Academic Calendar Fall 2017

Economics


English language proficiency requirements

Students registering in post-secondary level courses (numbered 100 to 499) will be required to meet the English language entrance proficiency requirements. Students in ELS or the University Foundations programs can register in those courses identified in the University Foundations program with lower levels of language proficiency.

Please note that not all courses are offered every semester.

ECON 100

3 credits

Principles of Microeconomics

Prerequisite(s): None

This course analyzes the decision making of individual households and firms in a market economy, with an emphasis on the use of the price mechanism to allocate resources. The course will include applications to economic policy.

ECON 101

3 credits

Principles of Macroeconomics

Prerequisite(s): None

This course develops a basic understanding of economy-wide issues such as growth, composition, and fluctuation of overall output, the determinants of unemployment, inflation, and interest rates, and the role of the financial system in facilitating savings and investment. It teaches students the tools to understand the debates surrounding current macroeconomic issues and to evaluate various policy instruments. Techniques in measuring aggregate variables are studied and these variables are subsequently employed as inputs for macroeconomic models utilized to provide insight into economic policy issues.

ECON 199

3 credits

Selected Topics in Economics

Prerequisite(s): None.

This course provides students with an opportunity to investigate a range of topics through application of economic methodologies and analyses. The course will describe, analyze, and account for empirical regularities and phenomena pertaining to various contemporary social, environmental, and economic issues.

Note: This course will be offered under different letter designations (e.g. C-Z) representing different topics. This course may be repeated for credit provided the letter designation differs.

ECON 203

3 credits

Comparative Economic Systems

Prerequisite(s): ECON 100 or ECON 101

This course takes a comparative approach to the study of how different economic systems deal with the problems of scarcity and choice. It defines, describes, and analyzes the underlying concepts and characteristics of modern economic systems. Students will be introduced to classification of economic systems, criteria for evaluating performance of various systems, and social-economic forces that drive the evolution of economic systems. The aim is to learn the basic theoretical framework and develop the analytical tools to understand the history, functional attributes, and institutional features of the economies in the 21st century.
Note: Students with credit for ECON 102 cannot take this course for further credit.

ECON 207

3 credits

Introduction to Strategic Thinking

Prerequisite(s): ECON 100 and ECON 101

This course provides an introduction to the concepts of game theory in economics. Game theory is the study of decision making in situations characterized by strategic interaction; that is, where an individual’s optimal decision is dependent not only on exogenous factors, but also on the choices made by other individuals. As game theory is simply the study of human interaction, its ability to explain and predict behavior is applicable in a wide range of settings including economics, business, political science, law, psychology, history, anthropology, and other social sciences. To help translate theory into practice, students participate in in-class teaching games.

ECON 215

3 credits

Canadian Economic Issues

Prerequisite(s): ECON 100 and ECON 101

This is a post-principles course that engages students in a discussion of specific micro and macro economics topics including labour markets, agricultural economics, public finance, industrial strategy, trade policy, resource development, competition policy, and health and education. This course brings an economic perspective to major policy issues facing Canada, its provinces, and its major trading partners.

ECON 226

3 credits

Economic and Business Statistics

Prerequisite(s): STAT 106 (formerly MATH 106) and one of MATH 111 or MATH 141 (formerly MATH 115).

This is a cross-listed course. Please refer to BUS 226 (formerly BUS 301) for the official course outline.

ECON 242

3 credits

Economic Geography

Prerequisite(s): One of the following: AGRI 142, BUS 100, ECON 100, ECON 101, GDS 100, GEOG 111, or GEOG 140.

Concepts and methods of economic geography. Focus on the spatial distribution of and interactions between natural resources and energy, manufacturing, and services in the capitalist economy. Additional consideration of geographies of innovations, competition, and inequality, and of firm location decisions.

Note: This course is offered as GEOG 242 and ECON 242. Students may take only one of these for credit.

ECON 307

3 credits

Managerial Microeconomics

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101, and one of MATH 111 or MATH 141.

This course develops and applies the principles of microeconomic analysis to decision making in business. Emphasis will be on the application of analytical techniques to economic and business problems. The course will concentrate on consumer demand, comparative static analysis, determinants of costs and production, the organization and coordination of firms, market structure, pricing strategies, game theory, and strategic interaction.

ECON 341

3 credits

International Trade

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101

Topics discussed in this course include gains from trade in a Ricardian world, trade theory with increasing return to scale, empirical tests and extensions of theoretical trade models, economic growth and international trade, the nature and effects of protection, multinational enterprises, customs union theory, globalization of the production process, trade and the environment, and international trade agreements and trade disputes.

ECON 349

3 credits

Financial Management I

Prerequisite(s): BUS 143, BUS 226 (formerly BUS 301), and BUS 249 (formerly BUS 149 and BUS 162).

The principles of effective corporate financial management are essential in running any business organization. This course will target various aspects of managing an organization financially, focusing on the theory and application of financial analysis, valuation, capital budgeting, and risk.

Note: This course is offered as BUS 349 and ECON 349. Students may take only one of these for credit.

