Examination of the international adjustment mechanism, price and income effects, controls, and the monetarist approach. Development of the international monetary system, the demand for international reserves, capital movements, and the role of the International Monetary Fund. Economic theory developed by Menger, Mises, Hayek, and others of the Austrian School and comparison with other currently popular theories. Continuation of ECON 880. Topics vary and include emphasis on market-process approach to analysis of capital accumulation, growth, money and credit institutions, inflation, unemployment, and industrial fluctuations.
Topics vary according to interests of instructor.
Emphasis on new areas of the discipline. May be repeated for credit as topics vary. Independent reading and research paper on a topic agreed on by student and faculty member. Selected topics of current interest are discussed. Important public finance issues treated in seminar format.