The course aims to introduce the basic principles of microeconomics and macroeconomics, and also how corporate performance is affected by major economic indicators. It also introduces the basic principles and techniques of statistics used in business. In addition, it develops students’ ability to apply the learned theoretical concepts to analyse and resolve real-life economic issues in various business settings, in a global context. It also develops students’ ability to apply learned techniques to analyse real world business and economic data to make better business decisions. Knowledge and techniques from this course also helps students have better understanding of the accounting process and how it is related to economic activities.