University of Virginia Library

ANNOUNCEMENT OF COURSES

McINTIRE SCHOOL OF COMMERCE

Economics B1: The Principles of Economics: (See James Wilson School
of Economics.)

Economics B2: The Growth of American Industry and Commerce: (See
James Wilson School of Economics.)

Economics B3: Money and Banking: (See James Wilson School of Economics.)

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. Campbell, Mr. Stevens and Mr. Franklin.

Economics B5: Statistics: Economics B1 and Mathematics A prerequisite.—
General characteristics of the statistical method, including the collection of material,
sources, tabular and graphic presentation, frequency distribution, and frequency
curves, averages and their appropriate uses, the dispersion of statistical series
about their mean, correlation, the theory of probabilities, the normal curve of
error, index numbers and their practical uses. Laboratory exercises and problems.
(B.A. or B.S. credit, 3 session-hours.)

Acting Associate Professor Hyde.

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. Campbell and Mr. Graham.

Economics B7: 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.)

Acting Associate Professor Hyde.

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. Consideration is given to railroad
combinations, capitalization, operating and non-operating income, operating costs,
fixed charges, traffic, 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 given in 19291930.

Professor Berglund.

Economics B9: Business Administration: Economics B1 prerequisite.—
First and Second Terms: A study of the principles and practices of business
organization and administration. Special attention is given to the subjects of plant
location, office management including administration of personnel, marketing problems
and finance. Third Term: Investigation of the organization and development
of the business unit. (B.A. or B.S. credit, 3 session-hours.) Not given in
1929-30.

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: Life insurance. Third Term: Marine, fire, fidelity
insurance. The course will consist of special topics for field investigations, 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 co-partnership, mortgages, deeds of trust and bills of sale. (B.A. or
B.S. credit, 3 session-hours.)

Associate Professor Hulvey and Mr. Daniels.

Economic Geography B1: General Survey: A study of the geography,
natural resources, commerce and industry of the United States and Europe.
(B.A. or B.S. credit, 3 session-hours.)

Associate Professor Starnes, Mr. Muncy and Mr. Hoback.

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

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

Economics C3: Advanced Accounting: Economics B4 prerequisite.—First
and Second Terms: A detailed study of corporation accounting from the organization
of corporation through its dissolution. Such topics as the acquisition, the
appreciation and depreciation, and the ultimate disposition of balance sheet items
will be considered. Third Term: Consolidated statements for holding companies.
(B.A. or B.S. credit, 3 session-hours.)

Professor Barlow and Mr. Campbell.

Economics C4: Corporation Finance: Economics B1 and B4 prerequisite.—
The first part of the course will treat the financial policies of corporations, the
kinds of securities they may issue, the promotion of corporations, the administration
of income and related subjects, while the latter part of the course will consider
the various types of corporate, government and municipal bonds with respect
to their investment status.

Professor Kincaid and Mr. Teass.

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, resources and materials, trade
conditions and practices abroad, commercial treaties and tariffs, sales methods,
credit factors, shipping facilities, financial settlements, foreign exchange.

Associate Professor Starnes and Mr. Carter.

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, co-partnership and
labor organizations.

Associate Professor Starnes and Mr. Carter.

Economics C7: Business Combinations: Economics B1 and one other
course in the School of Economics or School of Commerce prerequisite.—A study
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. Eastwood.

Economics C9: Modern Tariffs and Commercial Treaties: Economics B1
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 given in 1929-30.

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 and Mr. Eastwood.

JAMES WILSON SCHOOL OF ECONOMICS

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, Mr. Biscoe and Instructors.

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. Motley.

Economics B3: Money and Banking: Economics B1 prerequisite.—During
the first term the principles of money and during the second the principles of
banking will be examined. The third term will be given over to either mercantile
or bank credit. (B.A. or B.S. credit, 3 session-hours.)

Professor Kincaid and Mr. Dietrich.

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.

Economics C2: Advanced Money and Banking: Economics B1 and one
other B course in the School of Economics or School of Commerce prerequisite.—
An intensive study of foreign currency and banking systems, the Federal Reserve
System, and cyclical fluctuations in business.

Professor Kincaid.

