Catalog, 1958-1959 - Hoover Library

Western Maryland College 1957
351; 352; 451; 452. SPECIAL STUDIES IN ECONOMICS.
Open only to those students who have demonstrated to the
satisfaction of the Department both the desire and the ability to
do independent work. Students normally enter at the beginning
of their junior year with the expectation of continuing during
their seruor year.
Credit, one to three semesterhours each semester, depending
upon rhe quantity of the work done.
403. INTERMEDIATE ECONOMIC THEORY.
Emphasis on the theory of production and cost; the varieties
of competitive conditions such as pure competition, monopoly,
oligopoly, and monopolistic competition; the theory of factor
pricing and income distribution. In this course the student is
expected to deepen his knowledge of the principles of resource
allocation under the price system.
Three periods a week. Credit, three semester hours.
406. BUSINESS CYCLES.
A study of the cause of economic fluctuations, their description
and measurement. Theories of business cyclessuch as those
of Schumpeter, Hawtrey, Cassel,Keynes,Mitchell, and others are
explored. Monetary and fiscal policies of government and their
management for the purpose of economic stabilization are examined.
The international propagation of business cycles is
studied.
Three periods a week. Credit, three semester hours.
BUSINESS
ADMINISTRATION
-101, 102. ELEMENTARY ACCOUNTING.
A study of accounting for single proprietorships, partnerships,
and corporations; manufacturing accounting; accounting
for non-profit organizations.
Three periods a week. Credit, three semester hours each
semester.
30l,30!!. BUSINESS LAW.
Real and personal property, contracts and torts, sales, negotiable
instruments, business organizations, insurance and suretyship,
landlord and tenant, bailments, carriers, trade regulations.
Three periods a week. Credit, three semester hours each
semester.
Offered in 1958'1959 and in alternate years.
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