PDF (1941) - CaltechCampusPubs

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CALIFORNIA INSTITUTE OF TECHNOLOGY
by the following partial list of topics studied: plant location, types of factory
buildings, plant layout, simplification and standardization of products, time and
motion studies, the production budget, production control, cost control, wage systems,
and industrial relations.
Several field trips are made to enable students to see industrial management techniques
in operation.
Text: Introduction to Industrial Management, Folts.
Instructor: Gilbert.
FIFTH-YEAR AND ADVANCED SUBJECTS
Ec. 100 a, b, c. Business Economics. 12 units (4-0-8); first, second, and
third terms. Open to graduate students.
This subject endeavors to bridge the gap between engineering and business. It
is intended for students in applied science and technology who wish to use their
technical training as an approach to the administrative side of business and industry.
The subject includes, in brief (a) a description of business and industry, and
(b) a consideration of principles of business economics which are relevant to the
fields of interest of engineers and applied scientists. The principal subjects treated
are (1) business organization, (2) industrial promotion and finance, (3) factory
problems, and (4) the marketing of industrial goods. An introduction is given to
industrial statistics and accounting. Students are made familiar with the operations
of the Federal Reserve system and with various other significant subjects in business
economics. Several industries are studied in detail as to the nature of their particular
economic problems and as to the actual companies operating in them. The case
method of instruction developed by the Harvard Graduate Business School is
employed to a considerable extent throughout the subject.
Texts: Fh,ancial Policy of Corporations, Dewing; Management of an Enterprise,
Balderston, Karabasz, and Brecht; Fundamentals of Industrial Marketing, Elder.
Instructors: Fogg, Gray.
Ec. 106. Business Economics Seminar. 3 units; second and third terms.
Open to graduate students. Not offered in 1940-41.
Special studies of current economic problems are presented by the instructor,
after which an open discussion is held. Emphasis is placed on the materials of
economic science, i.e., statistics of production, consumption, prices, banking and
finance. etc. These quantitative studies are accompanied, where advisable, by
reference to economic doctrine.
In charge: Gilbert.
Ec. 110. Industrial Relations. 12 units (4-0-8); third term.
Prerequisite: Ec. 100 a, b.
The course will include the study of labor relations, personnel managements, and
labor economics. The seminar method, permitting general participation through
individual investigation and special reports will be largely followed. Training in
research methods and in the use of pamphlet and other material in the Industrial
Relations Library will also be given.
Instructors: Gray, Arthur H. Young.