Course Objectives:

ØTo make the students to know the broad and sound basic knowledge in administrative and economic areas.
ØTo introduce students to basic working structure of management of food process industries
ØTo Make the students to be familiar with process basic economics in food industries
ØTo develop the entrepreneurial spirit and plan to start their own enterprise.
ØTo make the students to analyze cost/revenue data and carry out make economic analyses in the decision making process to justify or reject alternatives/projects on an economic basis.
ØTo provide knowledge to understand theory, models, methods, and concepts within microeconomics and game theory to explain and predict the behavior of consumers, producers and other economic agents (such as governments) that participate in and influence markets and market outcomes (prices and quantities).