15ME51 Management and Engineering Economics Notes

15ME51 Management and Engineering Economics Notes

Download VTU CBCS notes of 15ME51 Management and Engineering Economics for 3rd-semester Mechanical Engineering, VTU, Belagavi.

Module 1 – Introduction Management

Following are the contents of module 1 – Introduction

Introduction, definition, Meaning, characteristics  and nature of Management. Scope and Functional areas, science, art of profession  & Administration, Roles, Levels, Development of Management.

Nature, characteristics, importance and purpose of planning process. Types of plans (Meaning Only) – Decision making Importance of planning – steps in planning & planning premises – Hierarchy of plans.

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Download – Module 1 – 15ME51 Management and Engineering Economics Notes

Module 2 – Organizing And Staffing

Following are the contents of module 2 – Organizing And Staffing

Nature and purpose of organization Principles of organization, types, Departmentalization Committees, authority, responsibility.

Meaning and nature of directing Leadership and Controlling styles, Motivational Theories, Meaning and importance of Communication, coordination and Techniques of Co Ordination of meaning and importance.

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Download – Module 2 – 15ME51 Management and Engineering Economics Notes

Module 3 – Engineering and economics

Following are the contents of module 3 – Engineering and economics

Introduction to Engineering and economics, decision making and problem solving. Difference between Micro & Macroeconomics, equilibrium between demand & supply, demand, price elasticity, income elasticity.

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Download – Module 3 – 15ME51 Management and Engineering Economics Notes

Module 4 – Present, future and annual worth and rate of returns

Following are the contents of module 4 – Present, future and annual worth and rate of returns

Basic present worth of comparisons, Present worth, Assets, future worth, payback, Equivalent annual worth, situations for annual worth comparisons.

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Module 5 – Costing and depreciation

Following are the contents of module 5 – Costing and depreciation

Introduction, definition, basic concepts and principles of Costing and depreciation.

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