The policy part studies the role of governments in their efforts to regulate, restrict, promote, or influence the conduct of international trade and investment. Study of international money and capital markets. Exchange rate intervention by central banks and exchange rate systems in developing countries are also discussed. Economic analysis of the supply of labor, the allocation of labor among alternative uses, investment in human capital, the extent and incidence of unemployment, and the determination of wages. Analysis of urban problems and goals with special attention given to those factors that influence the economic development of urban communities and the quality of urban life.
Attention is given to policy formulation as a means for urban problem solving.
Surveys economic impacts of space and time upon organization and behavior of profit-seeking organizations. Urban and intercity passenger transport issues are included. Employment of economic theory to analyze the health sector and consider problems such as rising prices and maldistribution of resources. Theory and practice of government regulation, including the rationale for government intervention, antitrust law and competition policy, regulation of natural monopolies, and effects of the deregulation movement. Econometric model-building and forecasting with applications to business and economics.