COMMERCE & ECONOMICS

COMMERCE & ECONOMICS

FOUNDATIONAL COURSE IN COMMERCE & ECONOMICS: Commerce is the study of the exchange of goods and services between suppliers and customers. It discusses about transactions that take place at national and international level and looks at the impact of globalisation and marketing on commercial activities and economic growth. Economics deals with the the behaviour of businesses and industries, governments and countries, and the globe as a whole.

COURSE OBJECTIVE:

Courses aim to provide students with a basic understanding of the principles and concepts of economics, including micro and macroeconomic theories, supply and demand, market structures, and factors that influence economic decisions.

Knowledge of financial and accounting principles: The courses aim to introduce students to basic accounting principles, financial management concepts, budgeting, financial analysis, and decision-making tools.

Business Environment: Understanding the different types of business organizations, the role of government in regulating business, and the impact of social, cultural, and ethical factors on business.

Economics: The basic principles of micro and macroeconomics, demand and supply, market structures, inflation, and monetary policy.

Accounting: Introduction to financial accounting, including the principles of double-entry bookkeeping, preparation of financial statements, and analysis of financial performance.

Finance: An overview of financial management, including financial planning, budgeting, capital structure, and risk management.

UG PROGRAMS: B.A. Economics, B.Com.

PG PROGRAMS: M.A. Economics, M. Com, MBA.

COURSE DURATION: 2 days

CAREER OPTIONS:

Accounting and Auditing: Accounting firms, auditing firms, or in-house accounting departments of companies. They can pursue certifications like Chartered Accountancy (CA), Cost and Management Accountancy (CMA), and Certified Public Accountant (CPA) to enhance their career prospects.

Finance: Banks, financial institutions, or investment firms. They can pursue certifications like Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) to enhance their skills and expertise in the field of finance.

Consulting: Analysis and advice to clients in a variety of sectors such as healthcare, energy, and public policy.

Government agencies and departments: Federal Reserve, the Treasury Department, or the Bureau of Labour Statistics. They can work as economists, analysts, or policy advisors.

Non-profit organizations: International development organizations, charities, and advocacy groups. They can work as economic researchers or policy analysts, helping to identify and address economic and social issues.