ECO 11 and MAT 14. An investigation of the economic factors determining consumer behavior, production, pricing, and market structures in a partial equilibrium framework. Theories of distribution, welfare criteria, and general equilibrium are examined. ECO 11 and MAT 14. Economic Development A study of the control and socioeconomic use of three main forms of capitalnature's capital, human-created capital, and human capitaland their impacts on ecological systems and on future generation needs.
Emphasis is placed on the role of political economy systems and thought in low-income societies.
The distinction between ECO 25 and ECO 35 will be based on the required use of formal economic theory in projects and field work for ECO 35 credit. A study of accounting fundamentals leading to an analysis of the creation and use of accounting data. The latter is a conceptual study of financial information flows within the firm using contemporary systems analysis techniques. An extension of the study of basic accounting functions to more complex financial entities followed by an introduction to specialized analytical accounting statements and financial decision-making techniques. ECO 31 Comparative Economic Systems Comparative study of various economic systems from market-directed to planned economies.