41 courses in the 1970–71 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
K.M.H. Bennett, B.A., M.A. (Queen’s) S.G. Clarke, B.A., M.A. (Queen’s) S.W. Kardasz, B.A. (Loyola) R.R. Kerton, B.Comm. (Toronto), M.A. (Carleton), Ph.D. (Duke) M. Siguenza, Lic.Econ. (Universidad de Deusta), Ph.D. (Colorado) F.J. Carmone Jr. B.S., M.B.A. (Pennsylvania) D. Cianci, B.Ap.Sc. (New Brunswick) W.M. Lawson, B.Sc. (McGill), M.B.A. (Western),M.A.Sc. (Waterloo)
K.D. Mackenzie, A.B., Ph.D., (University of California at Management Sciences Berkeley), Department of D.W. Conrath, B.A., M.S., (Stanford), M.A., Ph.D. (University Management Sciences of California at Berkeley), Department of
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 description 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 introductory economics for students majoring in this field, and for other students who plan to do additional work in economics. Students proceeding to a General Arts degree with a major in Economics are required to take as part of their programme Economics 201, 202 and 231, 232.
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 composition and pricing of national output, pricing of productive factors and income distribution. 3 lectures.
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. 3 lectures.
Theory of consumer demand; production theory; resource pricing and allocation under perfect and imperfect competition. Prerequisite: Economics 101.3 lectures.
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.
Systems of Cost Accounting, analysis of cost variances, budgeting, break-even analysis, the problem of changing price levels. Prerequisite: Economics 256. 2 lectures, 2 hours laboratory.
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, 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 and Germany. 2 lectures, 1 hour discussion.
A brief introduction to FORTRAN IV; 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 101, 102. 3 lectures.
Estimation procedures; maximum likelihood methods—sampling distribution 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 anaylsis 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 economic rationale of governmental activity; budget systems and the elements of cost benefit analysis; the structure and economic effects of government revenues and expenditures; the role of fiscal policy in economic stabilization and growth. Prerequisite: Economics 201, 202.
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.
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: Ecoomics 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. Prerequisite: Ecoomics 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. (Not offered in 1970-71.)
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; wages and employment theory; economic demography; investment in man. Prerequisite: Economics 201, 202.
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 201, 202. 3 lectures.
ECON 385Business Cycles 00 Advanced Economic Theory
Study of changes in the levels of national output; theories of the business cycle; proposals for controlling economic fluctuations, Prerequisite: Economics 231, 232.
An advanced treatment of selected topics in economics, Prerequisite: Economics 201, 202, 231, 232.
Concept of efficiency; Pareto, Scitovsky, Hicks, and Little criteria for increase in welfare; applicaton of welfare economics to government expenditures and taxation, international economics, location of industry, and public utilities. Prerequisite: Economics 201, 202, 3 lectures.
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, 231, 232 or equivalent, 3 lectures.
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, 231, 232 or equivalent. 3 lectures.
This course is designed to relate corporate financing priorities and an individual’s 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. (Not offered in 1970-71.)
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, 231, 232. 3 lectures.
An analytical comparison of resource-allocation methods, growth and development under socialist and capitalist systems. Prerequisite: Economics 201, 202, 231, 232, or permission of Instructor. 3 lectures.
Research and reading courses under the direction of individual instructors. Admission by consent of instructor.
Graduate Studies
Students interested in graduate studies in economics should contact the department for further information.
Professor and Chairman
Professor Professor Professor and Associate
Chairman, (Undergraduate)
Professor Professor and Associate Dean of Faculty Professor and Associate Chairman, (Graduate) Professor Professor Professor
Associate Professor Associate Professor
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