Introduction to Business Economics
Business economics is the field of applied economics. The discipline uses economic theory and quantitative methods to analyse business enterprises. The area focuses on various factors which contributes to diversity of organizational structures. It emphasis on relationships of firms with labor, capital and product markets. A business economic professional provides practical information for individuals for their job prospects in economic sectors. Business economics deals with issues concerning economics, business organization, management and problem issues. The subject covers the roles of entrepreneurs and entrepreneurship, capital relationship between customers and the government, employees and the firms. The diploma course enables the students to achieve excellence in the field. The course includes writing reports, presentations and public deliberations.
The students who have completed their degree course/10+2 are eligible for the course. They should possess good mathematical and analytical abilities. They should have keen interest in pursuing the course and decision making skills.
Additional Description of Diploma Business Economics
Business economics involves in studying the usage of resources for production, distribution and consumption of goods and services. The course prepares students to become professionals in the field of business economics and cater to the needs of economic settings. The course aims at providing intensive training program to impart in-depth knowledge of business operations and enables them to equip with strong ideas and research methods to understand business procedures. The course helps them to apply concepts and theories for thinking and to apply them as effective tools in the field. The program provides a pathway for them to communicate about how business operates a international environment. The students equip themselves to evaluate the business activities and practices. The training exposes them to conduct, analyse and interprets economic services and offers them ample opportunities to understand business economics in the international market.
The subjects of study includes business types, sources of finance, factors of production, land, capital labor, division of labour, economic of scale, production of policy, business expansion, mergers, assessing revenues, uses and value of money price mechanism, international trade and payments, credit types, retailers, wholesalers, legal environment, micro and macro economic analysis, applied business statistics, industrial economics, marketing management, strategic management, revenue, turnover, gross, profit.
The qualified students find ample jobs available in the country and abroad. The jobs are available in banks, educational institutions, financial firms. The profiles includes finance analyst, marketing agent etc.
Diploma Business Economics Admissions for 2020 - 2021 Academic Year
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