Business Economics & Business and Commercial Knowledge

• Business Economics is a study of supply, distribution, consumption of wealth. 
• Commercial knowledge focuses on how far students are aware of the current developments in business world and the terminologies used here  

• This is not the core area of the CA course but still is included to enable students to develop an understanding of basic economic theories and application of the same in solving problems 

• Also, it is important that a professional always understand how the economy functions as whole and this paper helps to encourage students to stay updated of this fast-moving business world 

• Business Economics and Business and Commercial Knowledge is one paper of 100 marks divided into: 

1. Business economics – 60 Marks 
2. Commercial Knowledge – 40 Marks 

Topics covered under each part are as follows 

1. Business economics – Demand, Supply, Production, cost, Price determination in different markets, Business cycles 
2. Business and Commercial knowledge – Business environment, business organisation, Government policies, Organisations facilitating the business, common business terminology.  

• Study material is your best resource for economics, whereas you may need to refer to general business books, daily financial newspapers and news channels for staying up-to-date. 

• Both theory and practical questions can appear in the exam in case of economics; give a balanced priority to both based on chapters. 
• Learn using the same business and economic terms 
• Make your own short notes with charts and a mind-mapping approach for Business economics