25 courses in the 1968–69 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Notes
Department of Economics
Faculty listed in 1968–69
J.S. Minas, B.A. (Wayne) Ph.D. (Illinois) Professor Acting Chairman of the Department, Dean of Faculty of Arts
S.S. Sengupta, M.A., D.Phil. (Calcutta) Visiting Professor P.B. Healey, B.A. (Western) M.B.A. (Detroit), M.A. (Michigan) Associate Professor Ph.D. (Michigan State) Deputy Chairman
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 S.W. Kardasz, B.A. (Loyola) Assistant Professor R.R. Kerton, B.Comm. (Toronto), M.A. (Carleton), Assistant Professor
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
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.
The first half of the course includes 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.
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.
(Abstract structures: their analysis and representation). Elementary structures based on sentences; operations and the algebras induced by them; structure of partially ordered sets and their algebra. Essentials of Boolean algebras and applications of Boolean polynomials.
3 lectures.
111.* Mathematical Foundations of Economics I. Compositions, Decomposition and Counting; partitions of a given set; generating functions; problems of assigning objects to places; partitions and compositions.
Theory of consumer demand; production theory; equilibrium of the firm; market structures; the pricing of productive factors. Prerequisite: Economics 102. 3 lectures. {Half course).
Theory of individual and group demand for one and several commodities, theory of individual] and group production and supply under various types of market structure.
Prerequisite: Economics 102*.
Department of Economics
204.* General Equilibrium Theory I. Theory of price formation; the transition to dynamics. Some aspects of welfare economics. Prerequisite: Economics 203.
205.* General Equilibrium Theory II. Theory of capital and investment; Theories of general equilibrium of employment, output, price and money; processes of adjustments to changes in parameters and relationships.
Prerequisite: Economics 102*.
206.* General Equilibrium Theory H. Theories of business fluctuations, models of growth and technological change. Prerequisite: Economics 205
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, | hour discussion. Given in alternate years.
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. Fall term).
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).
261.* European Economic History. Selected topics in European 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).
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
Frequency distributions; measures of central tendency, dispersion, skewness and kurtosis; probability theory; tests of hypotheses, sampling tech-
niques; time series analysis; aggregation and index numbers; the estimation and testing of economic relationships using regression and correlation techniques. Prerequisite: Economics 102. 3 lectures.
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.
The place of public expenditures and revenue in the national economy, taxation, debt management, and the role of fiscal policy in economic stabilization.
The pure theory of international trade; balanceof-payments statistics; meaning and measurement of payments imbalances; exchangerate systems; commercial policy; international investment and foreign aid; problems and suggested modifications of the international monetary system.
Prerequisite: Economics 201, 202. 3 lectures.
356.* Intermediate Accounting. The objective of this course is to provide an in depth analysis of accounting procedures and the rationale behind these procedures. A study is made of the reporting process, matching of costs and revenues, money value items, capital determination and presentation, and accounting for internal management.
ECON 357Intermediate Accounting The objective of this course is to provide an in depth
analysis of accounting procedures and the rationale behind these procedures. A study is made of the reporting process, matching of costs and revenues, money value items, capital determination and presentation, and accounting for internal management.
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.
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.
ECON 380Industrial Organizations and Public Policy
The problems of monopoly 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.
Study of changes in the levels of national output; theories of the business cycle; proposals for controlling economic fluctuations. Prerequisite: Economics 202.
An advanced treatment of selected topics in economics.
Prerequisite: Economics 201, 202.
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 industry, and public utilities.
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.
Theory of estimation of structural parameters in simultaneousequation 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
465.* Security Analysis and Investment Policy. This course is designed to relate corporate financing priorities and an individuals investment policy. The first part of the course includes a study of analytical techniques for the appraisal of corporate and government securities, security price movements, indentures, sources and interpretation of information and the technical character of security markets. The second part of the course studies the management of portfolios of individuals and institutional investors, the relation of investment policy to individual acquirement, and national securities policy.
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.
An analytical comparison of resource-allocation 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 indi-
vidual instructors. Admission by consent of instructor.
Graduate Studies. The Department of Economics is planning to introduce a graduate programme lead-
ing to the degree of Master of Arts in Economics. Information regarding this programme is obtainable from the Department.