Economics - What is economics?

What is Economics?

Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

OBJECTIVES:
To gain basic knowledge in Economics and understand the concept of management at the macroeconomics and microeconomics level.

Section A : Fundamentals of Economics
1. Basic concepts of Economics
2. Forms of Market
3. National Income
4. Money
5. Banking

Section B: Fundamentals of Management 50%
6. (a) Management Process
(b) Evolution of Management thought
7. (a) Concept of Power
(b) Leadership & Motivation
8. (a) Group Dynamics
(b) Management of Organizational Conflicts
9. Decision-making – types and process

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