Faculty of Engineering & Technology, SRM University, Kattankulathur 603203

School of Mechanical Engineering

Department of Mechanical Engineering

Course plan
Course code
Course title
Semester
Academic year /
Semester

: ME1034
Date
: ECONOMICS & PRINCIPLES OF MANAGEMENT
: SEVEN
: 2016-17 / ODD SEM
: (June November 2016)

: 06.07.2016

Section details:
Details of Faculty member
S.N.

Name

Room
No.

Intercom/
Mobile
No.

e-mail id
@ktr.srmuniv.ac.in

H312

97907 99585

kumaran.d

MEHA
207

94437 84657

balaji.g

MEC110

99529 47173

karthikeyan.p

72004 05694

raghavendra.v

94895 30566

sathiya.k

99405 39087

annjoachimmartin.r

94425 21224

ravikrishnamoorthy.s

94451 26532

murugesan.r

99431 37698

rajendrakumar.s

Mr.D.Kumaran

Mr.G.Balaji

Mr.P.Karthikeyan

Mr.V.Raghavendra Rao

Mr.K. Sathiyamoorlhy

Mr Ann Joachim Martin

Mr.S. Ravi Krishnamoorthy

Mr.R.Murugesan

Mr.S.Rajendra Kumar

10

Mr.D. Vamsi Krishna

MEH109

81482 63356

vamsikrishna.d

11

Mr.M.Dhanasekaran

H313

77083 66813

dhanasekaran.m

12

Mr.M.Balaji

MEHA
207

97884 54625

balaji.m

13

Mrs.V.Praveena

MEB305

94448 95610

praveena.v

14

Mr.S.Arun Prasath

BEL501/
A

94422 19484

arunprasath.s

MEHA2
12
MEB208
/B
BEL510/
A
MEB202
Bosch
lab
MEB208
/G

Student
contact time
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm
DAY ORDER 1 to 5
12.30 pm 01.30 pm

Direct assessment details:

Name of assessment
Cycle test - I
Surprise test
Cycle test - II
Model examination
Attendance
End semester examination

Marks
10
05
10
20
05
50

Topics
Unit I
Unit I & Unit II
UNIT II
Full syllabus
Full syllabus

Tentative date
01.08.2016
20.08.2016
01.09.2016
05.10.2016
20.10.2016

Duration
100 minutes
10 15 min
100 minutes
3 hours
3 hours

Syllabus of the course:

Course code

ME1034

Course title

ECONOMICS AND PRINCIPLES OF MANAGEMENT

Prerequisite

Nil

L T

PURPOSE
To become familiarized about Engineering Economics and Principles of Management.
INSTRUCTIONAL OBJECTIVES
The course will enable the students to become familiar with
1. The different engineering economic principles and strategies
2. Principles of organizational management
3.

Behaviour of human at organizations with modern management concepts

UNIT I

ENGINEERING ECONOMICS

(9 hours)

Introduction - Economics - Scope and Definition - Importance of Economics in Engineering Economic optimization- Demand and Revenue Analysis - Law of Demand - Demand Forecasting
-Methods of Demand Forecasting - Demand curves - Factors affecting Demand - Demand
Elasticity - Production Analysis - simple problems.
UNIT II

SUPPLY, COST AND OUTPUT

(9 hours)

Supply - Supply schedule - Law of Supply - Elasticity of Supply - Cost and Supply Analysis Types of Costs - Price and output Determination - Price Fixation - Pricing methods - Pricing
Policies - Factors governing Pricing Policies - Break-Even analysis - Estimation of Break-Even
Point - Usefulness of BEP - Limitations - simple problems.
UNIT III MANAGEMENT AND ITS ENVIRONMENT

(9 hours)

Management - Definition - Functions - Evolution of Modern Management movement - Different

Schools of Management - Types and Forms of Business Organization - Designing effective
organizations - Individual ownership - Partnership - Joint stock companies - Cooperative
enterprises - Public Sector Undertakings.
UNIT IV MANAGEMENT OF HUMAN AT WORK

(9 hours)

Human Resource Development - Motivating individuals and workgroups - Leadership for

Managerial Effectiveness - Team working and Creativity - Managerial Communication - Time
Management - Performance Appraisal- Career Planning.
UNIT V

MODERN MANAGEMENT CONCEPTS

(9 hours)

Management by Objectives (MBO) - Principles and Steps - Advantages and Disadvantages Management by Exception (MBE) - Strategic management - SWOT analysis - Enterprise
Resource Planning (ERP) - Supply Chain Management (SCM) - Activity Based Management
(ABM).
TEXT BOOKS
1. Sasmita Mishra, Engineering Economics and Costing Eastern economy Edition, 2009.
2. Chandran.J.S, Organizational Behaviours, Vikas Publishing House Pvt. Ltd., New Delhi,
1994.

3. Ernest Dale, Management Theory and Practice, International Student Edition, McGraw Hill
Publishing Co., New Delhi, 1973.
REFERENCES
1. Richard Pettinger, Mastering Organizational Behaviour, Macmillan Press, London, 2000.
2. Chaiger.N.A, Energy Consumption and Environment, McGraw Hill Publishing Co., New
Delhi, 1981.
3. Gail Freeman - Bell and Janes Balkwill, "Management in Engineering Principles and
Practive", Prentice Hall of India Pvt.Ltd., 1998.
4. Barathwal.R.R, "Engineering Economics", McGraw Hill, 1997.

ME1034 ECONOMICS AND PRINCIPLES OF MANAGEMENT

Course Designed by
1.

