Engineering Economics and Management

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ENGINEERING ECONOMICS AND 2130004
FREE PDF 2130004
Code: 2130004 Credits: 3 Semester 3 IC

Engineering Economics and Management

Get the full GTU study material, English & Gujarati textbook PDFs, syllabus curriculum, and solved previous year question papers.

Engineering Economics and Management Syllabus — Unit-wise Content

The official GTU curriculum for Engineering Economics and Management (subject code 2130004) as prescribed for IC · Semester 3 divides the course into 10 units, covering 55 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 (2130004)

Unit 1 Introduction to Economics; Definitions, Nature, Scope, Difference between

4 lecture hours

  • 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

4 lecture hours

  • (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

5 lecture hours

  • 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,

4 lecture hours

  • measures to reduce Unemployment: meaning
  • remedies Inflation
  • measures to control

Unit 5 Money; meaning, functions, types, Monetary policy- meaning, objectives, tools,

4 lecture hours

  • 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, scope

4 lecture hours

  • 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,

5 lecture hours

  • 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

Unit 8 Introduction to Marketing management; Marketing Mix, concepts of marketing,

5 lecture hours

  • demand forecasting and methods
  • market segmentation Introduction to Finance Management

Unit 9 Introduction to Production Management; definitions, objectives, functions, plant

5 lecture hours

  • layout-types & factors affecting it, plant location- factors affecting it
  • Introduction to Human Resource Management
  • objectives of manpower planning
  • sources of recruitment
  • process of selection

Unit 10 Corporate Social Responsibility; meaning, importance

2 lecture hours

  • Business Ethics

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