SHARDA UNIVERSITY, GREATER NOIDA

SCSHOOL OF BUSINESS STUDIES

SCHOOL: TEACHING ACADEMIC SESSION FOR STUDENTS BATCH

SCHOOL OF DEPARTMENT: : 2015 2016 B.Tech.
BUSINESS STUDIES GENERAL
MANAGEMENT
1 Course number
HMM 208

2 Course Title
Economics for Engineers. Code- HMM 208

3 Credits
03

4 Learning Hours
L-T-P 3-0-0

5 Course Objective The course aims:

To expose the students to different dimensions of economy policies.
To familiarize them with micro economic environment in which business
entities operate
To enable them to understand economic policies of India
To familiarize them with the concepts of international business
To understand the implications of economic policies on the business
To enable them take managerial decisions, under different constraints, posed
by the economic environment.
6 Course Outcomes
On successful completion of this module students will be able to:
1. Understand the key concepts pertaining to microeconomics and understand
the managerial decision making process.
2. Explain how prices adjust to shifts in the determinants of the underlying
supply and demand structures.
3. Demonstrate a sound understanding of market stakeholders.
4. Analyse the economic environment in which business entities operate.
5. Understand how managerial decisions can vary under different constraints
6. Apply modern principles and methods of microeconomics to real-world
business problems
7. Enable the students to understand concepts related to business economics
8. Help the students learn market structures
9. Expose students to macroeconomic policies and enables them to take
decision related to business
7 Outline syllabus
7.0 Introduction to economics
1 HMM206.A Unit A
Managerial Economics concepts: scarcity, needs, desire,
7.0 want, choice, demand, utility, cardinal and ordinal utility,
2 HMM206.A1 Unit A Topic 1 consumer surplus
Demand and Supply:
-Factors affecting demand and Supply.
-Law of demand and supply.
-Demand and supply curve & Change in demand and
change in quantity demanded.
7.0
3 HMM206.A2 Unit A Topic 2 -Equilibrium Analysis.
Elasticity of Demand and Supply:
-Concept of elasticity, utility of elasticity in decision
making.
7.0
4 HMM206.A3 Unit A Topic 3 -Price elasticity of demand and supply.
7.0 Cost and Revenue
5 HMM206.B Unit B
7.0 -Types of costs
6 HMM206.B1 Unit B Topic 1
7.0 -Types of revenues
7 HMM206.B2 Unit B Topic 2
7.0 -Graphical representation of Total cost and revenue for
8 HMM206.B3 Unit B Topic 3 decision making (equilibrium analysis)
7.0 Market Structure
9 HMM206.C Unit C
7.1 -Perfect Competition: characteristics, price and output
0 HMM206.C1 Unit C Topic 1 decision making
-Imperfect Competition I: Types of imperfect competition.
7.11 HMM206.C2 Unit C Topic 2 Monopoly: Price and Output decisions.
7.1 -Imperfect Competition: Oligopoly. Equilibrium analysis
2 HMM206.C3 Unit C Topic 3
7.1 Business Economics
3 HMM206.D Unit D
7.1 -Inflation and deflation
4 HMM206.D1 Unit D Topic 1
7.1 - Fiscal and Monetary Policies
5 HMM206.D2 Unit D Topic 2
7.1 -National Aggregates: GDP, NNP, Per capita Income etc.
6 HMM 206.D3 Unit D Topic 3
7.1 Impact of Economic Policies on Business
7 HMM 206.E Unit E
7.1 - Business and EXIM Policy
8 HMM 206.E1 Unit E Topic 1
7.1 -Exchange rate
9 HMM 206.E2 Unit E Topic 2
7.2 - Balance of Payment, Surplus and Deficit
0 HMM 206.E3 Unit E Topic 3

8.01 Course Evaluation HMM 206

8.02 Continuous 40%
Assessment
9.01 MTE 20 %
9.02 ETE 40 %
9.03 References
9.04 Text book* 1. Schaums Outlines: Micro Economic Theory, Dominick Salvator, fourth
Edition, Tata McGraw-Hill,

2. Schaums Outlines: Macro Economics, Eugene Diulio, fourth Edition,

Tata McGraw-Hill,

3. Schaums Outlines: Micro Economic Theory, Dominck Salvatore,

fourth Edition, Tata McGraw-Hill.
9.05 Other references 1. Managerial Economics by Petersen, Lewis and Jain 4th edition,
Pearson

2. Economics by Paul A. Samuelson 19th edition, Tata McGraw Hill

Mapping of Outcomes vs. Topics

Outcome no. 1 2 3 4 5 6 7 8
Syllabus
topic
HMM206.A
HMM206.A1

HMM 206.A2

HMM206.A3
HMM206.B
HMM206.B1

HMM206.B2

HMM206.B3
HMM206.C
HMM206.C1

HMM206.C2

HMM206.C3
HMM206.D
HMM206.D1

HMM206.D2

HMM206.D3
HMM206.E
HMM206.E1

HMM206.E2

HMM206.E3

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