A review of the problems encountered in initiating and sustaining the process of economic development. Various theories of economic development and major policy issues are discussed. An introduction to international trade and finance and an examination of the structure of international trade and the functioning of the international monetary system. Attention is given to recent issues in these areas and the relationship between the domestic and international economies. An analysis of governmental revenue, expenditure, and debt policies at the federal, state, and local levels and their contributions to efficient resource allocation, equitable income distribution, full employment, and economic growth.
Emphasis is on principles and applications of theory.
An examination of the economic theory of wage determination and its effects on population, collective bargaining, automation, and industrial change. A study of the evolution and function of cities as well as an analysis of the causes and symptoms of the urban predicament. Discussion of numerous topics concerning metropolitan areas, including economic development strategies, land-use patterns, mass transit, poverty, housing, finance, education, and environmental quality. This course analyzes the structure, conduct, and performance of American industry, with an emphasis on the monopoly problem. This course provides an introduction to the theory and application of the estimation of economic relationships.