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 Personality
Development, Interpersonal Relationship and Group Behavior.