Lovely Professional University, Punjab

Course Code Course Title Course Planner Lectures Tutorials Practicals Credits
ECO310 ECONOMICS FOR ENGINEERS 12348::Monika Kalani 3 0 0 3
Course Weightage ATT: 5 CA: 25 MTT: 20 ETT: 50
Exam Category: 55: Mid Term Exam: All Subjective – End Term Exam: All
Subjective
Course Orientation COMPETITIVE EXAMINATION (Higher Education), KNOWLEDGE ENHANCEMENT

TextBooks ( T )
Sr No Title Author Publisher Name
T-1 FUNDAMENTALS OF PRAVIN KUMAR WILEY
ENGINEERING ECONOMICS
Reference Books ( R )
Sr No Title Author Publisher Name
R-1 MANAGERIAL ECONOMICS VANITA AGGARWAL PEARSON
R-2 MANAGERIAL ECONOMICS YOGESH MAHESWARI PRENTICE HALL

Other Reading ( OR )

Sr No Journals articles as Compulsary reading (specific articles, complete reference)

OR-1 web.uvic.ca/~ramanik/103s/chapter4m.ppt ,
OR-2 https://rbidocs.rbi.org.in/rdocs/Bulletin/PDFs/02ARBUL120312.pdf ,
OR-3 http://www.scotthemplinglaw.com/research-papers/market-structure ,
OR-4 http://indiabudget.nic.in/es2014-15/echapter-vol1.pdf ,
OR-5 www.indiabudget.nic.in/es2014-15/echapter-vol2.pdf ,

Relevant Websites ( RW )
Sr No (Web address) (only if relevant to the course) Salient Features
RW-1 http://indiabudget.nic.in/survey.asp Economic survey of India

RW-2 http://economics.about.com/od%20/microeconomics/Macroeconomics_Resourses.htm Various terms and definition pertaining to economics are given in this
site. Quite handy for those students who don't have prior knowledge about
Micro and Macroeconomics
RW-3 http://econlog.econlib.org/ This website is like library of macroeconomic theory

RW-4 www.nber.org The national bureau of economic research

RW-5 http://www.economicsnetwork.ac.uk/ This website provides data and video lectures which are useful to
understand economic conditions

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
 LTP week distribution: (LTP Weeks)
Weeks before MTE 7
Weeks After MTE 7
Spill Over (Lecture) 7

Detailed Plan For Lectures

Week Lecture Broad Topic(Sub Topic) Chapters/Sections of Other Readings, Lecture Description Learning Outcomes Pedagogical Tool Live Examples
Number Number Text/reference Relevant Websites, Demonstration/
books Audio Visual Aids, Case Study /
software and Virtual Images /
Labs animation / ppt
etc. Planned
Week 1 Lecture 1 Introduction(Economic and T-1 OR-1 Lecture zero: L0: To describe the
Static concept of efficiency) Introduction, concept, importance of
objectives and outcomes economics in the
of the course field of engineering
Lecture 1: concept of L1: Description of
demand, types of concepts of
demand, law of demand, economics covering
graph and slope of law types of demand and
of demand to learn importance
of demand

Introduction(Concepts of T-1 OR-1 Lecture zero: L0: To describe the

demand) Introduction, concept,
objectives and outcomes
of the course
Lecture 1: concept of
demand, types of
demand, law of demand,
graph and slope of law
of demand
importance of
economics in the
field of engineering
L1: Description of
concepts of
economics covering
types of demand and
to learn importance
of demand

Introduction(Law of T-1 OR-1 Lecture zero: L0: To describe the

demand) Introduction, concept,
objectives and outcomes
of the course
Lecture 1: concept of
demand, types of
demand, law of demand,
graph and slope of law
of demand
importance of
economics in the
field of engineering
L1: Description of
concepts of
economics covering
types of demand and
to learn importance
of demand

