Then students focus on the national economy. After considering Classical and Keynesian views, students analyze current economic conditions and the government's policy choices, and such current issues as the role of the Federal Reserve and the national debt. Students also are introduced to the country's links to the international economy. Offered all terms. EC445HO Students study the reasons for trade, the balance of trade, and exchange rates, as well as government policies that affect trade and exchange rates.
Students also examine different economic systems and economic development.
To analyze the effects of these theories and policies and their international ramifications, students research different industrialized and developing countries to prepare for a mock G-7 summit meeting and for a mock international conference on trade, exchange rates, development, and the environment. Macroeconomics is a prerequisite. Offered winter term. In the past, students have worked in local manufacturing companies, banks, and brokerage houses. Students are expected to spend nine hours per week at their internship and to write papers in which they relate their observations and experiences to the theory they learned in their previous economics courses.