Students learn about the “economic way of thinking” and the applications of this reasoning to their daily lives. This is not a course in business, personal finance or investing, but rather an investigation of fundamental concepts of economics such as scarcity, opportunity cost and marginal analysis, the role of prices in allocating goods and services, applications of the supply and demand model to various public policy issues, market structures and antitrust policies, environmental economics, and the role of the Federal Reserve and money.