Economics and Management for Engineers detailed syllabus for Medical Electronics (MEE) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the MEE students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Medical Electronics 5th Sem scheme and its subjects, do visit MEE 5th Sem 2021 regulation scheme. For Professional Elective-III scheme and its subjects refer to MEE Professional Elective-III syllabus scheme. The detailed syllabus of economics and management for engineers is as follows.
Course Objectives:
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Unit I
INTRODUCTION TO ECONOMICS
Introduction to Economics – Scope of Economics – Positive and Normative Science -Methodology of Economics – Economic Laws – Economy and its basic problems: Economy and its working – Kinds of economy systems – Basic problems of economy.
Unit II
DEMAND AND SUPPLY ANALYSIS
The Law of Demand – The Law of Supply – Elasticities of Demand and Supply: Price Elasticity of Demand – Price Elasticity and Consumption Expenditure- Cross Elasticity of Demand – Income Elasticity of Demand – The Elasticity of Price Expectations – The uses of Elasticity- Price Elasticity of Supply.
Unit III
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Unit IV
INTRODUCTION TO MANAGEMENT
Management: Overview – Management Defined – Managerial skills – Managerial roles -Management responsibilities – Management functions. Evolution of Management: Classical approaches to Management – Contemporary Management Perspectives.
Unit V
PLANNING
Planning and Forecasting: Importance of Planning – Principles of effective Planning – Planning process – Types of Plans. Strategic Planning: Strategic Planning process – Rational decision making.
Course Outcomes:
Upon completion of the course, students will be able to:
- Summarize how to solve economics principles to solve economic problems in engineering discipline by satisfying the economic laws.
- Discuss the demand and supply process for a market analysis using Price elasticity, Cross elasticity and Income elasticity.
- Interpret short run and long run costs in the process of production for carrying out a business.
- Apply managerial skills to make decisions and solve problems for achieving organizational objectives.
- Express the principles of effective planning for survival and success of all organizations using standing and single use planning methods.
Text Books:
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Reference Books:
- RanbirSingh,“Principles of Engineering Economics and Management”, S.K.Kataria& Sons, New Delhi, 2013.
- Manish Varshney and VidhanBanerjee,“Engineering and Managerial Economics”,First Edition, CBS Publishers and Distributors Pvt. Ltd., 2015.
For detailed syllabus of all the other subjects of Medical Electronics 5th Sem, visit MEE 5th Sem subject syllabuses for 2021 regulation.
For all Medical Electronics results, visit Anna University MEE all semester results direct link.