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Economics (ECON)

25 courses in the 1967–68 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.

Notes

Faculty listed in 1967–68

J. S. Minas, B.A. (Wayne), Ph.D. (Illinois) - Professor and Acting Chairman Dean of Graduate Studies

S. S. Sengupta, M.A., D.Phil. (Calcutta) - - Visiting Professor N. E. Lavigne, C.R., B. A. (Western), M.Comm. (Ottawa).

M.B.A. (Detroit) - - - Associate Professor K. M. H. Bennett, B.A., M.A. (Queen’s) - - Assistant Professor S. G. Clarke, B.A., M.A. (Queen’s) - - Assistant Professor L. P. Fletcher, B.;Comm. (Mount Allison), A.M., Ph.D.

(Brown) - - Assistant Professor and Deputy Chairman

W. R. Needham, B.Comm. (Carleton), M.A. (Queen’s) Assistant Professor and Executive Secretary

Notes: (1) The number of courses offered in a particular year will not necessarily include all of those listed below.

(2) The number of hours or lectures shown after the course descriptions is an attempt to indicate the “normal”; each instructor determines how often his particular class will meet.

Undergraduate Courses in Economics

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ECON 15 Principles of Economics

A one-term course in the elementary principles of economics developed to serve the special needs of students in the co-operative programs, who do not plan to take other courses in economic theory. The subject matter will cover both the economics of the firm and the economics of the nation. Topics will include the determination of price by supply and demand, the modern theory of income, employment and prices, government fiscal policy, and the theory of the firm.

Each term, 3 lectures.

Economics 101, 102 comprise the regular sequence of courses in introductory economics for students majoring in this field, and for other students who plan to do additional work in economics.

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ECON 101 Introduction to Economics

The first half of the course indicates the discussion of the central problems of every economic society, the functioning of a mixed capitalistic enterprise system, the economic role of government, the determination of national income, the banking system, and government fiscal and monetary policy.

3 lectures, (Half course).

Scanned page 185ECON 101 today

ECON 102 Introduction to Economics

Subjects to be discussed in this half of the course include the composition and pricing of national output, pricing of productive factors and income distribution, international trade and finance, and current economic problems.

Prerequisite: Economics 101. 3 lectures. (Half course).

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Scanned page 185ECON 102 today

ECON 201 Intermediate Price Theory. Theory of consumer demand; production

theory; equilibrium of the firm; market structures; the pricing of productive factors.

Prerequisite: Economics 102. 3 lectures. (Half course).

Scanned page 186ECON 201 today

ECON 202 Intermediate Macro-economic Theory. The social accounts; the modern

theory of the determination of income and employment; inflation; introduction to the theory of growth.

Prerequisite: Economics 101. 3 lectures. (Half course).

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ECON 230 Money and Banking

A study of the Canadian banking system with reference to the American and British systems; monetary theory and Canadian monetary policy since 1935.

Prerequisite: Economics 102.

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ECON 240 Economic History of Canada

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.

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ECON 256 Introduction to Financial Accounting

Recording transactions; preparation and analysis of financial statements; accounting for inventories, fixed assets, liabilities, and share-holders’ equity.

Prerequisite: Economics 15 or 101. 2 lectures, 2 hours laboratory. (Half course, Fail term).

Scanned page 186ECON 256 today

ECON 257 Introduction to Managerial Accounting

Systems of Cost Accounting, analysis of cost variances, budgeting, break-even analysis, the problem of changing price levels.

Prerequisite: Economics 256. 2 lectures and 2 hours laboratory. (Half course. Winter term).

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ECON 261 European Economic History

Selected topics in Europcan economic development in the Medieval period. 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.

(Half course, Fall term; 2 lectures, 1 hour discussion).

262% European Economic History. Selected topics in European economic development in the modern period. Particular emphasis is placed on a comparative analysis of the economic development of the countries of Europe, particularly England, France and Germany.

(Half course; Winter term, 2 lectures, 1 hour discussion).

Scanned page 186ECON 261 today

ECON 300 Statistical Methods

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.

Prerequisite: Economics 102. 3 lectures.

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ECON 320 North American Economic History

An advanced level treatment of the economic development of North America with particular emphasis given to various facets of the economic inter-relationships between Canada and the United States.

Prerequisite: Economics 201, 202. Lectures and seminars.

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ECON 330 Public Finance

The place of public expenditures and revenue in the national economy, taxation, debt management, and the role of fiscal policy in economic stablization.

Prerequisite: Economics 201, 202. 3 lectures.

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ECON 340 International Trade and Finance

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.

Prerequisite: Economics 201, 202. 3 lectures.

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ECON 365 Corporate Finance

The general problem of financing business activities; the financial organization and control of corporations, liquidations and reorganizations; the operation of capital markets.

Prerequisite: Economics 256.

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ECON 370 Labour Economics

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. , Prerequisite: Economics 102,-3 lectures.

371*-374. Special Subjects. One or more half courses will be offered at different times as announced by the department. Prerequisite: Consent of instructor.

