This course offers a systematic examination of labor relations and collective bargaining. Topics such as negotiation strategy and technique, the role of management and labor, the dynamics of negotiation and contract administration, and dispute resolution will be examined. An examination of the effects of government expenditure, borrowing, and taxation upon resource allocation, national income, employment, and prices. Topics include the scope of the public sector, decision rules for government expenditures, criteria for an optimal tax system, impact of deficit financing on the economy, and the unique problems inherent in financing state and local governments. An examination of commercial banking, the Federal Reserve System, money, and their impact on economic activity.
Emphasis is placed on the development and implementation of monetary policy.
An examination of various regulatory constraints imposed by government intervention and impact of these constraints upon the structural characteristics and market performance of the American economy. An economic analysis of the foundations of international trade and the impact of trade on domestic and global economies. The course includes a study of the balance of payments, world debt, exchange rates, and the international monetary system. Current issues and problems are emphasized. Economic analysis applied to urban and regional problems of redevelopment with emphasis on analysis and techniques relevant to changing urban form and function, regional public finance, housing and renewal, poverty and race, transportation, and environmental problems.