B. A. COURSE.
Like Mathematics, Economics is treated as Pure and Applied. In the first
term of the session the whole field of Pure or Deductive Economics, an abstract
science which deliberately and properly ignores, for the sake of clearness and
simplicity, many important phases of social life, is traversed in outline; and a
few brief practical applications are made to special topics. In the second term a
thorough deductive, as well as inductive and historical, investigation of the
principles of Money and Credit is undertaken; while a few lectures are devoted
to the consideration of protective tariffs. The third term is devoted to a discussion
of the periodical commercial panics and crises of the nineteenth century, and
to the history of the vast changes in production, transportation and industrial
organization that have taken place throughout the world in recent years.
Text-Books.—Walker's Political Economy, (Advanced Course); Horace White's
Money and Banking; selected pamphlets from the Sound Currency series published
by the N. Y. Reform Club, viz: Nipher's The Appreciation of Gold, Warner's The
Currency Famine of 1893, Watkins's Cotton and the Currency, White's Coin's Financial
Fool, and the Report of the Monetary Commission of the Indianapolis Convention
of 1897; Philpott's Tariff Chats; Porter Sherman's Tariff Primer; Hyndman's
Commercial Crises of the Nineteenth Century; Wells's Recent Economic Changes.
