CA Inter (New Syllabus) Paper 8 - Section B 'Economics for finance'
Here are some basic fundamental analysis of each topic I would like to give you, so that after reading this article you could find yourself in a very energetic state to study and finish these new topics with fluency. Well for the commerce students it would be very easy to understand as the topics are very similar to your 12th Class Economics subject but other fields students don't worry it is not rocket science, once you understand why it is in your course and understand the fundamental background you would love this and would easily understand.
Now let's a have look on each Chapters:
Chapter I: Determination of National Income: In general it is the value of all goods and services produced by the company during a year. There are few theories and formulas given. You can focus more on practical part and few important definitions. It is very easy and scoring subject, you can expect around 30% weightage from this topic.
Once you go through this topic you would came to know about how our country's economy is working, so with that you can also plan your source of finance also you could be able to describe the system of regional accounts in India, in this you can boost your career even.
Chapter II: Public Finance: Public finance is the study of the role of the government in the economy and how the Government raises its resources to meet its ever-rising expenditure. As Government is concerned with the income and expenditure of public authorities and with the adjustment of one to the other.' You would understand the Fiscal functions, Market Failure, Government Interventions to Correct Market failure and various fiscal policies.
This is easy chapter you don't need to grab it, only two readings are enough to give exams. Around 20-30% weightage is expected and you need to focus on theory part.
Chapter III: Money Market: This is a mixture of theory and practical where both the parts are interesting and knowledge full. Again it is a scoring subject and you have to focus on both theory as well as practical. You would understand various demand supply price policies and few important theories.
You would also learn about 'Money Supply', its measurement and how banks/ stock market functions and what is monetary policy and its significance. 20-30% weightage is expected from this topic as well.
Chapter IV International Trade:- As the name suggests 'International Trade' it is a exchange of goods or services across countries. International trade does not require any introduction or its career advice as it is so popular and very trending since long. Everybody is aware about its term and importance but one must also learn about international trade policy, its instruments, what is a trade negotiation, and all about exchange rates and economic effects without knowing this no one can go ahead with international trading.
For students it is a theory subject again as it is practically so important hence it must be important from Exams point of view also.
Now the question arises how to prepare, without wasting time and refer other materials, I personally refer Study Material. I had gone through it is very student friendly , having good summary notes and Questionnaires , after reading this you won't feel unsatisfied as it is a package of brief introduction, detailed analysis, good Examples, Summary notes. Download the Material from https://www.icai.org/post.html?post_id=13634 (New Course)
I hope now you must be ready enough to get start with your books and study energetically.