Engineering Economics and Management — Winter 2022

Define fixed cost, variable cost and opportunity cost with example.

Explain Corporate Social Responsibility with its importance.

Discuss Henry Fayol’s 14 administrative principles of management.

Identify various causes of unemployment.

Explain four factors of production.

Interpret equilibrium point, equilibrium price, equilibrium quantity, surplus of quantity and shortage of quantity using suitable graph.

Interpret price elasticity of demand using suitable graphs.

Define monopoly with its characteristics.

What is poverty? Identify various causes of poverty.

Discuss various component of monetary policy.

Define perfect competition with its characteristics.

What is inflation? Identify various causes of inflation.

Discuss various component of fiscal policy.

Define organizational structure and enlist various types of organizational structure.

Define personal income and discuss GDP.

Discuss various functions of management.

Define Span of Control with example.

Define disposal income and discuss GNP.

Discuss matrix organizational structure with it’s merits and demerits.

Explain importance of marketing management.

Explain 4 P’s of marketing.

Discuss Man Power Planning process.

Explain importance of financial management.

Explain various sources of finance.

Discuss various factors affecting plant location selection.