Economics

This course provides an introduction to the functions of individual decision-makers, both consumers and producers, within the larger economic system. The primary emphasis is on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in promoting efficiency in the economy. (lec 3) cr 3. Students may not retain credit for both ECON 1006 and either ECON 1005 or ECON 4000. Lecture (3.00).

This course provides an introduction to the theory of the determination of total or aggregate income, employment, output, price levels, and the role of money in the economy. The primary emphasis is on monetary and fiscal policy, inflation, unemployment, economic growth, and international economics. (lec 3) cr 3. Students may not retain credit for both ECON 1007 and either ECON 1005 or ECON 4000. Lecture (3.00).

A study of the economics of urban areas: spatial economic structure, land-use controls and policies, spatial sorting, urban systems, urban transportation, housing and real estate markets, local government finance, urban social problems. PREREQ: ECON 1006. (lec 3) cr 3. Lecture (3.00).

Economics of regions: impact analysis, economics of location, growth and trade, labour markets and unemployment, development issues and policy. PREREQ: ECON 1006/1007. (lec 3) cr 3.

This course examines the application of economic analysis to air, water, and soil use; the costs and benefits of polution control; pollution policy in practice; and current regulatory policies. PREREQ: ECON 1006/1007. (lec 3) cr 3.

A study of health as an economic good; public health and personal health care; alternative delivery systems; demand and need; supply and costs; and efficiency in health care technique for assessing cost benefit and cost effectiveness. PREREQ: ECON 1006/1007. (lec 3) cr 3.

The course investigates microeconomic issues affecting the Canadian economy. Student loans and postsecondary education; patents and copyrights in a digital age; regulation of market power, information disclosure and product safety; homelessness; and/or other issues are covered. PREREQ: ECON 1006/1007. (lec 3) cr 3. Students may not retain credit for both ECON 2086 and ECON 2085. Lecture (3.00).

This course investigates macroeconomic issues affecting the Canadian economy. Policies for fighting recessions and unemployment; government debt management; inflation rate targeting; trends in Canada's income distribution; causes and consequences of the Canada-U.S. dollar exchange rate; Canada in the global economy; and/or other issues are covered. PREREQ: ECON 1006/1007. (lec 3) cr 3. Students may not retain credit for both ECON 2087 and ECON 2085.

This course examines linear and nonlinear functions and their diagrammatic representations, differential calculus including functions of two or more variables, logarithmic and exponential functions, and matrix algebra. The emphasis is on the applications of these concepts to economics and finance. PREREQ: ECON 1006. (lec 3) cr 3.

This course covers basic statistical concepts and measurement of economic variables, probability distributions, hypothesis testing, sample surveys and sampling methods and, simple and multiple linear regression techniques required in economics using an econometric software package. The goal is to provide an applied introduction to regression analysis. PREREQ: ECON 1006/1007 or permission of the instructor. (lec 3) cr 3.

This applied microeconomics course examines the peculiar economics of professional sports. Topics examined include the competitive balance of sports leagues, the demand and supply of sports franchises, the public financing of professional teams, the bargaining process and player salaries, and discrimination. PREREQ: ECON 1006. (lec 3) cr 3. Lecture (3.00).

This course introduces non-cooperative game theory with an emphasis on the 2x2 games and the principles of formally modeling social situations. Examples are drawn from many disciplines. PREREQ: an introductory course in the social sciences. (lec 3) cr 3. Students may not retain credit for both ECON 2266 and ECON 2265.

This course introduces cooperative game theory with an emphasis on bargaining games, matching games and sharing games. PREREQ: an introductory course in the social sciences. (lec 3) cr 3. Students may not retain credit for both ECON 2267 and ECON 2265. Lecture (3.00).

This course provides an introduction to basic statistical concepts and techniques that are common to all disciplines in the social sciences. The principal topics include: data collection and description, the characteristics and features of the normal probability distribution, the formulation and testing of hypotheses, linear correlation and regression analyses. (lec 3) cr 3. Students may not retain credit for both STAT 2126 and STAT 1056, or any other introductory statistics course.

This course examines competitive markets. Topics may include competitive model, comparative statics, market elasticities, constrained consumer choice and demand, firms and production, short-run and long-run costs, profit maximization and supply, competitive firms and markets, welfare economics and government intervention, and general equilibrium and resource allocation. Students cannot retain credit for both ECON 2106 and ECON 2006. PREREQ: ECON 1006. (lec 3) cr 3.

