8 IT 6. INDUSTRIAL ECONOMICS AND MANAGEMENT LAB

Industrial Economics:

1. Introduction:

Nature and significance of Economics. Meaning of Science, Engineering

and Technology and their relationship with economic development.

2. Basic Concept:

The concept of demand and supply. Elasticity of Demand and Supply.

Indifference Curve Analysis, Price Effect, Income Effect and Substitution Effect.

3. Money and Banking:

Functions of Money, Value of Money, Inflation and measures to

control it. Brief idea of functions of banking system, viz., Commercial and central

banking, Business fluctuations.

Management:

4. Introduction:

Definition, Nature and Significance of Management,. Evaluation of

Management thought, Contributions of Max Weber, Taylor and Fayol.

5. Human Behavior:

Factors of Individual Behavior, Perception, Learning and