This one-semester course open to juniors and seniors is an introductory survey of the American free market system, and the art of making decisions within it, designed to acquaint students with broad concepts and practices and to raise their level of economic literacy. Emphasis is placed on fundamental concepts of both microeconomics and macroeconomics. Some of the concepts presented are scarcity and opportunity, cost, supply, demand, and prices. There will also be discussion about institutions, government, banking, the Federal Reserve, and trade. Practical and realistic economic decision making through simulation is emphasized.



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