Business Economics 1st Year Notes

Business Economics Notes, PDF, Syllabus | BBA, BCOM 2021

 

Here, you will get access to the best business economics books pdf free download and many other academic books for free. You will find a comprehensive list of some of the best business economics pdf like: business economics bcom 1st year important questions, b com 1st year economics notes in Hindi pdf, economics notes 1st year, ba 1st year economics notes in Hindi pdf, economics notes ba programme 1st year in Hindi and so on. Knowing that it is important to keep yourself updated and current on the trends and waves of business econony researches, visit infolearners.com today and take advantage of this once in a lifetime opportunity. 

Get Business Economics 1st Year Notes 

Are you burned out from endless hours of searching on the internet for b com 1st year economics notes without much success? Are you frustrated at having to put so much effort in trying to get the bcom 1st year economics notes pdf but ending up with mediocre ones? Have you given up already on the search for the bcom 1st year economics notes pdf? Then get ready for this next surprising piece of information: Not only can you get the bcom 1st year economics notes pdf but you can also get them at no cost at all. In other words, you can get them for free. So, if you are a college student studying towards an economics degree or a professional in economics career, your endless hours of search just ended. You just bumped into a website that offers you the best bcom 1st year economics notes pdf in Hindi and a whole lot more. What more could you ask for? 

Business Economics 1st Year Notes

Gain unlimited access to the best  1st year economics notes pdf in Hindi and our library of popular business economics notes for b.com 1st year in Hindi by well-known and highly recommended authors. Not only does college leaners offers you the best books on economics, we also offer a wide range of good books in popular demand cutting across various disciplines. Finding these books here is easy and without the conventional complications that come with downloading books.  

B.Com Economics Notes – 1st Year Business Economics Syllabus & Books

 18.

Download B.com 1st year Economics Notes for both sem 1 & 2. Get B.Com Economics Notes (अर्थशास्त्र नोट्स) and free study material for various university exams. Bachelor of Commerce is an under graduation degree course of 3 years duration for commerce students. General Economics or Business Economics of India is one of the main subjects in B.com 1st year. Here we’ve provided B.Com 1st year Economics Books in pdf format for free. There are two economics papers in B.com 1st year those are Business Economics 1 in semester 1 and Business Economics 2 in Semester 2 (B.com अर्थशास्त्र नोट्स).

But In some universities, there are no semesters for B.Com Distance Education. For B.com Distance Program, There is Business Economics as the main subject in B.com 1st year course.

Objectives of Economics Subject

1. To expose students of Commerce to basic Micro Economics Concepts and inculcate and the analytical approach to the subject matter.

2. To stimulate the student’s interest by showing the relievable and use of various economic theories.

3. To apply economic reasoning to problems of business.

Download B.com Economics Notes – 1st year (Semester 1 & 2)

B.Com Business Economics Books (Bachelor of Commerce) – 1st year
Business Economics Introduction Download
Indian Economics Notes (Hindi) D
siness Economics Text Book Download
Business Economics Download

Suggested Books for B.com Business Economics – 1st year

  • Aryasri and Murthy: Business Economics, Tata Mcgraw Hill
  • Deepashree: General Economics, Tata Mcgrawhill
  • HL Ahuja Business Economics, S.Chand
  • KPM Sundaram: Micro Economics
  • Mankiw: Principles of Economics, Cengage
  • Mithani: Fundamentals of Business Economics, Himalaya
  • Salvatore, D. Schaum’s, Outline of Theory and Problems of Microeconomic Theory,McGraw-Hill, International Edition, New Delhi.

Nature and Scope of Business Economics | Managerial Economics Nature and  Scope

Detailed Syllabus of Business Economics – B.com 1st year

B.com Economics Notes – you have a syllabus in economics for the first year is

  • unit-1: Introduction of Economics, Nature, and Scope of Business Economics
  • unit-2: Demand , supply and market equilibrium, Theory of Consumption
  • unit-3: Theory of Production and costs,
  • unit-4: Market structure and factors of production,
  • unit-5: National income, trade cycles, and international trade,

CONTENTS

Unit – I Nature and Scope of Business Economics.

A) Business economics meaning, Scope, and objectives of Business economics, Nature and types of business decisions, Role and responsibilities of a business economist, Role and social responsibility of business & business economist, Microeconomics and macroeconomics definition, scope, Merits, and Demerits.

B) Theory of Consumption.

1. Law of demand, Demand determinants, Changes in Demand, Exceptions to the law of demand Geffen‘s paradox. Law of Equi-marginal utility, Assumptions Limitations, Importance criticism of cardinal approach.

2. Indifference Curve – Concept, definition, Definition, Properties, Importance of indifference curve.

3. The elasticity of demand – Concept, kinds, definition Measurement of elasticity of demand, factors influencing the elasticity of demand, Importance of elasticity of demand.

 

 

4. Demand forecasting: Meaning, Need, Importance, Methods of demand forecasting.

Unit – II Theory of Production and Cost

1. Production Function – Concept Definition, Types of products, Total Production, Average Production, Marginal production, Law of variable proportions, Assumptions, Limitations and Significance.

