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 this term, too, the principles
of Public Finance are studied. 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. A 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.—Laughlin's Elements of Political Economy; Plehn's Introduction
to Public Finance; 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.