Dear Trainees,Welcome to the Practice of Economic Skills course! This program is designed to build your understanding of key economic principles and how they apply in real life. You’ll explore topics like demand and supply, production, national income, and trade—gaining skills that support smart decision-making in business and community settings. Approach each lesson with curiosity and commitment. Your ideas, questions, and reflections will enrich the learning experience. We’re excited to walk this journey with you as you grow into confident, capable economic thinkers and future leaders.Warm regards,
Economics as a course examines how societies allocate scarce resources to satisfy unlimited wants. It involves studying microeconomics (individual and firm decisions) and macroeconomics (economy-wide phenomena like inflation and unemployment), often integrating mathematics and statistics to analyze real-world issues and inform policy.
The Principles of Management unit is a foundational course that introduces learners to the essential concepts and practices of effective organizational leadership. It explores the core functions of management—planning, organizing, leading, and controlling—and examines how these functions are applied in real-world settings to achieve organizational goals.
A major focus of the unit is Henri Fayol’s 14 principles of management, which include key ideas like division of work, authority and responsibility, unity of command, and equity. These principles provide a framework for decision-making, delegation, communication, and team coordination. The unit also covers different management theories, leadership styles, motivation techniques, and organizational structures.
Students learn how to balance centralization and decentralization, foster discipline and initiative, and maintain a clear chain of command. Through case studies, discussions, and practical assignments, the unit emphasizes both theoretical understanding and practical application.
By the end of the course, learners gain a solid grasp of how managers operate within organizations, how they influence performance, and how they adapt to changing environments. This knowledge prepares students for leadership roles and further studies in business, entrepreneurship, or public administration. It’s a vital stepping stone for anyone aiming to understand how organization function and thrive.
