This course broadly covers concepts of both micro and macroeconomics. Microeconomic topics include the study of scarcity and the political, economic, and social choices that are required to allocate resources. The concepts of demand and supply are investigated as they relate to prices. Market structures are defined and a company’s place in the market is analyzed. Macroeconomic topics include the formulation of data such as GDP and CPI, and their relation to economic growth and price inflation. We examine the appropriate level of government involvement in the economy. The globalization of our economy is threaded into discussions throughout the course. Personal economics and budgeting are also addressed.