Copy 2 of DOC - Caltechcampuspubs - California Institute of ...
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Copy 2 of DOC - Caltechcampuspubs - California Institute of ...
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ECONOMICS<br />
ECONOMICS<br />
PUOFESSOU: GUAHAllI A. LAING<br />
ASSISTANT PROFESSORS: HORACE N. GILBERT, CLYDE 'VOLFE<br />
IXSTRUCTOR: RAY E. UNTEREINER<br />
The subjects in this group have the tw<strong>of</strong>old purpose <strong>of</strong> giving<br />
the student an insight into fundamental economic principles, and<br />
<strong>of</strong> acquainting him with some <strong>of</strong> the aspects <strong>of</strong> the practical<br />
operation <strong>of</strong> business enterprises. They furnish the important<br />
connecting link between the technical engineer and the man <strong>of</strong><br />
affairs.<br />
UNDERGRADUATE SUBJECTS<br />
Ee. 2. GENEUAL ECOXOMICS. 6 units (3-0-3); first term.<br />
The principles <strong>of</strong> economics governing the production, distribution,<br />
and consumption <strong>of</strong> wealth, with particular reference to some <strong>of</strong> the<br />
important business and social problems <strong>of</strong> the day.<br />
Text: Economics, Vol. I, Fairchild.<br />
Instructors: Laing, Unterciner.<br />
Ec. 3. ECONOMIC HISTOUY. 2 units (1-0-1); second term.<br />
The general purpose <strong>of</strong> the eourse is to show the dynamic nature <strong>of</strong><br />
economic society. The various stages in the development <strong>of</strong> economic<br />
life from primitive beginnings to the industrial revolution are dealt with.<br />
The problems <strong>of</strong> economic organizrrtion that hrrve arisen under a competitive<br />
and a quasi-competitive system are considered from the point <strong>of</strong><br />
view <strong>of</strong> the causative and developmental influences which have produced<br />
them.<br />
Text: Introduction to Economic History, Gras.<br />
Instructor: Laing.<br />
Ec. 4. SEJ.ECTED ECONOMIC PUOllI.ElIiS. 4. units (2-0-2); second term.<br />
Prerequisite: Ec. Z.<br />
A development <strong>of</strong> the course in General Economics, presenting a<br />
fuller treatment <strong>of</strong> specific problems such as: transportatjon, agriculture,<br />
labor legislation, socialism, present labor policies.<br />
Text: Economics, Vol. II, Fairchild.<br />
Instructors: Laing, Untereiner.<br />
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