Name: Note for Engineering Economics - EE By Pranati Mohapatra
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Author: Pranati Mohapatra

Nature, Scope, Basic problems of an economy, Micro
Economics and Macro Economics.
Demand- Meaning of demand, Demand function, Law of Demand and its
exceptions, Determinants of demand

Basic Problems Of An Economy

Elasticity of demand & its measurement (Simple
numerical problems to be solved ), Supply-Meaning of supply, Law of supply and its
exception, Determinants of supply

Elasticity Of Demand

Elasticity of supply, Determination of market
equilibrium (Simple numerical problems to be solved)

Elasticity Of Supply

Production-Production function, Laws of returns: Law of variable proportion,
Law of returns to scale

Production

Cost and revenue concepts, Basic understanding of different market structures,
Determination of equilibrium price under perfect competition (Simple numerical
problems to be solved), Break Even Analysis-linear approach (Simple numerical
problems to be solved)

Market

Banking ,Commercial bank, Functions of commercial bank

Commercial Bank

Central Bank

Inflation,Meaning of inflation, types, causes, measures to control inflation

Inflation

National Income,Definition, Concepts of national income, Method of measuring
national income

National Income

Time value of money, Interest - Simple and compound, nominal and effective
rate of interest, Cash flow diagrams

Note for Engineering Economics - EE By Pranati Mohapatra

BPUT ·

EE

· 2018