This course continues to analyze the major concepts presented during the first semester while emphasizing current economic issues. Third quarter examines the growing economic interdependence between nations, globalization and free trade versus isolationism and protectionism, emerging economies among LDC's and LDC's that are declining into fourth world status, and America's role in the world economy. During the fourth quarter students will create their own business plan that examines what it takes to open a business including financing, marketing, real estate, employee benefits, insurance and a cost analysis of the various facets of their business proposal. Prerequisite: Introduction to Economics.