Fundamentals of Economics and Apparel Costing detailed syllabus for Fashion Technology (FT) for 2021 regulation curriculum has been taken from the Anna University official website and presented for the FT 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 Fashion Technology 7th Sem scheme and its subjects, do visit FT 7th Sem 2021 regulation scheme. The detailed syllabus of fundamentals of economics and apparel costing is as follows.
Course Objectives:
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Unit I
BASIC CONCEPTS OF ECONOMICS AND MARKET 9
Definition, scope of economics; fundamental concepts; demand, supply, equilibrium; theory of production, cost; forms of market; concepts of revenue; pricing in perfect and imperfect competition.
Unit I
INFLATION AND GOVERNMENT POLICY 9
Inflation – causes, effect, control; Inflation Vs Unemployment, Philips curve; Government policies, Fiscal and Monitoring Policy, planning – economic growth and public welfare.
Unit III
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Unit IV
COSTING OF FABRICS AND APPARELS 9
Costing of fabrics; costing of apparel – accounting of prime costs and overhead costs, allocation of overheads; tax structure
Unit V
FOREIGN EXCCHANGE MANAGEMENT AND BUDGETING 9
Foreign exchange rates; foreign exchange management – risks, strategies to reduce risk; Budget, types of budgets, budgeting and control in apparel industry
Course Outcomes:
Upon completion of this course, the student would have acquired knowledge on
- Fashion market and marketing environment
- Fashion, Fad, style and its application
- Applied illusions and its Physical effects
- Fashion marketing research , fashion forecasting and marketing mix
- Fashion Products and its importance in Fashion Industry & new Product Development
Text Books:
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Reference Books:
- Stephen P. Robbins & Mary Coulter, “Management”, Prentice Hall of India, 10th Edition, 2009.
- JAF Stoner, Feeman R.E and Daniel R Gilbert “Management”, Pearson Education, 6th Ed.2004.
- Pau. A. Samuelson, William D., Nordhaus, Sudip Chaudhuri and Anindya Sen, Economics, 19th eidtion, Tata McGraw Hill, New Delhi, 2010.
- Richard Lipsey & Alec Charystal, Economics, 12th ed., Oxford University Press, New Delhi, 2011.
- William E Shinn, “Elements of Textile Costing”, NCSU School of Textiles, Raleigh, 1995.
- Robin Looper & Regine Salgmolder, “Target Costing and Value Engineering”, Taylor & Francis, Abingdon, 1997.
For detailed syllabus of all other subjects of Fashion Technology, 2021 regulation curriculum do visit FT 7th Sem subject syllabuses for 2021 regulation.
For all Fashion Technology results, visit Anna University FT all semester results direct link.