Course on Management and Economics

  • Categories Mechanical
  • Duration 40h
  • Total Enrolled 0
  • Last Update March 15, 2020

About Course

This course deal with the fundamental concepts and principles of management and applications of economics in an organization.


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.

What Will I Learn?

  • After completion, the course will,help the managerial staff to understand the needs, functions, roles, scope and evolution of Management.
  • Understand the importance, purpose of planning and hierarchy of planning.
  • Able to know the role of Decision making, Organizing, Staffing, Directing and Controlling.
  • Decide the best economic model from other available alternative sand implement the suitable one.
  • Estimate various depreciation values of commodities.
  • Prepare the project reports effectively.

Topics for this course

5 Lessons40h

Introduction to Management

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

About the instructor

Dr. Jagadish T

Director, Research and Development

0 (0 ratings)

54 Courses

5 students



  • The prerequisites required are basic knowledge of mathematics and economics.

Target Audience

  • Engineers/management working professional from any industries can participate.
Virtual Engineering
# 28 (Old No 619/1), 2nd Floor
36th Cross, 2nd Block, Rajajinagar
Bangalore-560010 India