Field work, laboratory experience, and computer simulation models enhance the understanding of selected topics. The market resource allocation, production and distribution mechanism is explored including international trade and finance issues. Counts as one of the social science general education options. An examination of national income and product determination. Monetary, fiscal policy are analyzed as tools for dealing with inflation, unemployment and economic growth.
Significant time is spent on the role of multinational enterprise in the world economy.
On-site case studies in Europe are involved. The major issues of economic development faced by developing countries. Treats both theoretical and institutional approaches. Emphasizes problems such as poverty, inequality and unemployment in the context of interdependence. Barriers to international trade and factor movements with policy alternatives.