This course will cover the fundamental economic principles that can enable managers to make more efficient and economical decisions. Students will be provided with selected tools that can be used to aid and improve the making of economic decisions; that is, decisions involving choice. Economic principles, theories and models will be introduced and discussed in order to develop a basis for consistently considering and evaluating economic policies, practices and activities. Student’s ability to apply the material presented in print and in lecture will be the primary measure of success in this course.