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 1 Lecture 2 Introduction(Determinants T-1 OR-2 Change in demand, shift Student will learn the beef ban, change
and shift in demand) in demand, graphical situations where the in price of other
difference and various law of demand is not goods, change in
exception of law of applicable income of
demand consumers.
Introduction(Exceptions to T-1 OR-2 Change in demand, shift Student will learn the
the law of demand) in demand, graphical situations where the
difference and various law of demand is not
exception of law of applicable
demand
Lecture 3 Introduction(Price elasticity T-1 OR-3 Concept, applications of Student will learn to Problem solving
of demand) elasticity of demand, solve numerical
types, price income and problems on
cross elasticity of elasticity of demand
demand
Introduction(Income T-1 OR-3 Concept, applications of Student will learn to Problem solving
elasticity of demand) elasticity of demand, solve numerical
types, price income and problems on
cross elasticity of elasticity of demand
demand
Introduction(Cross elasticity T-1 OR-3 Concept, applications of Student will learn to
of demand) elasticity of demand, solve numerical
types, price income and problems on
cross elasticity of elasticity of demand
demand
Week 2 Lecture 4 Introduction(Law of supply) T-1 OR-4 Introduction, concept Student will Case study
and applications of understand the
supply, law of supply concept of supply and
and various factors related factors
affecting supply
Introduction(Factors shifting T-1 OR-4 Introduction, concept Student will
supply curve) and applications of understand the
supply, law of supply concept of supply and
and various factors related factors
affecting supply
Lecture 5 Introduction(Analysis of T-1 OR-5 Introduction, concept Student will learn the Group discussions
changes in market and applications of practical concept of
equilibrium) market equilibrium, market equilibrium
floor price, ceiling price
Lecture 6 Introduction(Indifference T-1 RW-2 Cardinal and ordinal student will learn the
curves) approach, Introduction behavioral approach
and concept of for marketing
indifference curve,
properties and slope

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 3 Lecture 7 Introduction(Budget line) T-1 RW-2 Introduction, concept Students will learn
and applications of the applications of
budget line, consumer budget line day to
equilibrium and slope day life
and its applications
Lecture 8 Macroeconomics(Circular R-1 RW-3 Introduction to Student will learn
flow of income) macroeconomics and its about the basic
importance, circular concept of national
flow of income and income
expenditure in two
sector, three sector and
four sector economy
Lecture 9 Macroeconomics(Meaning R-1 RW-4 Introduction, concept of Student will learn A case study
of national income) national income, how to calculate the
national income national income
aggregates and measure
of national income
Macroeconomics(Concepts R-1 RW-4 Introduction, concept of Student will learn Problem solving
of national income) national income, how to calculate the
national income national income
aggregates and measure
of national income
Week 4 Lecture 10 Macroeconomics(Methods R-1 RW-5 Methods to measure the Student will come to
and problems in measuring national income, know various
national income) product, income and measures to compute
expenditure approach the national income
and the advantages and
disadvantages involved
in each
Lecture 11 Macroeconomics(Concepts R-1 RW-1 Introduction, aggregate Student will
of aggregate demand and demand and aggregate understand the
aggregate supply) supply in two sector, concept of aggregate
three sector and four demand and
sector economy aggregate supply
Lecture 12 Macroeconomics(Meaning R-1 RW-1 Inflation, introduction, Student will Case study
of inflation) meaning, measurement, understand the
control of inflation, inflation and it can be
indexation controlled
Macroeconomics(Types and R-1 RW-1 Inflation, introduction, Student will
measures to control meaning, measurement, understand the
inflation) control of inflation, inflation and it can be
indexation controlled
Week 5 Lecture 13 Market structures(Meaning T-1 RW-5 Introduction, concept of Student will learn the Case study
of perfect competition) R-2 perfect competition, various aspects of
features, demand curve perfect competition
in perfect competition,
price determination
under short run and long
run, shutdown point
An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 5 Lecture 13 Market structures(Features T-1 RW-5 Introduction, concept of Student will learn the
of perfect competition) R-2 perfect competition, various aspects of
features, demand curve perfect competition
in perfect competition,
price determination
under short run and long
run, shutdown point
Market structures(Price T-1 RW-5 Introduction, concept of Student will learn the coupons,
determination under perfect R-2 perfect competition, various aspects of incentives
competition) features, demand curve perfect competition
in perfect competition,
price determination
under short run and long
run, shutdown point
Lecture 14 Market structures(Meaning T-1 RW-4 Meaning of monopoly, Students will learn
of monopoly) Features of monopoly, the various
demand curve in applications of
monopoly, Price monopoly market
determination under
monopoly and types and
sources of monopoly
Market structures(Features T-1 RW-4 Meaning of monopoly, Students will learn Case study
of monopoly) Features of monopoly, the various
demand curve in applications of
monopoly, Price monopoly market
determination under
monopoly and types and
sources of monopoly
Market structures(Price T-1 RW-4 Meaning of monopoly, Students will learn Role play, group
determination under Features of monopoly, the various discussion
monopoly) demand curve in applications of
monopoly, Price monopoly market
determination under
monopoly and types and
sources of monopoly
Market structures(Types and T-1 RW-4 Meaning of monopoly, Students will learn Indian Railways
sources of monopoly) Features of monopoly, the various
demand curve in applications of
monopoly, Price monopoly market
determination under
monopoly and types and
sources of monopoly
Lecture 15 Market structures(Types and T-1 RW-4 Meaning of monopoly, Students will learn Indian Railways
sources of monopoly) Features of monopoly, the various
demand curve in applications of
monopoly, Price monopoly market
determination under
monopoly and types and
sources of monopoly

