Economics provide basic know how of demand and supply analysis, market equilibrium , types of markets, monopoly, oligopoly and monopolistic competition, pure competition, pricing strategies, bundling, interest rates etc. Economics itself has two branches micro economics and macro economics. Micro-economics deals with economics at narrower or individual level whereas macroeconomics deal with wider aspect at country's level. The world economy and the overall country's conditions are more related to macro economics. The tools of economics will allow you to fully understand the dynamics of an economy and various relationships such as employment, inflation, income, consumption etc.
