B.Com Honours at VNSGU is three year duration program. It is based on semester system.

Subjects of I Semester

Business Economics - Paper - I

Financial Accounting - Paper – I

Business Regulatory Frame Work - Paper - I

Business Communication- I

Mathematics & Statistics - Paper - I

Business Environment- Paper – I

Human Resource Management- I

Environmental Studies – Paper-I

Business Economics Paper-1

Semester I Contents

1. Basic problems of an economy. Working of Price Mechanism

2. Law of Demand- Analysis of Demand function, Determinants of demand, Elasticity of Demand: Concept and measurement of elasticity of demand- price, income and cross elasticity, Average revenue, marginal revenue: importance of elasticity of demand.

3. Production Function-Law of Variable proportion- Isoquants- Economic regions and optimum factor combination- expansion path- Returns to scale- Internal and External economies and diseconomies- Ridge lines

4. Theory of Costs- Short run and long run cost curvestraditional and modern approaches.

Business Economics Paper-2

Semester II Contents

1. Market Structures: Market Structures and business decisions. Objective of Business Firm

a. Perfect competition: Profit Maximization and equilibrium of the firm and industry; Short run and Long run supply curves; Price and output determination; practical applications.

b. Monopoly: Determination of price under monopoly; equilibrium of a firm; Comparison between perfect competition and monopoly. Multi plant monopoly; price discrimination Practical applications

c. Monopolistic Competition: Meaning and characteristics; price and output determination under monopolistic competition; product differentiations; selling cost; Comparison with perfect competition; Excess capacity under monopolistic competition

d. Oligopoly: Characteristics, indeterminate pricing and output, Classical models of oligopoly; Price leadership; Collusive Oligopoly; Kinked Demand curve.

2. Factor Pricing-1: Marginal Productivity theory and demand for factors; Nature of supply of factor inputs; Determination of wage rates under perfect competition and monopoly; Exploitation of labour; Rent-concept; Ricardian and modern theories of rent; Quasi-rent.

3. Factor Pricing-2: Interests; concept and theories of interest; Profit- nature; concepts and theories of profit.