Engineering Economics and Entrepreneurship
Syllabus 5th Semester
B.Tech. (BT) V Semester
ENGINEERING ECONOMICS AND ENTREPRENEURSHIP
Course Code : EURBT 505 Category: HS
Credits: 3 Hours : 4 per week
Introduction. Basic concepts of the following: Value of money, equation for economic studies, equivalence, types of interest, discrete, continuous. Continuous cash flow and interest compounding. Present worth of an annuity, perpetuities and capitalised costs. Bonds and
debentures: value of a bond and yield rate. Definition and structure of entrepreneur.
Definitions, kinds and importance of IPRs.
Depreciation: Types and various methods of calculating depreciation, depreciation accounting. Cost accounting: Basic relationship in accounting, balance sheet and income statement. Various ratios to study the balance sheet andincome statements.Cost estimation: cash flow for industrial operations. Factors affecting investments and production costs – estimation of capital investment, cost indices. Methods of estimating capital investment.
Profitability: alternative investments and replacements. Mathematical methods for
profitability evaluation. Economic production charts for plants operating below 100%, above
100% and under dumping conditions. General procedure for determining optimum
conditions. Break-even chart of a production schedule and its significance for optimum
analysis. Economic balance in cyclic operations and semicontinuous cyclic operations –
Theories of entrepreneurship, institutes in aid of entrepreneurs, problems of entrepreneurship.
Copyright and related rights. Patents, trade secrets, copyrights, trademark, plant breeders and
farmers rights. Indias PVP legislation, international development in plant protection;
biodiversity – related issues. Biopiracy; Govt. initiatives.
For engineering economics:
1. Plant design and economics for chemical engineers (Fourth edition) by Max S Peters
and Klaus D. Timmerhaus (Chapters 5 – 11). McGraw Hill Book Company.
2. Process engineering economics by Herbest E Schweyer. McGraw Hill Book Company.
For entrepreneurship and IPRs:
1. Dynamics of entrepreneurial development and management by Vasant desai,
Himalaya Publishing, House. (2006)
2. Mashelkar Committee report. (internet)
3. Importance of IPR by Abhishek Joshi. National Law Institute, Bhopal University.
4. Mohd Usama and Amit Pal. Intellectual property rights. EnviroNews. Vol.12, No.4,
Dec. 2006. (Internet)
1. Patents for Chemicals, Pharmaceuticals and Biotechnology: Fundamentals of Global
Law, Practice and Strategy by Philip W. Grubb
2. Biotechnology: Law, Business and Regulation. by Michael J. Malinowski
3. Biotechnology and Pharmaceutial Patents: Law and Practice (Hardcover) by Marc S.
Gross, S. Peter Ludwig, Robert C., Jr. Sullivan
4. Agricultural Biotechnology and Intellectual Property Protection: Seeds of Change
Edited by J Kesan