This course looks at financial aspects of development programs. Consideration is made of the role of finance in macroeconomic equilibrium, and fiscal and monetary policies in inflation and development of financial markets. The course examines the principal kinds of tax instruments, their impacts on investment and saving, resource allocation, stabilization, and the progressivity of tax burdens. Format: lecture. Requirements: two hour tests and a comprehensive final. Prerequisites: Economics 251 and 252. Expected enrollment: 25-30. Undergraduate enrollment limited and only accepted with instructor's permission.