Big business in the United States today. Considerable attention is devoted to specific industries, namely: banking, milk, beer, medicines, gasoline, electricity, television, and automobiles. Emphasis is placed on establishing the linkages between market structure, business behavior, public policy, and social welfare.

Students are expected to participate actively in lecture and sections. The graded assignments are two essay examinations and a short paper. After enrollment reaches its cap, if places become available, students are taken in order from the waiting list. Students who miss the first two days of class without permission are dropped automatically from the course.