Principles of Economics and Management
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Principles of Economics and Management Syllabus — Unit-wise Content
The official GTU curriculum for Principles of Economics and Management (subject code 3140709) as prescribed for Common · Semester 4 divides the course into 9 units, covering 53 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (3140709)Unit 1 Introduction to Economics; Definitions, Nature, Scope, Difference between
- Microeconomics & Macroeconomics Theory of Demand & Supply
- law of demand
- law of supply
- equilibrium between demand & supply Elasticity
- elasticity of demand
- price elasticity
- income elasticity
- cross elasticity
Unit 2 Theory of production; production function, meaning, factors of production
- (meaning & characteristics of Land
- capital & entrepreneur)
- Law of variable proportions & law of returns to scale Cost
- short run & long run cost
- fixed cost
- variable cost
- total cost
- average cost
- marginal cost
- opportunity cost
- Break even analysis
Unit 3 Markets; meaning, types of markets & their characteristics ( Perfect
- Monopolistic Completion
- Oligopoly) National Income
- stock and flow concept
- NI at current price
- NI at constant price, GNP, GDP, NNP, NDP, Personal income
- disposal income
Unit 4 Basic economic problems; Poverty-meaning, absolute & relative poverty, causes,
- measures to reduce Unemployment: meaning
- remedies Inflation
- measures to control
Unit 5 Money; meaning, functions, types, Monetary policy- meaning, objectives, tools,
- fiscal policy-meaning
- tools Banking
- Central Bank- RBI
- its functions
- CRR, bank rate
- repo rate
- reverse repo rate, SLR
Unit 6 Introduction to Management; Definitions, Nature, Management
- Difference between Management & administration
- types and roles of managers Management Principles
- Scientific principles
- Administrative principles
- Maslow’s Hierarchy of needs theory
Unit 7 Functions of Management; Planning, Organizing, Staffing, Directing,
- Controlling ( meaning
- nature and importance) Organizational Structures
- principles of organization
- types-formal and informal
- line & staff
- hybrid (explanation with merits and demerits)
- span of control
- chain of command
- centralization and decentralisation
Unit 8 Organisational culture of Environment concept of culture and its importance, 4 10
- Subject Code: 3140709 w.e.f
- AY 2018-19 attributes culture
- How does culture affect managers and employees
Unit 9 Corporate Social Responsibility; meaning, importance
- Business Ethics
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