Economics and Business Environment

Topics: Economics, Economy, Law Pages: 2 (291 words) Published: August 28, 2013
MB-107
BUSINESS ENVIRONMENT AND BUSINESS LAWS

(3 CREDITS)

OBJECTIVE:
The objective of this paper is to sensitize the student about the business environment in the Indian context. The political, economic, legal and technological environment is also included in the course.

Unit1 Business Environment: Concept, Nature and scope of Business Environment, Global Business Environment, Business Environment in the Indian context [6]

Unit2 Economic Environment : Types of economic policies, economic liberalization, fiscal and monetary policies and budget; WTO and international economy Industrial policy – Trade Policy – Economic Development and role of government – Privatization & Public Systems Management.[10]

Unit3 Political & Legal environment: Political institutions – Legislature – executive – Judiciary interaction between political institutions and business, firm; legal framework of business; Company laws; Labor legislations: Consumer Protection Act, 1986. [6]

Unit4 Technological Environment; Impact of Technology, Technology and Society; Trends in Technology Management, Issues & Challenges [6]

Unit5 Social Environment: Business and Society: Social responsibility of Business; Social pressures, groups and dimensions. Natural Environment: Environmental aspects in business – Environmental hazards: Government role and interventions. [6]

Unit6 Indian Contract Act – 1872. Sale of Goods Act 1930 - - Negotiable Instruments Act 1881 – Companies Act – 1956 – Consumer Protection Act and Cyber Laws, MRTP Act. Competition Law Environmental Act. [6]

SUGGESTED READINGS:
1. Ashwathappa (2011) Essentials of Business Environment. Bombay: Himalaya Publishing House 2. Francis Cherunilam (2007) Business Environment. Bombay: Himalaya Publishing House, Bombay 3. Agarwal, Raj (2002) Business Environment, New Delhi: Excel Books 4. Mathew M.J. (2003), Business Environment: A study of socio cultural, economic and legal environment in business, Jaipur...
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