Economic and Business Environment

Paper Code: 
24BCS114
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to gain understanding on concepts of Micro and Macro Economics with the focus on Indian Economic System. The course will also enable the student to obtain knowledge on various crucial elements of Business Environment.

 

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

title

24BCS114

 

Economic and Business Environment (Theory)

CO 1:Assess demand and supply determinants, forms of market competition and decide the price and output under various market situation.

CO 2:Develop an understanding regarding the calculation process of national income and explore the impact of union budget on the organization.

CO 3:Analyze the financial and capital market, their determinants and functioning along with the authorities governing the markets.

CO 4:Distinguish between the various types of business environment and analyzing the various government institutions working to promote business.

CO 5:Explore the various government initiatives to foster entrepreneurship and entrepreneurial growth, also gain knowledge about the key government institutions functioning at the central level.

CO 6:Contribute effectively in course – specific interaction.

Approach in

teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz,  Assignments, Class Presentations, Individual and group projects.

 

12.00
Unit I: 
Basics of Demand and Supply and Forms of Market Competition
  • Theory of Demand and Supply,
  • Equilibrium Price,
  • Elasticity of Demand and Supply and other related concepts,
  • Increase and Decrease in Demand
  • Expansion and Contraction of Demand,
  • Forms of Market Competition- Monopoly, Duopoly, Oligopoly,
  • Perfect Competition and
  • Monopolistic Competition.

 

 

12.00
Unit II: 
Economic Analysis: National Income Accounting and the Indian Union Budget

National Income Accounting and related concepts

  • Meaning and methods to compute National Income,
  • Key concepts of National Income (GNP, GDP, NNP, NDP, Domestic Income, Private Income, Personal Income, Disposable Income, Real Income and Per Capita Income).

Indian Union Budget

  • Key terminologies / heads covered under the budget,
  • Revenue and Capital Budget,
  • Major components of Revenue and Capital Budget.
  • Meaning of Fiscal Deficit, Components/ Variables covered under Fiscal Deficit.

 

12.00
Unit III: 
Indian Financial Markets, Capital Basics and Balance of Payments

Indian Financial Markets

  • Overview of Indian Financial Ecosystem,
  • Key facets of Indian financial system,
  • Growth of Financial Institutions,
  • Public and private sector banks: IFCI, SIDBI, RRB, Cooperative Banks,
  • NBFC.

Basics of Capital Market:

  • Types of Shares and Debentures
  • Financial assistance scenario for Small and Medium Enterprises and Start-Ups Indian Economy.
  • Primary, Secondary and Tertiary,           
  • Current scenario of agriculture and allied activities in India,
  • Agricultural and Industrial Policies of India,
  • Current scenario of services sector in India.

Balance of Payments:

  • Components of Balance of Payments,
  • Favourable and Unfavourable Balance of Trade,
  • Foreign Investments in India- Types and Flows.

 

 

12.00
Unit IV: 
Business Environment
  • Overview of Business Environment,
  • Features and factors influencing business environment,
  • Types of environment: Economic environment, Socio-cultural environment, Political environment, Legal and Technological environment,
  • Ease of Doing Business Index by World Bank for India and Department for Promotion of Industry and Internal Trade (DPIIT) for States.

 

12.00
Unit V: 
Entrepreneurship Landscape and Key Government Institutions

Entrepreneurship Scenario

·       Government initiatives to foster entrepreneurship,

·       Need for entrepreneurship in India,

·       Bottlenecks in entrepreneurial growth.

Key Government Institutions

  • Basic awareness about various institutions and regulatory bodies in India such as NITI Aayog, MCA, SEBI, RBI, IBBI, CCI, NCLT and NCLAT
Essential Readings: 

Essential Readings:

  • Study Material Published by ICSI

 

References: 

Suggested Readings:

  1. Scanner- Arun Kumar (Shuchita Prakashans (P)Ltd
  2. CA Vivek Dharamshi
  3. Dr. V.C. Sinha (Author),Dr. Ritika Sinha (Author)
  4. Parul

E- Content:

  1. https://www.icsi.edu/media/webmodules/CSEET/CSEET_EBE.pdf
  2. https://www.icsi.edu/e-journals/

 

Academic Year: 
2024-2025
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