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ECONOMICS
and the stock exchange as capital-raising 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); third term.
The principles of law as applied to business affairs, including discussion
of such fundamental topics as the definition of law, its sources, and
a brief study of the law governing contracts, negotiable instruments,
agency, partnership, corporations, and employer's liability.
Text: Business Law, Conyngton and Bergh.
Instructor: Untereiner.
Ec. 30 a, b. BUSINESS ADlIIINISTRATION. 8 units (3-0-5); first and
second terms.
General consideration of the problems of business and more detailed
study of the main problems, inclnding location of industry and plant,
scientific management, wage systems, labor relations, marketing and
sales problems, financial organization and business risks, outIinir,tg principal
forms of risk and methods of dealing with them. Discussion of
the forms and varieties of business unit; individual producer, partnership,
joint-stock company, and corporation. The principles and technique
of foreign trade.
Instructor: Laing.
Ec. 34. CORPORATION FINANCE. 6 units (2-0-4); 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.
Text: Corporation Finance, Dewing.
Instructor: Laing.
Ec. 45 a, b. SElIIINAR IN SOCIAl. AND ECONO:>IIC ORGANIZATION. 4
units (2-0-2); second and third terms.
This course 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 quasi-competitive systems in
economic life and democratic organization in political life. A considerable
amount of outside reading is required from each student. The class