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 6 Lecture 16 Market structures(Meaning T-1 RW-3 Meaning, concept and Student will learn the
and features of monopolistic features of monopolistic practical aspects of
competition) competitions, demand monopolistic
curve in monopolistic competitions
competitions, price
determination under
monopolistic
competition
Market structures(Price T-1 RW-3 Meaning, concept and Student will learn the
determination under features of monopolistic practical aspects of
monopolistic competition) competitions, demand monopolistic
curve in monopolistic competitions
competitions, price
determination under
monopolistic
competition
Lecture 17 Market structures(Meaning T-1 RW-3 Meaning and types of Students will learn Case study
and types of oligopoly) oligopoly, the practical aspects
characteristics of of oligopoly market
oligopoly, Kinked
demand curve
Market structures T-1 RW-3 Meaning and types of Students will learn
(Characteristics of oligopoly, the practical aspects
oligopoly) characteristics of of oligopoly market
oligopoly, Kinked
demand curve
Lecture 18 Demand forecasting T-1 RW-3 Introduction, meaning, Student will
(Characteristics of forecasts) concept and understand the
Characteristics of applications and
forecasts, Steps to importance of
forecasting, Forecasting deamdn forecasting
methods
Demand forecasting(Steps to T-1 RW-3 Introduction, meaning, Student will
forecasting) concept and understand the
Characteristics of applications and
forecasts, Steps to importance of
forecasting, Forecasting deamdn forecasting
methods
Demand forecasting T-1 RW-3 Introduction, meaning, Student will
(Forecasting methods) concept and understand the
Characteristics of applications and
forecasts, Steps to importance of
forecasting, Forecasting deamdn forecasting
methods
Week 7 Lecture 19 Demand forecasting T-1 Seasonal adjustment, students will learn Problem Solving
(Seasonal adjustments) multiple seasonal how to compute the
method and Forecasting demand forecasting
performance measures

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 7 Lecture 19 Demand forecasting T-1 Seasonal adjustment, students will learn Problem Solving
(Forecasting performance multiple seasonal how to compute the
measures) method and Forecasting demand forecasting
performance measures

SPILL OVER
Week 7 Lecture 20 Spill Over
Lecture 21 Spill Over

MID-TERM
Week 8 Lecture 22 Project management T-1 RW-2 Introduction, features of
(Features of a project) a project, types of
projects, project
appraisal, project
structure
Project management(Types T-1 RW-2 Introduction, features of
of projects) a project, types of
projects, project
appraisal, project
structure
Project management(Project T-1 RW-2 Introduction, features of
appraisal) a project, types of
projects, project
appraisal, project
structure
Project management(Project T-1 RW-2 Introduction, features of
structure) a project, types of
projects, project
appraisal, project
structure
Lecture 23 Project management(Project T-1 L 23: Project scheduling
scheduling through L 24: Concept of critical
PERT/CPM) path, determination of
critical path
Lecture 24 Project management(Project T-1 L 23: Project scheduling
scheduling through L 24: Concept of critical
PERT/CPM) path, determination of
critical path
Week 9 Lecture 25 Time value of money T-1 OR-5 Introduction, simple
(Present worth analysis) interest, compound
interest, Normal and
effective interest rate
and present worth
analysis
Student will be
introduced to project
management and how
it is applicable in
today's busienss
Student will be
introduced to project
management and how
it is applicable in
today's busienss
Student will be
introduced to project
management and how
it is applicable in
today's busienss
Student will be
introduced to project
management and how
it is applicable in
today's busienss
L 23-24: The students Problem solving
will learn the
practical applications
of project scheduling
L 23-24: The students Problem solving
will learn the
practical applications
of project scheduling
Student will learn the Problem solving
numerical aspects of
time value of money

