The households decide on consumption and saving and the firms decide on investment and capital accumulation. The effects of government spending, taxation, and deficits on national saving and the balance of payments. No Data Given. The European Economy. Comparative Economic Systems and National Economies Section 001.
Emphasis is placed on description and analysis of European economic integration.
Topics include the origins and institutions of the European Community, creation of the customs union, unification of the internal market, implementation of common policies for agriculture and competition, prospects for monetary union, and progress toward social Europe. Students should be prepared to participate frequently in class discussions. Students who miss the first two days of class without permission will be dropped automatically from class. No Data Given. Economics of Japan.