ECON 352

3 credits

Technological Progress and Economic Growth

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101

This course equips students with a theoretical foundation for studying economic growth and technological progress. Topics covered include sources of economic growth, the impact of technological advances on growth and economic systems, the social-economic factors that influence innovation and diffusion of technology, and public policy issues on technological progress and economic growth.

ECON 360

3 credits

Labour Economics

Prerequisite(s): ECON 100, ECON 101, and one of MATH 106 or MATH 104

This course focuses on labour economics and its application to the Canadian economy. The course analyzes labour issues using institutional facts along with analytic and empirical methods. The emphasis is on the interaction between economic theory and empirical evidence. Simple theoretical models of labour demand and labour supply are developed; students conduct economic analysis, and organize and present data.

ECON 361

3 credits

Environmental Economics

Prerequisite(s): 45 university-level credits including ECON 100 and ECON 101.

This course explores the proper role of government regulation regarding the environment. Students will study the economic framework used to estimate the costs and benefits of environmental policies. This framework will be used to evaluate a series of policy questions, including: What is the relationship between economic growth and environment quality? How much pollution should there be? What are the costs of climate change? Are we running out of resources?

Note: This course is offered as ECON 361 and GEOG 361. Students may take only one of these for credit.

ECON 365

3 credits

Transportation Economics

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101

This course focuses on economic issues related to both passenger and freight transportation. These issues include the demand and supply of transportation, market structure of transportation, transport cost and price analysis, transportation regulation, the evaluation of public and private modes of transportation, and the economic analysis of proposed transportation systems.

ECON 388

3 credits

Law and Economics

Prerequisite(s): 45 university-level credits, including one of ECON 100, ECON 101, or CRIM 220.

In this course, economic methodology serves two roles in analyzing the legal system. First, fundamental economic principles provide a scientific theory to predict the effects of legal sanctions on behaviour. Second, economic theory provides a useful normative standard for evaluating law and policy. Topics covered include property rights, contract formation and breach, tort law, law as an instrument for achieving desired social goals, an economic critique of the legal system, and crime and punishment.

ECON 397

3 credits

Regulatory Economics

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101

This course provides a framework for students to understand regulatory issues in the rapidly changing area of government-business relations in the 21st century. Students will learn the principles of and rationale for government regulations of business and examine how these principles are practiced in a number of industries to resolve various policy issues. They will also gain knowledge of the nature of business organization, market structure, and regulatory regime, with a particular focus on the Canadian economy.

ECON 398

3 credits

Development Economics

Prerequisite(s): 45 university-level credits, including one of ECON 100 or ECON 101

This course will introduce students to the field of development economics, which applies theories and analytical tools of economics to the policy issues of underdeveloped economies such as poverty alleviation in poor countries and regions. The issues of development are wide-ranging and often require interdisciplinary perspectives. It is therefore crucial to exercise economic analysis of these issues in their institutional, historical, and geographical contexts. Country cases and cross-country comparative studies are used to illustrate the approach of development economics.

ECON 410

3 credits

Macroeconomics and Financial Markets

Prerequisite(s): 45 university-level credits, including ECON 100 and ECON 101, and one of MATH 111 or MATH 141.

This course examines the economy as a whole, with a focus on financial markets. Topics include financial markets and institutions, the management of financial institutions, inflation and unemployment, interest rates in money and capital markets, savings and investment, business cycles, international financ, and ecomomic growth.

ECON 433

3 credits

Investments

Prerequisite(s): BUS 349.

Focus is on students' ability to evaluate securities. Extensive discussion of the theories and application of risk-return relationships. Introduction to portfolio-analysis and performance-measurement techniques. Application of these techniques in an investment simulation.

Note: This course is offered as BUS 433 and ECON 433. Students may take only one of these for credit.

ECON 434

3 credits

Risk Management and Financial Engineering

Prerequisite(s): BUS 349.

This is a cross-listed course. Please refer to BUS 434 for the official course outline.

ECON 435

3 credits

International Financial Management

Prerequisite(s): BUS 349.

A study of international financial markets and institutions. Students are introduced to the management of assets and liabilities in an international and multinational setting. Topics covered include foreign exchange risk, interest rate swaps, and international portfolio management.

Note: This course is offered as BUS 435 and ECON 435. Students may take only one of these for credit.

ECON 449

3 credits

Financial Management II

Prerequisite(s): BUS 349.

An exploration of the current practices of financial management, with a valuation-based management focus including capital budgeting under uncertainty, capital structure, dividends policy, and mergers and acquisitions.

Note: This course is offered as BUS 449 and ECON 449. Students may take only one of these for credit.

ECON 490

3 credits

Directed Studies in Economics

Prerequisite(s): ECON 100, ECON 101, ECON 307, and instructor’s permission.

This course is designed for students who wish to examine a particular topic in economics in greater depth. It will be offered either as an individual reading course or as lectures to a small class, depending upon student and faculty interest. Admission is by instructor consent only.

Last extracted: May 09, 2017 02:02:22 PM

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