Explain the basic concepts of the subject of economics, different kinds of a firm, concepts like utility, demand and supply and its application in life, consumer and producer and the gains they make in a market, and the effect of tax.

Determine the functional requirement of a firm under various competitive conditions.

Examine the overall performance of the economy, and the regulation of economic fluctuations and its impact on various sections in the society.

Determine the impact of changes in global economic policies on the business opportunities of a firm.