Economics
Economics B1: The Principles of Economics: Not open to first year
students.—First and second terms: Survey of the principles of Economics. Third
term: The bearing of these principles upon present American conditions. Instruction
will be given by lectures, assigned readings, discussions and written
tests. (B.A. or B.S. credit, 3 session-hours.)
Professor Snavely, Associate Professor Hyde and Assistants.
Economics B2: The Growth of American Industry and Commerce:
Economics B1 prerequisite or may be taken concurrently.—A study of the influence
of economic conditions upon American social and political development.
This study is preceded by a short review of European, particularly English, industrial
development before and during the colonial period. Special emphasis is
given to the influence of various phases of American industrial environment upon
the culture and civilization inherited from Europe. (B.A. or B.S. credit, 3
session-hours.)
Professor Berglund and Mr. Hunsberger.
Economics B3: Money and Banking: Economics B1 prerequisite.—The
first term is devoted to financial organization, the second to commercial banking
and the Federal reserve system, while the third is given over to the principles of
money. (B.A. or B.S. credit, 3 session-hours.)
Professor Kincaid and Mr. L. C. Vaughan.
Note: The following courses, primarily for graduates, may be taken by
advanced undergraduates with the permission of the instructor.
Economics C1: Public Finance: Economics B1 and one other B course
in the School of Economics or School of Commerce prerequisite.—First and second
terms: The general principles of public finance, with a detailed investigation of
state and local taxation. Third term: The financial institutions and methods
of the federal government.
Professor Snavely and Mr. J. J. Smith.
Economics C2: Advanced Money and Banking: Economics B1 and one
other B course in the School of Economics or School of Commerce prerequisite.—
The course includes: (a) Money, bank credit and prices; (b) central banks and
(c) business cycles.
Professor Kincaid and Mr. Cale.
Economics C8: Economic Evolution in Western Europe: Economics
B1 and one other course in the School of Economics or School of Commerce
prerequisite.—A treatment of the development of the economic basis of modern
civilization will form the background for an investigation of the working of
economic laws and a critical consideration of the actual problems that presented
themselves for solution in ancient, medieval and modern times. Emphasis will
be placed upon individual work and group discussion.
Associate Professor Hyde.
Economics C11: The Development of Economic Thought: Economics B1
and one other course in the School of Economics or School of Commerce prerequisite.—First
and second terms: A study of the main currents of economic
thought from the earliest times to the end of the nineteenth century. Third
term: A critical study of current economic thought.
Associate Professor Starnes.
Economics D1: History of Economic Theory: First term: Economic
Theory to the time of Adam Smith. Associate Professor Starnes. Second
term: Adam Smith and his contemporaries. Professor Kincaid. Third term:
Ricardo and Mill. Professor Snavely.
Economics D2: Economic Theory Since the Middle of the Nineteenth
Century: First and second terms: Neo-classical Economics. Professor Snavely.
Third term: The Historical and Psychological Schools. Professor Berglund.
Economics D3: Problems in Recent Economic Theory.
Economics D4: Economic Research.
Professors Snavely, Barlow, Berglund and Kincaid, Associate Professors
Starnes, Hulvey, Hyde and de Chazeau.