2.

Student outcomes

Department of Mechanical Engineering

a

Mapping of
instructional
objectives with
student outcome
Category

General
(G)

1,2

1-5

Basic
Sciences
(B)

Engineering
Sciences and
Technical
Arts(E)

Professional Subjects
( P)
X

Approval

23rd Meeting of Academic Council. May 2013

Course Coordinator

Mr. D. Kumaran

SESSION/ LESSON PLAN

Session
No.

TITLE/DETAILS OF CHAPTER

REFERENCES

UNIT I - 1 - Engineering Economics

1

Introduction to Economics, Scope and Definition

T1, Chapter 1

Importance of Economics in Engineering, Demand and

supply laws

T1, Chapter 2

Economic optimization, Demand and Revenue Analysis

T1, Chapter 2

4
5
6
7

Law of Demand , Demand Functions, Classification of

Demand,
Demand Forecasting, Methods of Demand Forecasting,
Demand curves
Factors affecting Demand Factors Influencing Demand,
Types of demand Forecasting
Elasticity of Demand , Types, Price Elasticity, Income
Elasticity, Advertisement Elasticity

T1, Chapter 2
T1, Chapter 2
T1, Chapter 2
T1, Chapter 2

Demand curves Production Analysis

T1, Chapter 3

Simple Problems

T1, Chapter 3
UNIT - II - Supply, Cost and Output

10

Supply, Supply schedule, Law of Supply

T1, Chapter 3

11

Elasticity of Supply, Cost and Supply Analysis

T1, Chapter 3

12

Types of Costs, requirements of good costing system

T1, Chapter 12

13

Price and output Determination, Objectives of pricing

T1, Chapter 3

14

Price Fixation, Pricing methods

T1, Chapter 3

15

Pricing Policies, Factors governing Pricing Policies

T1, Chapter 3

16

Estimation of Break Even Point

T1, Chapter 8

17

Break Even analysis, Usefulness of BEP

T1, Chapter 8

18

Limitations , Simple Problems

T1, Chapter 8

UNIT - III - Management and its environment

19

Management - Definition - Functions

T3, Chapter 1

20

Evolution of Modern Management movement

T3, Chapter 2

21

Different Schools of Management thoughts

T3, Chapter 2

22

Types and Forms of Business Organization

T3, Chapter 4

23

Designing effective organizations

T3, Chapter 4

24

Individual ownership - Partnership

R5, Chapter 16

25

Joint stock companies

R5, Chapter 16

26

Cooperative enterprises

R5, Chapter 16

27

Public Sector Undertakings

R5, Chapter 16

UNIT IV - Management of Human at work

T3, Chapter 5

29

Human Resource Development- Staffing, Selection,

development, motivation and Training
Motivation theories, Techniques

30

Motivating individuals and workgroups

T3, Chapter 6

31

Leadership for Managerial Effectiveness, Types

R6, Chapter 25

32

Team working, Creativity and decision making

T3, Chapter 8

33

Managerial Communication-Importance, classification

T3, Chapter 9

34

Time Management

35

Performance Appraisal- promotion, methods

36

Career Planning

28

T3, Chapter 6

R6, Chapter6& 9
T3, Chapter 5
T3, Chapter 10

UNIT V - Modern Management Concepts

37

Management by Objectives (MBO), Features

T3, Chapter 10

38

MBO-Principles and Steps

T3, Chapter 10

39

MBO- Advantages and Disadvantages

T3, Chapter 10

40

Management by Exception (MBE)

R6, Chapter 27

41

Strategic management-Levels of strategy

R6, Chapter 8

42

SWOT analysis

R6, Chapter 8

43

Enterprise Resource Planning (ERP)

R5, Chapter 23, 24

44

Supply Chain Management (SCM)

R5, Chapter 23, 24

45

Activity Based Management (ABM)

R5, Chapter 23, 24

TEXT BOOKS

1. Sasmita Mishra, Engineering Economics and Costing Eastern economy Edition, 2009.
2. Chandran.J.S, Organizational Behaviours, Vikas Publishing House Pvt. Ltd., New Delhi, 1994.
3. Ernest Dale, Management Theory and Practice, International Student Edition, McGraw Hill Publishing Co.,
New Delhi, 1973.
REFERENCES
1. Richard Pettinger, Mastering Organizational Behaviour, Macmillan Press, London, 2000.
2. Chaiger.N.A, Energy Consumption and Environment, McGraw Hill Publishing Co., New Delhi, 1981.
3. Gail Freeman - Bell and Janes Balkwill, "Management in Engineering Principles and Practive", Prentice Hall of
India Pvt.Ltd., 1998.
4. Barathwal.R.R, "Engineering Economics", McGraw Hill, 1997.
5. Khanna O.P Industrial Engineering and Management, Dahnpat rai Publications.
6. Prasad L.M, Principles and Practice of Management, Sultan Chand and Sons.

Name/ Signature of the Faculty

S.N.

Name

HOD / Mech.
Signature

S.N.

Name

Mr.D.Kumaran

Mr.R.Murugesan

Mr.G.Balaji

Mr.S.Rajendra Kumar

Mr.P.Karthikeyan

10

Mr.D. Vamsi Krishna

Mr.V.Raghavendra Rao

11

Mr.M.Dhanasekaran

Mr.K. Sathiyamoorlhy

12

Mr.M.Balaji

Mr Ann Joachim Martin

13

Mrs.V.Praveena

Mr.S. Ravi Krishnamoorthy

14

Mr.S.Arun Prasath

Signature