Considerable time will be spent on studying social and cultural factors that influence economic growth, and their potential affect on the economic progress of the less-developed countries. International Trade and Trade Policies. An examination of the classical and modern theories of international trade, the effects of such trade on the domestic economy, the effects of barriers to free trade, and an appraisal of U.S. commercial policy since 1948. International Finance and Payments. A detailed examination of the economic aspects of urbanization with emphasis on metropolitan land use and location theory.
Urban problems considered include housing, poverty, labor markets and municipal finances.
Forecasting for Business and Economics. For course description, see IDS 386. Evaluation and critique of mainstream and nontraditional economic paradigms. The interaction of economics and politics in the United States as it affects the distribution of wealth and domestic and international economic policies. Theory of Public Choice.