Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. May be repeated for credit with different topics. A seminar focused on a theme related to the study of economics. Open only to first-year students. Analysis of economists' explanations of income differences among people in the United States and between developed and less-developed nations.
Topics vary but often include income and wealth differences, poverty, employment and unemployment.
Topics covered include why cities exist, where they develop, how they grow and how different activities are arranged within cities. Additional topics covered include economics of urban problems such as poverty, inadequate housing, congestion, pollution and crime. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. May be repeated for credit with different topics. Decision-making by firms, households and other economic units about production, consumption, pricing, resource allocation, market structure and externalities.