8EX5-INDUSTRIAL ECONOMICS & MANAGEMENT |
Units: I |
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.
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Units: II |
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, |
Units: III |
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.
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Units: IV |
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.
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Units: V |
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.
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