University of Virginia Library

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.