REVISED SYLLABUS. SESSION 1883-84. ARITHMETIC AND ELEMENTARY ALGEBRA. PRELIMINARY EXAMINATION. Vulgar and Decimal Fractions. Involution and Evolution. Simple and Compound Interest. Exchanges, Stocks, &c. Books recommended : : Barnard Smith's Arithmetic. Colenso's Algebra (First part). FINAL EXAMINATION. Arithmetical and Geometrical Progression (Surd's). Use of Logarithms. Compound Interest and Annuities. Sinking Funds, Repayment of Bonds, Valuation of Leaseholds, Arbitration of Exchanges. No particular course of reading is insisted upon, but the following books are recommended :: Todhunter's Algebra (Large edition), especially Chapters 18, The Article in the "Encyclopædia Britannica" on Annuities. Peter Hardy's Doctrine of Compound Interest. Part I.: Interest Annuities Certain. Wm. Sutton, M.A. * Macmillan, 7s. 6d. † E. and S. Layton, Farringdon Street. The Bills of Exchange Act, 1882, and those portions of the FINAL EXAMINATION. Elementary questions will be set on The general principles of Commercial Law, including, more especially, the Law of Bankruptcy. Questions of a more advanced character on Law of Negotiable Instruments. Candidates will not be expected to quote cases, but will be expected to give the reasons for their answers. Books recommended but not regarded as obligatory : General Principles of Commercial Law. Smith's Mercantile Law, 9th edition (38s.) Book I., Book III., Chapters 11, 12, 13, and Book IV. Anson's Law of Contracts. POLITICAL ECONOMY. PRELIMINARY EXAMINATION. Definition of Political Economy; its relation to other Studies. The Requisites of Production. Division and Organization of Labour; Capitalistic Production, and the Different Functions of Capital. Increasing and Diminishing Returns. Nature of Exchange, and Definition of a Market. Theory of the Distribution of Wealth: Rent, Interest, and Actual Distribution of Wealth: Wages, Profits and Rents; The Principles of Currency, treated in an Elementary manner. FINAL EXAMINATION. The Theory of Value. The Principles of Money and Currency generally. International Trade. The Theory of the Foreign Exchanges. The Money Market. The History of Banking Systems. No particular course of reading is insisted upon. Any clearly and accurately expressed knowledge of the subjects named will be favourably received, irrespectively of the authors, teachers, or opinions involved. But, as many of the Candidates may be previously unacquainted with the Science, the following brief course of reading is recommended : PRELIMINARY EXAMINATION. 1. Marshall's Economics of Industry. 2. F. A. Walker's Wages Question. 3. Jevons' Money and the Mechanism of Exchange. FINAL EXAMINATION. For the Final Examination the books recommended are :1. Adam Smith's Wealth of Nations. (McCulloch's Edition.) Book I., Chapters I. to X., inclusive. Books II. and III. Book IV., Chapters I. to V., inclusive, and Chapter IX. 2. F. A. Walker, on Money. 3. Bagehot's Lombard Street. 4. Gilbart on Banking (Michie's Edition). 5. Goschen's Theory of the Foreign Exchanges. Any Candidate who happens to have access to any of the undermentioned works, or who should prefer to vary his reading, is informed that a knowledge of any of these books will be accepted pro tanto in place of corresponding portions of the works in the previous list :Mill's Principles of Political Economy. Sidgwick's Principles of Political Economy. Thorold Rogers' Manual of Political Economy. Jevons' Investigations in Currency and Finance. (In the Press.) Macleod's Theory and Practice of Banking. Hearn's Plutology. Senior's Political Economy. The following works may also be read with advantage by Candidates desiring to extend their knowledge of the subjects indicated : Inglis Palgrave's Notes on Banking. Seyd's Bullion and Foreign Exchanges. Laing's Theory of Business. Crump's English Manual of Banking. Giffen's Stock Exchange Securities. Giffen's Essays in Finance. Macleod's Dictionary of Political Economy. Vol. I., Articles on Banks and Banking, Coining, Crisis, &c. Rocher's Principles of Political Economy (Lalor's Translation, Chicago, 1878.) Wilson's Capital Currency and Banking. Dun's Statistics of Banking. Stat. Jour., Vol. XXXIX. The collected Essays of Cairnes and Cliffe Leslie. Joseph Garnier's Traité d'Economic Politique. Courcelle-Sencuil's Traité Théorique et Pratique des Opérations de Banque, and other works by the same author. Journal of the Institute of Bankers. The answers in Political Economy will be judged as a whole, so that partial or complete failure in some questions may be compensated by excellence in others. The Connection between a Country Bank and its London The Bank of England: its Relation to Government, the Issue of Notes-England, Scotland, and Ireland. Banking Investments. Advances upon Securities. Exchanges. Commercial Crises. Books recommended, but not regarded as obligatory: Gilbart's Principles and Practice of Banking (16s.). Hankey's Principles of Banking. Somers' Scotch Banks and their System of Issue (7s. 6d.). R. H. Inglis Palgrave's Notes on Banking. Seyd's Bullion and Foreign Exchanges. Macleod's Theory and Practice of Banking. Macleod's Elements of Banking. Journal of the Institute of Bankers. Copies of the papers set at the last Examination may be found in the Journal of the Institute for June, 1883. |