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Course Detail

Course Name Principles of Economics and Management
Course Code 18HU433
Program M. C. A., M. C. A. ( Offered at Mysuru Campus )
Credits Three
Year Taught 2018
Degree Postgraduate (PG)
School School of Arts and Sciences, School of Engineering
Campus Kochi, Mysuru, Amritapuri


Introduction to Management: Managers and Management – History Module – The HistoricalRoots of Contemporary Management Practices, The Management Environment. Planning:Foundations of Planning – Foundations of Decision Making – Quantitative ModuleQuantitative Decision-Making Aids. Organizing: Basic Organization Designs – Staffing andHuman Resource Management – Career Module Building Your Career – Managing Change,Stress, and Innovation .Leading-Foundations of Individual and Group Behavior – Understanding Work Teams – Motivatingand Rewarding Employees – Leadership and Trust – Communication and Interpersonal Skills.Introduction to Economics: The Firm and Its Goals – Review of Mathematical Concepts usedin Managerial Economics, Supply and Demand – The Mathematics of Supply and Demand,Demand Elasticity – Applications of Supply and Demand, Demand Estimation andForecasting, The Theory and Estimation of Production – The Multiple-Input Case -Expressing the Production Function with the Use of Calculus, The Theory and Estimation ofCost – A Mathematical Restatement of the Short-Run Cost Function – The Estimation of Cost.29Pricing and Output Decisions: Perfect Competition and Monopoly – The Use of Calculus in Pricing and Output Decisions – Break-Even Analysis (Volume-Cost-Profit), MonopolisticCompetition and Oligopoly – Special Pricing Practices.

Text Books

  1. Stephen P, Robbins David A. De Cenzo, “Fundamentals of Management”, Prentice Hall, Sixth Edition, 2008.
  2. Philip K. Y. Young, Steve Erfle and Paul G. Keat, “Managerial Economics: Economic Tools for Today’s Decision Makers”, Pearson, Seventh Edition, 2013.

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