An Outline of the Elements of Economics (Classic Reprint)

Excerpt from An Outline of the Elements of Economics<br><br>The course in the Elements of Economics extends throughout the year, carrying four credits per semester. The first semesters work (Economics la) may be elected without the second (Economics lb), but students desiring a general survey of the whole field of economics are advised to take both Economics la and lb. An attempt is made, however, to give to students, whose programs do not permit them to elect more than one semester's work in the Elements as complete a course in Economics la as possible. The work of the first semester includes a portrayal of the economic struggle, production, valuation and distribution, and the problems connected with labor in industry - Parts I-IV of this Outline. The second semesters work includes exchange, consumption, public finance, economic policies and politics - Parts V-VIII of this Outline. Students may enter upon a continuous years work with the opening of either the first or second semester.<br><br>Five methods of instruction are used in the course: the lecture, the class discussion, the written exercise, collateral reading, and the personal conference.<br><br>The Lecture. - In the two lectures per week some descriptive material will be presented, due to the division of labor between the lecture and class discussion, but it will always be the main purpose of the lecture to explain, to correlate, to apply, and if possible to inspire.<br><br>The Class Discussion. - The class will be divided into sections of approximately twenty students each for the purpose of discussing the subject upon the basis of textbook study and collateral reading. The meeting of the section is not for the purpose of oral quizzing or examination, but for developing the subject by the method of question and answer. The class discussion aims at clarifying the subject for the student, and is a coordinate branch of instruction with the lecture.<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.