Economics is a subject that focuses majorly on the capabilities of individuals being consumers and producers in the market and deals in finding solutions to their problems. It includes topics like basic problems of the economy and the market like price mechanism, the theory of demand and supply, production and cost, and business cycles.
ICAI has introduced Business Economics in CA Foundation Course with the objective of giving an added advantage to Chartered Accountants, who are more than accountants or editors in the business fraternity. Company Assistant also provides Business Solutions, and the study of the market economy helps them in providing better solutions.
There are 2 parts of the CA Foundation Paper 4. The first one is Business Economics and the other one is Business Commercial Knowledge (BCK). Here, In this article, we will share more information about CA Foundation Economics and BCK. The CA Foundation timetable for the June 2023 exam is released. As per the timetable, the Economics paper will conduct on June 30, 2023.
Also Check: How to become CA in India
Paper 4: Business Economics and Business Commercial Knowledge
Check out the CA Foundation Syllabus of the economics papers with its marks weightage in the table below.
Part 1- Business Economics
|1||Introduction to Business Economics||15%-20%|
|2||Theory of Demand and Supply||35%-40%|
|3||Theory of Production and Cost Price||10% – 20%|
|4||Determination in Different Markets||25-30%|
Part 2- Business and Commercial Knowledge (CA Foundation BCK)
|1||Introduction to Business||15%-18%|
|4||Government Policies for Business Growth||15%-18%|
|5||Organizations Facilitating Business||15%-18%|
|6||Common Business Templates||15%-18%|
CA Foundation Dec 2022 Papers Solutions
CA Foundation Economics Paper Weightage: Skill Assessment Specification
Considering CA Foundation Economics Paper Weightage is also very important while studying each and every chapter of the course. This will help you to identify the chapters that have more weightage and that need to be given more attention and importance. Below given CA Foundation Economics Paper Weightage for skill assessment specification, check it below:
Comprehension & Knowledge
|Paper 4 Part I: Business Economics||40%50%||50%-60%|
|Paper 4 Part II: Business and Commercial Knowledge||100%||–|
Also Read: How to become CA after 12th Science
Free Resources for CA Foundation Economics Paper
CA Foundation Economics Paper: Chapter-wise Study material in English and Hindi
ICAI provides the easiest way to study the CA Course directly by making available study material for every specific subject of the CA Foundation. From here you can download the official and revised CA Foundation Economics notes and study material in pdf files. The study material also has MCQs at the end of the topic. You can practice them for your quick revision after completing the topic.
Part 1 Business Economics
|Chapter||Units||English Medium||Hindi Medium|
|Chapter 1 Introduction to|
|Unit 1 Nature and Scope of Business Economics||Download||Download|
|Unit 2 Basic Problems of an Economy||Download||Download|
|Chapter 2: Theory of Demand|
|Unit I: Law of Demand and Elasticity of Demand||Download||Download|
|Unit II: Theory of Consumer Behaviour||Download||Download|
|Unit III: Supply||Download||Download|
|Chapter 3: Theory of Production|
|Unit I: Theory of Production||Download||Download|
|Unit II: Theory of Cost||Download|
|Chapter 4: Meaning and Types of Markets||Unit I: Meaning and Types of Markets||Download||Download|
|Unit II: Determination of Prices||Download||Download|
|Unit III: Price Output Determination under Different Market Forms||Download||Download|
|Chapter 5: Business Cycles||Download||Download|
Part 2- Business and Commercial Knowledge (BCK)
|Chapter||English Medium||Hindi Medium|
|Chapter 1: Introduction to Business and BCK||Download||Download|
|Chapter 2: Business Environment||Download||Download|
|Chapter 3: Business Organizations||Download||Download|
|Chapter 4: Government Policies for Business Growth||Download||Download|
|Chapter 5: Organizations Facilitating Business||Download||Download|
|Chapter 6: Common Business Terminologies||Download||Download|
To download PDF of of CA Foundation study material of all the papers for the May 2023 examinations, students can visit the given link.
CA Foundation Economics Notes
Students can download the ICAI Notes for the CA Foundation economics paper from the link below:
CA Foundation Economics Notes – Download PDF
Glossary for CA Foundation Economics Paper
The Economics subject involves various terms that have a particular meaning in correspondence to this particular subject. Situations like customer satisfaction point, availability of goods, purchase by customers, the shift in the price of commodities due to different reasons, and the number of brands or companies in a market for a single product have significant terms.
Therefore, ICAI has given a glossary of more than 50 terms which you can download from links below. It will help you to understand the meaning of any term easily. You can go through it before starting a chapter and use it as a reference whenever needed.
Self Examination Questions
Mock Test Papers with Solutions for Paper 4 of CA Foundation
Solving Mock Test Papers is the best way to know your preparation results. Solving regular Mock tests will help you study those study-specific topics that are still needed to be practised more. VSI Jaipur is the best CA Foundation Coaching Center that is known for providing regular mock test series to help students to prepare daily for the toughest exam in India. Below are the last year’s mock test papers that were given by ICAI for the CA Foundation Economics paper.
Besides this mock test paper, you should also practice previous year CA Foundation papers and other mock test papers.
You can also access more mock test papers and previous year Q/A click here.
Essential Tips for CA Foundation Business Economics & Business Commercial Knowledge Exam
In between studying for hours you need to create a plan for your subjects in time slots and follow some tips for CA Foundation Exam that will keep you energized and focused.
- Check the CA Foundation exam pattern. Business Economics and Business and Commercial Knowledge is an objective type paper. The minimum passing marks for this subject is 40% of the total marks.
- Give focus on which concept and formula fit in the best way. Concepts in Business Economics are interrelated to each other, you should understand what is the question before answering it. For example, Demand and supply are different concepts but they are interrelated. When both are involved in a question, understand what the examiner wants you to answer.
- This subject contains numerical questions. So you must focus on your calculation speed so that at first you can get enough time for understanding the concept involved in the question.
- Also, to excel in the economics paper, you also need to solve the CA Foundation question papers of previous years.
If you are looking for the complete compiler for CA Foundation Economics 2020 paper, then this article has everything that a student needs to know. From Weightage, mock test series, syllabus to revision Test Paper, go through the article, and do your study well. If you are also looking for the best coaching center in Jaipur, then VSI Jaipur is the best option to enroll yourself for the best. Get the best study material to help at the time of self-studies. VSI Jaipur is also known for the best CA Final Online classes to help students who live in remote areas or far away areas from the coaching center. VSI Jaipur team wishes you all to have a bright future and golden success in your CA Career.
Q1. Is Business Economics a difficult subject for students who are from the Science or Humanities stream?
Ans. The CA Foundation Business Economics paper consists of the initial level concepts and formulas. Commerce Students have an added advantage because they are cleared with the basics. But Science/Arts students can also easily pass in the paper once they have a clear understanding of concepts.
Q2. From where I can get the CA Foundation Economics question papers for June 2023 exams?
Ans. Students can visit the official website of ICAI to download the CA Foundation question papers for Economics. Or else, you can get them from the VSI Jaipur website.
Q3. When is the Business Economics CA Foundation Paper for June 2023?
Ans. The next CA Foundation Business Economics Paper will be held on 30th June 2023.
Q.4. Is there any exemption in the CA Foundation?
Ans. No, there is no concept exemption in the CA foundation. This option is only available for CA intermediate and CA Final students.
Q.5. When can one register for the CA Foundation course of Nov 2023?
Ans. The registration for the CA Foundation course of Nov 2023 is open now. Students can register before 1st July 2023.