A study of the history, theory and practice of money and banking. Commercial banking, central banking, and monetary policy are discussed and their impact on the economy is examined within the framework of monetary theory. An analysis of consumer choice, exchange, production, and pricing under various market structures in a neoclassical context. Developing the tools of microeconomics and their application to real world situations are strongly emphasized. Examines contemporary theories of development and relates them to continuing problems of unemployment, income distribution, population growth, and urbanization.
Emphasis is on applying economic analysis to the problems of economic development.
A study of modern theories in international trade and finance, and current trends and issues in international economic relations. Analysis of linear regression, non-linear regression, and computer simulation models. The problems of parameter estimation, verification, and the prediction of economic magnitudes are studied. A study of applied economics encompassing measurement, analysis, and prediction of business conditions at the national, regional, and industrial levels. An introduction to the basic business management of personal funds.