21 courses in the 1966–67 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
P. G. Cornell, E.D., M.A., Ph.D. (Toronto) Professor and Acting Chairman of the Department.
N. E. Lavigne, C.R., B.A. (Western), M. Comm. (Ottawa).
M.B.A. (Detroit) - - - - - Associate Professor J L. P. Fletcher, B.;Comm. (Mount Allison) A.M., Ph.D. (Brown) - - - - - Assistant Professor
W. R. Needham, B.Comm (Carleton), M.A. (Queen’s) - Assistant Professor L. P. Sydor, B.A. (Western), M.A., Ph.D. (Princeton) - Assistant Professor
Note: The number of hours or lectures shown after the course description is an attempt to indicate the “normal;” each instructor determines how often his particular class will meet.
A one-semester course in the elementary principles of Economics offered to Engineering students. The subject matter of the course is the same as that of Economics 100. It differs from the latter course, however, in that more use is made of mathematical analysis, and more attention is given to the application of economic analysis to engineering problems.
Winter and Spring Term, 3 lectures.
A general survey course in the principles of economics. Among the topics discussed are the determination of prices, the measurement and determination of the level of national income and employment, the monetary and banking system, public finance and fiscal policy, labour unions, international trade, and Canadian economic problems.
3 lectures.
The theory of the firm, distribution theory, and the analysis of national income and employment. 3 lectures.
A study of the American, British and Canadian banking systems with particular reference to Canadian central banking and monetary policies since 1935. Some time is also devoted to a discussion of the measurements and determination of the level of national income, employment and prices, money flow accounts, monetary and business-cycle theory, the theory of inflation and international monetary economics. 3 lectures.
The economic development of Canada in its North American setting. Particular emphasis is given to Canadian development within the framework of the staple export hypothesis and the developing international economy.
2 lectures, 1 hour discussion. Given in alternate years.
Double-entry bookkeeping; the bookkeeping cycle; preparation of financial statements; matching revenues and expenses.
depreciation methods and inventory-evaluation problems; accounting for bonds, stocks, and dividends; capital budgeting; direct and indirect costs; consolidation; flow-of-funds analysis; interpretation of financial statements.
3 lectures.
European economic development from the Roman Empire. Emphasis is given to the nature and origin of the forces which gave rise to particular methods of economic organization and institutions, and to the emergence of the market society.
2 lectures, 1 hour discussion. Given in alternate years.
Frequency distributions; measures of central tendency dispersion; skewness and kurtosis; probability theory; tests of hypotheses; sampling techniques; time series analysis; aggregation and index numbers; the estimation and testing of economic relationships using regression and correlation techniques.
3 lectures.
The place of public expenditures and revenue in the national economy, taxation, debt management, and the role of fiscal policy in economic stabilization.
3 lectures.
The pure theory of international trade; balance-of-payments statistics; meaning and measurement of payments imbalances; exchange-rate systems; commercial policy; international investment and foreign aid; problems and suggested modifications of the international monetary system. Considerable emphasis is given to the role of international transactions in development policies.
3 lectures.
A brief survey of the principles of financial organiza-
orp tion and control, and of financial management of corporations.
management corpor
History of trade unionism, wage and employment theory, collective bargaining, labour law, social-security system, unions and democracy, the wage-price issue, labour and economic development.
3 lectures.
The problems of monopoly and economic concentration with special reference to Canada. Government intervention in agriculture, public utilities, transport and foreign enterprise. Public ownership and state planning.
3 lectures.
Concept of efficiency; Pareto, Scitovsky, Hicks, and Little criteria for increase in welfare; application of welfare economics to government expenditures and taxation, international economics, location of industry, and public utilities.
3 lectures.
LU0U
Department of Economics
Analysis of the theories of representative economists. Most attention is given to the writings of Marshall, Chamberlain and Keynes.
3 lectures.
A survey of the historical development of economic theory. 3 lectures.
Examines economic development and growth as they have been conditioned by innovations, technology, savings, methods of resource allocation, factor endowments, public policy, population. Growth theories, land use, and institutional structuring of society are also considered. Prerequisite: Economics 100 and 200.
3 lectures.
Theory of estimation of structural parameters in simultaneous-equation systems; efficiency of estimating techniques; statistical estimation of supply and demand functions; forecasting, testing of hypotheses and related problems. 3 lectures.
Mathematical formulation of economic theory; solutions to systems of simultaneous difference and differential equations; an introduction to dynamic models; analysis of stability conditions; an introduction to linear and nonlinear programming, input-output analysis, and game theory.
3 lectures.
A comparison of resource-allocation methods, growth and development under socialistic and capitalistic systems, and under bureaucratic and market mechanisms.
Prerequisite: Economics 100.
3 lectures.
Topics in important and current economic
problems. 3 lectures.