Engineering Economics and Management — Winter 2019

Differentiate between Microeconomics and Macroeconomics.

Briefly discuss the determinants of supply for any commodity.

Explain: Law of Demand and supply

Define: 1. Sunk Cost 2. Opportunity Cost 3. Implicit Cost

Differentiate between Monopoly and Perfect competition.

Explain the law of variable production with suitable example.

Explain principle of “Maslow’s need of hierarchy”.

Explain the role of CRR as the important controlling tool of RBI.

Discuss the functions of money.

What are the causes of poverty and which measures should be taken to reduce poverty?

Which are the different measures for national income? Discuss briefly.

Explain briefly: Price determination in oligopolistic market.

Discuss: Product layout with its advantages and disadvantages.

Explain “Moving Average Method” as quantitative tool of forecasting.

Short note: Role of financial management in economics

Which measures are to be applied to control inflation? Discuss.

What are the short term finance sources?

Briefly explain Break Even Analysis.

Discuss: Business ethics and its importance in corporate world.

Discuss the importance of planning as tool of function of management.

Discuss the contribution of Gillberths.

Explain skills and role of required by managers.

Discuss the advantages of matrix organization.

Explain: Span of Control.

Explain 4P’s of marketing in details.