This course examines the history, causes, and consequences of aggregate economic fluctuations, such as the Great Depression of the 1930s, the Great Inflation of the 1970s, and the Great Recession of 2007. Major topics may include the measurement of macroeconomic variables, sources of fluctuations in closed and open economies, the determination of the level of production, unemployment, interest rates, exchange rates, and the trade balance in the short run, the role of uncertainty and expectations, the role of fiscal and monetary policies, and current policy debates. Students cannot retain credit for both ECON 2016 and ECON 2015. PREREQ: ECON 1007. (lec 3) cr 3. Lecture(3.00).

An introductory survey of the contemporary Japanese economy. Topics include: the employment system and the role of unions, groups of related firms (Keiretsu), urban-environmental issues, the role of women in the labour force, sources of economic growth, and Japan in the world economy. Techniques of applied economic analysis acquired in the course can be applied to the study of any modern economy. PREREQ: ECON 1006/1007. (lec 3) cr 3. Lecture (3.00).

This course examines public revenues and expenditures, theory of social goods, growth in public expenditure, and economic analysis of individual taxes. PREREQ: ECON 2106. (lec 3) cr 3.

This course studies fiscal policy, public debt, fiscal federalism, and other contemporary issues. PREREQ: ECON 3106. (lec 3) cr 3.

This course emphasizes the process of investment in human resources and how the elements of capital theory lead to specific applications in education including their effects on economic growth, as well as the relation of investment in education to the personal income distribution and to intergenerational transfers of economic inequality. PREREQ: ECON 1006. (lec 3) cr 6.

This course will cover such topics as unions (their impact and growth), women in the workplace, social insurance programs, unemployment and inflation, and competing approaches to labour economics. PREREQ: ECON 1006/1007 or permission of instructor. (lec 3) cr 3. Students may not retain credit for both ECON 3046 and ECON 4046. Lecture (3.00).

This course studies the application of economic theory to the development, production and exhaustion of natural resources (energy, fishery, timber, mineral, etc.); resource management, substitution and conservation; and contemporary Canadian resource problems. PREREQ: ECON 1006/1007. (lec 3) cr 3. Lecture (3.00).

This course introduces the essentials of financial economics with a focus on the time value of money, investment decisions, the valuing of financial assets, optimal portfolio choice and the capital asset pricing model. PREREQ: STAT 2126 and ECON 1006/1007 (or ECON 1005). (lec 3) cr 3. Students may not retain credit for both ECON 3066 and either ECON 3065 or COMM 2026.

This course continues the introduction to the essentials of financial economics with a focus on capital structure, payout policy, options, lease valuation, and hedging risk. PREREQ: ECON 3066. (lec 3) cr 3. Students may not retain credit for both ECON 3067 and either ECON 3065 or COMM 2027.

The course develops a unifying analytical framework for the way financial markets (such as money, bond, stock, and foreign exchange markets) work. The framework provides students with the tools to understand trends in the marketplace. The course also focuses on the operating framework for the implementation of monetary policy in Canada, risk management with financial derivatives, and the internationalization of financial markets. PREREQ: ECON 1006/1007. (lec 3) cr 3. Lecture (3.00).

This course considers the application of economic analysis to health care. Topics include project appraisal, measurement of health status, cost-effective and cost-benefit analysis. PREREQ: ECON 1006 and ECON 1007 and ECON 2006 or ECON 2007 (lec/sem 3) cr 3.

An examination of Marx's economic theory, concentrating on the theories of value and surplus value, the theory of accumulation, the theory of money and circulation, and the concept of socialism, consideration of some selected work of later marxist economists and discussion of some criticisms of the marxist theory. PREREQ: ECON 1006/1007. (lec 3) cr 3. Lecture (3.00).

Explores approaches to the definition and comparison of economic systems, particularly capitalism and socialism. Includes an introduction to the development of the Soviet economy including the NEP, debates on agriculture and industrialization, the emergence of central planning, problems of price formation and price reform, national accounting and growth, international trade and exchange, and Perestroika, particular features of the plan and the market in other socialist countries. PREREQ: ECON 1006/1007 and ECON 3236 or permission of the instructor. (lec 3) cr 3.

The history of economic thought concentrating on the development of economic analysis and theories from antiquity to John Stuart Mill. PREREQ: ECON 1006/1007. (lec 3) cr 3. Students may not receive credit for both ECON 3436 and ECON 4036. Lecture (3. 00).

This course assesses contributions to economic analysis mainly from the time of John Stuart Mill to the present. PREREQ: ECON 1006 and ECON 1007 (lec 3) cr 3. Students may not retain credit for both ECON 3437 and ECON 4037

This course concentrates on theories and policies concerning international trade. It covers classical and modern theories of trade, trade and foreign investment, trade policy instruments, regional trade blocs, and the World Trade Organization. This course also explores Canada's trade relations with major trading partners. PREREQ: ECON 2106. (lec 3) cr 3. Students may not retain credit for both ECON 3446 and ECON 3445.

