1. Business Environment : Concept, Significance, Components of Business Environment and Factors Affecting Business Environment 2. Social Responsibilities of Business 3. Economic System : Capitalism, Socialism, Mixed Economy and Communism 4. Public Sector 5. Private Sector 6. Industrial Policy : Its Historical Perspective 7. Socio-Economic Implications of Liberalisation, Privatisation and Globalisation (LPG) 8. Role of Government in Regulation and Development of Business 9. Monetary Policy 10. Fiscal Policy 11. Export-Import Policy (Exim Policy) 12. Foreign Exchange Management Act. (FEMA) 1999 13. International Business Environment 14. Trends in World Trade 15. WTO : Objectives and Role in International Trade.