GTU Paper Analysis (New Syllabus)

Engineering Economics and Management (2140003)

Paper Analysis

Chapter 1 – Introduction to Economics

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MAY – 15

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Sr. No. Questions

1. Explain the term “economics” and in the context of economics, explain the meaning of markets and 7
their characteristics.
2. Differentiate between Microeconomics and Macroeconomics. 7 3 3
3. Explain the concept of “demand” and “supply” in the context of economics and also explain the 7 7 3
equilibrium between demand and supply.
4. Explain the word “elasticity” in the context of demand. 3 4 4
5. Write short note on scope of economics. 4
6. State the law of demand and its exceptions. 3 4

Chapter 2 – Theory of Production

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Sr. No. Questions

1 Explain the concept of Break-Even Analysis with suitable example. 7 3 3 7 7

2 Explain various factors of production. 7

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 1
 GTU Paper Analysis (New Syllabus)
3 Explain various laws of production 7
4 Explain about total, fixed and variable cost. 3 7 4

Chapter 3 – Market

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Sr. No. Questions

1. Define Market. Explain different types of Markets. 7

2. Discuss the stock and flow concept of national income. 7
3. Explain “monopolistic competition” with suitable example. 7
4. Write short note on valuation approaches for national income. 4
5. Explain in detail about various methods of computing national income. 7
6. Differentiate the perfect competition and monopolistic competition. 4
7. Define: GDP, National Income and Disposable Income. 3 7

Chapter 4 – Basic economic problems

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Sr. No. Questions

1. Define Poverty. Explain the causes of poverty and measures to reduce the poverty. 7 4
2. List out various economic problems. 3
3. Explain the term” Unemployment”, its types, causes and remedies. 7 3 4 3

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 2
 GTU Paper Analysis (New Syllabus)
4. Differentiate between absolute and relative poverty. 4 3
5. List the causes of Inflation. 4
6. What is the meaning of Inflation? State the measures to be taken to control it. 4 4

Chapter 5 – Money

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Sr. No. Questions

Theory
1. Explain various tools of monetary policy. 7 7 7
2. Write a note on functions of Banks. 7
3. Explain “Fiscal Policy”, its objectives and tools in detail. 7 7 7 4
4. Explain “banking”. Explain the role of RBI and its functions in detail. 7 7 4
5. Explain “repo rate” and “reverse repo rate” 4
6. Explain about different types of money. 3
7. Differentiate between fiscal and monetary policy. 7
8 Discuss the meaning and functions of money in detail. 7

Chapter 6 – Introduction to Management

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MAY – 15

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DEC – 15

DEC - 17
Sr. No. Questions

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 3
 GTU Paper Analysis (New Syllabus)
1. Distinguish between Management and administration 7 7 4
2. Explain the theory of Maslow’s hierarchy of needs 7 7 7 7 7
3. What is “management”? Explain the role of management in any organization. 7 7
4. Explain scientific principles of management in detail. 7 4
5. Enlist Henry Fayol’s fourteen principles of management 3
6. Justify the statement management is combination of a science and art. 7 3
7. Explain the important skills required at various managerial levels. 4
8. Explain various managerial roles described by Mintzberg. 7
9. Explain the types of managers with examples. 4

Chapter – 7 Functions of Management

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Theory
1. Write a note on functions of management 7 7 3
2. Describe the formal organizational structure with levels of management 7
3. Write a note on (i) Matrix organization (ii) Hybrid organization 7 4 4
4. Explain various types of organizations in detail. 7 3 7
5. With proper example, explain the objectives of manpower planning and its process. 7 7
6. With proper examples explain sources of recruitment & process of selection 7
7. What is departmentalization? Also discuss centralization and decentralization. 7 4

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 4
 GTU Paper Analysis (New Syllabus)
8. Explain various sources of recruitment in brief. 4
9. Explain the objectives of manpower planning. 3
10. Which are the factors affecting to the plant layout? 3
11. Explain controlling function of management. 4
12. What is the difference between line and staff organization structures? 4
13. ‘Good planning is half work done.’ Explain 3
14. What are the implications of span of control? 3

Chapter – 8 Marketing and Finance Management

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Sr. No. Questions

Theory
1. Explain the sources of Finance. 7
2. What is marketing? With suitable example explain market segmentation in detail. 7
3. What is finance management? Explain the functions of finance management. 7 7 3 3
4. With suitable example explain market segmentation in detail. 7
5. Differentiate between selling and marketing concept. 4
6. List the Goals of Finance Management. 4
7. Explain 4Ps of marketing mix with suitable example. 4
8. Marketing starts even before the product is ready and continues even after the sale has been made. 7
- Explain.

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 5
 GTU Paper Analysis (New Syllabus)
Chapter – 9 Production and HR Management

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Sr. No. Questions

Theory
1. Discuss the types of Plant Layout. 7 4
2. What do you mean by “production management”. Explain the types of plant layout and also explain 7 3 4
the factors affecting plant layout.
3. Write short note on functions of production management. 7 7
4. Explain objectives of human resource management. 3
5. What is the difference between recruitment and selection? Explain the sources of recruitment. 7 7
6. What is the significance of selecting a good plant location? 3
7. Explain the four factors of production with their characteristics 7
8. Differentiate between Plant Layout and Process Layout. 3
9. What is the importance of Human Resource Management? 4

Chapter – 10 Corporate Social Responsibility

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Sr. No. Questions

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 6
 GTU Paper Analysis (New Syllabus)
Theory
1. With suitable example, explain Corporate Social Responsibility of organization 7 7
2. Many organizations do not have “business ethics” give your comments for the same. 4 3
3. Explain the effect of maintaining business ethics on economics and management. 3
4. Critically justify the statement “Nowadays big organizations are adopting the concept of corporate 4 7
social responsibility”.
5. Write short note on Myths about business ethics. 7
6. Discuss in brief the characteristics of Business Ethics. 3

Applied Fluid Mechanics (2160602)

Department of Mechanical Engineering
Darshan Institute of Engineering & Technology 7