Shows how new economic systems arose from the ashes of older, failed systems by tracing the economic history of Japan, North America and Europe from 1750 to the present. A study of selected topics and issues offered on an occasional basis. May be repeated when topic varies. 42 Natural Resources and Environmental Economics Uses economic theory to analyze the effect of business, industry and economic development on the ecological system and of the natural environment on economic activity. A study of the determinants of national income, employment and prices that contrasts the Keynesian model with the quantity theory of money and neo-classical approaches, compares the effectiveness of monetary and fiscal policies at high and low income and the differential consequences of these policies for economic stability and growth.
Attention is given to current policy issues and to the history and development of economic thought.
Each fall 50 Ethical Issues in Economics and Business Study of the ethical theory and its application to policy decision making in the economy, focusing on the business sector. For further details and procedures, see Research Practicum in Social Science Laboratory. May be repeated for a total of one course credit unit. 60 Advanced Topics in Economics and Business Specialized topics offered on an occasional basis. May be repeated when topic varies.