This course provides an introduction to the economic way of thinking and to the economist's view of the world and introduces economic analysis of individual, business, and industry choices in the market economy. Topics include the study of individual consumers, groups of consumers, and firms. The course will focus on how individuals make decisions that affect their income and wealth, how firms make decisions that affect profits and production, and how government regulation affects individuals and firms. This course attempts to develop a student's ability to think about the consumers and producers’ behaviors and give detailed knowledge of microeconomics. Students learn both a specific set of analytical tools and how to apply them to current policy issues.