PTGE3753 Syllabus - Engineering Economics And Financial Accounting - 2023 Regulation Anna University

PTGE3753 Syllabus - Engineering Economics And Financial Accounting - 2023 Regulation Anna University

PTGE3753

ENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING

 L T P C

3003

COURSE OBJECTIVES:
• Understanding the concept of Engineering Economics.
• Implement various micro economics concept in real life.
• Gaining knowledge in the field of macro economics to enable the students to have better
• understanding of various components of macro economics.
• Understanding the different procedures of pricing.
• Learn the various cost related concepts in micro economics.

UNIT I

DEMAND & SUPPLY ANALYSIS

9

Managerial Economics - Relationship with other disciplines - Firms: Types, objectives and goals - Managerial decisions - Decision analysis.Demand - Types of demand - Determinants of demand - Demand function – Demand elasticity - Demand forecasting - Supply- Determinants of supply - Supply function -Supply elasticity.

UNIT II

PRODUCTION AND COST ANALYSIS

9

Production function - Returns to scale - Production optimization - Least cost input - Isoquants - Managerial uses of production function. Cost Concepts - Cost function - Determinants of cost - Short run and Long run cost curves - Cost Output Decision - Estimation of Cost.

UNIT III

PRICING

9

Determinants of Price - Pricing under different objectives and different market structures - Price discrimination - Pricing methods in practice.

UNIT IV

FINANCIAL ACCOUNTING (ELEMENTARY TREATMENT)

9

Balance sheet and related concepts - Profit & Loss Statement and related concepts - Financial Ratio Analysis - Cash flow analysis - Funds flow analysis - Comparative financial statements - Analysis & Interpretation of financial statements.

UNIT V

CAPITAL BUDGETING (ELEMENTARY TREATMENT)

9

Investments - Risks and return evaluation of investment decision - Average rate of return - Payback Period - Net Present Value - Internal rate of return.

TOTAL: 45 PERIODS

COURSE OUTCOMES: Students able to
CO1: Upon successful completion of this course, students will acquire the skills to apply the basics of economics and cost analysis to engineering and take economically sound decisions.
CO2: Evaluate the economic theories, cost concepts and pricing policies
CO3: Understand the market structures and integration concepts
CO4: Understand the measures of national income, the functions of banks and concepts of globalization.
CO5: Apply the concepts of financial management for project appraisal

TEXT BOOKS:
1. Panneer Selvam, R, “Engineering Economics”, Prentice Hall of India Ltd, New Delhi,2001.
2. Managerial Economics: Analysis, Problems and Cases - P. L. Mehta, Edition, 13. Publisher, Sultan Chand, 2007.

REFERENCES:
1. Chan S.Park, “Contemporary Engineering Economics”, Prentice Hall of India, 2011.
2. Donald.G. Newman, Jerome.P.Lavelle, “Engineering Economics and analysis” Engg. Press, Texas, 2010.
3. Degarmo, E.P., Sullivan, W.G and Canada, J.R, “Engineering Economy”, Macmillan, New York, 2011.
4. Zahid A khan: Engineering Economy, "Engineering Economy", Dorling Kindersley, 2012
5. Dr. S. N. Maheswari and Dr. S.K. Maheshwari: Financial Accounting, Vikas, 2009.

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