Economic analysis of problems caused by the impact of economic activities of society on the environment, and of the public and private policies that could be used for environmental improvement. An appraisal of competition as a regulator for the structure and operation of American industry, and of antitrust and other laws that influence business performance in general. Economic analysis of the public sector with emphasis on modeling the economic impacts and formation of public policy. A survey of current theory and practice of international trade and finance. Topics covered include international trade theory, tariffs and quotas, international commodity agreements, balance of payments, foreign exchange markets, adjustment mechanisms and the international monetary system.
Attention is given to the role of multinational corporations in the international economy.
Introduction to statistical methods required in the analysis of economic problems. The course covers topics in statistical estimation, tests of hypotheses, simple and multiple regression and time series analysis. Emphasis is placed on alternative tests and procedures one must consider when the basic assumptions underlying the classical methods are violated. This course will require use of computers. Study of how economic regions develop, factors determining location of economic activity, and how regions are affected as critical economic variables change.