GTU Mechanical Engineering (Semester 4)
Engineering Economics & Management
May 2015
Total marks: --
Total time: --
INSTRUCTIONS
(1) Assume appropriate data and state your reasons
(2) Marks are given to the right of every question
(3) Draw neat diagrams wherever necessary


1 (a) Differentiate between Microeconomics and Macroeconomics.
7 M
1 (b) Explain the concept of Break-Even Analysis with suitable example.
7 M

2 (a) Write a note on Elasticity of demand.
7 M
Answer any one question from Q2 (b) & Q2 (c)
2 (b) Explain various factors of production.
7 M
2 (c) Define Market. Explain different types of Markets.
7 M

Answer any two question from Q3 (a), (b) & Q3 (c), (d)
3 (a) Discuss the stock and flow concept of national income.
7 M
3 (b) Define Poverty. Explain the causes of poverty and measures to reduce the poverty.
7 M
3 (c) Explain various tools of monetary policy.
7 M
3 (d) Write a note on functions of Banks.
7 M

Answer any two question from Q4 (a), (b) & Q4 (c), (b)
4 (a) Distinguish between Management and administration.
7 M
4 (b) Explain the theory of Maslow's hierarchy of needs.
7 M
4 (c) Write a note on functions of management.
7 M
4 (d) Describe the formal organizational structure with levels of management.
7 M

Answer any two question from Q5(a), (b) & Q5 (c), (d)
5 (a) Write a note on (i) Matrix organization (ii) Hybrid organization.
7 M
5 (b) Explain the sources of Finance.
7 M
5 (c) Briefly describe various methods of demand forecasting.
7 M
5 (d) Discuss the types of Plant Layout.
7 M



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