This course is designed to provide a general introduction to the field of political economy and public policy. During the first part of the semester we will discuss the process by which the modern economy came into existence, and how economic thinking changed over time as the modern economy emerged. During the second part of the semester we will take up some of the most important economic issues that are currently being discussed and, in some cases, heatedly debated within the U.S. and throughout the world. We will analyze different points of view regarding these issues and examine some of the evidence that each side presents. We will also consider the impact these debates have had on the creation of the public policies that affect all of our lives so directly.
Exams are to be taken on the day assigned.
Only extenuating circumstances will be considered in giving a makeup exam. They will be accepted during the following week only with an excused and documented absence. Further details concerning weekly assignments will be given in class. Further details regarding the final project will be given in class. Heilbroner and Singer, Ch.