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 9 Lecture 25 Time value of money T-1 OR-5 Introduction, simple Student will learn the Problem solving
(Normal and effective interest, compound numerical aspects of
interest rate) interest, Normal and time value of money
effective interest rate
and present worth
analysis
Lecture 26 Time value of money(Future T-1 Annuity, present value To learn the practical Problem solving
worth analysis) of annuity, future value importance of
of annuity annuity in day to day
life
Time value of money T-1 Annuity, present value To learn the practical Problem solving
(Annual cash flow analysis) of annuity, future value importance of
of annuity annuity in day to day
life
Lecture 27 Time value of money(Rate T-1 Rate of return analysis, Student will learn the Problem solving
of return analysis) future value, periods and numerical aspects of
continuous time value of money
compounding
Time value of money T-1 Rate of return analysis, Student will learn the Problem solving
(Continuous compounding) future value, periods and numerical aspects of
continuous time value of money
compounding
Week 10 Lecture 28 Capital budgeting(Capital T-1 OR-5 Introduction, capital To understand how
financing and allocation financing and allocation corporate companies
functions) functions, Sources of do manage the funds
capital funds, debt and
equity
Capital budgeting(Sources T-1 OR-5 Introduction, capital To understand how
of capital funds) financing and allocation corporate companies
functions, Sources of do manage the funds
capital funds, debt and
equity
Lecture 29 Capital budgeting(Capital T-1 Capital asset pricing To know how to Problem solving
asset pricing model) model, its applications compute the cost of
and weighted average capital
cost of capital
Capital budgeting(Weighted T-1 Capital asset pricing To know how to Problem solving
average cost of capital) model, its applications compute the cost of
and weighted average capital
cost of capital
Lecture 30 Capital budgeting(Leasing T-1 Various leasing student will compare
decisions) decisions, lease vs debt, the lease and debt
and capital allocations decisions
Capital budgeting(Capital T-1 Various leasing student will compare Live
allocation) decisions, lease vs debt, the lease and debt demonstrations of
and capital allocations decisions budget
presentations

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 11 Lecture 31 Inventory control(Objectives T-1 OR-3 Meaning, objectives of To know about the
of inventory control) inventory control inventory model and
functions of inventory its applications
under stocking and
overstocking of
inventory

Inventory control(Functions T-1 OR-3 Meaning, objectives of To know about the

of inventory) inventory control inventory model and
functions of inventory its applications
under stocking and
overstocking of
inventory

Inventory control T-1 OR-3 Meaning, objectives of To know about the

(Understocking and inventory control inventory model and
overstocking of inventory) functions of inventory its applications
under stocking and
overstocking of
inventory

Lecture 32 Inventory control(Analysis T-1 OR-1 analysis of inventory, To know how to

of inventory) costs involved in calculate the cost
inventory continuous involved in inventory
and periodic review analysis
systems
Inventory control(Costs T-1 OR-1 analysis of inventory, To know how to
involved in inventory) costs involved in calculate the cost
inventory continuous involved in inventory
and periodic review analysis
systems
Inventory control T-1 OR-1 analysis of inventory, To know how to
(Continuous and periodic costs involved in calculate the cost
review systems) inventory continuous involved in inventory
and periodic review analysis
systems
Lecture 33 Inventory control(Economic T-1 economic order quantity To compute various Problem solving
order quantity models) models reorder point measures of
order quantity for inventory control
variable demand

