Course Description: Introduction to management principles, concepts and techniques, management process and functions including: 1) Planning and decision-making, organising, staffing, leadership, motivation, communication and control. 2) Nature and importance of business and its objectives, development of a fundamental understanding of some essential functions in business such as production and operations, marketing, finance, and human resource management.
Course Aim: The course aims to impart practical knowledge about management by answering questions like what the managers do in the organisations and how to perform managerial functions and day-to-day business operations.

Course Description: Fundamental economics concepts, opportunity cost, scarcity, demand, supply, price mechanisms, household behavior, government role, utility, market structure, profit maximization, theory of the firm, income, applied microeconomics.

Course Aim: The aim of the course is to give students an overview of microeconomic analysis, including aspects such as how individuals prioritize their needs with limited resources, human behavior in buying and selling, and how decisions are made under uncertainty and different market structures.