Content will vary according to the interests of students and faculty. Emphasis is placed on the manner in which economic ideas from the past have influenced those which dominate current thought. International and domestic effects of each international monetary system are examined. The application of microeconomics to the problems of monopoly, oligopoly, restraints of trade, and other market imperfections. The course also focuses on the economic rationale for antitrust policy and regulation of public utilities.
Emphasis is on business-related problems.
Topics covered include valuation models of securities, capital expenditure decisions, analysis of financial statements, working capital management, capital-structure and financing decisions, and dividend policy. The purpose to this course is to acquaint students with the philosophy and methods of economic research and to provide them with ample opportunity to apply these methods to actual economic problems. The class will be conducted primarily as a seminar with major emphasis placed upon individual research projects.