Engineering Economics and Management
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Engineering Economics and Management Syllabus — Unit-wise Content
The official GTU curriculum for Engineering Economics and Management (subject code 2140003) as prescribed for Mechatronics · Semester 4 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 (2140003)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, scope
- 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
Unit 8 Introduction to Marketing management; Marketing Mix, concepts of marketing,
- demand forecasting and methods
- market segmentation Introduction to Finance Management
Unit 9 Introduction to Production Management; definitions, objectives, functions, plant
- 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
- Business Ethics
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