Examines the patterns of economic growth.  Economic states are examined including growth, recession, depression, inflation, deflation, stagflation and unemployment.  Topics include the business cycle, feedback loops, equilibrium, floating currencies, the Laffer curve, asset bubbles and financial crises.  Also covered are the competing economic schools of thought such as Keynesianism, Monetarism, Supply Side and Austrian with special emphasis on the idea that no school is absolutely right or wrong but that economics is a science of optimizing tradeoffs. 

Relevant Audience: Practically everyone but of particular importance to managers and professionals with responsibility for business planning & forecasting.