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CA Foundation Business Economics Classes

Online/Offline for June, September 2024, & January 2025


CA Foundation Business Economics paper assesses candidates' comprehension of economic concepts and their application in real-world scenarios.This involves analyzing market behavior, decision-making by firms, pricing strategies, and the impact of government policies on the economy.

Preparation for this paper typically involves a thorough understanding of economic theories, regular practice of problem-solving, and the ability to relate theoretical concepts to practical situations. The CA Foundation Business Economics paper serves as a crucial building block in developing a strong foundation in economics for aspiring chartered accountants.


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Modes of CA Foundation Business Economics Classes

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CA Foundation Business Economics Toppers


Tanya Garg - CA Foundation Business Economics Topper 1

Tanya Garg

94/100

Dec 2023

Om - CA Foundation Business Economics Topper 2

Om

92/100

Dec 2023

Tanisha Garg - CA Foundation Business Economics Topper 3

Tanisha Garg

92/100

Dec 2023

Free CA Foundation Economics Lectures 2024 | Demo

We provide detailed explanation of the subject matter and cover all the essential information that a student needs about CA Foundation Classes, have a look!

CA Foundation Business Economics Lecture 1


CA Foundation Business Economics Lecture 2


ICAI New Scheme: CA Foundation Economics Syllabus & Section Wise-Weightage

CA Foundation Economics Syllabus 2024 Examination

Chapter Unit
Chapter 1: Nature & Scope of Business Economics
  • Unit 1: Introduction
  • Unit 2: Basic Problems of an Economy & Role of Price Mechanism
Chapter 2: Theory of Demand and Supply
  • Unit 1: Law of Demand and Elasticity of Demand
  • Unit 2: Theory of Consumer Behaviour
  • Unit 3: Supply
Chapter 3: Theory of Production and Cost
  • Unit 1: Theory of Production
  • Unit 2: Theory of Cost
Chapter 4: Price Determination in Different Markets
  • Unit 1: Meaning and Types of Markets
  • Unit 2: Determination of Prices
  • Unit 3: Price Output Determination under Different Market Forms
Chapter 5: Business Cycles
Chapter 6: Determination of National Income
  • Unit 1: National Income Accounting
  • Unit 2: The Keynesian Theory of Determination of National Income
Chapter 7: Public Finance
  • Unit 1: Fiscal Functions: An Overview, Centre and State Finance
  • Unit 2: Market Failure/ Government intervention to correct Market Failure
  • Unit 3: The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt
  • Unit 4: Fiscal Policy
Chapter 8: Money Market
  • Unit 1: The Concept of Money Demand: Important Theories
  • Unit 2: The Concept of Money Supply
  • Unit 3: Monetary Policy
Chapter 9: International Trade
  • Unit 1: Theories of International Trade
  • Unit 2: The Instruments of Trade Policy
  • Unit 3: Trade Negotiations
  • Unit 4: Exchange Rate and Its Economic Effects
  • Unit 5: International Capital Movements
Chapter 10: Indian Economy
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  • Candidates have to get a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate in all papers to pass the CA Foundation exam.

CA Foundation Business Economics Section-Wise Weightage

Chapter Weightage
Chapter 1: Introduction to Business Economics
Meaning and scope of Business Economics Basic Problems of an Economy and Role of Price Mechanism.
5%
Chapter 2: Theory of Demand and Supply
Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity Theory of Consumer’s Behaviour –Indifference Curve approach Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency
10%
Chapter 3: Theory of Production and Cost
Meaning and Factors of Production, Short Run and Long Run Law of Production – The Law of Variable Proportions and Laws of Returns to Scale, Producer’s Equilibrium Concepts of Costs – Short -run and long -run costs, Average and Marginal Costs, Total, Fixed and Variable Costs.
10%
Chapter 4: Price Determination in Different Markets
Market Structures: Perfect Competition, Monopoly and Monopolistic Competition. Using Game Theory to study Oligopoly. Price Determination in these Markets Price- Output Determination under different Market Forms.
15%
Chapter 5: Determination of National Income
  • (a) Macro Economic Aggregates and Measurement of National Income.
  • (b) Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models
15%
Chapter 6: Business Cycles
  • Meaning
  • Phases
  • Features
  • Causes behind these Cycles
5%
Chapter 7: Public Finance
  • (a) Fiscal functions: An Overview, Centre and State Finance
  • (b) Market Failure/Government intervention to correct market failure
  • (c) Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt
  • (d) Fiscal Policy
10%
Chapter 8: Money Market
  • (a) Concept of Money Demand
  • (b) Important theories of Demand for Money
  • (c) Concept of Money Supply, Cryptocurrency and other new terminology
  • (d) Monetary Policy
10%
Chapter 9: International Trade
  • (a) Theories of International Trade including theories of intra-industry trade by Krugman
  • (b) Trade Policy – The Instruments of Trade Policy
  • (c) Trade Negotiations
  • (d) Exchange Rates and its economic effects
  • (e) International Capital Movements: Foreign Direct Investment
10%
Chapter 10: Indian Economy (Before 1950-Chanakya and Nand Vansh,OECD Paper (1950-1991), Basic knowledge 1991 Onwards 10%

