Superior

Prior to enrolling in courses at this language level, students must have completed or tested out of a minimum of 2 upper-division college-level Spanish courses at their home university in the U.S.

This course covers economic thought from the economic system of A. Smith to monetarism and economic currents of the twentieth century. The course is divided according to major economic movements which include: David Richard and his critics, work-value theory: salary and benefits, R. Malthus: population and accumulated demand, the intellectual transition of John Stuart Mill, law of production and distribution, utopian socialism: Owen, Fourrier and Proudhon, Saint-Simon, Sismondi and List, the scientific socialism of K. Marx, work-value theory and criticism of the capitalist system, development of microeconomics, Cournot and Dupuit in France, Menger, Wieser and Bshm-Baerk in Viena, William Stanley Jevons in England, Leon Walras and the analysis of the general equilibrium, Alfred Marshall and the partial equilibrium method, philosophical and social vision of John Maynard Keynes, general theory of occupation, interest, and money, Milton Friedman and modern monetarism.