ICAI’s Board of Studies publishes the official CA Foundation Business Economics Study Material as free PDFs, split across ten chapters covering demand and supply, production and cost, market pricing, national income, and more. This page has the section-wise marks weightage plus direct download links to every chapter and unit, for both ICAI editions currently live.
CA Foundation Business Economics: Syllabus and Marks Weightage
A deviation of maximum plus or minus 5% in the specified section-wise weightage is permitted by ICAI, and this table applies to both editions of the Study Material linked below since the topic list is identical in each.
| Topic | Section | Weightage |
|---|---|---|
| Introduction to Business Economics | I | 5% |
| Theory of Demand and Supply | II | 10% |
| Theory of Production and Cost | III | 10% |
| Price Determination in Different Markets | IV | 15% |
| Determination of National Income | V | 15% |
| Business Cycles | VI | 5% |
| Public Finance | VII | 10% |
| Money Market | VIII | 10% |
| International Trade | IX | 10% |
| Indian Economy | X | 10% |
Objective, per ICAI: to develop an understanding of the concepts and theories of economics and to acquire the ability for addressing application-oriented issues.
Download ICAI Study Material for Business Economics
ICAI currently has two editions of this Study Material live on its portal at the same time. Both cover the same ten sections, so pick whichever edition matches the physical or PDF copy you already have, rather than mixing chapters from both.
Edition 1: Applicable for May 2026 Exam Onwards
This edition applies to the May 2026, September 2026, and January 2027 attempts.
Chapter 1: Introduction to Business Economics — Unit 1: Meaning and Scope of Business Economics, Unit 2: Basic Problems of an Economy and Role of Price Mechanism
Chapter 2: Theory of Demand and Supply — Unit 1: Meaning and Determinants of Demand, Unit 2: Law of Demand and Elasticity of Demand, Unit 3: Theory of Supply
Chapter 3: Theory of Production and Cost — Unit 1: Theory of Production, Unit 2: Theory of Cost
Chapter 4: Price Determination in Different Markets — Unit 1: Meaning and Types of Markets, Unit 2: Determination of Prices, Unit 3: Price Output Determination Under Different Market Forms
Chapter 5: Business Cycles
Chapter 6: Determination of National Income — Unit 1: National Income Accounting, Unit 2: The Keynesian Theory of Determination of National Income
Chapter 7: Public Finance — Unit 1: Fiscal Functions: An Overview, Unit 2: Market Failure, Unit 3: Government Intervention to Correct Market Failure, Unit 4: Fiscal Policy
Chapter 8: Money Market — Unit 1: The Concept of Money Demand: Important Theories, Unit 2: The Concept of Money Supply, Unit 3: Monetary Policy
Chapter 9: International Trade — Unit 1: Theory of International Trade, Unit 2: The Instruments of Trade Policy, Unit 3: Trade Negotiations, Unit 4: Exchange Rate and Its Economic Effects, Unit 5: International Capital Movements
Chapter 10: Indian Economy
Edition 2: Relevant for May 2027 and Onwards Examination
This edition applies to the May 2027 attempt and every attempt after it, until ICAI issues a further update.
Chapter 1: Introduction to Business Economics — Unit 1: Meaning and Scope of Business Economics, Unit 2: Basic Problems of an Economy and Role of Price Mechanism
Chapter 2: Theory of Demand and Supply — Unit 1: Meaning and Determinants of Demand, Unit 2: Law of Demand and Elasticity of Demand, Unit 3: Theory of Supply
Chapter 3: Theory of Production and Cost — Unit 1: Theory of Production, Unit 2: Theory of Cost
Chapter 4: Price Determination in Different Markets — Unit 1: Meaning and Types of Markets, Unit 2: Determination of Prices, Unit 3: Price Output Determination Under Different Market Forms
Chapter 5: Determination of National Income — Unit 1: National Income Accounting, Unit 2: The Keynesian Theory of Determination of National Income
Chapter 6: Business Cycles
Chapter 7: Public Finance — Unit 1: Fiscal Functions: An Overview, Unit 2: Market Failure, Unit 3: Government Intervention to Correct Market Failure, Unit 4: Fiscal Policy
Chapter 8: Money Market — Unit 1: The Concept of Money Demand: Important Theories, Unit 2: The Concept of Money Supply, Unit 3: Monetary Policy
Chapter 9: International Trade — Unit 1: Theory of International Trade, Unit 2: The Instruments of Trade Policy, Unit 3: Trade Negotiations, Unit 4: Exchange Rate and Its Economic Effects, Unit 5: International Capital Movements
Chapter 10: Indian Economy
Why Two Editions Exist and Which One You Need
ICAI keeps the current edition live for students appearing up to a certain attempt, while already publishing the next print run for later attempts, so both sit on the portal together for a while. We checked topic by topic and the two editions cover identical content, with two structural differences worth knowing about.
First, Chapters 5 and 6 are swapped between editions. Edition 1 places Business Cycles at Chapter 5 and Determination of National Income at Chapter 6, while Edition 2 reverses this: National Income is Chapter 5 and Business Cycles is Chapter 6. Second, Edition 2 includes an extra Questions for Practice file that Edition 1 does not have. The weightage table at the top of this page applies to both editions without adjustment.
If your physical book or PDF says “Applicable for May 2026 Exam Onwards” on the cover, use Edition 1. If it says “Relevant for May 2027 and Onwards Examination,” use Edition 2.
Using This Alongside Your Revision
Once you have worked through a chapter from the Study Material, test yourself with our CA Foundation RTP for revision questions, and our CA Foundation MTP for full timed mock exams on the same syllabus.
If you are planning your revision schedule around this syllabus, our guide on how to revise the CA syllabus in 15 days breaks the process down step by step.
Frequently Asked Questions
What is the marks weightage for CA Foundation Business Economics?
Weightage ranges from 5% for Introduction to Business Economics and Business Cycles, up to 15% each for Price Determination in Different Markets and Determination of National Income, as detailed in the table above. ICAI permits a deviation of up to plus or minus 5% in any section.
Is the CA Foundation Business Economics syllabus changing for May 2027?
No. The topics, order, and weightage are identical between editions. The only structural differences are that Chapters 5 and 6 are swapped between editions, and Edition 2 includes an extra Questions for Practice file.
Where do I download the official ICAI Study Material for Business Economics?
Every chapter and unit PDF on this page is hosted directly on caharshgupta.com, downloaded from ICAI’s official BoS Knowledge Portal so the links stay stable and won’t break if ICAI reorganises its own site.
Should I use the RTP or the Study Material first?
Study Material first. It teaches the concepts in full. RTP and MTP come after, once you already understand a topic, to practice applying it under exam conditions.
Source: ICAI BoS Knowledge Portal, Study Material (New Scheme), Foundation and Section-wise Weightages.
