In this course, you will be introduced to the fundamentals of a market economy. This study will include an investigation into the need for economics, the operation of the market system and consider economic decisions. The course will consider efficiency in resource allocation and the macroeconomic goals of an economy - low inflation, full employment and sustainable economic growth. Emphasis will be placed on the interrelationship between real world situations and the application of economic theory. This will be achieved through an investigation of current economic conditions and an evaluation of how a mix of government policies is implemented to achieve the macroeconomic goals of the economy.