The theory of the pricing and allocation of resources will be applied to current issues. A survey of macroeconomic theory including discussions of unemploy ment, inflation, and other current issues. A survey of the development of economic analysis from Mercantilism to the post Keynesian era. A consideration of how to manage the financing of a firm. A study of international trade, including the gains from trade, the use of tariffs and quotas, the international monetary system, and the problems as sociated with exchange rates and balance payments.
Emphasis is placed on theoretical arguments supporting current accounting practice and alternatives.
A functional analysis of marketing and its importance as an economic activity. Additional managerial orientation is provided through case studies and decision-making practice. Areas covered include contracts, agency relationships, commercial paper, sales, and bankruptcy. Sophomore standing or permission of instructor. A study of the theory of the firm, its behavior, behavior of consumers, and management decision-making.