Economics for Non-Economists

Rationale

Introduces economic principles, theories and methods, covering microeconomics and macroeconomics and concepts of growth, unemployment and financial crises affecting Botswana.

Purpose

Equip employees to understand the decisions made as individuals, pension funds, investors and governments.

Learning objectives

• Define economics
• Explain why wages differ
• Understand how governments allocate funds
• Understand the interdependence of nations and the global financial crisis
• Understand the domestic and economic outlook

Course content

• Introduction to economics
• Demand and supply
• Market structure
• The labour market
• Unemployment and inflation
• Government spending and financing policies to address income inequality and poverty
• Globalisation