A survey of macroeconomic theory including discussions of unemployment, inflation, and other current issues. Special emphasis will be placed on analyzing the impact the Federal Tax Code has on both individuals and businesses in today's complex economy. Case studies, problem solving and tax form preparation will be stressed. 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 associated 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.