Business and Economics — Economics Business and Economics — Economics Composite Teaching Major in Business Education (Economics)— See Business Education Composite Teaching Major, School of Education. Social Science Composite Teaching Major—Economics 5, 6, 10 and/or 124 plus additional economics courses to total 20 quarter hours may be used as part of a Social Science Composite Teaching Major. Courses of Instruction 15. Principles of Economics—Basic institutions of the economy, production of goods, standards of living, the exchange economy, introduction to macro-economics, national income, and levels of employment. A W S (5) Staff 6. Principles of Economics—Continuation of Economics 5. Introduction to micro-economics. Value and price of goods under varied degrees of competition, and the distribution of income to wages, interest, rent, and profits. Prerequisite: Economics 5. A W S (3) * Staff f 10. Economic History of the United States—Development of resources, commerce, agriculture, manufacturing, labor organizations, finance. A W S (5) Clark, Alston 40. Quantitative Analysis in Economics and Business—Statements, set relations, functions and probability as related to business and economics. Introduction to statistical inference and stochastic processes. Required of all business and economic majors. Prerequisite: Mathematics 14 or a score of 28 or above on the mathematics placement test. A W S (4) Chi, Van Erden 41. Quantitative Analysis in Economics and Business—Continuation of Economics 40. Finite difference equations, vectors, and matrixes as related to such business and economics problems as compound interest and present value, as well as such problems in economics as the Harrod-Domar growth model and static linear economic models, e.g., input-output analysis and linear optimization (linear programing.) Required of all business and economics majors. Prerequisite: Economics 40. A W S (3) Chi, Van Erden 42. Quantitative Analysis in Economics and Business- Continuation of Economics 41. Statistical inference, sampling, estimation, hypothesis testing, and regression analysis as preparation for empirical research in business and economics. Required of all business and economics majors. Prerequisite: Economics 41. A W S (4) Chi, Van Erden 43. Quantitative Analysis in Economics and Business- Continuation of Economics 42. Elements of calculus^ as related to business and economic theory and empirical research. Following an introduction of the elements, students will be taught how to formulate and solve business and economic optimization problems in terms of the calculus and how to interpret these mathematical solutions. Elective, but highly desirable, for business and economic majors intending graduate study. May be taken on pass-fail basis. Prerequisite: Economics 42. W (3) Chi, Van Erden 51. Elementary Statistics—The concepts of estimation, hypothesis testing, regression analysis, index numbers, and time series oriented toward decision making in the business world. Prerequisite: Economics 50. (Discontinued after Fall Quarter, 1970.) A (3) Chi, Van Erden 110. Money and Banking—The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisites: Accounting 10 and Economics 5. (Same as Banking and Finance 110.) A W S (4) Hawkins, Timmins 112. History of Economic Thought—The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisite: Economics 6. S (4) Iwamoto, Liechty 114. Economic History of Europe—European Economic History with emphasis on the emergence of capitalism and the Industrial Revolution. W (4) Alston, Clark 120. Comparative Economic Systems—Capitalism, Socialism, Communism. Prerequisite: Economics 6. W (4) Clark 124. Economic Geography—Resources, production, commerce, economic problems of major areas of the earth. S (5) (See Geography 124.) Clark 130. Business and Government—Causal forces in the growth of large-scale business, government laws, intervention, regulation. A S (5) Clark 132. Taxation and Public Finance—Principles of taxation; main revenues and expenditures of federal, state, and local governments; federal fiscal and monetary policies. Prerequisite: Economics 6. (Same as Banking and Finance 132.) W (4) Hawkins, Iwamoto 140. Labor Economics—Historical development and electic growth of Unionism. Analysis of wages, wage theories, collective bargaining and labor-management relations. Prerequisite: Economics 6. A (3) Liechty 243