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Industrial Economics and Principles of Management

(THU 501)

 

industrial Economics:
Unit –1.Introduction: Nature and significance of Economics. Meaning of Science, Engineering and Technology and their relationship with economic development.
Unit –2. Basic Concept: The concept of demand and supply. Elasticity of Demand and Supply. Indifference Curve Analysis, Price Effect, Income Effect and Substitution Effect.
Unit –3. Money and Banking: Functions of Money, Value of Money, Inflation and measures to control it. Brief idea of functions of banking system, viz., Commercial and central banking, Business fluctuations.
Management:
Unit –4. Introduction: Definition, Nature and Significance of Management,. Evaluation of Management thought, Contributions of Max Weber, Taylor and Fayol.
Unit –5. Human Behaviour: Factors of Individual Behaviour, Perception, Learning and Personality Development, Interpersonal Relationship and Group Behaviour.
References:
1. Dewett, K.K. / Modern Economic Theory/S.Chand & Co.
2. Luthers Fred/ Organizational Behaviour.
3. Prasad L.M./ Principles of Management.
4. A.W. Stonier & D.C. Horgne / A TextBook of Economic Theory/ Oxford Publishing House Pvt. Ltd.

 
 

 
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