Concentrates on problems associated with the United States' role as a world economic power and changes in economic institutions engendered by rapid technological change and the need to cope with such problems as income distribution, equity, the growing public sector, inflation, unemployment, and others. Public Finance II State and local. Analysis of the economic effects, problems, and alternative solutions concerning state and local government expenditures, revenues, and debt. Government and Labor Influence of government and law on collective bargaining, on the internal operation of unions, and on job discrimination in the public and private sectors. Allocation Theories A systematic survey of theories of product prices, wage rates, rates of production and resource utilization under conditions of competition, monopolistic competition, oligopoly and monopoly markets.
Emphasis is on developing analytical tools useful in the social sciences.
Not open to students who have had Economics 340. An examination in the causes of inflation, unemployment, and fluctuations in aggregate economic activity, factors affecting consumption and investment, and the sources of economic growth. Emphasis is on understanding contemporary United States macroeconomic problems and the options for fiscal, monetary, and income policies facing the United States government. Not open to students who have had 341 . Honors Seminar in Economics Application of the tools of economic analysis to the study of contemporary social problems.