Engineering Economics and Financial Accounting Syllabus
Engineering Economics and Financial Accounting Syllabus
Engineering Economics and Financial Accounting Syllabus
Types, objec tives and goals - Managerial decisions - Decision analysis. UNIT II DEMAND & SUPPLY ANALYSIS 10 Demand - Types of demand - Determinants of demand - Demand function - Demand elasticity - Demand forecasting - Supply - Determinants of supply - Supply funct ion Supply elasticity. UNIT III PRODUCTION AND COST ANALYSIS 10 Production function - Returns to scale - Production optimization - Least cost in put Isoquants - Managerial uses of production function. Cost Concepts - Cost function Types of Cost - Determinants of cost - Short run a nd Long run cost curves - Cost Output Decision - Estimation of Cost. UNIT IV PRICING 9 Determinants of Price - Pricing under different objectives and different market structures - Price discrimination - Pricing methods in practice role of Government in prici ng control. UNIT V FINANCIAL ACCOUNTING (ELEMENTARY TREATMENT) 10 Balance sheet and related concepts - Profit & Loss Statement and related concept s Financial Ratio Analysis - Cash flow analysis - Funds flow analysis - Comparativ e financial statements - Analysis & Interpretation of financial statements. Investments - Risks and return evaluation of investment decision - Average rate of return - Payback Period - Net Present Value - Internal rate of return. TOTAL= 45 PERIODS TEXT BOOKS: 1. McGuigan, Moyer and Harris, 'Managerial Economics; Applications, Strategy and Tactics', Thomson South Western, 10th Edition, 2005. 2. Prasanna Chandra. 'Fundamentals of Financial Management', Tata Mcgraw Hill Publishing Ltd., 4th edition, 2005. REFERENCES: 1. Samuelson. Paul A and Nordhaus W.D., 'Economics', Tata Mcgraw Hill Publishing Company Limited, New Delhi, 2004. 2. Paresh Shah, 'Basic Financial Accounting for Management', Oxford University P ress, New Delhi, 2007. 3. Salvatore Dominick, 'Managerial Economics in a global economy'. Thomson South Western, 4th Edition, 2001.