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| Economics for Engineers Syllabus | IndianTechnoEra |
Objectives:
- The objective of this course is to familiarize the prospective engineers with the elementary principles of the students with standard concepts and tools that they are likely to find (ed in the firm/industry/corporation in the public or private sector.
- It also seeks to of the current economic parameters /indicators/ policy debates, All of this is 2 imbibe soft skills that will enhance their employability.
Unit 1 | Economics, Demand, and Supply
Unit 2 | Theory of production, Cost and Market structures
- Theory of production: Law of variable proportions and Laws of returns the scale
- Cost: Concept of costs, short and long-run cost functions.
- Market structures: Features of Perfect Competition, Monopoly, and Monopolistic Competition.
Unit 3 | Money and Banking and Capital Budgeting Techniques
- Money and Banking: Commercial bank, functions of Commercial bank, Central bank, Functions of the central bank, Monetary Policy and Fiscal Policy Tools & their impact on the economy, Govt. Budget: Direct and Indirect taxes
- Capital Budgeting Techniques: Payback period (PBP), Internal Rate of Return (IRR), Net Present Value (NPV), Profitability Interest (P1), Depreciation, and Time value of Money.
Unit 4 | Indian economy, LPG and GST
- Indian economy: Brief overview of post-independence period ~ plans. Post reform: Growth, Structure of productive activity.
- Liberalization: Meaning, Merits & Demerits, Impact of Liberalization on Indian Economy,
- Privatization: Meaning, Merits, and Demerits, Steps of Indian Economy towards privatization.
- Globalization: Meaning, Merits, and Demerits, Impact of globalization on the Indian economy.
- GST: Meaning, Impact of GST on the Indian economy.
Suggested Readings: tags.
- Mankiw Gregory N,(2002), Principles of Economics, Thompson Asia,
- V. Mote, S. Paul, G: Gupta(2004), Managerial ‘Economics, Tata McGraw Hill