This course is designed to provide students with a foundational understanding of economics and the application of statistical methods to business decision-making. It combines the study of economic theories and principles with practical statistical techniques to analyze and interpret data relevant to business environments. This course enables students gain a comprehensive understanding of microeconomic and macroeconomic theories and their applications in business contexts and learn to apply statistical methods and techniques to collect, analyze, and interpret data for informed business decision-making.

CILO-1: Collect, organize, and interpret data relevant to economics and business contexts. CILO-2: Analyze economic and business problems using descriptive statistics, probability distributions, hypothesis testing, and regression analysis. CILO-3: Apply statistical tools for informed decision-making in areas like marketing, finance, and operations. CILO-4: Apply statistical methods to real-world scenarios, such as market analysis, forecasting, and risk assessment. CILO-5: Evaluate economic and business data effectively using analytical and critical thinking skills.