The University of Virginia record :: March 15, 1931

Economics B4: Elementary Accounting: Theory and practice in the
handling of real and nominal accounts, together with the use of various types
of books of original entry; the opening and closing of books, adjustments,
statements of profit and loss, and balance sheets. The work of the course
will be exemplified through three types of business organization, namely: the
single proprietorship, the partnership, and the corporation, and will consist of
lectures and problems. (B.A. or B.S. credit, 3 session-hours.) Two sections.

Professor Barlow, Mr. Howard and Mr. Marshall.

Economics B5: Statistics: Economics B1 and Mathematics A prerequisite.
—A basic course designed to give the student familiarity with statistical problems
and command of the essential methods of collection, presentation and
analysis. Stress will be placed upon the use of statistics as a tool in economic

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investigation and in business. Exercises and problems. (B.A. or B.S. credit,
3 session-hours.)

Associate Professor Hyde and Mr. Stevens.

Economics B6: Auditing and Cost Accounting: Economics B4 prerequisite.—First
term: Auditing practice and procedure. Second and third
terms: The construction and operation of cost systems. (B.A. or B.S. credit,
3 session-hours.)

Professor Barlow, Mr. Bowman and Mr. O'Keeffe.

Economics B7: Economics of Marketing: Economics B1 prerequisite.—
During the first term the principles of marketing will be considered and upon
this foundation will rest the work of the second term in the principles of
merchandising and also that of the third term in the economics of advertising.
(B.A. or B.S. credit, 3 session-hours.)

Assistant Professor de Chazeau and Mr. Kent.

Economics B8: Transportation: Economics B1 prerequisite.—A study of
the growth of modern systems of transportation with special reference to the
development of railroads in the United States. Brief consideration is given to
railroad capitalization, operating and non-operating income, operating costs, fixed
charges, rate-making and government legislation. In the third term attention
is given to comparisons and contrasts between railroad and other forms of transportation.
(B.A. or B.S. credit, 3 session-hours.) (Not offered in 1931-32.)

Professor Berglund.

Economics B9: Advanced Accounting: Economics B4 prerequisite.—A detailed
study of corporation accounting from the organization of a corporation
through its dissolution. Such topics as the acquisition, the appreciation and depreciation,
and the ultimate disposition of balance sheet items will be considered.
(B.A. or B.S. credit, 3 session-hours.)

Professor Barlow and Mr. Bowman.

Economics B10: Insurance: Economics B1 prerequisite.—The underlying principles and practices of various forms of insurance will be considered during
the first term. Second term: Casualty insurance, together with details of
life insurance. Third term: Marine, fire, fidelity insurance. The course will
consist of special topics for field investigation, reports, assigned readings, etc.
(B.A. or B.S. credit, 3 session-hours.)

Associate Professor Hulvey.

Commercial Law B1: Not open to first-year students.—A detailed study
of the fundamental and important, rather than the technical, principles of
those subjects of which some knowledge is necessary in ordinary commercial
transactions, including contracts, negotiable instruments, agency, partnerships,
bailments and carriers, sales of personal property, insurance. Instruction is
given in the practical drafting of business documents, such as simple contracts,
powers of attorney, articles of copartnership, mortgages, deeds of trust
and bills of sale. (B.A. or B.S. credit, 3 session-hours.)

Associate Professor Hulvey and Mr. Fishburne.

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Economic Geography B1: First term: Elements of geography. Second
term: Economic geography of North America. Third term: Economic geography
of Europe. (B.A. or B.S. credit, 3 session-hours.)

Associate Professor Starnes and Mr. Shaffer.

Note: The following courses, primarily for graduates, may be taken by
advanced undergraduates with the permission of the instructor.

Economics C1: Public Finance: (See James Wilson School of Economics,
page 199.)

Economics C2: Advanced Money and Banking: (See James Wilson
School of Economics, page 199.)

Economics C4: Corporation Finance: Economics B1 and B4 prerequisite.
—The course falls into three main divisions. (a) The financial policies of
corporations with respect to the instruments of long term finance, the working
capital position, the administration of income, the causes of failure and
problems of reorganization. (b) The principles of investment and (c) the
economic position of the stock market.

Professor Kincaid and Mr. Kent.

Economics C5: Foreign Trade: Economics B1 and one other course in the
School of Economics or School of Commerce prerequisite.—An analysis of the
economic principles underlying foreign trade, commercial treaties and tariffs, financial
settlements and foreign exchange. In the third term a study will be made of
various practical problems including trade conditions and practices abroad, resources
and materials, sales methods and shipping facilities.

Assistant Professor de Chazeau.

Economics C6: Labor Problems: Economics B1 and one other course in
the School of Economics or School of Commerce prerequisite.—A study of the
relations between employer and employee, agencies for the promotion of
industrial peace including profit-sharing plans, bonus systems, co-operative
enterprises, etc., a study of representative plans for the management of labor,
copartnership and labor organizations.

Associate Professor Starnes.

Economics C7: Business Combinations: Economics B1 and one other
course in the School of Economics or School of Commerce prerequisite.—A study
of various kinds of business units and of the growth of large business organizations
in this country and in Europe in recent times. Special emphasis is given
to the causes of this growth, the forms, legal status and relations to business
efficiency of these combinations, and the social problems arising out of their
formation. The organization of pools, cartels, holding companies, mergers, etc.,
is investigated particularly with reference to price policies.

Professor Berglund and Mr. Powell.

Economics C8: Economic Evolution in Western Europe: (See James
Wilson School of Economics, page 199.)

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Economics C9: Modern Tariffs and Commercial Treaties: Economics
B1 and one other course in the School of Economics or School of Commerce
prerequisite.—This course treats of the origin and development of modern tariff
policies in the leading commercial countries of the world, special attention
being given to the United States, the general character and types of present-day
tariff laws, arguments for and against protection, and tariff policy and
treaties as affected by the World War. (Not offered in 1931-32.)

Professor Berglund.

Economics C10: Transportation: Economics B1 and one other course in
the School of Economics or School of Commerce prerequisite.—A study of
modern transportation systems, especially rail and water lines. Special attention
is given to character of traffic, rate-making systems, recent governmental
regulations and policies and problems of railroad and shipping finance. This
course calls for advanced investigation of rate-making and traffic problems
and of governmental policies.

Professor Berglund.

Economics C11: The Development of Economic Thought: (See James
Wilson School of Economics, page 199.)

Economics C12: Economics of Public Utilities: Economics B1 and one
other course in the School of Economics or School of Commerce prerequisite.—
The first term is devoted to a study of the theory of rate regulation, and is concerned
more especially with the rate base and the rate of return. In the second
term special attention is given to the determination of rates and the rate structure.
In the third term a study is made of the trend of regulation in the United States.

Assistant Professor de Chazeau.

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