Tips to Prepare for CA Foundation Business Economics Exam

Preparing for the CA Foundation Business Economics paper requires a strategic approach to cover the syllabus comprehensively and effectively. Here are some tips to help you prepare for this exam:-

  • Conceptual Understanding: Focus on developing a strong conceptual understanding of economic theories and principles. Instead of rote memorization, aim to understand the underlying logic and application of economic concepts.
  • Practice Numerical Problems: Business Economics often involves numerical problems related to demand and supply, cost curves, market structures, etc. Regular practice of such problems will enhance your problem-solving skills and familiarity with mathematical applications in economics.
  • Make Notes: Create concise and organized notes while studying in best CA classes. Summarize key concepts, definitions, formulas, and important points for quick revision before the exam.
  • Use Visual Aids: Utilize charts, graphs, and diagrams to visualize economic relationships and concepts. Visual aids can enhance your understanding and memory retention of complex economic theories.
  • Stay Updated: Keep yourself updated with current economic developments and their impact on the business environment. This will help you relate theoretical concepts to real-world scenarios, which is crucial for scoring well in the exam.
  • Mock Tests and Previous Year Papers: Practice mock tests and solve previous year's question papers within the stipulated time frame. This will help you familiarize yourself with the exam pattern, improve time management skills, and identify areas that require further revision.
  • Seek Clarifications: Don't hesitate to seek clarification from teachers, tutors, or peers if you encounter difficulties understanding certain topics. Clearing doubts early on will strengthen your understanding of the subject.
  • Revision and Time Management: Allocate sufficient time for revision before the exam. Create a study schedule and stick to it to cover the entire syllabus systematically. Effective time management is key to success in any examination.

CA Foundation Exam Pattern for 2024 Exams

CA Foundation course is divided into 4 subjects-
Accounting, Business laws, Quantitative Aptitude and Business Economics.
Each paper will carry 100 marks.

"Accounting" and "Business laws" exams have subjective-type questions with no negative marking and duration of 3 hours whereas "Quantitative Aptitude" and "Business Economics" exams have objective-type questions with -0.25 negative marking for every wrong answer and duration of 2 hours.

Candidates have to get a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate in all papers to pass the CA Foundation exam.

Paper Marks Type of Question
1: Accounting 100 Marks Subjective
2: Business Laws 100 Marks Subjective
3: Quantitative Aptitude:
Part A: Business Mathematics
Part B: Logical Reasoning
Part C: Statistics
100 Marks
Part A: 40 Marks
Part B: 20 Marks
Part C: 40 Marks
Objective
4: Business Economics 100 Marks Objective

Frequently Asked Questions


Ques 1. How can I score well in CA Foundation Business Economics?

Focus on developing a strong conceptual understanding of economic principles, practice solving numerical problems, revise regularly, use visual aids for better comprehension, and attempt mock tests to improve exam-taking skills.

Ques 2. How important is current economic knowledge for this exam?

Current economic knowledge is essential as it helps in relating theoretical concepts to real-world scenarios. Stay updated with economic developments, government policies, and their impact on businesses to answer application-based questions effectively

Ques 3. What is the passing criteria for the CA Foundation Business Economics paper?

To pass the exam, candidates need to score a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all papers. There is negative marking for incorrect answers in the objective-type questions.

Ques 4. How can I manage time effectively during the exam?

Practice solving mock tests within the stipulated time frame to improve time management skills. Allocate specific time durations for each section of the paper and prioritize answering questions based on familiarity and confidence level.

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