A seminar in foreign economic policy issues. Issues such as balance of payment disequilibrium and adjustment, tariff and trade policy, the exchange rate, trade and aid in developing countries, East-West trade restrictions, regulation of multinational corporations, are presented through the most current readings in professional and practitioner's journals. A study of the structure of firms and markets and of their interactions. It first considers the basics of competition, monopoly, oligopoly, and monopolistic competition. Use of statistical and mathematical concepts and techniques in solving problems in economics.
Microeconomic theory is reviewed and optimizing techniques are used in decision making.
Topics include hiring, training, the method of pay, and motivation and evaluation of workers. Major emphasis will be placed on the understanding and application rather than the theoretical and computational aspects of the statistical techniques. This will be accomplished through heavy usage of canned computer programs. ECO 2200, or permission of the instructor. Identification, measurement, and interpretation of demand, production, cost and consumption relationships, including simple and multiple regression analysis of time series and cross sectional data.