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ECON 380 Industrial Organization and Public Policy

The problems of monoply and economic concentration with special reference to Canada. Government intervention in agriculture, public utilities, transport and foreign enterprise. Public ownership.

Prerequisite: Economics 201. 3 lectures.

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ECON 385 Business Cycles

Study of changes in the levels of national output; theories of the business cycle; proposals for controlling economic fluctuations. Prerequisite: Economics 202.

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ECON 400 Advanced Economic Theory

An advanced treatment of selected topics in economics. Prerequisite: Economics 201, 202.

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ECON 421 Welfare Economics

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 in, dustry, and public utilities.

Prerequisite: Economics 201, 202. 3 lectures. (Half course).

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Scanned page 187ECON 421 today

ECON 440 History of Economic Thought

A survey of the historical development of economic theory. Prerequisite: Economics 201, 202.

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ECON 450 Economics of Development

The problem of economic development; theories of growth; the significance for economic development of capital accumulation, technology, natural resources and population. Allocation of investment resources; the role of economic institutions; public policies to stimulate economic development.

Prerequisite: Economics 201, 202. 3 lectures.

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ECON 460 Econometrics

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.

Prerequisite: Economics 201, 202, 300 or equivalent. 3 lectures.

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ECON 470 Mathematical Economics

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. Prerequisite: Economics 201, 202. 3 lectures.

475*.478. Special Subjects. A series of half courses to be offered at different times as announced by the department.

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ECON 480 Comparative Economic Systems

An analytical comparison of resourceallocation methods, growth and development under socialist and capitalist systems.

Prerequisite: Economics 201, 202, or permission of Instructor. 3 lectures.

491*-499. Special Studies. Research and reading courses under the direction of individual instructors. Admission by consent of instructor.

Graduate Studies

The Department of Economics is planning to introduce in the fall of 1967 a graduate programme leading to the degree of Master of Arts in Economics. Information regarding this programme is obtainable from the Department.

Department of Electrical Engineering

A. R. M. Noton, B.Sc. (Sheffield), B.Sc. (London), Ph.D. (Cambridge) Professor and Chairman of the Department

R. G. Anthes, B.A.Sc., M.A.Sc. (Toronto) Professor and Associate Chairman of the Department

E. L. Heasell, B.Sc., Ph.D. (Imperial College, London) - Professor H. C. Ratz, B.A.Sc. (Toronto), S.M. (Massachusetts Institute

of Technology), Ph.D. (Saskatchewan) - - - Professor K. D. Srivastava, B.Sc. (Roorkee), Ph.D. (Glasgow) - - Professor L. A. K. Watt, B.Sc. (Manitoba), M.S. (Chicago).

Ph.D. (Minnesota) - - - - - - Professor L. Y. Wei, B.S. (National Northwestern College, China).

M.S., Ph.D. (Illinois) — - - - - - - Professor

J. B. Ellis, B.A.Sc. (Toronto), D.I.C., M.Sc. (Imperial College, London), Ph.D. (Michigan State) Associate Professor (Electrical Engineering and Management Sciences)

J. S. Keeler, B.A.Sc., M.A.Sc. (Toronto) - - Associate Professor R. H. MacPhie, B.A.Sc. (Toronto), M.S., Ph.D. (Illinois) Associate Professor R. S. Ramshaw, B.Sc., Ph.D. (Nottingham) - - Associate Professor

P. H. O’N. Roe, B.A.Sc. (Toronto), M.Sc., Ph.D. (Waterloo) Associate Professor (Electrical Engineering and Design)

D. J. Roulston ,B.Sc. (Belfast).

D.LC., Ph.D. (Imperial College, London) - Associate Professor S. C. Choo, B.Sc., Ph.D. (Imperial College, London) - = Assistant Professor Y. L. Chow, B.Eng. (McGill), M.A.Sc., Ph.D. (Toronto) Assistant Professor G. J. Dufault, B.A. (Ottawa), B.Ss. (Carleton) - Assistant Professor J. A. A. Field, B.E. (Saskatchewan), M.A.Sc., Ph.D.

(Toronto) - - - - - Assistant Professor J. Hanson, B.A.Sc. (Toronto).

D.LC., M.Sc. (Imperial College, London) - Assistant Professor W.N. Meikle, B.A.Sc., M.A.Sc. (Toronto) - Assistant Professor N. Thedchanamoorthy, B.Sc. (Ceylon).

Ph.D. (Cambridge) - - - - - Assistant Professor

R. G. van Heeswijk, Dipl. Ing. (Delft, Holland) L. Zafiriu, B.Sc. (American College, Istanbul).

Assistant Professor

M.Sc. (Syracuse) - - - - - Assistant Professor P. A. Vuorinen, B.A.Sc. (Toronto), Ph.D. (London) - — Assistant Professor W. J. Vetter, B.A.Sc. (Toronto), M.A.Sc., Ph.D. (Waterloo) Assistant Professor W. C. Miller, B.S. (Michigan), M.A.Sc. (Waterloo) - - Lecturer

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