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Business Economics And Management (FBEM) (Paper-4) CMA Foundation

Syllabus

SECTION A: FUNDAMENTALS OF BUSINESS ECONOMICS [70%]

1. Basic Concepts - 15%
  • The Fundamentals of Economics
  • Utility, Wealth, Production
  • heory of Demand (Meaning, Determinants of Demand, Law of Demand, Elasticity of Demand- Price, Income and Cross Elasticity, Theory of Consumer Behaviour, Demand Forecasting) and Supply (Meaning, Determinants, Law of Supply and Elasticity of Supply), Equilibrium
  • Theory of Production (Meaning, Factors, Laws of Production - Law of Variable Proportion, Laws of Returns to Scale)
  • Cost of Production (Concept of Costs, Short-run and Long-run Costs, Average and Marginal Costs,Total, Fixed and Variable Costs)
  • Means of Production
2. Forms of Market - 20%
  • Pricing of Products and Services in Various Forms of Markets – Perfect Competition, Duopoly, Oligopoly, Monopoly, Monopolistic Competition
  • Price Discrimination
3. Money and Banking - 20%
  • Money - Types, Features and Functions
  • Banking - Definition, Functions, Utility, Principles
  • Commercial Banks, Central Bank
  • Measures of Credit Control and Money Market
4. Economic and Business Environment - 15%
  • PESTEL (Political, Economic, Societal, Technological and Legal) Analysis
  • Emerging Dimensions of VUCAFU (Volatility, Uncertainty, Complexity, Ambiguity, Fear of Unknown and Unprecedentedness)
 

SECTION B – FUNDAMENTALS OF MANAGEMENT [30%]

5. Fundamentals of Management - 30%
  • Introduction to Management
  • Stewardship Theory and Agency Theory of Management
  • Planning, Organizing, Staffing and Leading
  • Communication, Co-ordination, Collaboration, Monitoring and Control
  • Organisation Structure, Responsibility, Accountability and Delegation of Authority
  • Leadership and Motivation – Concepts and Theories
  • Decision-making – Types and Process