Kannada 
PAPER 4 - BUSINESS ECONOMICS [100 MARKS]
- Introduction to Business Economics
Meaning and scope of Business Economics.
Basic Problems of an Economy and Role of Price Mechanism. - 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. - 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. - 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. - Determination of National Income
Macro Economic Aggregates and Measurement of National Income.
Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models. - Business Cycles
Meaning
Phases
Features
Causes behind these Cycles - Public Finance
Fiscal functions: An Overview, Centre and State Finance.
Market Failure/ Government intervention to correct market failure.
Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt.
Fiscal Policy. - Money Market
Concept of Money Demand.
Important theories of Demand for Money.
Concept of Money Supply, Cryptocurrency, and other new terminology.
Monetary Policy. - International Trade
Theories of International Trade including theories of intra-industry trade by Krugman.
Trade Policy – The Instruments of Trade Policy.
Trade Negotiations.
Exchange Rates and its economic effects.
International Capital Movements: Foreign Direct Investment. - Indian Economy (Before 1950- Chanakya and Nand Vansh, OECD Paper (1950- 1991), Basic knowledge1991 Onwards.
