This course introduces economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time,and a great variety of other complex issues of vital concern to society. And also this course helps students to understand the world around them.
Economics is the study of cause -and-effect relationships in the economy. So studying economics enables students to understand past, present and future models and apply them to societies, governments, businesses and individuals.