1. Mathematical and Statistical Skill- It communicates the knowledge of basic mathematics to study the economic theories at undergraduate level, specifically the courses of microeconomic theories, macroeconomic theories. It helps the means of illustrating the methods of applying mathematical techniques to economic theories in general. In statistical part we discuss the basic concepts of statistics its terminologies that are fundamental for statistical analysis like the process of sampling for data collection, Probability, probability distribution of discrete and continuous random variables and sampling and statistical errors.

2. Theoretical Knowledge- It increase the ability to understand the different micro andmacro-economic theories and their functioning in economic system.