Economic and business environment

Paper Code: 
BCS 114
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To give overview of the financial markets , their determinants and their functioning along with the authorities governing the markets.

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Paper Code

Paper Title

BCS 114

Economic and Business Environment

CO 14: to gain indepth understanding of demand and supply determinants and their usage in business

CO 15: acquaintance with the union budget and it's it's critical examination

CO 16: an overview of the financial markets , their determinants and their functioning along with the authorities governing the markets

CO 17: an introduction to economy, entrepreneurship and also the key government institutions functioning at the central level

Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Reading assignments, Interactive White Board, Incorporating technology in teaching.
Learning activities for the students:
Self learning assignments, Effective questions.

Class test, Semester end examinations, Quiz,  Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar

 

18.00
Unit I: 
Basic Elements of Demand and Supply

                                

  • Demand- Meaning, Demand Schedule, Individual and Market Demand Curve
  • Determinants of Demand, Law of Demand, Changes in Demand;
  • Supply- Meaning, Supply Schedule, Individual and Market Supply Curve, Determinants of Supply, Law of Supply, Changes in Supply;
  •  Equilibrium of Demand and Supply- Determination of Equilibrium Price and Quantity, Effect of a shift in Demand or Supply; Elasticity of Demand and Supply

 

18.00
Unit II: 
National Income Accounting and related concepts
  • Meaning and methods to compute national income, key variables of national income ( GNP, GDP, NNP, NDP etc)
  • Indian Union Budget
  • Key terminologies/ heads covered under the budget, revenue and capital budget and its major components, meaning of fiscal deficit, components and variables covered under fiscal deficit.

 

18.00
Unit III: 
Indian Financial Markets
  • Overview of Indian financial ecosystem, key facets
  • growth of financial institutions, public and private sector banks, IFCI, SIDBI, RRB , cooperative banks, NBFC
  • Basics of capital market , financial assistance for   small and medium enterprises and start ups.

 

18.00
Unit IV: 
Indian Economy- An Overview
  • Primary , secondary and tertiary activities, current scenario of agriculture and allied activities and service sectors in India, balance of payments and its components, favorable and unfavorable balance of trade, Foreign investments in India – types and
  • Flow.
  • Entrepreneurship Scenario
  • Government initiatives, need for entrepreneurship in India, Bottle necks in growth.

 

18.00
Unit V: 
Business Environment
  • Overview, features and factors influencing business environment.
  • Features and factors influencing business environment, types of environment, ease of doing business index by world bank for India and department for promotion of industry and internal trade for states.
  • Key government institutions
  • Basic awareness about various institutions and regulatory bodies in India such as NITI aayog, MCA, SEBI, RBI, IBBI, CCI, NCLT, NCLAT etc

 

References: 
  • Study Material Published by ICSI
  • Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

Academic Year: 
2020-2021
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