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B. Tech. (Third Semester) Automobile Engg. HUM-201E: Basics of Economics and Management Sessional Theory Total Duration :50 marks :100 marks : 150 marks : 3 hours

Unit-I

Meaning of Industrial Economic, production function, its types, least cost combination, law of variable proportion, law of returns; increasing, constant & Diminishing.

Fixed & variable costs in short run & long run, opportunity costs, relation between AC & MC. U-shaped short run AC curve.

Price & output determination under monopoly in short run & long run, price discrimination, price determination under discriminating Monopoly, comparison between Monopoly & perfect competition.

Unit- II Meaning of management, characteristics of management, management Vs administration, management – Art, Science & Profession, Fayol’s principles of management. Human relations approach. Functions of management.

Unit-III

Planning & Organizing

Planning, steps in planning. Planning premises, difference between planning policy & strategy. Authority & responsibility, centralization & decentralization.

Unit-IV

Staffing, directing & controlling – Manpower planning, Recruitment & section styles of leadership, communication process and barriers, control process and steps in controlling.

Note: - Eight questions are to be set taking two from each unit. The students are required to attempt five questions in all taking at least one from each unit.

SCHEME OF STUDIES & EXAMINATION rd B.TECH. 3 year Automobile Engg. Semester-V S. No Course No. Course Title Teaching Schedule Marks for class work Total Marks for exam Marks

L

T

P Total

Theory

Practical

1 AE-301 E Design of automobile components-I

3

1

-

4

50

100

-

150

2

AE-303 E

Auto electrical Systems

3

1

-

4

50

100

-

150

3

ME-305 E

Heat Transfer

3

1

-

4

50

100

-

150

4

ME-307 E

Industrial Engineering

3

1

-

4

50

100...
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