It is divided between microeconomic concepts-supply and demand, labor and capital markets, tax incidence, comparative advantage, international trade, and benefit-cost analysis-and macroeconomic issues such as economic growth, unemployment inflation, national income and product accounting, the banking system, and monetary and fiscal policy. Applications to current policy issues will be emphasized throughout. Professional economists are able to interpret outcomes of actions by governments, businesses and individuals in the context of policy decisions, many have careers as researchers for government agencies, in businesses and consulting firms, and as administrators and managers in a wide range of fields.