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Syllabus GRID:
Here is the grid of Syllabus of Fundamentals of Business Economics.
| GRID | WEIGHTAGE |
| 1. Nature and Scope of Economics 2. Consumer’s Behavior and Its Analysis 3. Organization 4. Return to Shareholders 5. Demand & Supply Analysis 6. Price Elasticity 7. Price Instability and Government Measures 8. Cost Behavior 9. Profit Maximization 10. Competition, Market Effects and Government Measures | 60% |
| 11. Functions of the Financial System 12. Domestic Institutions and Markets 13. Foreign Exchange Markets 14. Macroeconomic: Trade Cycle 15. Macroeconomic: The Role of Government 16. International Context | 40% |
| TOTAL | 100% |
Detailed Syllabus Contents:
The detailed Syllabus of Business Economics for upcoming attempt is given below.
PART-A
1.Nature and scope of Economics
2. Consumer’s Behavior and Its Analysis
- Utility and its kinds
- Law of Diminishing Marginal Utility
- Consumer’s equilibrium through Indifference Curves Techniques
- Income Effect, Price Effect and Substitution Effect
- Consumer’s surplus.
3. Organization
Form of Organization:
- Define Organization
- Need of Organization
- Private and public sector organization
Types of Not-for-Profit Organization:
- Define Profit seeking Organizations, not-for-profit organizations,
- Distinguish the goals of profit seeking organizations and not-for-profit organisations
- Internal and external Stakeholders Role in setting Organization Goals
Goal comparison between Managers and Shareholders
- Define Principle agent and Issues related to Principle Agent
4. Return to Shareholders
- Return on Short Run Measures
- Return on Long Run Measures
- Risk and Return- the required rate
- Impact of Financial Performance on Share Prices
5. Demand & Supply Analysis
- Definition of Market
- Concept and law of Demand Curve
- Concept and law of Supply Curve
- Formation of Equilibrium price
- Short Run and Long Run Equilibrium Price
6. Price Elasticity
- Calculation of Price Elasticity of Demand
- Impact of Price Elasticity of Demand
- Influences on Price Elasticity of Demand
- Calculation of Price Elasticity of Supply
- Influences on Price Elasticity of Supply
7. Price Instability and Government Measures
- Reasons for Price Instability in Markets for Primary Goods
- Implications of Price Instability for Producer Incomes and Supply
- Price Stabilization Policies
- Minimum and Maximum Pricing Policies in Good Markets
- Minimum and Maximum Pricing Policies in Factor Markets
8. Cost Behavior
- Types of Cost
- Short Run Cost Behaviour
- Long Run Cost Behaviour
- Impact of Long Run Costs on Industry Structure
- Isocost and isoquant concepts
9. Profit Maximization
- Cost Volume Profit Analysis
- Profit Maximization- Graphical Approach
- Profit Maximization- Numerical Approach
- Influence of e-business on Cost and Market Behavior:
Effects on organizations due to e-business
Impact of e-business on transaction costs and pricing decisions
Influence of Globalization on Cost and Market Behavior
Emerging Market opportunities due to globalization
Impacts of globalization (eg industrial relocation, emergence of growth markets, enhanced competition, cross-national business alliances and mergers, widening economic divisions between countries)
10. Competition, Market Effects and Government Measures
- Methods of Business Integration
- Measures of Market Competition and Concentration
- Effects of Monopoly and Collusive Practices
- Competition Policy
- Nature of Externalities
- Government Measures to deal with Externalities
PART – B
11. Functions of the Financial System
- Finance for Consumers
- Finance for Firms
- Finance for Government
- Role and Functions of Financial Intermediaries
12. Domestic Institutions and Markets
- Commercial Banks and Credit Creation
- Yield on Financial Instruments
- Role of Central Banks
- Influence of Central Bank over Financial Markets
- Global Banking Crises-Basic Concept only
13. Foreign Exchange Markets
- About Foreign Exchange Markets
- Factors Influencing Exchange Rates
- Government Policies on Exchange Rates
14. Macroeconomic: Trade Cycle
- Factors affecting National Income
- Circular Flow of Income
- Stages in the Trade Cycle
- Impact of the Trade Cycle on Business Environment
- Multiplier effect
Macroeconomic: The Role of Government
- Government Macroeconomic Policy Goals
- Elements of Public Finance
- Unemployment
- Inflation
- Fiscal Policy
- Monetary Policy
- Supply side Policies
16. International Context
- About Balance of Payment
- Causes of imbalance in the balance of Payment
- Policies to eliminate current account deficits
- Terms of Trade
- Role of Global Financial Institutions
- Nature and Causes of Globalization
- Trade Agreements and Trade Blocks
- Impacts of Globalization
icmap syllabus of O2 Business Economics:
icmap syllabus of O2 Business Economics icmap syllabus of O2 Business Economics icmap syllabus of O2 Business Economics icmap syllabus of O2 Business Economics icmap syllabus of O2 Business Economics
