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Business Economics & Business and Commercial Knowledge

Business Economics & Business and Commercial Knowledge

CA Foundation - Paper 4 : Business Economics & Business and Commercial Knowledge

ICAI has introduced this paper, Business Economics and Business and Commercial Knowledge at the CA Foundation Level where you are taught the basics of Business economics – Demand, Supply, Production, cost, Price determination in different markets, Business cycles, and the basics of Business and Commercial knowledge – Business environment, business organisation, Government policies, Organisations facilitating the business, common business terminology.

A goal should scare you a little and excite you a lot. All the best! 😉  

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Business Economics
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Business and Commercial Knowledge
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Business and Commercial Knowledge
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Change in Demand, Change in Supply
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Government Policies for Business Growth
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Paper 1
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Paper 2
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Paper 3

More about Business Economics & Business and Commercial Knowledge

What is Business Economics and 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  
Why has ICAI introduced this paper, Business Economics and Business and Commercial Knowledge, at the CA Foundation Level?
  • 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 
What are the topics covered in Business Economics and Business and Commercial Knowledge?
  • 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.  
What is the best approach to study Business Economics and Business and Commercial Knowledge?
  • 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 

 

See how CS Bhavya Parvathi and CS Akshata Rao and Prof. Anath Kumar teach this paper Business Economics & Business and Commercial knowledge
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Course Content Available
 

Faculty

Estimated Lectures

Lectures Available in the Portal

CS Bhavya Parvathi 

17

17

CS Akshata Rao

13

13

Prof. Ananth Kumar

17

17

Available Lectures for Business Economics & Business and Commercial knowledge

Paper-4: Business Economics and Business and Commercial Knowledge

Chapters

No. of Lectures

Series 1:

Part-I: Business Economics

Chapter 1: Nature & Scope of Business Economics

1

Chapter 2: Theory of Demand and Supply

5

Chapter 3: Theory of Production and Cost

3

Chapter 4: Meaning and Types of Markets

7

Chapter 5: Business Cycles

1

Series 1:

Part-II: Business and Commercial Knowledge

Chapter 1: Introduction to Business & BCK

2

Chapter 2: Business Environment

3

Chapter 3: Business Organizations

1

Chapter 4: Government Policies for Business Growth

1

Chapter 5: Organizations Facilitating Business

2

Chapter 6: Common Business Terminologies

4

Series 2:

Part II: Business and Commercial Knowledge

Chapter 1: Introduction to Business & BCK

3

Chapter 2: Business Environment

4

Chapter 3: Business Organisation

1

Chapter 4: Government Policies for Business Growth

2

Chapter 5: Organisations Facilitating Business

4

Chapter 6: Common Business Terminologies

3