Also covered are current economic problems and an introduction to international economics. Offered spring term. An analysis of the principle differences between capitalistic, socialistic and communistic economic systems and the methods and policies pursued within each system to attain national goals of full employment, price stability, and resource allocation. A study of the functions of the money system relative to other components of the economy. The major topics include credit, commercial banking, central banking, money and capital markets, monetary theory, and monetary policy.
Primary emphasis is on the economic aspects of governmental expenditure policy.
Specific topics include tax equity and reform, revenue sharing, and the economics of social goods.