An analysis of factors determining the level of income and employment as well as the rate of inflation and growth. The use of monetary and fiscal policy for stabilizing the economy and for accelerating growth is also addressed. General equilibrium and welfare economics are also discussed. The course is an introduction to the analytic methods of operation research. Topics include linear programming, decision making under uncertainty, forecasting, queuing, and inventory systems.
Computer application is stressed.
This course focuses on the production, exchange, and consumption of agricultural, strategic, and industrial resources as related to economic growth and resource development. A comparative study of the different institutions, structural mechanisms, and value systems that underlie the operation of modern economic systems and the policies employed in each. Special attention is paid to the role of culture and its relationship with various systems within the global economy. A detailed development of microeconomics. A study of microeconomic organizations of firms and macroeconomic organizations of national systems.