Module-I:
- Engineering Economics
- Nature and scope
- General concepts on micro & macro economics
- The Theory of demand
- Demand function
- Law of demand and its exceptions
- Elasticity of demand
- Law of supply and elasticity of supply
- Determination of equilibrium price under perfect competition
- Theory of production
- Law of variable proportion
- Law of returns to scale
Module-II:
- Time value of money
- Simple and compound interest
- Cash flow diagram
- Principle of economic equivalence
- Evaluation of engineering projects
- Present worth method
- Future worth method
- Annual worth method
- internal rate of return method
- Cost-benefit analysis in public projects
- Depreciation policy
- Depreciation of capital assets
- Causes of depreciation
- Straight line method and declining balance method
Module-III:
- Cost concepts
- Elements of costs
- Preparation of cost sheet
- Segregation of costs into fixed and variable costs
- Break-even analysis-Linear approach
- Banking
- Meaning and functions of commercial banks
- functions of Reserve Bank of India
- Overview of Indian Financial system
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