137.

151.

154.

IOP.

237.

251.

138.

ECONOMICS 147

BUSINESS FINANCE. I, II; 3 cr. The internal administration of the
financial function dealing with sources of capital, the handling of
incoming and outgoing funds, and the most efficient utilization of
capital. Prerequisite: Economics 1b. 10 F and two hours discus-
sion. Mr. Jamison, Mr. Ganong.

LATIN AMERICA. I, II; 3 er. The economic development and for-
eign trade of Latin America, with emphasis on the stabler republics.
The outlook for increased foreign trade and investment. Prerequi-
site: Economics 1b. 11 MWF. Mr. Jones.

RISK AND ProriT. I; 3 er. Nature and sources of risk and profit
in business and industry; the price system, its functions and defects;
financial aspects of business cycles; business forecasting; the stock
market. Prerequisite: Minimum grade of C in Economics 1b. 10 .
MWF. Mr. Morton.

THE CREDIT SysTEM. II; 3 cr. Financial institutions from the pri-
vate and public viewpoints. Commercial banking, functions and op-
erations, profits, loans, discounts, investments, and deposits. Federal
Reserve operations, discount and open market policies. Prerequisite:
Minimum grade of C in Economics 5. 9 MWF. Mr. Morton.

SEMINARY IN PRIVATE FINANCE. Yr; 2 cr. Subject for 1930-31:
Monetary and banking theory. 2:30-4:10 F. Mr. Scott.

SEMINARY IN PUBLIC FINANCE. Yr; 2 cr. Subject for 1930-31: The
Wisconsin tax system. Prerequisites: Graduate standing and Eco-
nomics 124 or consent of the instructor. 7:30-9:30 Tu. Mr. Groves.

SEMINARY IN BUSINESS FINANCE. Yr; 2 cr. Analysis of investment
securities. Prerequisite: Consent of instructor. 3:30-5:30 W. Mr.
Jamison.

SEMINARY IN LATIN-AMERICAN DEVELOPMENT AND TRADE. Wars 2) cr:
Subject for 1930-31: The development of the production of staple
products in Latin America. Foreign investments in government se-
curities and local enterprises. Changes in the course of foreign trade.
4-6 Tu. Mr. Jones.

SEMINARY IN INTERNATIONAL FINANCE. I; 2cr. Foreign trade, for-
eign exchange, foreign investments including international debts and
reparations, tariff policies. Prerequisite: Training in both private
and public finance, and consent of instructor. Open on same terms
to senior majors with upper-group status. 10-12 M. Mr. Kiekhofer.

VI. INSURANCE

PROPERTY INSURANCE. II; 2 er. Major principles and practices of
the various forms of miscellaneous insurance: Fire, marine, auto-
mobile, corporate bonding, fidelity, windstorm, burglary and theft,
public liability, hail, plate glass, steam boiler, etc. Prerequisite:
Economics la, 1:30-8:30 M. Mr. Beecher.

Lire Insurance. I; 2 cr. A study of the economic function of life
insurance through an analysis of its principles and practices. Mor-
tality tables, premium rates, policy forms, investments, accounting
practices, legal principles, organization forms, state supervision.
Prerequisite: Economics la. 1:30-3:30 M. Mr. Beecher.