18AU751: Engineering Economics and Cost Estimation AUTO Syllabus for BE 7th Sem 2018 Scheme VTU (Open Elective-B)

Engineering Economics and Cost Estimation detailed Syllabus for Automobile Engineering (AUTO), 2018 scheme has been taken from the VTUs official website and presented for the VTU students. For Course Code, Subject Names, Teaching Department, Paper Setting Board, Theory Lectures, Tutorial, Practical/Drawing, Duration in Hours, CIE Marks, Total Marks, Credits and other information, visit full semester subjects post given below. The Syllabus PDF files can also be downloaded from the official website of the university.

For all the other VTU AUTO 7th Sem Syllabus for BE 2018 Scheme, visit Automobile Engineering 7th Sem 2018 Scheme.

For all the (Open Elective-B) subjects refer to Open Elective-B Scheme. The detail syllabus for engineering economics and cost estimation is as follows.

Course Objectives:

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Module 1

Introduction: Definition of various economic terms such as economic goods, utility, value, price, wealth, wants capital, rent and profit, Laws of returns Demand and supply & wages: Law of diminishing utility and total utility. Demand Schedule, Law of demand. Elasticity of demand, Law of substitution, Law of supply, supply schedule, elasticity of supply. Nominal and real wages, Factors affecting real wages, theory of wages, Difference in wages, methods of wage payment

Module 2

Money and Exchange: Theory of exchange, Barter, stock exchange, Speculation money qualities of a good money, function of a money, classification of money, value of money, index number, appreciation and depreciation of money value, Gresham’s Law and its limitations Taxation and Insurance: Principle of taxation, characteristics of a good taxation system, kinds of taxes, and their merits and demerits, Vehicle Insurance, Loss Assessment.

Module 3

Module 4

Costs: Standard costs estimated cost, First cost, Fixed cost, Variable costs, Incremental cost, Differential cost, Sunk and marginal cost, Breakeven and minimum cost analysis, simple numerical problems. Cost Accounting: Introduction, objectives of cost accounting, elements of cost material cost, labour cost, and expenses, allocation of overheads by different methods, simple numerical problems.

Module 5

Book Keeping and Accounts: Introduction, Necessity of book keeping, single entry and double entry system, Classification of assets, Journal, Ledger, Trial balance, Final accounts, trading, profit and loss account, Balance sheet, Numerical Cost Estimation: Introduction, importance, objectives and functions of estimating, principle factors in estimating, Functions and qualities of an estimator, estimating procedure. Estimation of material cost and manufacturing cost of simple automotive components, Estimation of cost of overhauling and servicing of automotive components-cylinder, valves, valve seats, crankshaft, FIP, Brake drum, body building, different types of repairs.

Course Outcomes:

Question paper pattern:

The question paper will have ten full questions carrying equal marks.
Each full question will be for 20 marks.
There will be two full questions (with a maximum of four sub- questions) from each module.

Text Books:

Engineering Economics, , Tara Chand Nem Chand and Brothers, Roorkee 1995
Engineering Economy Thuesen, G. J. and Fabrycky, W. J. Prentice Hall of India Pvt. Ltd. 2001

Reference Books:

For the detail Syllabus of all other subjects of BE (AUTO) 7th Sem, visit Automobile Engineering 7th Sem Subjects.

For all (CBSE & Non-CBSC) BE/B.Tech results, visit VTU BE/B.Tech all semester results.

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