uLektz Skills

Learning Path

Non-Linear: Random Order

About the Course

Course Objectives

Understand Economic Principles: Equip students with a thorough understanding of microeconomics and macroeconomics.
Develop Financial Proficiency: Foster skills in financial reporting, analysis, and decision-making.
Integrate Knowledge: Combine economic theories with practical financial accounting practices.
Prepare for Real-World Challenges: Develop the ability to apply economic and financial knowledge in various business and policy contexts.

Learning Outcomes

Economic Understanding: Gain a comprehensive understanding of economic theories, models, and their applications.
Financial Literacy: Learn to prepare and analyze financial statements, and understand financial regulations and standards.
Analytical Skills: Develop the ability to interpret economic and financial data, and make informed decisions.
Practical Application: Apply economic and financial principles to real-world scenarios, including business planning, investment analysis, and policy-making.

Skills Developed

Analytical Skills: Ability to analyze economic trends and financial data.
Technical Skills: Proficiency in financial accounting software and tools.
Problem-Solving Skills: Identifying and addressing economic and financial issues.
Communication Skills: Effectively communicating financial information to stakeholders.
Strategic Thinking: Developing long-term financial and economic strategies.

Career Path

Financial Analyst: Evaluate financial data to support investment and business planning.
Economist: Conduct research and analysis to inform economic policies and business strategies.
Accountant: Prepare and manage financial statements and reports.
Financial Consultant: Provide advice on financial planning, investment, and risk management.
Policy Advisor: Work on economic policies and regulations for government or private organizations.
Business Manager: Oversee financial and economic aspects of a business.

Course Study Materials

Introduction to Economics and Accounting

1.1 Overview of economics and its relevance to business
1.2 Introduction to accounting and its role in business
1.3 The relationship between economics and accounting
Ref: Principles of Economics Duration:
Ref: Accounting Duration:
Unit1 Test 10 Questions

Fundamentals of Microeconomics

2.1 Supply and demand analysis
2.2 Market structures and competition
2.3 Constraint satisfaction problems
2.4 Production theory and costs
Microeconomics Duration:
Unit 2 Test 10 Questions

Fundamental of Economics

3.1 National income accounting
3.2 Economic growth and business cycles
3.3 Inflation and unemployment
3.4 Fiscal and monetary policy
Principles of Economics Duration:
Unit3 Test 10 Questions

Fundamentals of Macroeconomics

4.1 International trade theory
4.2 Exchange rates and the balance of pay
4.3 Global economic institution
Ref:Macroeconomics Duration:
Unit 4 Test 10 Questions

International Economics

5.1 Accounting principles and concepts
5.2 The accounting equation
5.3 Double-entry bookkeeping system
Ref: International Economics Duration:
Unit5 Test 10 Questions

Introduction to Accounting

6.1 Journal entries and T-accounts
6.2 Adjusting entries and closing process
6.3 Bank reconciliations
6.4 Petty cash management
Ref:Accounting Duration:
Unit6 Test 10 Questions

Financial Statement

7.1 Income statement
7.2 Balance sheet
7.3 Cash flow statement
7.4 Statement of changes in equity
Ref: Financial accounting Duration:
Unit 7 Test 10 Questions

Financial Statement Analysis

8.1 Ratio analysis
8.2 Trend analysis
8.3 Comparative analysis
Ref: Financial Statement Duration:
Unit8 Test 10 Questions

Cost Accounting Basics

9.1 Cost classification and behavior
9.2 Cost volume-profit analysis
9.3 Job costing and process costing
Ref Cost Accounting Duration:
Unit9 Test 10 Questions

Budgeting and Forecasting

10.1 Preparing operating budgets
10.2 Cash budgets
10.3 Flexible budgets
Ref: Planning, Sales forecasting and Budgeting Duration:
Unit 10 Test 10 Questions

Economics of Business Strategy

11.1 Game theory in business decisions
11.2 Pricing strategies
11.3 Investment decisions and capital budgeting
Ref: Thinking llike an Economist Duration:
Unit 11 Test 10 Questions

Government and the Economy

12.1 Regulation and deregulation
12.2 Taxation and its impact on business
12.3 Environmental economics
Ref: Economics regulations Duration:
Unit12 Test 10 Questions

Financial Markets and Institutions

13.1 Stock markets and bond markets
13.2 Financial intermediaries
13.3 Central banking and monetary policy
Ref: Financial markets Duration:
Unit 13 Test 10 Questions

Ethics in Economics and Accounting

14.1 Ethical considerations in economic decision-making
14.2 Accounting ethics and professional responsibility
14.3 Corporate governance and social responsibility
Ref: Ethics in Economics Duration:
Unit 14 Test 10 Questions

Digital Tools in Economics and Accounting

15.1 Introduction to accounting software
15.2 Economic data sources and analysis tools
15.3 Blockchain and its potential impact on accounting
Ref: Digital Economics Duration:
Unit 15 Test 10 Questions

Final Assessment

Final Assessment 10 Questions

The certificate issued for the Course will have

Student's Name
Photograph
Course Title
Certificate Number
Date of Course Completion
Name(s) and Logo(s) of the Certifying Bodies

Only the e-certificate will be made available. No Hard copies. The certificates issued by Odisha State Open University, Sambalpur. can be e-verifiable at www.ulektzskills.com/verify.

Students will be assessed both at the end of each module and at the end of the Course.
Students scoring a minimum of 50% in the assessments are considered for Certifications