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CSEET Paper 3 - Economic and Business Environment
Economic and Business Environment is Paper 3 of ICSI's restructured CSEET, effective from the June 2026 session. It is a 100-mark descriptive paper of 3 hours and is split into two clear halves - economics and the environment a business operates in.
Part A - Economics
- Basic concepts - scarcity, opportunity cost, demand and supply, elasticity and consumer behaviour
- Theory of production and cost; market structures - perfect competition, monopoly, monopolistic competition and oligopoly
- Macroeconomics - national income and its measurement, inflation, money and banking, and the role of the RBI
- The Indian economy - liberalisation, fiscal and monetary policy, and current economic reforms
Part B - Business Environment
- Forms of business organisation - sole proprietorship, partnership, LLP and company
- Key business functions - finance, marketing, human resources, production and operations
- Entrepreneurship, startups and the government schemes that support them
- Government policy and regulation as a factor in business decisions - the bridge to the CS role
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