Special emphasis is given to how well the economy accomplishes its national economic goals. Where problems exist, i.e., inflation, unemployment, poverty, pollution, and debt, policies are identified, discussed, and evaluated for the purpose of having the students develop an economic way of thinking. This way of thinking, derived from theory, will be used to better understand actual events. An advanced study of the historical development, economic functions and principles of banking, governmental finance, and money in the United States. A survey of the economic development of the United States as a historical introduction and background for students in economics.
Special attention is given to the economic setting of political and social trends.
A study of the characteristics of modern economic systems and the significant thought and experience which has influenced their emergence and development. Similarities and differences in the systems of the United States and Europe are emphasized. This course will be offered at different times by different staff members. It will deal with a topic of current interest in either theoretical or applied economics. Subjects covered include the pure theory of welfare economics and the theory of welfare change measurements.