WITH EFFECT FROM THE ACADEMIC YEAR 2011 - 2012

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 analysis, cost concepts, cost output relation ship -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)

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