Practice Economics is a course designed to bridge theoretical economic concepts with real-world applications. It focuses on equipping students with practical skills to analyze and interpret economic data, understand market dynamics, and make informed decisions in various economic settings. The course explores key topics such as demand and supply, elasticity, production and cost analysis, market structures, and pricing strategies. Learners also study the role of government in economic regulation, fiscal and monetary policies, and the impact of global trade. Emphasis is placed on using economic tools to solve practical problems faced by businesses, individuals, and governments. Through case studies, simulations, and real-life examples, students develop analytical and decision-making skills essential for economic planning and management. Practice Economics prepares learners for roles in business, policy-making, and entrepreneurship by fostering a deep understanding of how economic forces influence everyday choices and the functioning of markets and economies at both local and global levels.
- Teacher: Shadrack Ronoh