S. P. MANDALI’S PRIN L. N.

WELINGKAR INSTITUTE OF MANAGEMENT

DEVELOPMENT & RESEARCH

ACADEMIC DELIVERABLES CELL (ADC)

TEACHING AND LEARNING PLAN (TLP)

Title of the Subject Economics of Business Environment

Subject Code GM 404
No. of Credits 1.5
No. of Hours 16
No. of Sessions 8
Marks 50
Pre-requisite Subject(s), if any NA
Name of the Program/Division PGDM Healthcare 2020-22
Specialization, if any
Subject Revision No.
Academic Year 2021-2022
Trimester IV
Syllabus Revision No.
Name of the Faculty Dr. Suniti Nagpurkar
Faculty Email Address sunitinagpurkar@yahoo.com
Faculty Mobile No. 9833216701

Description of the Subject:

This subject is to introduce macroeconomics concepts to students and to make students

aware about how business environment affects businesses. The subject is designed to
provide students with an understanding of the forces that shape the healthcare sector in
particular. This is done by enabling an understanding of the demographic, economic,
competitive and technological developments that transform the marketplace and impact the
retail business models. An understanding of the causes that lead to success and failure is
also drawn upon.

Course Objectives:
1 To understand the foundation of business strategies through understanding
Environment of Business.
2 To understand range of issues like sustainable Development and globalization.
3 To help students carry out an environment scan to identify business Opportunities
and threats.

1
Course Outcomes (CO):
Course Course Outcome Blooms Level
Outcom (in word)
e
Number
CO1 Students be able to describe the basics of macro economics in Understanding
local and Global perspective , Applying,
Analyzing,
Evaluating
CO2 Understand the trends at macro level in Indian context Understanding
, Analyzing
CO3 Carry out a SWOT analysis Applying,
Analyzing
CO4 Understand and apply analytical tools and techniques to the Understanding
health care sector environment. , Applying,
Analyzing,
Evaluating

Mapping of Course Outcomes (CO) to the AOL goals

Role of Self Health- Bloom’s
Critical
AOL Global in the Or- care Busi- Level
Leader- Innova- Analyti- Communica-
Goal/ Perspec- ganization ness
CO
ship tion cal tion Skills
tive & in Soci- Knowl-
(numer-
Thinking als)
ety edge
CO 2,3,4,5
3 2 2 3
1
CO 2,4
3 2 2 3
2
CO 3,5
3 2 2 3
3
CO 2,3,4,5
3 2 2 3
4

Detailed Session Plan:

Sessio Topic and Subtopics to be CO(s) Pedagogy
n No. Covered Mappe
d to the
Topic
1 Introduction to Macroeconomics- CO1
Understanding the relevance and Lecture & discussion with the
importance of help of PPTs
Macroeconomic factors for
Business Decisions
2 Basic Concepts - National CO1,2 Lecture & discussion with the
Income –Savings-Consumption- help of PPTs
Investment’ Inflation; Data Analysis
Unemployment; Business Cycles.
( Current Indian Context)
2
3 Introduction to Economics of CO1,2,3 Lecture & discussion
Environment, Sustainability and
Climate Change.
4 Basic Themes in Open Economy CO1,2,3 Lecture & discussion with the
Macroeconomics – Trade help of PPTs
Theories; Balance of Payments;
Exchange rate Determination;
India’s External Sector
5 Introduction to Business CO Lecture & discussion with the
Environment, SWOT analysis, 1,2,3, 4 help of PPTs
environmental scanning – PESTEL
Analysis;
6 Globalization and impact on CO Lecture & discussion with the
business. Role of FDI; Global Value 1,2,3, 4 help of PPTs
Chains in International Trade.
7 WTO and international trade CO 1, 4 Lecture & discussion with the
agreements help of PPTs

8 Role of Macro-Economic Policies – CO 1,2, Lecture & discussion with the

Monetary; Fiscal and Industrial 4 help of PPTs
Policies.

Reference Texts/Books/Websites/etc:
1. Business Environment: Text and Cases (22nd edition), Francis Cherunilam, 2013 In-
ternational Business (12th edition), John D Daniels et al.
2. Macro-Economics, by R Dornbusch and S Fischer.
3. Macroeconomics by Errol D’Souza, 2nd Edition, Pearsons

Recommended Reading:
1. Economic Surveys 2017-18,, 18-19,19-20 ,2021 Ministry of Finance; Govt. of India.

Assessment Method:
Evaluation Schedule
Evaluation Methodology % of marks assigned The Course
Outcome that it
will measure*
1. Surprise quizzes
2. Case evaluation
3. Group presentations 20 CO 1,2,3,4
4. Mid Term Evaluation
Nature of Mid Term Evaluation be
captured ( quiz, presentation, case
study , etc )
5. Project
6. Any other evaluation method:
Ongoing Class Participation and
Engagement
7. End Term Exam 30 CO 1,2,3,4

3
 TLP submitted by Approved by
Teaching Faculty Program Head Dean – Specialization
Name Dr. Suniti Nagpurkar Bhagwati Prasad
Signature
Date