Emphasis is on the role of consumption, investment, and government decisions on aggregate economic activity. Topics include an analysis of consumption and investment decisions, income determination models, monetary and fiscal policy, and economic growth. The study of money as a policy variable affecting economic activity. Money is examined both in its role in exchange and as an instrument of economic policy. The Federal Reserve System, money supply, money demand, and their respective effects on macroeconomic activity are stressed.
Emphasis is on application rather than computational methods of mathematical rigor.
The problems of acquiring, measuring, and using economic data are examined. Topics include problems of national and regional industrial development, economic stability, and trends in income distribution. The study of the topics related to the supply of labor, the allocation of labor among uses, the extent and incidence of unemployment, and the determination of wages. Concentration is on application of economic theory to understand the behavior of labor and problems of labor markets. The study of the topics related to state and local fiscal problems.