2. Isoquant curves, Definition, General properties of isoquant curves, Expansion path internal and external economic and diseconomies of scale, Ridge line.

3. Theories of population, – Malthusian theory of population, Optimum theory of population, Demographic Transition Theory of population and criticism.

Unit – III Theory of cost and Revenue and Markets

1. Law of supply & Criticism influencing factors of supply.

2. The concept of cost – Accounting Cost, Economic Cost, Opportunities Cost, Fixed Cost, Variable Cost, Direct and Indirect Cost, Real Cost, Explicit, Implicit Cost, Money Cost, Total Cost, Average Cost, Marginal Cost, Selling Costs.

3. Revenues – Total Revenues, Average Revenues, Marginal Revenues and Relationship, and Time Element.

4. Market – Concept, meaning, Definition, Classification of market structures, Type Firm, Industry, Meaning, objectives, the difference between Industry and firm.

Unit IV:- Pricing of Products.

1) Perfect Competition definition, properties Price determination under perfect competition.

2) Monopoly -Definition, Properties, Types, Price determination under Monopoly

3) Monopolistic competition, meaning, concepts, properties and Price determination under Monopolistic competition.

4) Price and output under oligopoly – indeterminate pricing and output price leadership, collusive oligopoly, Kinked demand curve.

5) Price discrimination – Meaning, Types, Conditions under which it is possible and profitable, importance, Concept of Dumping.

Unit V – Theories of Distribution

1) Modern Theory of Distribution of Rent.

2) Theory of rent – Ricardian theory of Rent, Modern theory of Rent, Criticism, the concept of Quasi Rent.

3) Theory of interest – Loanable Funds Theory of Interest, Liquidity Preference Theory of Interest, Criticism, Concept of gross interest net interest.

4) Theories of Profit – Uncertainty Bearing Theory of Profit, Dynamic Theory of Profit, Innovation theory of Profit, Criticism, Gross Profit, Normal Profit, Abnormal profit.

5) Theory of Wages – Nominal wages, real wages, Exploitation of labor, Marginal productivity theory of wages.

Buy Business Economics (Sem - I) - BBA - I Book Online at Low Prices in  India | Business Economics (Sem - I) - BBA - I Reviews & Ratings - Amazon.in

B.com Economics Notes at Amazon.in Online Buy

We’ve provided B.com Economics Notes in PDF for 1st year. Any University student can download given BCom Business Economics Notes and Study material or you can buy BCom Business Economics Books at Amazon also. Share this article to other B.com 1st year students who are searching for B.Com 1st year Books.

B.Com Economics Notes & Reference Books | Business Economics Study Material & Syllabus

B.Com Economics Notes: Are you guys searching for B.Com 1st Year Economics Preparation resources? to help all such candidates we have listed B.Com Economics Notes & Study Material in PDF format. You can view or download the Bachelor of Commerce Economics Notes for free and have a deeper understanding of concepts.

B.Com Business Economics Notes & Study Material PDF

Aspirants looking for Bachelor of Commerce Study Material have come the right way. We tried our best to provide you the ultimate preparation tools to have a grip on the subject. You can have a stronger foundation of the basics by making use of the Lecture Notes available. Download the Bachelor of Commerce Notes PDF by clicking on the direct links available on our page. To make it easy for you we have provided Syllabus and B.Com Economics Reference Books in the further modules.

B.Com Economics 1st Year Notes

Aspirants can get Complete Business Economics Notes by referring further. Get to know the Bachelor of Commerce 1st Year Economics Notes from here. Access the direct links available on our page to get B.Com Economics Textbooks and use them during your preparation. Go through the B.Com 1st Year Economics Lecture Notes and get acquainted with all the topics and score better grades in the exam.

Bachelor of Commerce Economics – 1st Year
Business Economics Introduction Download
Indian Economics Notes (Hindi) Download
Business Economics Text Book Download
Business Economics Download

Objectives of B.Com Economics Subject

  • The objective behind introducing Economics to Commerce Students is to introduce microeconomics concepts as well as inculcate an analytical approach to the subject.
  • Stimulate interest in students by showing the relievable and use of various economic theories.
  • Apply Economic Reasoning to Problems of Business.

B.Com Business Economics Suggested Books

Candidates appearing for the Business Economics Exam might be looking for books everywhere. We have compiled some of the B.Com Economics Reference Books by subject experts. Refer to them by giving the utmost importance and develop a proper preparation strategy. You can score well in the exam by referring to these preparation aids. All the topics are mentioned in simple language and in detail.

  • Aryasri and Murthy: Business Economics, Tata Mcgraw Hill
  • Deepashree: General Economics, Tata Mcgrawhill
  • HL Ahuja Business Economics, S.Chand
  • KPM Sundaram: Micro Economics
  • Mankiw: Principles of Economics, Cengage
  • Mithani: Fundamentals of Business Economics, Himalaya
  • Salvatore, D. Schaum’s, Outline of Theory and Problems of Microeconomic Theory, McGraw-Hill, International Edition, New Delhi.

