The functioning of the economy is important to everyone's well-being.
Economic literacy is crucial in every facet of everyday decision making.
Emphasis is on the roles of the private and public sectors and on the interaction that takes place between those sectors within a market economy. Use fundamental economic principles to understand and analyze the choices that individuals and nations make everyday. Argue the pros and cons of governmental intervention in the private economy. Understand alternative governmental policy measures designed to achieve and maintain a price level, full employment, and economic growth.