A one semester course designed primarily for the student who plans no further work in economics. Utilizes a less rigorous approach than is customary in traditional economics courses and focuses on current economic problems. Primary concentration on the capitalist system and the United States economy. An introduction to the Alaska economy. Uses basic economic concepts to illustrate the Alaska economy.
Emphasis is on third world countries.
Analysis of different market structures and how these market structures impact resource allocation. Emphasis will be placed on Western Europe and the U.S. Additional coverage will be given to Japan, the Soviet Union and one Third World Nation. Application of statistical methods in testing economic theories and estimating economic relationships. Emphasizes multiple regression analysis. The student is expected to spend two hours per week utilizing the computer lab.