This course develops the methodological foundations of the Austrian school. From these foundations the course investigates the Austrian view on value theory and social costs and benefits, entrepreneurship, competition and monopoly, the socialist calculation debate, capital and interest, money and monetary institutions, business cycle theory, and wages and unemployment. The financial organization and management of a business corporation. The course includes a study of methods of obtaining capital, financial policy, mergers, reorganization, and liquidation. Study of the sources, organization, and uses of data generated by double-entry accounting.
Emphasis is placed on managerial accounting techniques.
An introductory survey of the organization and management of the business enterprise, with an emphasis on the functional areas. A comprehensive introduction to the fundamental principles and procedures of financial accounting. Emphasis is placed on the description, derivation, and interpretation of the primary financial statements. Examination of the basis of international trade, the balance of international payments, and adjustment mechanisms. Application of the theory to current problems of international payments and trade.