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Indian Institute of Management Bangalore

Artificial Intelligence and Engineering Economics for Managers

Indian Institute of Management Bangalore via Swayam

Overview

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Unlock the power of Artificial Intelligence and Engineering Economics-two forces shaping the future of business and society. This course bridges AI and economics to prepare future-ready managers and leaders. Learners will gain insights into AI fundamentals, global applications, and government initiatives like AI for All. Explore economic principles such as demand, supply, production, and cost analysis with real-world relevance. Master practical tools like NPV, IRR, Life Cycle Costing, and AI-driven forecasting for smarter decisions. Gain competitive skills in decision-making models, risk assessment, and resource allocation through simulations. Discover how global companies like Tesla, Apple, and Tata Motors leverage AI for innovation and cost optimization. Learn AI applications in e-commerce, manufacturing, and smart cities for sustainable growth. Develop data-driven insights using regression, clustering, and time-series forecasting techniques. Sharpen your strategic edge with Game Theory in pricing, negotiation, and competition. Engage in interactive case studies, assignments, and societal project development for practical exposure. Provides a 3-credit certification and prepares for leadership in an AI-powered global economy.

Syllabus

Week 1: Introduction to Artificial Intelligence

Week 2: Fundamentals of Engineering Economics

Week 3: Methods of Economic Analysis

Week 4: Engineering Management and Strategic Planning

Week 5: Decision-Making Models for Managers

Week 6: AI Applications in Engineering Economics

Week 7: AI-Based Data Analysis for Business Decisions

Week 8: Game Theory for Managers

Week 9: Game Theory Applications in AI and Multi-Agent Systems

Week 10: Societal Project Development and Research Directions

Taught by

Dr. V. Ilango

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