Economics D1: History of Economic Theory: Hours to be arranged.

Professor Snavely.

Economics D2: Recent Economics Theory, with special attention to problems
in the distribution of wealth.

Professor Snavely.

Economics D3: Theories of Social Reform: Hours to be arranged.

Acting Associate Professor Hyde.

The following courses will be given in the Summer Session of 1929:

COMMERCIAL LAW

Commercial Law sB1-I. Commercial Law.—First Term.

A detailed study of the fundamental principles of contractual liability, with necessary
and incidental reference to non-contractual liability. Practical work in the drafting of
simple contracts. Specially selected cases, dealing with the most important phases of
business law, are carefully studied. Outline: Formation of Contracts—Operation of Contracts—The
Interpretation of Contracts—Discharge of Contracts—Nature and Formation of
Agency.

Commercial Law sB1-II. Commercial Law.—First Term.

A continuation of Commercial Law sB1-I. Outline: Creation and Organization of Private
Business Corporations. Negotiable Instruments—General Nature and History—The
Formation of the Contract—Operation of the Contract—Discharge of Negotiable Paper.

Commercial Law sB1-III. Commercial Law.—First Term.

A continuation of Commercial Law sB1-I and II. Outline: The laws pertaining to market
transactions, storage and transportation.

ECONOMIC GEOGRAPHY

Economic Geography sB1-I. Elements of Geography.—First Term.

An introductory world-wide survey of the distribution and characteristics of the elements
of natural environment (climate, land forms, soils, surface and ground waters, natural
vegetation and mineral deposits) with particular reference to their influence on the economic
life of social groups.

Economic Geography sB1-II. Geography of North America.—First Term.

A survey of the principal economic activities in each of the major geographic regions of
North America from the standpoint of their relation to the natural environmental complex.
Emphasis is placed on the regional equipment for industry in the several divisions of the
continent.

Economic Geography sB1-III. Commercial Geography.—First Term.

A survey of present-day overseas commerce and transportation and an analysis of the
underlying geographic and economic principles as applied to the major commercial divisions
and trade regions of the world.

ECONOMICS

Economics sB1-I. Survey of the Principles of Economics.—Both Terms.

Economics sB1-II. Survey of the Principles of Economics.—(Continued).
Both Terms.

Economics sB1-III. The Bearing of the Principles of Economics upon
Present American Conditions—(Continued).—First Term.

Economics sB4-I. Elementary Accounting.—First Term. Corresponding to
Economics B4 of the regular session.

Economics sB4-II. Elementary Accounting—(Continued).—First Term.

Economics sB4-III. Elementary Accounting—(Continued).—First Term.

Economics sC1-I. Public Finance.—First Term.

Equivalent to first term of C1 of regular session.

General principles of public finance, including public expenditures, public revenues and
a survey of state and local taxation in the United States.

Economics sC1-II. Public Finance—(Continued).—Second Term.

Economics sC1-III. Public Finance—(Continued).—Second Term.

Economics sC2-I. Money and Banking.—First Term.

Principles of money and banking.

This course is equivalent to the first term of Economics C2 but by special arrangement
may be taken by students seeking credit in Economics B3.

Economics sC2-II. Money and Banking—(Continued).—Second Term.

The Federal Reserve System.

This course is equivalent to the second term of Economics C2 but by special arrangement
may be taken by students seeking credit in Economics B3.

Economics sC2-III. Money and Banking—(Continued).—Second Term.

The principles of rural credits including the Federal Farm Loan System and the Intermediate
Credits banks.

This course is equivalent to the third term of Economics C2 but by special arrangement
may be taken by students seeking credit in Economics B3.

Economics sC7-I. Business Combinations.—First Term.

Economics B1 or its equivalent prerequisite.

A study of the growth of large business organizations, commonly called trusts, in this
country and in Europe in recent times. Special emphasis is given to the causes of this
growth, the various forms, legal status and relationship to business efficiency, and the

social problems arising out of this formation. The organization of pools, cartels, holding
companies, mergers, etc., is investigated particularly with reference to price policies.

Economics sC7-II. Business Combinations—(Continued).—First Term.

Economics sC7-III. Business Combinations—(Continued).—Second Term.