As such, it is necessary for all but the exceptional concentrator and also a worthwhile course for distribution. Ec A suffers heavily, however, from poor integration and a notorious lack of uniformity in the quality and quantity of its presentation by the many instructors who give it. The suggestion has frequently been made that a competent lecturer would salvage the course, and this is probably true, though the Department cites numerous administrative difficulties that make this difficult to effect.
Economics 1--"Theory and Policy"--is nominally required of all honors candidates, and is virtually a necessity for the divisional exam. Many students find this the most difficult phase of their study, and the highly abstract nature of the material necessitate competent instruction.
Excellent treatment has been afforded this course by many of the professors students who have given it in the past, but many students who have taken it in the past year feel strongly that a change is in order.
Little else of straight theory is offered on the undergraduate level. Courses closely related to theory, however, include "The Economy of the United States", "The Economy of Russia", "Chinese Economic Problems", "The Economy of Latin America", and "The Economics of Socialism".
The last-named offers in Professor Schumpeter one of the most colorful and learned figures of the entire Faculty, and the subject material is incalculably important to all who pretend to take notice of the affairs of our divided world.
"Money and Finance" is the catch-all special field, embracing "Money and Banking", "International Trade", "International Economic Relations", "Economic Imperialism", "Business Cycles", and "Public Finance".
Marketing Courses Listed
"Market Organization and Control", includes courses in "The Corporation and its Regulation", "Industrial Organization and Control", "Consumption, Distribution, and Prices", and "The Economics of Agriculture".
"Labor Economics and Social Reform" covers courses in "Trade Unionism and Collective Bargaining", "Public Policy and Labor", "The Economics of Social Security", and the aforementioned "Economics of Socialism".
Owing perhaps to the extensive breadth of the course material--a total of seventeen full courses for undergraduates are listed in the new catalogue--there is little intensive pyramiding. Advanced study is largely restricted to the graduate curriculum, which is accessible to only a very few undergraduates.
The course list is virtually inexhaustible, and no student can hope to cover all of it with any degree of completeness. The attempt will not be without its rewards, however. It has long been claimed that "no two economists ever agreed on anything"; there is sufficient truth in this to make Economics one of the most challenging, if perplexing, fields of college study.