Develops facility with concepts, language, and analytical tools of economics. Covers microeconomics, macroeconomics, and international trade and payments. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing US and international business environments. Restricted to Sloan Fellows. The fact of scarcity forces individuals, firms, and societies to choose among alternative uses -- or allocations -- of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist's criterion of market efficiency. Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.

Author: Tammy Moncel, Lac Courte Oreilles Ojibwe School Middle School, Integrated ScienceProtection of freshwater on Earth is a global responsibility but the Native American efforts to protect the Great Lakes Freshwater is of particular interest to the people throughout Wisconsin. The movie “Bad River” is a relevant perspective of some key arguments from the view of the water protectors in Native American communities. This documentary highlights Native speakers and the defiance of the Bad River tribe required to stand up to oil companies. This movie was used at the end of our school year (coinciding with the release date of the documentary) to promote understanding of the Native American perspective of issues that have been a great source of media attention throughout the state of Wisconsin. A major part of understanding the importance of freshwater protection includes an understanding of the water cycle. The very simplified version of the water cycle includes precipitation, evaporation and condensation. The handouts of these words with pictures and Ojibwemowin translations gives students a starting point to talk about water as a closed system with continuous recycling in nature. My students were able to connect the English vocabulary meaning to the descriptive Ojibwemowin translation.