Managerial Economics and Financial Accounting detailed syllabus for Petroleum Engineering (Petroleum) for 2021-22 regulation curriculum has been taken from the Rajasthan Technical University official website and presented for the petroleum engineering 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 Petroleum Engineering 3rd Sem scheme and its subjects, do visit Petroleum 3rd Sem 2021-22 regulation scheme. The detailed syllabus of managerial economics and financial accounting is as follows.
Unit 1
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Unit 2
Basic economic concepts- Meaning, nature and scope of economics, deductive vs inductive methods, static and dynamics, Economic problems – scarcity and choice, circular flow of economic activity, national income-concepts and measurement.
Unit 3
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Unit 4
Production and Cost analysis- Theory of production- production function, law of variable proportions, laws of returns to scale, production optimization, least cost combination of inputs, isoquants. Cost concepts-explicit and implicit cost, fixed and variable cost, opportunity cost, sunk costs, cost function, cost curves, cost and output decisions, cost estimation.
Unit 5
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Unit 6
Financial statement analysis- Balance sheet and related concepts, profit and loss statement and related concepts, financial ratio analysis, cash-flow analysis, funds-flow analysis, comparative financial statement, analysis and interpretation of financial statements, capital budgeting techniques.
For detailed syllabus of all other subjects of Petroleum Engineering, 2021-22 regulation curriculum do visit Petroleum 3rd Sem subject syllabuses for 2021-22 regulation.
For all Petroleum Engineering results, visit Rajasthan Technical University petroleum engineering all semester results direct link.