The philosophy and methodology of economics in social problem solving. The procurement and management of wealth by privately owned profit-seeking enterprises. Attention is devoted to savings institutions, insurance companies, rural and urban real estate credit, consumer credit, and associated topics. Emphasis is on the desirability of various policies in light of their consequences for the general welfare. Contract approved by instructor, advisor and undergraduate division head is required.
Attention is devoted to questions of monetary problems, employment, and fiscal policy.
Intended primarily for engineering students, the course emphasizes the types of investment decisions that engineers are often called upon to make. Supervised work experience of at least nine hours per week, to include one class meeting a month and individual consultation. Contract approval by instructor, advisor, and department chair is required. An analysis of economic forces affecting urbanization and the economic processes influencing urban form and structure. Economics of labor demand, labor supply, wage determination in competitive markets, migration, discrimination, unemployment, and labor unions.