2000

An analysis of the use of resources in the production, exchange, and distribution of goods and services in our economic system. Emphasis on the development and use of marginal reasoning. Analysis of the determinants of aggregate economic activity. Includes social choice theory and issues concerning international trade among nations from an interdisciplinary perspective.

An inquiry into macroeconomic theory analyzing the factors influencing changes in the level of economic activity and other important economic aggregates in the context of both closed and open economics.

Analysis of the principles involved in the production, exchange and distribution of goods by the American economic system, including the role of the market, prices, and price determination under conditions of competition, monopoly, and imperfect competition. Includes topics in international trade and finance.