Engineering Economics and Financial Accounting detailed syllabus for Mechatronics Engineering (Mechatronics) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the Mechatronics 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 Mechatronics Engineering 7th Sem scheme and its subjects, do visit Mechatronics 7th Sem 2021 regulation scheme. For Elective – Management scheme and its subjects refer to Mechatronics Elective – Management syllabus scheme. The detailed syllabus of engineering economics and financial accounting is as follows.
Course Objectives:
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Unit I
DEMAND & SUPPLY ANALYSIS
Managerial Economics – Relationship with other disciplines – Firms: Types, objectives and goals – Managerial decisions – Decision analysis.Demand – Types of demand – Determinants of demand – Demand function – Demand elasticity – Demand forecasting – Supply – Determinants of supply – Supply function -Supply elasticity.
Unit II
PRODUCTION AND COST ANALYSIS
Production function – Returns to scale – Production optimization – Least cost input -Isoquants – Managerial uses of production function. Cost Concepts – Cost function – Determinants of cost – Short run and Long run cost curves – Cost Output Decision – Estimation of Cost.
Unit III
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Unit IV
FINANCIAL ACCOUNTING (ELEMENTARY TREATMENT)
Balance sheet and related concepts – Profit & Loss Statement and related concepts – -Financial Ratio Analysis – Cash flow analysis – Funds flow analysis – Comparative
financial statements – Analysis & Interpretation of financial statements.
Unit V
CAPITAL BUDGETING (ELEMENTARY TREATMENT)
Investments – Risks and return evaluation of investment decision – Average rate of return – Payback Period – Net Present Value – Internal rate of return.
Course Outcomes:
Students able to
- Upon successful completion of this course, students will acquire the skills to apply the basics of economics and cost analysis to engineering and take economically sound decisions
- Evaluate the economic theories, cost concepts and pricing policies
- Understand the market structures and integration concepts
- Understand the measures of national income, the functions of banks and concepts of globalization
- Apply the concepts of financial management for project appraisal
Text Books:
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Reference Books:
- Chan S.Park, “Contemporary Engineering Economics”, Prentice Hall of India, 2011.
- Donald.G. Newman, Jerome.P.Lavelle, “Engineering Economics and analysis” Engg. Press, Texas, 2010.
- Degarmo, E.P., Sullivan, W.G and Canada, J.R, “Engineering Economy”, Macmillan, NewYork, 2011.
- Zahid A khan: Engineering Economy, “Engineering Economy”, Dorling Kindersley, 2012
- Dr. S. N. Maheswari and Dr. S.K. Maheshwari: Financial Accounting, Vikas, 2009
For detailed syllabus of all the other subjects of Mechatronics Engineering 7th Sem, visit Mechatronics 7th Sem subject syllabuses for 2021 regulation.
For all Mechatronics Engineering results, visit Anna University Mechatronics all semester results direct link.