This course covers the fundamental issues of both microeconomics and macroeconomics. On the micro side topics include demand and supply analysis, consumer theory, theory of the firm, and market structures. On the macro side the course covers a description of gross domestic product (GDP). Aggregate demand and supply analysis is used to explain business cycles as well as inflationary and deflationary output levels. Monetary and fiscal policy are explained. International trade and finance are covered under topics as benefits of trade, international organizations to facilitate trade, and exchange rate theory.