The course objective is to provide an introductory survey of the economic concepts that are commonly used in understanding economic issues at the aggregate, or national level, with the emphasis on examining the overall functioning of the economy, exploring and understanding such phenomena as gross domestic product, national income, unemployment, inflation, the business cycle, as well as the fiscal and monetary policy tools that can be used to achieve a desired economic objective. In addition, the course will provide a basic understanding of international economics, with a focus on exchange rates, international trade and balance of payment dynamics.