WITH EFFECT FROM THE ACADEMIC YEAR 2010 - 2011
CM 221
MANAGERIAL ECONOMICS AND ACCOUNTANCY
Instruction 4 Periods per week
Duration of University Examination 3 Hours
University Examination 75 Marks
Sessional 25 Marks
UNIT-I
Evolution of economics – Managerial Economics – nature, scope, importance relation to other sciences, usefulness to engineers and basic concepts.
UNIT-II
Demand – Concept, determinants, law of demand, elasticity of demand and types, demand forecasting, markets, competitive structures, price-output determination under perfect competition and monopoly (Simple numerical problems can be asked from elasticity of demand).
UNIT-III
Firm and Industry, Production function-input put relations-laws of returns – internal and external economics of scale, cost and analysis, cost concepts, cost output relationship – Break even analysis, (numerical problems can be asked on calculation of P/V ratio, break-even point, margin of safety and their applications, but excluding decision making problems).
UNIT-IV
Capital, significance, types, determinants and estimation of fixed and working capital requirements, capital budgeting, methods, sources of capital (numerical problems on evaluation of capital budgeting opportunities with traditional and discounted cash flow methods and on estimating working capital requirements can be asked).
UNIT-V
Accounting principles, Journal, Subsidiary Books, Ledger, Trial balance and Preparation of Final Accounts with simple adjustments. (Numerical problems on preparation of final accounts, cash books, petty cash book, bank reconciliation statement).
Suggested Readings:
- 1.Varshney R.L.K.L. Maheswari, Managerial Economics, Sultan Chand.
- 2.JC Pappas and ef Brigham, Managerial Economics.
- 3.Grawal T.S., Introduction to Accountancy.
- 4.Maheswari, S.N., Introduction to Accountancy.
- 5.Pandey, I.M., Financial Management.