Course on Management and Economics
About Course
Management and Economics examines the issues how the organisations and economy function, and how the resources are allocated and coordinated to achieve the organisation’s objectives.Management and Economic bridges the economic theory and economics in practice at top management level. Thus, managerial economics deals with the application of the economic concepts, theories, tools, and methodologies to solve practical problems in a business organization since managerial economics is the combination of economics theory and managerial theory.Thus, attending this course,management staff will gain theoretical knowledge about how the managerial skill and knowledge of economics will help at the top management to make decisions to sustain their brand in the competitive market with improving the standard of product quality and thereby helping the staff, public and the society to improve the standard of living.
Course Content
Introduction to Management
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Management: Introduction – Meaning – nature and characteristics of Management, Scope and Functional areas of management – Management as a science, art of profession – Management & Administration – Roles of Management, Levels of Management, Development of Management Thought- early management approaches – Modern management approaches. Planning: Nature, importance and purpose of planning process Objectives – Types of plans (Meaning Only) – Decision making Importance of planning – steps in planning & planning premises – Hierarchy of plans.
Organizing and Staffing
Introduction to Engineering and economics
Engineering and economics continued
Costing and depreciation
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