. This course addresses the basic economic tools of supply and demand, consumer demand and behavior as measured using the concepts of utility and elasticity, the costs of firm production and their relationship to output, market structures and the production and profit- maximizing decisions of firms within the four primary market models, how government regulation influences market outcomes, the operation and role of key factor markets including the labor and financial markets, the tax system and the distributional issues associated with equity versus efficiency, and the fundamentals of international trade and finance and their influence on economic outcomes. EDE – EDUCATION: ELEMENTARY +