An investigation of the theory of income determination, with particular emphasis upon unemployment, inflation and economic growth. Required for majors. An introduction to the theory of international trade, balance of payments behavior, the causes and consequences of public policies to control trade and foreign exchange rates, the process of international payments mechanisms and their effects on national economy. Comparative Economic Systems. A study of the theoretical and institutional aspects of current economic systems throughout the world.
Discussion focuses upon the forms of capitalism in the Western world and various kinds of socialism.
Economics of Development. An inquiry into the problems of economic development and economic growth of both advanced and less-developed nations. Monetary Theory and Policy. Monetary Theory and Policy emphasizes the importance of money, interest rates, government policy, and Alan Greenspan in their influence on our economy. An analysis of government finance, tax and expenditure programs of the federal, state and local governments.