WCE Mechanical Curriculum

Walchand College of Engineering,
Sangli
(Government Aided Autonomous Institute)
Course Contents (Syllabus) for
Third Year B. Tech.

(Mechanical Engineering)
Sem - V to VI
AY 2020-21
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Title of the Course: Fundamentals of Management and L T P Cr
Economics for Engineers Course Code:4HS307 4 0 0 4
Desirable Courses: Management Functions, Economics for Engineers
Textbooks:
1. Koontz and O’Donnell, Principles of Management
2. Joseph Messie, Essentials of Management
3. R. Paneerselvam, Engineering Economics, PHI Learning Pvt. Ltd.
4. Datta, Sundaram, Indian Economy, S. Chand
5. Mishra, Puri, Business Economics, Himalaya Publishing House
References:
1. Heinz Weiharich, Management, 12th Edition
2. Julie Nelson, Economics for Humans
3. Matthew Bishop, Essential Economics
Course Objectives :
1. To introduce concepts involved in management and economics.
2. To impart knowledge about practicing aspects of management and economics.
3. To develop students towards identifying rational solutions for managerial and economic
problems.
4. To prepare students for working as team member and team leader.
Course Learning Outcomes:
After the completion of the course the student should be Bloom’s Cognitive
CO
able to Level Descriptor
Perceive and describe management theories and
CO1 approaches as well as economics terminologies. II Understanding
Solve industrial and business problems by grasping market
CO2 scenario and using skills related to operations, financial III Apply
and human resource management.
Design strategic plans to overcome managerial and
CO3 economic difficulties faced by management of business VI Analyse
and industrial organisations.
CO-PO Mapping :
PO 1 2 3 4 5 6 7 8 9 10 11 12 PSO1 PSO2
CO1
CO2
CO3
Assessments :
Teacher Assessment:
Two components of In Semester Evaluation (ISE), One Mid Semester Examination (MSE) and one
End Semester Examination (ESE) having 20%, 30% and 50% weights respectively.
70
Assessment Marks
ISE 1 10
MSE 30
ISE 2 10
ESE 50
ISE 1 and ISE 2 are based on assignment/ test/ quiz/seminar/ Group discussion/ oral, etc.
MSE: Assessment is based on 50% of course content (Normally first three modules)
ESE: Assessment is based on 100% course content with 60-70% weightage for course content
(normally last three modules) covered after MSE.
Course Contents:
Module 1: Introduction to Management and its Processes Hrs.
Introduction, history, characteristics, and functions of management; Different approaches to
management; Administration and management; Functions and Principles of Management 10
The Manager: functions and role; Challenges for management in global scenario.
Module 2: Leadership, Motivation and Group Dynamics Hrs.
Leadership: Introduction, Characteristics, Qualities of a Successful Leader, Leadership
Styles, Leadership Continuum, Contingency Approach to Leadership, Leadership
Effectiveness.
Motivation: Concept, Need and theories (Maslow’s hierarchy of needs, Theory X and 8
Theory Y, Herzberg’s Two Factor Theory).
Group Dynamics: Introduction, Classification of Group, Functions of the Groups,
Principles of the Group Dynamics, Group Cohesiveness
Module 3: Functional Areas and Recent Trends in Management Hrs.
Sources of funds, financial statements (Types and contents)
Functions of HRM, recruitment, selection, Training-types, performance appraisal
Operations management-Plant layout, production systems, site selection, productivity,
8
inventory control and TQM
Recent Trends: Change management, supply chain management, digital marketing,
management in Post-Covid scenario.
Module 4: Management audit and Business/ Professional ethics Hrs.
Management Audit: Objectives, need of management audit,
Business Ethics: Need, Concept and elements, importance, characteristics & principles of
business ethics, advantages of managing ethics in workplace, Ethics in business, Role of 9
ethics in organizational culture, Challenges of business ethics and corporate leadership,
Ethical principles in business – Indian perspective.
Module 5: Introduction to Economics Hrs.
Basic Concepts of Economics: Definition & Scope of Economics, Few Fundamental
Concepts, Demand, Supply, Equilibrium, Law of demand, Theory of Production, Theory
of Cost. 9
Market: Various Forms of Market, Concepts of Total Revenue, Average Revenue &
Marginal Revenue, Pricing in Perfect and imperfect Competition, Applications on Basic
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Concepts of Economics and Market.
Indian economics: Features, sectors of economy, economic planning, GST
Module 6: Engineering Economics Hrs.
Elasticity of demand, Giffen goods, Demand forecasting methods, Factors of production,
economies and diseconomies of scale, Utility curve, consumer surplus, break even analysis
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Balance of payment, GDP, National Income, PCI, GGDP
Inflation-Concept, types, causes and controlling measures
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Walchand College of Engineering,

Course Contents (Syllabus) for

Third Year B. Tech.

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