The evolution of our complex industrial system is viewed through the interaction of the emerging capitalistic institutions, technological developments and the character of governmental interventionism. A survey of the mathematical skills needed for upper division courses in economics and business. Emphasis is placed on the use of mathematical models to describe relationships in business and economics. Topics covered include mathematical functions, cost functions, the consumption function, systems of equations, market models, the Keynesian income determination model, matrix algebra, input-output analysis, differential and integral calculus, marginal analysis, and profit and utility maximization. An introduction to the basic techniques of descriptive and inferential statistics as applied to the decision-making process in business and economics.
Emphasis is placed on estimation and forecasting techniques.
Topics covered include measures of central tendency and dispersion, index numbers, probability, regression analysis and economic forecasting. Introduction to Financial Accounting A study of financial accounting and accounting systems starting with the accounting cycle and going through the preparation and interpretation of financial statements for all types of business entities. Topics covered include generally accepted accounting principles, the theory of accounts, and the theory of present value as it relates to financial accounting problems. An application of basic economic theory to the task of understanding the process of urbanization, the growth and decline of cities, and the spatial location of economic activity within metropolitan areas. Also examined are the specific urban problems of poverty, housing, local finance and transportation.