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COURSE PLAN
L T P C
Course Code: PMEO Course Name: B. Tech –ADE,PIE 3 0 0 3
401 Course : Economics and Life cycle Concepts
Pre-requisites/Exposure Mathematics
Co-requisites
A. Course Objectives
1. To help the students understand the fundamentals and relevance of accounting and
economics in the context of engineering sciences in general, and automotive engineering
in particular
2. To enable students to understand prepare and analyze the corporate financials
3. To empower students with the understanding of Sources of raising capital, its investment
and making Capital Budgeting decision and the time value of money.
4. To expose students to the scope of engineering economics, break even analysis, make
or buy decision and elementary economic analysis
5. To equip students with necessary engineering skills related to depreciation of assets, its
valuation and Replacement and Maintenance Analysis
B. Course Outcomes
On completion of this course, the students will be able to
CO1. Understand the role of economics in decision-making
CO2. Estimate the Present, annual and future worth comparisons using cash flow diagrams.
CO3. Compute the depreciation of an asset using standard depreciation techniques to assess
its impact on present or future value.
CO4. Study the replacement and maintenance analysis
C. Catalog Description
D. Economics, Accounting and Finance are important in many ways for engineering discipline.
The highly multidisciplinary nature of the subject can be gauged from the fact that it covers
the basic concept of economics. The current course covers the fundamental background in
the economics, Accounting and Finance with a special emphasis on applications of
Economics and Financial aspects of Business, as relevant to engineering sciences in general
and automotive engineering in particular. The course begins with a description of different
aspects of Economics discipline. The students will learn the basic concepts of Economics and
then they will be familiarized with Engineering Efficiency and Economic Efficiency. The
students will also get an idea about the basic concepts of accounting, break-even analysis
and different cost concepts. Further, being a rigorous course on problem solving, it will
acquaint students with Depreciation accounting, sources to raise money, cost involved in
raising funds, its allocation and Capital budgeting decision. They will also get an insight into
Make or Buy decisions and replacement analysis.
Table: Correlation of POs, PSOs v/s COs for Mechanical
Weightage (%) 30 20 50
F1. Internal Assessment Record Sheet (including Mid Term Examination marks) will be
displayed online at the end of semester i.e. last week of regular classroom teaching.
F2. CLASS TESTS/QUIZZES: Two Class Tests based on descriptive type theoretical &
numerical questions and.
F3. ASSIGNMENTS: One assignment will be given before midterm examination and one
before the end term examination. Those who fail to submit the assignments by the due
date shall lose their marks.
F4. GENERAL DISCIPLINE: Based on student’s regularity, punctuality, sincerity and
behavior in the class.
The marks obtained by the students will be displayed on LMS at the end of semester.
F5. MID TERM EXAMINATION: WEIGHTAGE – 20%
Mid Term examination shall be Two Hours duration and shall be a combination of Short
and Long theory Questions.
Date of showing Mid Term Examination Answer Sheets: Within a week after
completion of mid Sem examination.
F6. END TERM EXAMINATION: WEIGHTAGE – 50%
End Term Examination shall be Three Hours duration and shall be a combination of
Short and Long theory/numerical Questions.
F7. GRADING:
The overall marks obtained at the end of the semester comprising all the above three
mentioned shall be converted to a grade.
I. PEDAGOGY:
J. SUGGESTED READINGS:
I1. TEXT BOOK:
1. Engineering Economics and costing by D.M. Mithani and Suresh Chandra Das
K. OTHER RESOURCES
1. https://nptel.ac.in/downloads/112107209/
I2. WEB RESOURCES:
1. https://nptel.ac.in/courses/112107209/
GUIDELINES
Cell Phones and other Electronic Communication Devices: Cell phones and other electronic
communication devices (such as Blackberries/Laptops) are not permitted in classes during Tests
or the Mid/Final Examination. Such devices MUST be turned off in the classroom.
E-Mail and online learning tool: Each student in the class should have an e-mail id and a
password to access the LMS system regularly. Regularly, important information – Date of
conducting class tests, guest lectures, via online learning tool. The best way to arrange meetings
with us or ask specific questions is by email and prior appointment. All the assignments
preferably should be uploaded on online learning tool. Various research papers/reference
material will be mailed/uploaded on online learning platform time to time.
Attendance: Students are required to have minimum attendance of 75% in each subject.
Students with less than said percentage shall NOT be allowed to appear in the end semester
examination.
Course outcome assessment: To assess the fulfilment of course outcomes two different
approaches have been decided. Degree of fulfillment of course outcomes will be assessed in
different ways through direct assessment and indirect assessment. In Direct Assessment, it is
measured through quizzes, tests, assignment, Mid-term and/or End-term examinations. It is
suggested that each examination is designed in such a way that it can address one or two
outcomes (depending upon the course completion). Indirect assessment is done through the
student survey which needs to be designed by the faculty (sample format is given below) and it
shall be conducted towards the end of course completion. The evaluation of the achievement
of the Course Outcomes shall be done by analyzing the inputs received through Direct and
Indirect Assessments and then corrective actions suggested for further improvement.
Passing criterion:
• For UG-Students: Scoring less than 35 absolute marks in individual course either in
end semester examination or as composite score shall be awarded as ‘F’
• For PG-Students: Scoring less than 40 absolute marks in individual course either in
end semester examination or as composite score shall be awarded as ‘F’
• For UG & PG: Students scoring 85 marks and above as composite score (IA+MS+ES)
shall be awarded as the highest grade as ‘O’ i.e., Outstanding (on 10 point Scale) and
‘A’ i.e., Outstanding (on 4 point Scale)
Sample format for Indirect Assessment of Course outcomes
NAME:
ENROLLMENT NO:
SAP ID:
COURSE:
PROGRAM: