This course combines elements of both microeconomic and macroeconomic concepts. Traditional economic theories, fiscal and monetary policy, the role of the Federal Reserve, the budget deficit and the national debt are issues that comprise the macroeconomic section of the course. The microeconomic elements include analysis of the laws of supply and demand, marketing techniques, the organization of business firms and the stock market. Discussion and evaluation of the economic and political implications of these concepts are major components of this course.