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Saturday, August 01, 2020

CMA FOUNDATION: PAPER 1 FUNDMENTALS OF ECONOMICS AND MANAGEMENT | SYLLABUS AND QUESTION PAPER PATTERN


PAPERS & CONTENTS
Syllabus 2016 – Foundation Course:
Paper – 1: Fundamentals of Economics and Management
Section A: Fundamentals of Economics (50%)
Section B: Fundamentals of Management (50%)
1. Basic concepts of Economics 20%
2. Forms of Market 20%
3. Money and Banking 10%
4. Management Process 50%
Section A: Fundamentals of Economics [50 Marks]
Section A is divided into two parts.

First part consists of total 30 short answer type questions which are summarised as follow:
Type of Questions
No. of Questions
Total Marks
Multiple Choice Questions
20 Questions
20x1 = 20
Match the following
5 Questions
5x1 = 5
True or False
5 Questions
5x1 = 5
Total Marks
30
Second part consist of total 20 marks in which you have to attempt 4 questions carrying 5 marks each out of 7 given questions.
Section B: Fundamentals of Management [50 Marks]
Section B is divided into two parts.
First part consists of total 30 short answer type questions which are summarised as follow:
Type of Questions
No. of Questions
Total Marks
Multiple Choice Questions
20 Questions
20x1 = 20
Match the following
5 Questions
5x1 = 5
True or False
5 Questions
5x1 = 5
Total Marks
30
Second part consist of total 20 marks in which you have to attempt 4 questions carrying 5 marks each out of 7 given questions.
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Detailed Syllabus of Fundamentals of Economics and Management
Section A: Fundamentals of Economics
1. Basic Concepts of Economics – Micro & Macro Economics
(a) The Fundamentals of Economics
(b) Utility, Wealth, Production
(c) Theory of Demand (meaning, determinants of demand, law of demand, elasticity of demand price, income and cross elasticity) and Supply (meaning, determinants, law of supply and elasticity of supply)
(d) Equilibrium
(e) Theory of Production (meaning , factors, laws of production- law of variable proportion, laws of returns to scale)
(f) Cost of Production (concept of costs, short-run and long-run costs, average and marginal costs, total, fixed and variable costs)
2. Forms of Market: Pricing strategies in various forms of markets
3. Money and Banking
(a) Definition of Money, Types, Features and Functions
(b) Definition, functions, utility, principles of Banking
(c) Commercial Banks, Central Bank
(d) Measures of credit control and Money Market
Section B: Fundamentals of Management
4. Management Process
(a) Introduction, planning, organizing, staffing, leading, control, communication, co-ordination
(b) Concept of Power, Authority, Delegation of Authority, Responsibility, Accountability
(c) Leadership & Motivation – Concept & Theories
(d) Decision-making - types of decisions, decision-making process.

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