Economic policy debates over the nature of inflation, growth, unemployment and international trade are explored with special attention being given to monetarism supply-side and rational expectations ideas. Course fee required. Central Banking and Monetary Policy Study of the Federal Reserve System from its inception to present. Topics include Federal Reserve history, organization and operation, monetary theory and policy, and the relationship between money and economic activity. Managerial Economics Analytical approach to business decision-making.
Primary attention is given to economic decision models and their application to business problems.
Six hours of principles of economics. International Trade A review of the rationale for trade between nations, the nature of trade balances, barriers, methods for resolving trade deficits, foreign exchange markets and international debt are examined. Economics of Growth and Development Strategies and policies for encouraging economic growth and development with special emphasis on the role of indigenous institutions. The status of less developed nations and the nature of the development process are reviewed. Course fee required.