The development of economic thought with emphasis on the period beginning with Adam Smith and ending with J.M. Keynes. Methodological issues in economics are also considered, and questions concerning the current status and the future directions of the profession are addressed. Contemporary intermediate treatment of microeconomic theory, applications, and price policy. Covers the theory of price determination, resource allocation, income distribution, and welfare economics. Perfectly competitive markets and models of imperfect competition are covered.
Theory is integrated with public policy questions.
The measurement and behavior of the major demographic variables, fertility, mortality, and migration, and their role in determining the growth and age distribution of populations. Applications include historical demography, the relation of population growth to economic development, urban concentration and crowding, environmental deterioration, the aging of populations, and zero population growth. Population policy and prospects for both the near future and the longer run are also considered. A one-semester course in contemporary intermediate macro theory. Covers issues in economic growth, unemployment, and inflation.