LESSON PLAN. Sub Code &Name : CE 2451 Engineering Economics and Cost Analysis

Transcription

1 Page 1 of 5 Syllabus : UNIT I - BASIC ECONOMICS Definition of economics - nature and scope of economic science - nature and scope of managerial economics - basic terms and concepts - goods - utility - value - wealth - factors of production - land - its peculiarities - labour - economies of large and small scale - consumption - wants - its characteristics and classification - law of diminishing marginal utility - relation between economic decision and technical decision. Objective : To give students an overview of Economics, its basic terms and concepts and to explain the factors of production, economics of large and small scale its laws. Sessio n No Topics to be covered 1 Definition of economics nature and scope of economic science 2 Nature and scope of managerial economics- basic 50 terms and concepts - goods - utility value wealth 3 Factors of production land its peculiarities - 50 labor 4 Economies of large and small scale consumption 50 wants- 5 Its characteristics and classification 50 6 Law of diminishing marginal utility 50 7 Relation between economic decision and technical 50 decision. Time in Minute s 50 Books Referred method 1,3 Syllabus : UNIT II - DEMAND AND SCHEDULE 8 Demand - demand schedule - demand curve - law of demand - elasticity of demand - types of elasticity - factors determining elasticity - measurement - its significance - supply - supply schedule - supply curve - law of supply - elasticity of supply - time element in the determination of value - market price and normal price - perfect competition - monopoly - monopolistic competition.

2 Page 2 of 5 Objective : To make the students understand what is demand. The concepts like elasticity of demand its significance supply- supply schedule- supply curve, types of competition 8 Demand demand schedule curve 50 9 Law of demand elasticity of demand types of 50 elasticity 10 Measurement its significance Supply supply schedule supply curve Law of supply elasticity of supply Time element in the determination of value Market price and normal price Perfect competition monopoly monopolistic competition 1,3,5 Syllabus : UNIT III - ORGANISATION Forms of business - proprietorship - partnership - joint stock company - cooperative organisation - state enterprise - mixed economy - money and banking - banking - kinds - commercial banks - central banking functions - control of credit - monetary policy - credit instrument. Objective : Exposure to students on the forms of business, partnership, mixed economy, money and banking, commercial banks and central banking functions. 16 Forms of business, its different types Proprietorship, partnership Joint stock company cooperative organization 50 state enterprise. 19 Mixed economy Money and banking banking kinds Commercial banks central banking functions Control of credit Monetary policy credit instrument 50 Syllabus : UNIT IV FINANCING 1,3,5

3 Page 3 of 5 Types of financing - Short term borrowing - Long term borrowing - Internal generation of funds - External commercial borrowings - Assistance from government budgeting support and international finance corporations - analysis of financial statement Balance Sheet - Profit and Loss account - Funds flow statement. Objective : Detailed discussion on types of financing, short and long term borrowing and financial statements 24 Types of financing Short term borrowing Long term borrowing Internal generation of funds External commercial 50 borrowing 27 Assistance form government budgeting support 50 and international finance corporations 28 of financial statement Balance sheet Profit and Loss account Funds flow statement Problems on above topics 50 CAT I Syllabus : UNIT V - COST AND BREAK EVEN ANALYSES Types of costing traditional costing approach - activity base costing - Fixed Cost variable cost marginal cost cost output relationship in the short run and in long run pricing practice full cost pricing marginal cost pricing going rate pricing bid pricing pricing for a rate of return appraising project profitability internal rate of return pay back period net present value cost benefit analysis feasibility reports appraisal process technical feasibility economic feasibility financial feasibility. Break even analysis - basic assumptions break even chart managerial uses of break even analysis. Objective : Detailed exposure to students on various types of costing, project profitability, cost benefit analysis and breakeven analysis.

4 Page 4 of 5 33 Types of costing traditional costing approach activity base costing Fixed Cost variable cost marginal cost Cost output relationship in the short run and in 50 long run 36 Pricing practice full cost pricing marginal cost 50 pricing going rate pricing bid pricing for a rate of return 37 Net present value cost benefit analysis Internal rate of return pay back period Net present value cost benefit analysis Feasibility reports Appraisal process Technical feasibility economic feasibility financial 50 feasibility. 43 Break even analysis basis assumptions Break even chart Managerial uses of break even analysis 50 CAT II 5,6 Course Delivery Plan Week Units I II I II I II I II I II I II I II I II I II I II I II I II I II Continuous Tests (50% Weightage) C A T C A T 2

5 Page 5 of 5 Text Books : 1. Dewett K.K & varma J.D.,Elementary Economic Theory, S. Chand & Co Sharma JC Construction Management and Accounts Satya Prakshan, new delhi Reference 3. Adhikary M., Managerial Economics 4. Khan MY and Jain PK Financial management McGraw-Hill publishing Co. Ltd 5. Varshney RL and Maheswary KL Managerial Economics S Chand and Co 6. Ramachandra Aryashri Engineering Economics and Financial Accounting McGraw-Hill Publishing Co. Ltd. Prepared by Approved by Signature Name B.Nagendra Kumar B.Nagendra Kumar Designation HoD-CE HoD-CE Date February 11, 2013 February 11, 2013