Engineering Economics & Accountancy — What This Subject Is About
An engineer who understands money makes better engineering decisions. Engineering Economics & Accountancy teaches you the basic economics behind economic decision making, the basics of financial management, and how to read financial statements. This is Open Elective-1, Option 1: you choose either this subject or Disaster Management, or a certification course of not less than 20 hours.
The five units are an introduction, demand and supply analysis, production and cost analysis, pricing, and financial accounting. The last unit — financial accounting, including balance sheets, profit and loss statements, ratio analysis and investment appraisal — carries the most weightage at 23% (08 periods). Note the marks: this is a (Q) qualifying subject — 50 marks internal, 2 credits. Passing is compulsory, but the marks do not count for your percentage or division.
Subject 3.6 (Open Elective-1, Theory) (Q) • 50 Marks internal • 2 Credits • L 2 – P 0 • Choose this OR Disaster Management • Qualifying only • 3rd Semester — Electrical Engineering • Session 2026–27
What You Will Study
Unit – I: Introduction (04 Periods, 17%)
Managerial Economics; Relationship with other disciplines; Firms: Types, objectives and goals; Managerial decisions; Decision analysis.
Unit – II: Demand & Supply Analysis (05 Periods, 20%)
Demand; Types of demand; Determinants of demand; Demand function; Demand elasticity; Demand forecasting; Supply; Determinants of supply; Supply function; Supply elasticity.
Unit – III: Production and Cost Analysis (06 Periods, 20%)
Production function; Returns to scale; Production optimization; Least cost input; Isoquants; Managerial uses of production function; Cost Concepts; Cost function; Types of Cost; Determinants of cost; Short run and Long run cost curves; Cost Output Decision; Estimation of Cost.
Unit – IV: Pricing (05 Periods, 20%)
Determinants of Price; Pricing under different objectives and different market structures; Price discrimination; Pricing methods in practice; Role of Government in pricing control.
Unit – V: Financial Accounting (Elementary Treatment) (08 Periods, 23%)
Balance sheet and related concepts; Profit & Loss Statement and related concepts; Financial Ratio Analysis; Cash flow analysis; Funds flow analysis; Comparative financial statements; Analysis & Interpretation of financial statements; Investments; Risks and return evaluation of investment decision; Average rate of return; Payback Period; Net Present Value; Internal rate of return.
Complete Syllabus
The full examination scheme, the complete practicals list and the reference books from the official syllabus. The unit-wise topics are in the "What You Will Study" section above.
Examination Scheme
| Code | Paper | Type | L – P | Credits | Internal | External | Total |
|---|---|---|---|---|---|---|---|
| 3.6 | Engineering Economics & Accountancy (Open Elective-1) | Theory (Q) | 2 – 0 | 2 | 50 | — | NA |
| Open Elective-1 Total | 2 | 50 | — | NA | |||
Units at a Glance
| Unit | Topic | Periods | Marks Share |
|---|---|---|---|
| I | Introduction | 04 | 17% |
| II | Demand & Supply Analysis | 05 | 20% |
| III | Production and Cost Analysis | 06 | 20% |
| IV | Pricing | 05 | 20% |
| V | Financial Accounting (Elementary Treatment) | 08 | 23% |
Reference Books
As listed in the syllabus:
- Premvir Kapoor, Sociology & Economics for Engineers, Khanna Publishing House, New Delhi, 2018
- McGuigan, Moyer and Harris, 'Managerial Economics; Applications, Strategy and Tactics', Thomson Southwestern, 10th Edition, 2005
- Prasanna Chandra. 'Fundamentals of Financial Management', Tata Mcgraw Hill Publishing Ltd., 4th edition, 2005
- Samuelson. Paul A and Nordhaus W.D., 'Economics', Tata Mcgraw Hill Publishing Company Limited, New Delhi, 2004
- Paresh Shah, 'Basic Financial Accounting for Management', Oxford University Press, New Delhi, 2007
Frequently Asked Questions
How many marks is Engineering Economics & Accountancy worth in the 3rd semester?
It is a (Q) qualifying subject — 50 marks internal, 2 credits. Passing is compulsory, but the marks are not included for percentage and division.
Which unit carries the most weightage in Engineering Economics & Accountancy?
Financial Accounting (Elementary Treatment), 23% (08 periods).
Is there any practical work in Engineering Economics & Accountancy?
No — the official syllabus lists no practicals for this subject.
Which books should I read for Engineering Economics & Accountancy?
5 reference books are listed in the official syllabus — the full list is in the Complete Syllabus section above.
How can I download the Engineering Economics & Accountancy syllabus PDF?
The PDF is free to download — use the download link in the Download section below. It is prepared by KAMALDNP Academy from the official BTEUP syllabus.
Should I choose Engineering Economics or Disaster Management?
Both are the two theory options of Open Elective-1 (3.6) — you choose one, or a certification course of not less than 20 hours from the approved providers. Check which option your polytechnic offers.
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Download the Engineering Economics & Accountancy Syllabus PDF
Download the complete Engineering Economics & Accountancy syllabus PDF below — prepared by KAMALDNP Academy, with the full topic list and reference books.
Download the Engineering Economics & Accountancy Syllabus PDF
Source: BTEUP 2nd Year Electrical Engineering curriculum (folder2627). The file's cover prints "YEAR 2025-2026", but the approval line "UPDATED AND APPROVED BY BOARD OF TECHNICAL EDUCATION U.P. LUCKNOW IN C.D.C MEETING HELD ON 16.07.2026" appears on every page (95 times), and the file is treated here as the 2026-27 syllabus on the strength of that approval. Topic lists follow the official syllabus; short explanations are the author's own plain-English summaries, not syllabus text. Please confirm with your own polytechnic for any local changes.
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