Students with junior or senior standing with an area of concentration in accounting, with the permission of a member of the accounting faculty, may enroll in an independent study in accounting. An examination of the interaction of political and economic systems in the U.S. and other countries, how groups in societies are helped and harmed by this interaction, and the decision-making processes used. This course is a one semester survey of economics for students not majoring or minoring in economics or a business discipline. An introduction to the fundamental principles of macroeconomic analysis. An introduction to the fundamental principles of microeconomic analysis.
Special emphasis is placed on the microeconomic foundations of macroeconomic theory.
Econ 52-353 recommended. A study of the history, theory and practice of money and banking. Commercial banking, central banking, and monetary policy are discussed and their impact on the economy is examined within the framework of monetary theory. An analysis of consumer choice, exchange, production, and pricing under various market structures in a neoclassical context. Developing the tools of microeconomics and their application to real world situations are strongly emphasized.