Check out the below-related articles

  • B.Com Books
  • B.Com Course Details

Business economics Royalty Free Vector Image - VectorStock

Business Economics Syllabus – B.Com 1st Year

Candidates can have a glance at the Latest B.Com Economics Syllabus to have an overview of topics. Get to know the concepts as per the Units and develop a proper preparation strategy. Aspirants are advised to have a look at the topics and subtopics. It is necessary that you know the Business Economics Exam Syllabus prior to the exam so that it becomes easy while attempting the exam. Cover all the topics by referring to the Business Economics Curriculum so that you don’t invest time in unwanted topics.

Unit I: Nature and Scope of Business Economics

A) Business economics meaning, Scope, and objectives of Business economics, Nature and types of business decisions, Role and responsibilities of a business economist, Role and social responsibility of business & business economist, Microeconomics and macroeconomics definition, scope, Merits, and Demerits.

B) Theory of Consumption.

1. Law of demand, Demand determinants, Changes in Demand, Exceptions to the law of demand Geffen‘s paradox. Law of Equi-marginal utility, Assumptions Limitations, Importance criticism of cardinal approach.

2. Indifference Curve – Concept, definition, Definition, Properties, Importance of indifference curve.

3. The elasticity of demand – Concept, kinds, definition Measurement of elasticity of demand, factors influencing the elasticity of demand, Importance of elasticity of demand.

4. Demand forecasting: Meaning, Need, Importance, Methods of demand forecasting.

Unit II: Theory of Production and Cost

1. Production Function – Concept Definition, Types of products, Total Production, Average Production, Marginal production, Law of variable proportions, Assumptions, Limitations, and Significance.

2. Isoquant curves, Definition, General properties of isoquant curves, Expansion path internal and external economic and diseconomies of scale, Ridge line.

3. Theories of population, – Malthusian theory of population, Optimum theory of population, Demographic Transition Theory of population, and criticism.

Unit III: Theory of cost and Revenue and Markets

1. Law of supply & Criticism influencing factors of supply.

2. The concept of cost – Accounting Cost, Economic Cost, Opportunities Cost, Fixed Cost, Variable Cost, Direct and Indirect Cost, Real Cost, Explicit, Implicit Cost, Money Cost, Total Cost, Average Cost, Marginal Cost, Selling Costs.

3. Revenues – Total Revenues, Average Revenues, Marginal Revenues and Relationship, and Time Element.

4. Market – Concept, meaning, Definition, Classification of market structures, Type Firm, Industry, Meaning, objectives, the difference between Industry and firm.

Unit 55 Business Economics Assignment | Assignment Help

Unit IV: Pricing of Products

1) Perfect Competition definition, properties Price determination under perfect competition

2) Monopoly -Definition, Properties, Types, Price determination under Monopoly

3) Monopolistic competition, meaning, concepts, properties, and Price determination under Monopolistic competition

4) Price and output under oligopoly – indeterminate pricing and output price leadership, collusive oligopoly, Kinked demand curve

5) Price discrimination – Meaning, Types, Conditions under which it is possible and profitable, importance, Concept of Dumping

Unit V: Theories of Distribution

1) Modern Theory of Distribution of Rent

2) Theory of rent – Ricardian theory of Rent, Modern theory of Rent, Criticism, the concept of Quasi Rent

3) Theory of interest – Loanable Funds Theory of Interest, Liquidity Preference Theory of Interest, Criticism, Concept of gross interest net interest

4) Theories of Profit – Uncertainty Bearing Theory of Profit, Dynamic Theory of Profit, Innovation theory of Profit, Criticism, Gross Profit, Normal Profit, Abnormal profit

5) Theory of Wages – Nominal wages, real wages, Exploitation of labor, Marginal productivity theory of wages

FAQs on B.Com Economics Notes

1. What are some best and reliable reference books for B.Com Economics?

We tried mentioning some of the best and reliable books needed for preparing Economics in B.Com You can check out them for reference to scoring well in the exam. They are as follows

  • Aryasri and Murthy: Business Economics, Tata Mcgraw Hill
  • Deepashree: General Economics, Tata Mcgrawhill
  • HL Ahuja Business Economics, S.Chand

2. Where can I get B.Com Economics Notes & Study Material in PDF format?

You can get B.Com Economics Notes & Study Material needed as a part of preparation from our page. Access the direct links available and keep the Business Economics Notes handy.

3. How to download B.Com Economics Notes PDF?

All you have to do is simply tap on the quick links available on our page. Thereafter, you will be directed to a new page having the B.Com Economics Notes. Download and save them for future reference.

Final Words

We wish the data shared on our page regarding the B.Com Economics Notes has been beneficial to you in clearing your concerns. For any other assistance feel free to reach us via comment box so that we can revert back to you with the possible solution. Stay in touch with our site for more updates on Books, Notes and other preparation related resources.

Study on Scholarship Today -- Check your eligibility for up to 100% scholarship.

Leave a Comment