RATIONALE
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
- Globalisation
- Trustees for pension funds
- HR personnel
- Line managers
- Shop stewards
- Wage negotiators
- Trade union leaders
- NGOs professionals