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Sem 6 - INDUSTRIAL MANAGEMENT & ECONOMICS


PART A: INDUSTRIAL MANAGEMENT
Module 1
Modern concept of Management: Scientific management-Functions of management-Planning-Organising- Staffing-Directing- Motivating- Communicating- Co-ordinating- Controlling-Organisational structures- Line, Line and staff and Functional relationships- Span of control- Delegation- Management by Objectives.
Module 2
Personnel management: Objectives and functions of personnel management- Recruitment-Selection and training of workers- Labour Welfare- Industrial Fatigue- Industrial disputes-Trade Unions- Quality circles. Formation of companies: Proprietory-Partnership-Joint stock companies- Public sector- Joint sector and Co-operative sector.
Module 3
Marketing Management: Pricing- Promotion- Channels of distribution- Market research-Advertising. Production Management: Batch and mass production- Inventory control- EOQ-Project planning by PERT/CPM- Construction of Network (Basic ideas only).

PART B: ECONOMICS

Module 4
Theory of demand and supply- Price mechanism- Factors of production- Land, labour, capital and organization- National income- Difficulties in estimation- Taxation- Direct and indirect taxes- Progressive and regressive- Black money- Inflation-Causes and consequences.
Module 5
Indian financial system- Reserve bank of India: Functions- Commercial banking system-Development financial institutions- IDBI- ICICI- SIDBI- IRBI- NABARD- Investment institutions-UTI- Insurance companies- Indian capital market- Stock market- Functions- Role of the public sector- Privatisation- Multinational corporations and their impact on the Indian economy.
References
mgu university b.tech syllabus electronics
1. Industrial Management -  O P Khanna, Dhanpat Rai Pub.
2. Industrial Management     -  K.K. Ahuja, Khanna Pub.
3. Marketing Management    -  Philip Kotler, PHI
4. Indian economy                 -  A.N. Agarwal, Wishwa Prakashan
5. Modern economic theory   -  K.K Dewett, Shyam Lal charitable trust.