MATHEMETICS & STASTICS FOR MANAGERS Code: P08MS102
Unit-1
Introduction to mathematical models & their need for managerial applications – matrices concepts – basics of arithmetic progression & geometric progression – its application to managerial decision making.
Business functions – basics of differential calculus – marginal functions (Revenue, cost, profit etc) – its application to managerial decision making.
Unit-2
Sampling & data collection – kinds of data - data condensation methods using different graphical methods & tables – unveriate analysis of data using measures of central tendency ( mean, median, mode) – dispersion (SD, co-efficeint of variation) – its application to managerial decision making.
Unit-3
Correlation & regression – types of correlation – methods of studying correlation – rank correlation – regression analysis – scatter diagram – regression line – method of least squares – regression co-efficients – standard error of estimation.
Unit-4
Concepts of probability & probability distribution – basic probability concepts – types of probability – probability rules – baye’s theorem.
Unit-5
Random variables – types of probability distributions – binomial distribution – poisson distribution – normal distribution.
Refernce:
# Mathemetics for Moral Management – Dr. P. Mariappan.
# Statistics for Managers – Levin Ruban
MANAGERIAL ECONOMICS & BUSINESS ENVIRONMENT Code: P08MS104
Unit-1
Intro to business economics – demand & revenue analysis – estimation of demand & frocasting of demand.
Unit-2
Production & cost analysis – price concepts & determenants - pricing in practice – price index & market structure – monitary & fiscal policy.
Unit-3
Intro to business environment – various factors affecting business environment.
Unit-4
Political environment – Indian political philosophy towards business enterprise, annual financial budgets, various factors of government influencing the business policies.
Unit-5
The legal environment – FEMA(Foreign exchange management act) – Export import policy – Indian companies act – law of contracts – consumer protection act & environment protection act – negotiable instrument act – sale of goods act.
Reference:
# Managerial economics by Domnik Salvatore
# Business environment by Francis CherumliumORGANIZATIONAL BEHAVIOUR & PRINCIPLES OF MANAGEMENT Code: P08MS105
Unit-1
Management: definition-basic principles of management-functions of management-evolution of management thought from the early pioneers to modern thinkers.
Unit-2
Organisation: need- hierarchy in an organization and reporting relationship co-ordination – need – techniques- delegation and authority-defenition-meaning, process – techniques, factors affecting – advantages & disadvantages – applicability to different forms of structure.
Unit-3
Definition of behavior – contributing disciplines to organizational behavior – responding to globalization – the individual behavior values, attitudes, personality, emotions, perception learning, motivation, interpersonal behavior.
Unit-4
Group behavior : terms, communication, organizational rules, power authority and status, conflict leadership – nations, type & approaches, development of leadership, group dynamics, organization structure, human resources policy, organization culture.
Unit-5
Management of change, conflict management organizational health, development & effectiveness, cross culture management.
Reference:
#Fred luthens organizational behavior – 10th edition tata macgraw hill
#Stephen.P.Robin Organizational behavior.
MANAGERIAL ACCOUNTING
Unit-1
Purpose & scope , changing role of accountant in profession, industry and as a consultant- basic accounting-concepts and postulates and their implementation.
Accounting records and systems: the journal and other subsidiary books-the ledger and account, debit and credit adjusting and closing entries, ruling and balancing accounts-the trial balance, balance sheet.
Unit-2
Construction of profit & loss account and balance sheet of joint stock-companies as per companies act requirements.
Unit-3
Cost concepts, determination of cost, elements of cost-cost classification.
Unit-4
Overheads allocation, appointment, absorption control over factory, administration, selling and distribution overheads, valuation of inventories.
Managerial costing, break even analysis, contribution approach & direct costing short term decision making, standard costing as a tool for contract, variance analysis & budgetary control.
Unit-5
Relevant cost, target cost, activity based costing