Business Economics
Micro and macroeconomics applied to business decisions — demand, supply, market structures, national income, money, and Indian economy.
Your Success Path
Introduction to Business Economics
Unit 1Scope and importance of economics · Basic economic problems and production possibility curve · Types of economies — market, command, mixed
Theory of Demand and Supply
Unit 2Law of demand and supply — shifts vs movements · Price, income and cross elasticity of demand · Consumer surplus and market equilibrium
Theory of Production and Costs
Unit 3Law of variable proportions and returns to scale · Short-run and long-run cost curves · Economies and diseconomies of scale
Price Determination in Different Markets
Unit 4Perfect competition — short and long run equilibrium · Monopoly — price discrimination and welfare loss · Monopolistic competition and oligopoly (Kinked demand)
Business Cycles and National Income
Unit 5–6Phases of business cycle and theories · GDP, GNP, NNP — expenditure and income approach · Multiplier effect and fiscal policy
Money Market and Monetary Policy
Unit 7Functions of money and money supply measures (M0–M3) · RBI — instruments of monetary policy · Inflation — types, causes and control
International Trade and Balance of Payments
Unit 8Absolute and comparative advantage · Current account and capital account · Exchange rate determination and forex management
Indian Economy — Structure and Challenges
Unit 9Features of Indian economy — mixed economy · Agriculture, industry and services sectors · Recent economic reforms — GST, Make in India, digital economy