Topics include national income, fiscal policy, monetary policy, international trade and economic growth. An introduction to monetary standards and theories, commercial banking structure and operations, monetary and fiscal policy implementation, central banking and the Federal Reserve System. Focus on the role of markets in guiding human behavior. Emphasis will be on the market viewpoint of selected issues. Modern labor issues like labor markets, wages and fringe benefits, human capital, income distribution, labor unions and collective bargaining are studied.
Strong emphasis is placed on student problem solving and case analysis.
It is desirable for students to have completed MGT 204 and MTH 310. Open to all majors, no prerequisite. Basic financial management of the business firm involving procurement, allocation and control of funds with the objective of maximizing shareholder wealth. This course studies financial assets and their allocation in efficient portfolios with emphasis on equities and fixed income securities. Major topics include financial asset valuation, risk and return, market efficiency and asset allocation.