Students will develop the analytical capability to determine how aggregate demand and aggregate supply are influenced by the public and private sectors as measured by changes in employment, inflation, national output, and international trade. An analysis will also be made of the impact of selected macroeconomic policies that employ classical and Keynesian recommendations for increasing real national output while maintaining price stability. This course is an introduction to basic econometric techniques and strongly emphasizes applications. Topics under this course heading will vary from year to year according to student interest, faculty availability, and timely developments in the field of economics. Likely areas for Special Topics are Economic Policy, Middle East Economics, Urban Economics, and Pacific-Basin Economics.
Honors courses provide the opportunity for exceptional achievement.
Instructors use methods and introduce concepts that will challenge the highly motivated student. Often interdisciplinary in approach and sometimes team taught, honors courses typically offer students occasions to extend their learning beyond the classroom. This course presents the nature and function of money and credit, the process of money creation, the monetary and banking institutions and system. It also introduces students to monetary theory and policy. In this course, the behavior of business firms will be studied through an investigation of demand, supply and equilibrium under conditions of perfect and imperfect competition in the product market.