The role and function of business firms in the economy and the application of economic theory to managerial decisions, including theoretical models, practical business cases and implications for public policy. An examination of the contributions that economic analysis can make to the solution of a diverse set of problems currently facing the society. While the specific topics covered will vary, some typical examples might include the energy crisis, exploitation and discrimination, income distribution, unemployment, inflation, poverty and the negative income tax. The structure of industry is studied in terms of business performance, behavior, and competitiveness. Topics include pricing strategies, integration of business enterprises, and international comparisons.
Economic efficiency is contrasted with current antitrust laws.
A general course in the field of international economic relations with emphasis on the fundamentals of international trade theory. The formulation of models of economic behavior and methods of estimating and testing these models. A study of economic development problems and programs including a review of economic planning techniques.