CS Foundation Business Environment & Entrepreneurship

CS Foundation - Elements of Business Laws

CSFC Elements of Business Laws Complete Video Lectures from Ideal Classes

Overview of CS Foundation - Elements of Business Laws

CSFC Elements of Business Laws Complete Video Lectures from Ideal Classes consists of top quality video lectures of around 20 hours duration. The full eCourse Package along with the required software is delivered in a 8 GB pen drive or SD Card. The eCourse is suitable for consumption on Windows PC/Laptop or Android Tablet/Smartphones.

Table of contents


1. Nature and Scope of Economics

Definition, nature and scope of economics; micro and macro economics; positive and

normative economics; working of economic systems with special reference to the

capitalistic, socialistic and the mixed economies.

2. Demand Analysis

Utility analysis - total utility and marginal utility; law of diminishing marginal

utility; law of equi-marginal utility; indifference curves - meaning, properties, marginal

rate of substitution; consumers’ equilibrium; law of demand; elasticity of demand.

3. Production, Costs and Revenue Analysis

Laws of returns; returns to scale; costs and revenue concepts and their relationship

with output; economies and diseconomies of scale.

4. Equilibrium of the Firm and Industry

Price and output determination under perfect competition, monopoly and

monopolistic competition.

5. National Income

Concept, significance and measurement of national income.

6. Money and Credit

Concept of money and credit; the Quantity theory of money; the supply of money;

credit creation by bank; functions of central banking and its instruments of credit control.

7. Theory of Employment and Income Determination

Framework of Keynesian theory of income and employment, consumption function,

investment function and their determinants, investment multiplier; determination of level

of income and employment; Keynesian theory with reference to developing economies.

8. Inflation and Deflation

Concept and features of inflation, demand pull and cost push inflation; measures to

control inflation; deflation and measures to control it; stagflation.

9. International Trade and Balance of Payments

Theory of comparative cost advantage, terms of trade and their determinants, concept

of rate of exchange; balance of trade and balance of payments and their relationship,

measures against balance of payments disequilibrium.

About faculty of CS Foundation - Elements of Business Laws

Prof Mayuri Tridedi
Prof Mayuri Tridedi is a lecturer of Law Subject at Ideal Classes

About institute

Ideal Classes, Mumbai
Founded by Prof. Jagdish Walavalkar, IDEAL began as a modest classroom coaching institute 25 years ago. Today, IDEAL educates thousands of students across India. It moulds over 12,500 students every year via satellite, online and distance learning; along with classroom coaching. It has always championed the cause of quality education. Its courses are delivered across 6 streams and 29 courses. IDEAL has always believed in dedication. Precisely what its 200+ expert teachers give every student across its 167 classrooms, every day. Pioneering education has always been IDEAL's aim. IDEAL was the first institute to receive ISO 9001 certification, first institute to have an independent teachers training program. It is the only coaching institute to have a dedicated in house placement service for its students. But there are greater milestones to be covered on the road to refined learning. IDEAL has an advanced coaching system that will revolutionise teaching, and change the way students learn. In the coming years, students across all streams of education will be able to experience this refined system.IDEAL empowers students to soar high and aim higher everytime.

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