Engineering Economics and Cost Benefit Analysis Syllabus for B.Tech 8th sem is covered here. This gives the details about credits, number of hours and other details along with reference books for the course.<\/p>\n
The detailed syllabus for Engineering Economics and Cost Benefit Analysis B.Tech (R13) eightsem is as follows<\/p>\n
OBJECTIVES:<\/strong><\/p>\n UNIT I : BASIC ECONOMICS<\/strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 [9 hours] UNIT II : DEMAND AND SCHEDULE<\/strong> \u00a0 \u00a0 \u00a0\u00a0 [9 hours] UNIT III : ORGANISATION<\/strong> \u00a0 \u00a0 \u00a0\u00a0\u00a0 [9 hours]\n
\nDefinition of Economics – Nature and scope of economic science – Nature and scope of\u00a0managerial economics – Basic terms and concepts- Goods – Utility – Value- Wealth- Factors of\u00a0production – Land – Its peculiarities- Labour- Economics of large and small scale- Consumption\u00a0wants – Its characteristics and classification- Law of diminishing marginal utility – Relation between\u00a0economic decision and technical decision.<\/p>\n
\nDemand – Demand schedule – Demand curve – Law of demand – Elasticity of demand – Types of\u00a0elasticity – Factors determining elasticity – Measurement- Its significance- Supply- Supply schedule\u00a0– Supply curve – Law of supply- Elasticity of supply- Time element in determination of valueMarket\u00a0price and normal price- perfect competition- Monopoly- Monopolistic competition.<\/p>\n
\nForms of business – Proprietorship – Partnership- Joint stock company – Cooperative organization –\u00a0State enterprise – Mixed economy – Money and banking- Banking – kinds – Commercial banks –\u00a0Central banking functions- Control of credit- Monetary policy- Credit instrument.<\/p>\n