Course Course Name L-T-P Credits Year of

No. Introduction
22 Business Environment 3-0-0 3 2015

Course Objectives
The objective of this course is to provide a general analysis of the factor which impact business
and influence business decision making.
Syllabus
An overview of business environment; economic environment of business; global environment of
business; economic system and policies of India relevant to business.

Expected Outcomes
This course is expected to impart to the students knowledge about important factors of business
environment relevant to decision making and enable them to design appropriate business strategies
suitable to the environment.

References
1. Abel, Andrew B, Ben Bernanke and Dean Croushore. Macro Economics.Pearson, 2013.
2. Agarwal, Vanita. Macro Economics: Theory and Policy. Pearson Education India, 2010.
3. Bedi, Suresh. Business Environment. Excel Books, 2005.
4. Datt, Ruddar and KPM Sundharam,Indian Economy.S Chand, 2013 (70th Edition).
5. Femando, A C. Business Environment.Pearson, 2011.
6. Hall, Robert E and David H Papell,Macro Economics: Economic Growth, Fluctuations and
Policy, Viva Books Private Limited, 2010.
7. Hill, Charles WL and Arun Kumar Jain. International Business:Competing in the Global
Marketplace, Tata McGraw Hill, 2009.
8. Kennedy, M and Maria John. Macro Economic Theory.PHI, 2011.
10. Misra, SK and VK Puri. Economic Environment of Business (With Case Studies). Himalaya
Publish-ing House, 2012.
12. Paul, Justin. Business Environment: Text and Cases. Tata McGraw Hill, 2010.
13. Vaish, M. C. Macro Economic Theory. Vikas Publishing House, 2009.
14.Govt. of India, annual Economic Survey.
15.World Bank, World Development Report (Annual)

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 Course Plan
Unit Topics % of marks in
final exam

I Overview of Business environment: Nature, structure and scope 20

of business environment- internal and external environments;
political and legal environment; overview of political philosophies
and systems; Indian judicial system.

II Economic Environment: Nature and features of Indian economy; 20

primary, secondary and tertiary sectors of the economy with
special reference to India; formal and informal sectors of
employment; trends in employment and unemployment; review of
economic development of India; India in the global economy;
SWOT analysis of Indian economy.

First Internal Examination

III Global Environment: Classification of economies; characteristics 20
of developed, developing, emerging and transition economies.
Business environment in developed and developing economies;
economic and demographic growth trends and economic and
business power shifts; competitive advantage of nations (Michael
Porter’s model). IMF - objectives and roles; World Bank and other
development banks - objectives and roles; WTO – functions/ role,
principles, an overview of WTO agreements, IPRs, evaluation of
WTO, impact of WTO on economy and business.

IV Economic System and Policies of India – The Controlled 20

Regime: Salient features and evaluation of industrial sector
policies of India until economic reforms; public, private and
cooperative sectors; MSME sector policies; evaluation of
economic and industrial development.

Second Internal Examination

V Economic Reforms and Business: Salient features of economic 20

reforms since early 1990s; industrial sector reforms; privatisation-
rational, advantages and draw-backs, ways of privatisation,
divestment in India; public private partnership – rational, models,
PPP experiences in India; major issues related to privatisation and
PPP; foreign investment liberalizations and their impacts.

Final Examination

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