This course focuses on the organization and operation of the American economy for the production and distribution of goods and services. Students are introduced to the principles of microeconomics and the implications of policy choices by the public sector impacting businesses. The emphasis is on mechanism behind the pricing of products and factors of production in market situations varying from competition to monopoly. In addition, students learn to analyze microeconomic data and apply the abstract theoretical models into real life situations. Satisfies SEEDS Political and Civic Life student learning outcome in alignment with Engagement, Agency and Leadership value.