46 courses in the 1969–70 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 1969–70
Professor J.S. Minas, B.A. (Wayne) Ph.D. (Illinois) Acting Chairman of rhe Department. Dean of Faculty of Arts Professor A. Qayum, B.A.. M.A., Ph.D. (Aligarh), D.Sc. (Netherlands Sch. Econ.} Professor S.S. Sengupta, M.A.. D.Phil. (Calcutta) Professorial Associate K.D. MacKenzie, A. B., Ph.D. (University of California at Berkeley) Associate Professor J N.E. Lavigne, C.R., B.A. (Western), M.Comm. (Ottawa). M.B.A. (Detroit/ Assistant 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 S.W. Kardasz, B.A. (Loyola) Assistant Professor R.R. Kerton, B.Comm. (Toronto), M.A. (Carleton), Ph.D. (Duke) Assistant Professor, Deputy Chairman W.R. Needham, B.Comm. (Carleton). M.A., Ph.D. (Queen’s) Lecturer F.J. Carmone, Jr., B.S.. M.B.A. (Pennsylvania) I 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
Economics 101, 102 comprise the regular sequence of courses in intro-
ductory economics for students majoring in this field, and for other students who plan to do additional work in economics. Students proceed-
ing to a General Arts degree with a major in Economics are required to take as part of their programme Economics 201, 202 and 230.
ECON 101Introdaction to Economics The first half of the course includes the discussion of the central prob-
lems of every economic society, the functioning of a mixed capitalistic enterprise system. the economic role of government, the composition and pricing of national output, pricing of productive factors and income distribution.
3 lectures.
102* | ntroduction to Economics Subjects to be discussed in this half of the course include the determination of national income, the banking system and government fiscal and monetary policy, international trade and finance, and current economic problems.
ECON 110Mathematical Foundations Abstract structures: their analysis and representation). Elementary
of Economies 1 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.
Theory of consumer demand; production theory; resource pricing and allocation under perfect and imperfect competition. 3 lectures. Prerequisite: Economics 101*.
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 101.
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*.
Frequency and Measure notions of probability; Constructive theory of measures; probability as an integral; The calculus of probabilities; probabilities of compound events; Limit Theorems; Various models of probability; Conditional probability; Elementary notions and calculus of Markov Chains.
Subjective probability; the axioms and calculus of subjective probability; utilities and expectations; the applications in business decisions under uncertainty and in Statistical decisions.
study of the Canadian Banking system; major emphasis is placed upon the social accounts and the theory of money, income, employment and public policy. Prerequisite: Economics 101*/102*.
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. Prerequisite: Economics 101*/102*. 2 lectures. I hour discussion.
Systems of Cost Accounting, analysis of cost variances, budgeting, break-even analysis, the problem of changing price levels. Prerequisite: Economics 256.
Description of Technology: Engineering processes; Production functions: Description and analyses of technological change; Formulation of optimal production and decisions; quantity and/or price decisions; Scheduling of production over time and over facilities; Optimal inventory system; Price output-inventory interactions at the micro and macro-economic levels; Statistical techniques of inventory management.
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. 2 lectures. I 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 and Germany. 2 lectures, 1 hour discussion.
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.
Estimation procedures: likelihood methods-Sampling distrimaximum butions of estimates-Point and interval estimation-Properties of estimators-The nature of Statistical Decision problems or testing of hypotheses-Applications to Business problems.
Theory and estimation of linear Models-Simple models of analyses of variance and covariance-Methods of Multivariate analysis in Business and Economics-Testing of hypotheses in Linear Models.
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 eceonomy, taxation, debt management, and the role of fiscal policy in economic stabilization. Prerequisite: Economics 201, 202. 3 lectures.
Linear programming and its variants-business applications-Dynamic formulations-Business applications-Computer methods programming for optimization and search-Monte Carlo methods. Prerequisite: Economics 201, 202. 227. 228.
The pure theory of international trade; blance-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.
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. Prerequisite: Economics 256,257
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. Prerequisire: Economics 356.
Conventional methods of accumulating, summarizing, and interpreting costs. Job order and process costing. Budgetary control with standard costs. Cost and profit analyses for decision-making purposes. Prerequisite: Economics 257.
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.
History of trade unionism; theories of the labour movement; collective bargaining-institutions and models; wage and employment theory; economic demography; investment in man. Prerequisite: Economics 201*, 202*.
Descriptive study of marketing organization for principal products and industries-Price-output structures-Marketing variables and types of competition-Models of advertising and selling efforts—Models of pricing-Interactions between pricing and product diierentiation-Planning changes in the product: strategies of product introduction and improvement-Techniques of controlled experimentation.
ECON 380Industrial Organizations and Public Policy
An analysis of the characteristics of industrial structure, behaviour and performance with special reference to Canada. Antitrust policy in Canada, the United States and other selected countries. Prerequisite: Economics 20!/*/202*. 3 lectures.
Study of changes in the levels of national output; theories of the business cycle; proposals for controlling economic fluctuations. Prerequisire: Economics 230.
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. Prerequisite: Economics 201 , 202. 230, or equivalent. 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. Prerequisite: Economics 201 , 202, 230. 300 or equivalent. 3 lectures.
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. Prerequisite: Economics 366. 367. 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 non-linear programming, input-output analysis, and game theory. Prerequisite: Economics 201, 202. 230. 3 lectures.
An analytical comparison of resource-allocation methods, growth and development under socialist and capitalist systems. Prerequisite: Economics 201, 202. 230 or permission of Instructor. 3 lectures.