This course introduces the students to language skills required in different business situations. Upon completion of this course, students should be able to communicate effectively in a variety of situations, write replies to inquiry / request letters, read and respond to texts for a variety of purposes, compose memo type reports, write five paragraph essays and use presentation techniques effectively and make brief presentations.

This basic course is designed to introduce the microeconomic theories, tools, and methods of analysis that are useful in the study of various economic issues in micro-level decision-making. This is a compulsory course that covers the intermediate theory of demand and supply, theories of consumer behaviour, short-run and long-run cost and its behaviour, production in the short run and in the long run, market structures and competition, factor market for labour, general equilibrium, and welfare. At the end of the course, students will be able to explain microeconomic concepts and apply microeconomic principles in day to day and business decision making. The pre-requisite for this course is Business Mathematics.