MG2452 ENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING Syllabus

MG2452   ENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING                  
 L T P C
                                                                                                                                  3 0 0 3
UNIT I     INTRODUCTION                       6
Managerial Economics  - Relationship with other  disciplines  -  Firms:  Types, objectives
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  function  -
Supply elasticity.

UNIT III   PRODUCTION AND COST ANALYSIS               10
Production  function  -  Returns  to  scale  -  Production  optimization  -  Least  cost  input  -
Isoquants - Managerial uses of production function.

Cost Concepts  - Cost  function – Types of Cost  - Determinants of cost  - Short  run and
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  pricing
control.

UNIT V   FINANCIAL ACCOUNTING (ELEMENTARY TREATMENT)                 10
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.
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 Press,
    New Delhi, 2007.
3. Salvatore Dominick, 'Managerial Economics in a global economy'. Thomson South
    Western, 4th Edition, 2001.