The course provides an overview of the basic economic principles and their applications to many real-life situations. It previews some of the big ideas that recur throughout economics, such as opportunity cost, the tools of supply and demand. It also focus on the applications of economic theory to national policy issues such as growth, inflation, unemployment, government expenditures, taxation finance and the role of money.

The course seeks to develop an understanding how an economy works. It enables students to get a better understanding of the world they live in. It also helps them make better decisions as individuals or future executives in any type of organization or venture. All courses are linked to economics because most decisions and policies are made within an economic framework.