Inventory control(Reorder T-1 economic order quantity To compute various Problem solving
point) models reorder point measures of
order quantity for inventory control
variable demand

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Week 11 Lecture 33 Inventory control(Order T-1 economic order quantity To compute various Problem solving
quantity for variable models reorder point measures of
demand) order quantity for inventory control
variable demand

Week 12 Lecture 34 Indian economy(Overview R-2 Introduction, meaning students will

of Indian economy) and overview of Indian understand the
economy Reforms since various aspects of
independence in various Indian economy
sectors
Indian economy(Reforms) R-2 Introduction, meaning students will
and overview of Indian understand the
economy Reforms since various aspects of
independence in various Indian economy
sectors
Lecture 35 Indian economy R-2 Introduction, meaning Student will learn the Published articles,
(Urbanization) and concept of need of smart city Research articles.
urbanization, rural India concept in India
and smart city concept
Lecture 36 Test
Week 13 Lecture 37 Indian economy R-1 L 37: secotrial economy, Student will know the Debates and
(Unorganized sector) organized and difference between discussions
unorganized sector, organized and
problems of unorganized unorganized sector in
sectors India
L 38: Contingency
lecture
Lecture 38 Indian economy R-1 L 37: secotrial economy, Student will know the Debates and
(Unorganized sector) organized and difference between discussions
unorganized sector, organized and
problems of unorganized unorganized sector in
sectors India
L 38: Contingency
lecture
Lecture 39 Indian economy(External R-1 Introduction, meaning To know the types
sectors) and concept of external and affect of external
sectors and its impact on sector on Indian
Indian economy economy
Week 14 Lecture 40 Indian economy(Challenges T-1 Fiscal Policy, Monetary To know how RBI Debates,group
and issues in monetary and Policy, features, need governs the economy discussions
fiscal policy) and implications on
Indian ecoonomy

SPILL OVER
Week 14 Lecture 41 Spill Over
Lecture 42 Spill Over

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
 Week 15 Lecture 43 Spill Over
Lecture 44 Spill Over
Lecture 45 Spill Over

Scheme for CA:

CA Category of this Course Code is:A0203 (2 best out of 3)

Component Weightage (%)

Assignment - Case based 50
Test 50
Assignment 50

Details of Academic Task(s)

Academic Task Objective Detail of Academic Task Nature of Academic Academic Task Marks Allottment /
Task Mode submission
(group/individuals) Week
Assignment To encourage A combined written report will be submitted by the group Group Offline 30 8 / 11
students to think members on the topic which connects the dots between
analytically and economic news and business decisions to analyse the impact
correlate economic of various economic news or major economic development
concepts with real on the economy and/or business decisions and marks will be
life issues given out of 30 on the basic of peer rating done by the
students.The course instructor will give
the marks out of 30 with the following rubrics: Introduction
(5marks), Sequencing (5marks), Discussion of the topic (5
Marks), links to other readings/references (5 marks), Practical
application
and relating concepts with real world and Conclusion (10
marks).
TOTAL :30

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.
Assignment - Case To enhance the the group of three students each will be given a Group Offline 30 11 / 13
based students to build case justifying some macroeconomic issue. The group will
their own opinion give a written assignment carrying the discussion of the case
about various and the solutions for the same alongwith the peer rating on
fundamental and each student's work in a group. The course instructor will give
crucial economic the marks out of 30 with the following rubrics: Introduction
perspectives. (5marks), Sequencing (5marks), Discussion of the topic (5
Marks), links to other readings/references (5 marks), Practical
application
and relating concepts with real world and Conclusion (10
marks).
TOTAL :30
Test To evaluate the The test would comprise of 6 questions of 5 marks each. The Individual Offline 30 4/5
conceptual clarity subjective test would be comprising of a mix of conceptual
and understanding of and analytical questions. The syllabus would comprise of unit 1
the concepts taught.

An instruction plan is only a tentative plan. The teacher may make some changes in his/her teaching plan. The students are advised to use syllabus for preparation of all examinations. The students are expected to keep themselves
updated on the contemporary issues related to the course. Upto 20% of the questions in any examination/Academic tasks can be asked from such issues even if not explicitly mentioned in the instruction plan.