Management and Engineering Economics ME 5th Sem Syllabus for VTU BE 2017 Scheme

Management and Engineering Economics detail syllabus for Mechanical Engineering (Me), 2017 scheme is taken from VTU official website and presented for VTU students. The course code (17ME51), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below.

For all other me 5th sem syllabus for be 2017 scheme vtu you can visit ME 5th Sem syllabus for BE 2017 Scheme VTU Subjects. The detail syllabus for management and engineering economics is as follows.

Course Objectives:

• Examine the meaning, importance, nature of management, its difference between management and administration and role of managers in management.
• Examine the meaning characteristics principles and process of organizing.
• Describe effective communication process, its importance, types and purpose for running an organization.
• Explain the importance of engineering economics, Law of demand and supply in engineering decision making.
• Describe various interest rate factors and implement the same for economic decision making.
• Examine different economic analysis methods-NPW, EAW, IRR, FW for decision making.
• Discuss different component of costs and methods of cost estimation.
• Explain depreciation, different methods of computing depreciation.
• Discuss taxation concepts-income tax and corporate taxes.

Module 1

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Module 2

Organizing And Staffing: Nature and purpose of organization Principles oforganization – Types of organization – Departmentation Committees-Centralization Vs Decentralization of authority and responsibility – Span ofcontrol – MBO and MBE (Meaning Only) Nature and importance of staffing–:Process of Selection & Recruitment (in brief).
Directing & Controlling: Meaning and nature of directing Leadershipstyles, Motivation Theories, Communication – Meaning and importance -coordination, meaning and importance and Techniques of Co Ordination. Meaning and steps in controlling – Essentials of a sound control system -Methods of establishing control (in brief)

Module 3

Introduction: Engineering and economics, Problem solving and decision making, Laws of demand and supply, Difference between Microeconomics & Macroeconomics, equilibrium between demand & supply, elasticity of demand, price elasticity, income elasticity.
Law of Returns, Interest and interest factors, simple and compound interest, Cash flow diagrams, personal loans and EMI payment calculation with flexible interest rates, Discussion and problems

Module 4

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Module 5

Costing and depreciation: Components of costs, estimation of selling price, marginal cost, first cost, all kinds of overheads, indirect cost estimation with depreciation, mensuration and estimation of material cost, cost estimation of mechanical process, idling time.
Product costing (approaches to product costing), causes of depreciation, methods of computing depreciation charges, straight line method, declining balance method, sum of years method, sinking fund method, service output methods, taxation concepts, personal income taxes and corporate taxes, Discussions and problems.

Course Outcomes:

On completion of this subject students will be able to

1. Explain the development of management and the role it plays at different levels in an organization.
2. Comprehend the process and role of effective planning, organizing and staffing for the development of an organization.
3. Understand the necessity of good leadership, communication and coordination for establishing effective control in an organization.
4. Understand engineering economics demand supply and its importance in economics decision making and problem solving.
5. Calculate present worth, annual worth and IRR for different alternatives in economic decision making.
6. Understand the procedure involved in estimation of cost for a simple component, product costing and depreciation, its methods.

Text Books:

1. Principles of Management by Tripathy and Reddy
2. Mechanical estimation and costing, T.R. Banga& S.C. Sharma, 17th edition 2015
3. Engineering Economy, Riggs J.L. McGraw Hill, 2002
4. Engineering Economy, Thuesen H.G. PHI, 2002

Reference Books:

1. Management Fundamentals- Concepts, Application, Skill Development – RobersLusier – Thomson
2. Basics of Engineering Economy, Leland Blank & Anthony Tarquin, McGraw Hill Publication (India) Private Limited
3. Engineering Economics, R.Paneerselvam, PHI publication
4. Fundamentals of Management: Essential Concepts and Applications, Pearson Education, Robbins S.P. and Decenzo David A.
5. Economics: Principles of Economics, N Gregory Mankiw, Cengage Learning
6. Modern Economic Theory, By Dr. K. K. Dewett& M. H. Navalur, S. Chand Publications

For detail syllabus of all other subjects of BE Me, 2017 scheme do visit Me 5th Sem syllabus for 2017 scheme.

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