Economics imbibes the engineer with a socio-economic sense aimed at developing an understanding of the market forces. This is integral to realizing cost-effective business models. Only through successful business models can new technologies develop. The economic perspective provides the essential knowhow of capital markets, risk management, asset evaluation, economic policy, business law and managerial practice. Economics thus acts as an incubator for entrepreneurial ideas in the technical domain. Finally this leads to a fruitful interface between academia and the industry.
Hotel management is a challenging field which needs harmonizing activity in Front Office Operations, Food-Beverages production and distribution and Accounting. Modern trends in the hospitality industry have added focus on sales, marketing, maintenance and security. Training in Entrepreneurship develops creative business thinking. This enhances risk taking ability via dedicated risk management. This combination of subjects helps individual diversify hotel business to manage capital with a risk purview, active profiling of loans and funds, optimize business cycles and maximize profit scenario.
This combination would suit prospective students in research in physics or Mathematics. Physics fascinates with its intellectual challenge and numerous application in engineering and technology. It explores nature via theoretical models. Experimental physics tests theories. It's a rich and vibrant field. Students can explore relativity, quantum, mechanics, statistical mechanics, Lagrange-Hamilton formulation, action principles and quantum field theories. Mathematics helps make the qualitative physical models quantitative and amenable to experimental exploration. Therefore a minor in mathematics would prove most beneficial to a physics course. Mathematics aids pattern recognition, rigorous thinking, abstraction, visualization, theorizing, modeling, phenomenology and proof methodology.
