1st Year

This course introduces economic principles and their real-world applications, focusing on decision-making in the face of scarcity. Key topics include scarcity and choice, demand and supply, macroeconomic concepts like GDP and inflation, and international trade. Through lectures, discussions, and activities, students will explore how economic actors such as individuals, businesses, and governments allocate resources and determine market prices. Additionally, this course introduces macroeconomic concepts which shape national and global economies. Students will gain valuable insights into economic behavior and policymaking. By the end of the course, students will be equipped with critical economic thinking skills and analytical tools for addressing real-world issues effectively.