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    ESS Syllabus-1

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    pushkar.23182016
    This document provides information about the Economics and Social Sciences course HS 203. It is a 3 credit core course offered in the 3rd semester to mechanical engineering students. The course involves 3 hours of lectures per week over a semester for a total of 36 contact hours. The objectives are to understand the economic aspects of engineering and evaluate proposals in terms of cost and worth. The course content covers 5 units - definitions of economics, utility and demand, production factors and costs, market types, and the Indian and global economy. Assessment involves 40% continuous evaluation and 60% semester end examination. Suggested textbooks are listed for additional reference.

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    ESS Syllabus-1

    Uploaded by

    pushkar.23182016
    7 views2 pages
    This document provides information about the Economics and Social Sciences course HS 203. It is a 3 credit core course offered in the 3rd semester to mechanical engineering students. The course involves 3 hours of lectures per week over a semester for a total of 36 contact hours. The objectives are to understand the economic aspects of engineering and evaluate proposals in terms of cost and worth. The course content covers 5 units - definitions of economics, utility and demand, production factors and costs, market types, and the Indian and global economy. Assessment involves 40% continuous evaluation and 60% semester end examination. Suggested textbooks are listed for additional reference.

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    This document provides information about the Economics and Social Sciences course HS 203. It is a 3 credit core course offered in the 3rd semester to mechanical engineering students. The course involves 3 hours of lectures per week over a semester for a total of 36 contact hours. The objectives are to understand the economic aspects of engineering and evaluate proposals in terms of cost and worth. The course content covers 5 units - definitions of economics, utility and demand, production factors and costs, market types, and the Indian and global economy. Assessment involves 40% continuous evaluation and 60% semester end examination. Suggested textbooks are listed for additional reference.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    7 views2 pages

    ESS Syllabus-1

    Uploaded by

    pushkar.23182016
    This document provides information about the Economics and Social Sciences course HS 203. It is a 3 credit core course offered in the 3rd semester to mechanical engineering students. The course involves 3 hours of lectures per week over a semester for a total of 36 contact hours. The objectives are to understand the economic aspects of engineering and evaluate proposals in terms of cost and worth. The course content covers 5 units - definitions of economics, utility and demand, production factors and costs, market types, and the Indian and global economy. Assessment involves 40% continuous evaluation and 60% semester end examination. Suggested textbooks are listed for additional reference.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Course Title: Economics and Social Sciences Course Code : HS 203

    Semester : III Core / Elective :University


    Core
    Teaching Scheme in Hrs (L:T:P) : 3:0:0 Credits : 3 Credits
    Type of course : Lecture + Total Contact Hours : 36
    Assignments
    Continuous Internal Evaluation : 40 Marks SEE : 60 Marks
    Programmes: B.TECH (MECHANICAL ENGINEERING)
    Course Objective
     To understand the significance of the economic aspects of engineering and to become proficient
    in the evaluation of engineering proposals in terms of worth and cost
     To help students to grasp various economics concepts and theories towards making economic
    decision.

    Units Course Contents Hours


    I Definition of Economics - various definitions, Nature of Economic problem,
    Production possibility curve, Economic laws and their nature. Relation between
    Science, Engineering, Technology and Economics. 7
    Concepts and measurement of utility, Law of Diminishing Marginal Utility, Law of
    equi-marginal utility - its practical application and importance
    II Meaning of Demand, Individual and Market demand schedule, Law of demand,
    shape of demand curve, Elasticity of demand, measurement of elasticity of demand,
    factors effecting elasticity of demand, practical
    7
    importance & applications of the concept of elasticity of demand.
    Meaning of production and factors of production; Law of variable proportions,
    Returns to scale, Internal and External economics and diseconomies of scale.
    III Various concepts of cost - Fixed cost, variable cost, average cost, marginal cost,
    money cost, real cost opportunity cost. Shape of average cost, marginal cost, total
    cost etc. in short run and long run. 7
    Meaning of Market, Types of Market - Perfect Competition, Monopoly, Oligoply,
    Monoplistic Competition (Main features of these markets)
    IV Supply and Law of Supply, Role of Demand & Supply in Price Determination and
    7
    effect of changes in demand and supply on prices.
    V Nature and characteristics of Indian economy (brief and elementary introduction),
    Privatization - meaning, merits and demerits. Globalization of Indian economy -
    7
    merits and demerits. Elementary Concepts of VAT, WTO,
    GATT & TRIPS agreement
    Total 35
    Text Books:
    1, Vengedasalam, Deviga. Madhavan, Karunagaran, Principles of Economics, Oxford University Press.
    2. R. Paneer Seelvan, “ Engineering Economics”, PHI
    3. Ahuja,H.L., “Principles of Micro Economics” , S.Chand & Company Ltd
    4. Riggs,J.L., Bedworth and Randhwa, “Engineering Economics”, McGraw Hill Education India
    5.Paul, R.R., Money, Banking and International Trade, Kalyni Publishers
    Ref. Books
    1.Park, Chan.S, “Fundamental of Engineering Economics”, Pearson.
    2. Engineering Economy by William G.Sullivan, Elin M.Wicks, C. Patric Koelling, Pearson
    3. Thuesen, G.J.,Fabrycky,. Engineering Economy, PHI.
    4.Jhingan,M.L., “Macro Economic Theory”, Vrinda Publications Ltd

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