This course concentrates on financial aspects of international trade. Major topics include national income accounting in an open economy, the balance of payments, types of exchange rate systems, the purchasing power parity theory, the optimum currency area, macroeconomics policies under alternative exchange rate systems, and international money and capital markets. PREREQ: ECON 2107 or permission of the instructor. (lec 3) cr 3. Students may not retain credit for both ECON 3447 and ECON 3445. Lecture (3. 00).

This course covers simple regression and necessary statistical techniques, multiple regression analysis, econometric methods involving dummy variables, autocorrelation, heteroscadasticity, randomized controlled trials, and the use of matrix algebra in econometric models. PREREQ: ECON 2136 or permission of the instructor. (lec 3) cr 3.

This course provides the necessary mathematical skills to understand models in economics. Topics include elements of matrix algebra and differential calculus, integral calculus, comparative static analysis, logarithmic and exponential functions, optimization without constraints, and constrained optimization. PREREQ: ECON 2106 or ECON 3106, and ECON 2127. (lec 3) cr 3.

This course examines the organization, structure, and performance of the economy of China with a focus on the market-oriented reform period since 1978. Topics covered include rural and urban development, industrial strategy and planning, economic reform, economic growth, macroeconomic policy, international trade and investment, and environmental issues. (Lec 3; Credits: 3) Prerequisite(s): ECON 1006 and ECON 1007 or ECON 1005

This course concentrates on imperfectly competitive markets. Topics may include monopoly power and regulation, price discrimination and advertizing, oligopoly and monopolistic competition, game theory and strategic behaviour, factor markets and vertical integration, income distribution, inter-temporal choice and capital markets, uncertainty, asymmetric information, contracts and moral hazards, and externalities and public goods. Students cannot retain credit for both ECON 3106 and 2007. PREREQ: ECON 1006. (lec 3) cr 3.

This course examines long-run economic growth, income distribution, and living standards of societies. Topics may include historical facts about growth within and across nations using elementary theories of growth, the role of institutions, technological progress, population growth, and natural resources, long-run theories of inflation, unemployment, and exchange rates, government debt, and the political economy of income inequality. Student cannot retain credit for ECON 3107 and either ECON 2017 or ECON 2015. PREREQ: ECON 1007. (lec 3) cr 3.

A study of advanced econometric methods and models and their applications. Also covers further topics in multiple-regression models, such as dummy variables, multicollinearity; generalized least-squares analysis; maximum likelihood estimation, simultaneous equations system, identification problem; lag variables. PREREQ: ECON 3466. (lec 3) cr 3.

This course provides qualified students with an opportunity to write an Honours thesis based on original research in an area related to their specialization or major(s) for which faculty supervision is available. The course is strongly recommended for students considering graduate studies. Students are not permitted to obtain credit for more than one Honours thesis. PREREQ: A minimum overall GPA of 7 (75-79% or B+), completion of at least 84 university credits, and permission of the department. Students must normally submit their research proposal to the department chair by March 31 to register in the next academic year. (tut 3) cr 6.

This course examines the principles of practical cost-benefit analysis. Sections of the course include the importance and history of cost-benefit analysis, financial appraisal, and cost-benefit analysis. PREREQ: ECON 2106 or ECON 3106. (lec 3) cr 3.

Advanced coverage of selected topics in economics. Specific content varies depending on which faculty member teaches the course. PREREQ: Permission of the department or course instructor. (lec 3) cr 3. Lecture (3.00).

Advanced coverage of selected topics in economics. Specific content varies depending on which faculty member teaches the course. PREREQ: Permission of the department or course instructor. (lec 3) cr 3.

This course provides an opportunity for qualified students to do special studies in economics outside the regular department offerings and under Faculty supervision. PREREQ: Permission of the department. cr 3. Lecture (3.00).

This course consolidates and expands the material covered in ECON 2106 and ECON 3106 with particular attention to welfare economics, general equilibrium, consumer theory, market structure, production theory, factor demand and supply, and technological change. Students cannot retain credit for both ECON 4106 and ECON 4006. PREREQ: ECON 2106, ECON 3106, and ECON 2127. (lec 3) cr 3.

This course consolidates and expands the main topics covered in ECON 2107 and ECON 3107, with particular attention to static equilibrium model of national income determination, sectoral demand functions, medium-term dynamics and long-run growth. Students cannot retain credit for both ECON 4107 and ECON 4007. PREREQ: ECON 2107, ECON 3107 and ECON 2127. (lec 3) cr 3.