This course introduces economic principles, theories and methods of analysis providing a framework for the application of economic theory to real-world problems for anyone interested and curious about economics. It provides one with a sound knowledge of and the ability to apply key principles of Economics to day to day events. Within this course we will look at both microeconomics and macroeconomics; the study of individual firms and the whole economy and concepts of economic growth, unemployment and financial crisis that continue to affect Botswana.
PURPOSE
The aim of this course is to equip employees with the skillsย to be able to understand the decisions we make as individuals, pension funds, investors and governments.
LEARNING OBJECTIVES
At the end of the course, participants should be able to:
Define Economics
Explain why wages for different professionals differ
Understand how governments utilize, prioritize or allocateย funds
Understand the growing interdependence of nations and how this can be used to offer an explanation for the global nature ofย the financial crisis
Understand both domestic and economic outlook
COURSE CONTENT
DURATION
TARGET GROUP
Introduction to economics
Demand and supply
Market structure
Labour market
Unemployment and inflation
Government spending and financing policies to address income inequality and poverty