Topics covered include supply and demand, consumer choice, economics of the firm and industry, production, costs, distribution theory, international trade, comparative economic systems and the philosophy of economics. Contemporary Economic Issues and Policy Alternatives. Application of elementary economic theory to current economic issues.
Special emphasis is placed on public policy alternatives.
Money and Banking. Examines the economic role of money, banking and monetary policy within current institutional settings and under alternative theories explaining the interrelationships between money, the financial system and economic activity. A survey of the relationships among national economies, including trade theory, trade policy, international monetary relations and the balance of payments. Not open to students who have already earned credit in ECON 370 or 372. Economies in Transition.