Development of the international monetary system, the demand for international reserves, capital movements, and the role of the International Monetary Fund. Economic theory as it applies to specific business situations and decisions. Major Marxian economic theories and criticisms of Marxian economics. Economic theory developed by Menger, Mises, Hayek, and others of the Austrian School and comparison to other current popular theories. 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. Selected topics of current interest are discussed. Important public finance issues treated in seminar format. Development of regional economics of metropolitan areas and larger regions.