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.
For the sake of you, we even listed B.Com Economics Reference Books, Syllabus which you might need while preparing for the Exams.
- B.Com Economics 1st Year Notes
- Objectives of B.Com Economics Subject
- B.Com Business Economics Suggested Books
- Business Economics Syllabus – B.Com 1st Year
- What are some best and reliable reference books for B.Com Economics?
- Where can I get B.Com Economics Notes & Study Material in PDF format?
- How to download B.Com Economics Notes PDF?
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.
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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 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
Final Words
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