Credit Hours A world study of man's physical environment his human response and his economic efforts and achievements in agriculture, lumbering, mining, fishing, manufacturing, transportation and commerce. An examination of the determinants of national income, employment and the price level in the private enterprise system, including analysis of consumption and saving, private investment, government fiscal policy, business fluctuations, and the interaction between money and national income. International economic relations are also emphasized. Mathematics may be taken concurrently. Analysis of the pricing processes in a private enterprise economy under varying competitive conditions, their role in the allocation of resources and the functional distribution of national income.
Special emphasis is given to theoretical analysis as applied to business problems.
Mathematics may be taken concurrently. The economic theories of taxation and government finance as demonstrated at federal, state and local government levels. The interrelation of public finance and economic stability and growth is explored to discover the basis and objectives of financial policy. This course examines the economic effects of the attempts of government to regulate natural monopolies and monopolistic practices in the public interest and to promote and maintain competition in other areas of the economy. Special emphasis is given to the prevailing economic institutions in the United States, Great Britain, Soviet Union, Yugoslavia, Sweden, Japan, Mexico, France, West Germany and Cuba.