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PRC-3: BUSINESS AND ECONOMIC INSIGHTS

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1. Discuss the business and its long-term vision and objectives.
2. Explain the concept of sole proprietorship, partnerships, private, public limited and public sector companies.
3. Describe key features of general laws that govern partnership and limited companies.

1. Explain functional, divisional, matrix and virtual organizational structure.
2. Explain the purpose and importance of different types of functional and operational areas within organizations
3. Discuss the fundamentals of recruitment, development and retention of human resources.
4. Elaborate on the level, role and types of information systems in business organizations.
5. Discuss concepts of branding, marketing and selling.
6. Understand the difference between conventional and Islamic banking

1. Identify various sources of financing available to a limited company along with their advantages and disadvantages.
2. Apply the concept of financial leverage to business scenarios.
3. Explain the nature of ethics for business decisions.
4. Discuss the importance of core values for a business organization.
5. Identify the features of globalization, including the role of multinationals organizations and emerging markets.

1. Define basic economic concepts.
2. Discuss the production possibility frontier and its relevance to the concept of opportunity cost for different economic analyses.
3. Discuss features of planned, mixed, market economy and Islamic economic system.
4. Discuss the law of demand.
5. Discuss the law of supply.
6. Discuss market equilibrium and its dynamics.
7. Discuss the elasticity of demand and supply.
8. Describe basic concepts of the firm’s costs and revenue.
9. Discuss short and long-run equilibrium of firms under perfect competition, imperfect competition, monopoly, monopolistic competition and oligopoly. (Understanding of the graphs is not required)

1. Discuss the measurement of national income, nominal and real gross domestic product, gross national product, net national product, personal income and disposable personal income per capita.
2. Explain the functions of consumption, saving and investment.
3. Basic concepts of multiplier and accelerator principle.
4. Discuss the different phases of the business cycle and the indicators.

1. Discuss the nature and objectives of taxation.
2. Discuss the kinds and objectives of fiscal policy.
3. Discuss the concepts associated with money and banking.
4. Define the functions of a central bank and the role of the State Bank of Pakistan.
5. Define monetary policy and its objectives.
6. Discuss inflation, its causes, measurement and impact.
7. State unemployment and its types.
8. Discuss the balance of payment and trade and their trends in Pakistan.

PRC-3: BUSINESS AND ECONOMIC INSIGHTS

Sir Yousuf

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Sir Yousuf

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Subject Specialist PRC-3
5+ years of Experience
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PRC-3 Economic & Business Insights

Explore the fundamental concepts of micro and macroeconomics and their impact on the business world. This course provides a clear understanding of market dynamics, national income, and the global economic environment, helping you analyze how economic shifts influence business strategy.

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