PDF (1941) - CaltechCampusPubs

ECONOMICS 2H
securItIes; the functions of the corporation and the stock exchange as capitalraising
devices; the development of the banking system and the general principles
of banking, including studies of commercial banking, the national banking system,
and the Federal Reserve system.
Instructor: Laing.
Ec. 25. Business Law. 6 units (3-0-3); first term.
The principles of law as applied to business affairs; a study of the law governing
contracts, negotiable instruments, agency, partnership, corporations, and employer's
liability.
Instructor: Archibald B. Young.
Ec. 34. Corporation Finance. 8 units (2-0-6); :first term.
Corporation promotion; the issue and payment of securities; underwriting; the
sale of speculative securities. Discussion of the principles of capitalization, the
management of corporate income, and the relation of dividend to income. Financial
problems of expansion, combination, and reconstruction of corporations.
Instructor: Laing.
Ec. 45 a, h. Seminar in Social and Economic Organization. ... units
(2-0-2); third term.
This subject consists in weekly lectures and discussions of the development of
economic and social organization from a broad standpoint, and includes consideration
of such subjects as primitive economic and political groupings and methods,
development of gild and feudal systems, evolution of the competitive and quasicompetitive
systems in economic life and democratic organization in political life.
A considerable amount of outside reading is expected from each student. The class
meets once a week for two hours, the first being devoted to lecture and the second
to discussion of the problems treated in the lecture. The number of students is
limited and the seminar is open to juniors and seniors. The seminar meets at 8 p. m.
on Thursday evenings at the home of Professor Laing.
In charge: Laing.
Ec. 48. Introduction to Industrial Relations. 9 units (3-0-6); :first,
second or third terms.
An examination of the causes of, and the proposed remedies for, some of the
labor problems present in our modern industrial economy: unemployment, industrial
accidents, illness, old age, wages, hours of work, and industrial disputes.
In appraising solutions to these problems, consideration is given to (a) the history
and functions of organized labor, (b) the efforts of employers to solve labor problems,
especially through some of the techniques of personnel administration, and
(c) the role of government in regulating labor conditions.
Instructors: Gray, Arthur H. Young.
Ec. 50. Industrial Management. 9 units (3-0-6); third term.
Open to senior engineers. Not offered in 1940-41.
This subject aims to give students planning to enter the general :field of manufacturing
(1) information regarding special management techniques and (2) an
idea as to the relationship of the production function to industrial sales, industrial
:finance, and general executive policies. The scope of the subject is further indicated