This is a study of the firm in-depth, the nature of cost, and how these relate to the economy as a whole. This study analyzes economic models of the consumer, perfect competition, monopoly, oligopoly and monopolistic competition. The course explores economic issues including market power, population growth, positive and negative externalities, income distribution, poverty and welfare, discrimination, and international economic inter-dependence. This course examines major national and international economic problems of the current era. Topics include population explosion, rising expectations in the Third World, and evolution of post WW II political blocks.
Students explore in-depth significant economic topics.
This study might include economic issues facing different groups, institutions or countries. Readings are selected by the instructor as appropriate to the topic. The course may be repeated for credit provided topics are not repeated. See page 70 of this catalog for course description and requirements.