CATALOG 1952-1953


 ES. 510.-The Development of the American Economy to 1860. 3 hours.
3 credits. Offered 1, 3.
 A functional approach to the study of the economic development of the United
States. World economic conditions that led to the settlement of America; the colonial
period; the period of economic transition; the westward movement and the rise of a
national economy; and economic causes of the Civil War.
 ES. 511.-The Development of the American Economy-1860. 3 hours. 3
credits. Offered 2.
 The development of the westward movement and the closing of the economic
frontier. The development of a capitalistic economy and the trend toward economic
and financial imperialism. Economic problems of the wars of 1914-18 and 1939-45, and
postwar economic adjustments, domestic and foreign.

 ES. 522.-Money, Prices, and Business Cycles. 3 hours. 3 credits. Pre-
requisite: ES. 321. Offered 2, 3.
 An analytical survey of the economic instabilities in capitalistic society, with em-
phasis upon forces operating to bring about changes in the general level of prices, in-
cluding prices of productive agents, employment, and income.
 ES. 537.-Imperfect Competition. 3 hours. 3 credits. Offered 2.
 A comprehensive review of recent attempts to reconstruct economic theory in tern.
of "imperfect" or "monopolistic" competition.

 ES. 543.-Theory of International Trade. 3 hours. 3 credits. Offered 1, 3.
 The historical and economic background of foreign trade; the theory of interna-
tional trade; the fundamentals of international exchange; international commercial
policies and international trade; exchange fluctuations and their control; the interna-
tional monetary institutions.
 ES. 545.-The Economy of Latin America. 3 hours. 3 credits. Offered 2.
 A study of contemporary economic and commercial problems of Latin America.
Attention will be given to current developments in production, transportation and trade
of the various countries.

 ES. 550.-Policies of Federal Transportation Commissions. 3 hours. 3
credits. Offered 3.
 Critical consideration of the policies of the Interstate Commerce Commission and
the Civil Aeronautics Board.
 ES. 551.-Transportation Policy. 3 hours. 3 credits. Offered 1.
 Critical examination of the development, effects, and proposed improvements of
general transportation policy, including regulation, promotion, taxation, and labor.
 ES. 556.-Problems in Public Utilities. 3 hours. 3 credits. Prerequisite:
ES. 454. Offered 2.
 An intensive study of problems in the field of public utility industries, including
types and techniques of public control, the problems of public utility rates, regulation of
public service industries, public ownership, and public power projects.

 ES. 561.-Risk and Risk-bearing. 3 hours. 3 credits. (Not offered
1952-53).
 A study of the nature of risk, its form and varied origin, its cost, and the method,
of dealing with it in the efficient operation of business. Particular emphasis will be
given to the economics of bearing, shifting, or eliminating risk through individual research
upon special problems.

The statement "Offered 1" means offered first semester; 2, second semester; 3, summer session.