B com (Hons) III Year
Economic Environment of Business
Unit-I: Overview of Business Environment
Business environment – Macro Dimensions of Business Environment- Economic- Political –Social-Technological –Legal- Ecological- Cultural- Demographic- changes and its impact on Business- Indian perspective- Global perspective.
Unit-II: Economic growth and development
Concepts of economic growth and development- Factors influencing- Development theories- balanced growth theory- Un balanced growth theory- Big push theory- Rostow’s stages of economic development
Unit-III: Economic planning and legislation
Need for planning- India’s Five years planning model- Objectives- appraisal- Industrial policies- 1948, 1956, 1991,post 1991- competition law- Public sector- rationale- role- appraisal- disinvestment, private sector- rationale- Privatisation- forms- appraisal- small scale sector- rationale- concepts of small scale industry- ancillary- tiny- micro- export oriented units- small enterprises run by women entrepreneurs- problems of SSI’s –Government policies towards small scale sectors.
Unit-IV: International trade theories and policies:
Concepts of international trade- modes of entry in to foreign market- EXIM policy- FEMA- Absolute advantage theory- Comparative cost advantage theory – Competitive advantage theory ( Michael Porter) – New trade policy, concept of balance of payment- convertibility – non convertibility- foreign investment policy- role of foreign capital in industrial development- Concept of foreign direct investment- Foreign institutional investors.
Unit- V: Globalisation- Emerging scenario
Concept of globalisation- Role of WTO in globalisation era, regional cooperation- re3gional trading blocks- EU- SAFTA- ASEAN- International funding agencies- IMF, World bank, ADB.
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