The course objective is to introduce and cover traditional concepts of microeconomics, prompting students to think about current issues, consider competing views, and draw conclusions from various perspectives, tools, and alternatives. Emphasis is placed on topics such as: thinking like an economist; comparative advantage; introduction to supply and demand; elasticity; demand; perfectly competitive supply; efficiency, exchange, and the invisible hand of action; monopoly, oligopoly, and monopolistic competition; games and strategic behavior; an introduction to behavioral economics; externalities, property rights, and the environment; the economics of information; labor markets, poverty, and income distribution; public goods and tax policy; international trade and trade policy. The course will also cover the slow economic recovery from the last recession, especially related to individuals and businesses.