B COM(GENERAL) SEMESTER-I
Domain Subject: Commerce
Semester-wise Syllabus under CBCS (w.e.f. 2020-21 Admitted Batch)
COURSE 1C: BUSINESS ENVIRONMENT
Learning Outcomes:
At the end of the course, the student will able to;
- Understand the concept of business
- Define Internal and External elements affecting business
- Explain the economic trends and its effect on Government
- Critically examine the recent developments in economic and business policies of the Government.
- Evaluate and judge the best business policies in Indian business
- Develop the new ideas for creating good business
SYLLABUS:
Unit–I:Overview of Business Environment: Business Environment – Meaning – Characteristics – Scope -Macro and Micro Dimensions of Business Environment – Environmental Analysis.
Unit – II: Economic Environment: Economic Environment – Nature of the Economy – Structure of Economy – Economic Policies & Planning the Economic Condition – NITI Ayog – National Development Council – Five Year Plans
Unit–III: Economic Policies: Economic Reforms and New Economic Policy – New Industrial Policy – Competition Law – Fiscal Policy – Objectives and Limitations – Monetary Policy and RBI
Unit – IV: Social, Political and Legal Environment: Concept of Social Responsibility of Business towards Stakeholders – Demonetisation, GST and their Impact – Political Stability – Legal Changes.
Unit–V:Global Environment :Globalization – Meaning – Role of WTO – WTO Functions – IBRD– Trade Blocks, BRICS, SAARC, ASEAN in Globalisation
Suggested Readings:
- Aswathappa : Essentials of Business Environment, Himalaya Publishing House
- Francis Cherunilam : Business Environment, Himalaya Publishing House
- Dr S Sankaran: : Business Environment, Margham Publications
- K. Mishra and V.K. Puri : Economic Environment of Business, HPH
- Rosy Joshi and Sangam Kapoor : Business Environment, Kalyanai Publications
- A C Fernando: Business Environment, Pearson
- Dr V Murali Krishna, Business Environment, Spectrum Publications
- Namitha Gopal, Business Environment, McGraw Hill
Suggested Co-Curricular Activities:
- Seminar on overview of business environment
- Debate on micro v/s macro dimensions of business environment
- Co-operative learning
- Seminar on Monetary policies of RBI
- Debate on social, political and legal environment
- Group Discussions on Global environment and its impact on business
- To learn about NITI Ayog and National Development Council
- Seminars on Economic policies like New Industrial policy, Fiscal policy
- Reports on WTO,BRICS, SAAR
- Examinations (Scheduled and surprise tests) on all units
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