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
| Face to Face Classes | Online/Live at home/center | Google Drive/Pendrive Classes |
|---|---|---|
| IGP Centres- Janakpuri, Rohini, Laxmi Nagar | Enquire Now | Buy Now |
CA Foundation Business Economics Toppers
Tanya Garg
94/100
Dec 2023
Om
92/100
Dec 2023
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!
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 |
|
| Chapter 2: Theory of Demand and Supply |
|
| Chapter 3: Theory of Production and Cost |
|
| Chapter 4: Price Determination in Different Markets |
|
| Chapter 5: Business Cycles | |
| Chapter 6: Determination of National Income |
|
| Chapter 7: Public Finance |
|
| Chapter 8: Money Market |
|
| Chapter 9: International Trade |
|
| Chapter 10: Indian Economy | |
| Download Now from ICAI | Download in Hindi |
- 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
|
15% |
Chapter 6: Business Cycles
|
5% |
Chapter 7: Public Finance
|
10% |
Chapter 8: Money Market
|
10% |
Chapter 9: International Trade
|
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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