15ME51 Management and Engineering Economics Notes
Download VTU CBCS notes of 15ME51 Management and Engineering Economics for 3rd-semester Mechanical Engineering, VTU, Belagavi.
Module 1 – Introduction Management
Following are the contents of module 1 – Introduction
Introduction, definition, Meaning, characteristics and nature of Management. Scope and Functional areas, science, art of profession & Administration, Roles, Levels, Development of Management.
Nature, characteristics, importance and purpose of planning process. Types of plans (Meaning Only) – Decision making Importance of planning – steps in planning & planning premises – Hierarchy of plans.
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Module 2 – Organizing And Staffing
Following are the contents of module 2 – Organizing And Staffing
Nature and purpose of organization Principles of organization, types, Departmentalization Committees, authority, responsibility.
Meaning and nature of directing Leadership and Controlling styles, Motivational Theories, Meaning and importance of Communication, coordination and Techniques of Co Ordination of meaning and importance.
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Module 3 – Engineering and economics
Following are the contents of module 3 – Engineering and economics
Introduction to Engineering and economics, decision making and problem solving. Difference between Micro & Macroeconomics, equilibrium between demand & supply, demand, price elasticity, income elasticity.
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Module 4 – Present, future and annual worth and rate of returns
Following are the contents of module 4 – Present, future and annual worth and rate of returns
Basic present worth of comparisons, Present worth, Assets, future worth, payback, Equivalent annual worth, situations for annual worth comparisons.
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Module 5 – Costing and depreciation
Following are the contents of module 5 – Costing and depreciation
Introduction, definition, basic concepts and principles of Costing and depreciation.
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