7EE9 INDUSTRIAL ECONOMICS & MANAGEMENT

1

Money Banking and Trade:

Functions of money, supply & demand for money, money price

level & inflation, black money, meaning, magnitude & consequences. Functions of

Commercial banks, banking system in India, shortcomings and improvements.. Function of

RBI, monetary policy-making, objectives and features. Sources of public revenue, principles

of taxation, direct and indirect taxes, Theory of international trade, balance of trade and

payment, Foreign exchange control, devaluation New economic policy: Liberalization,

extending privatization, globalization.

2

Management Principles:

Management functions, responsibilities of management to society,

development of management thought. Nature of planning, decision making, management by

objectives, Line and staff authority relationships, decentralization and delegation of authority,

span of management,

3

Production Management:

Production planning and control, inventory control, quality control

and Total quality management. Tools of project management - CPM, PERT, project

information systems. Marketing functions, management of sales and advertising marketing

research.

4

Human Resource Management:

Function, application of industrial psychology for selection,

training and recruitment. Communication process, media channels and barriers to effective

communication, theories of motivation, leadership.

5

Finance and Account Management:

Engineering Economics:

Investment decision, present

worth, annual worth and rate of return methods. Payback time. Need for good cost accounting

system, cost control techniques of financial control, financial statements, financial ratios,

break-even analysis, budgeting and budgetary control.