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Economics (ECON)

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.

Notes

Department of Economics

S. Weintraub, Ph.D. (New York)

Faculty listed in 1970–71

J.H. Hotson, B.A. (Colorado College), M.A. Ph.D. (Pennsylvania) F. Seton, M.A., D.Phil. (Oxford) A.M., Ph.D. (Brown) LP. Fletcher, B.Comm. (Mount Allison), S.K. Ghosh, B.Sc., M.Sc. (Calcutta), M.S., Ph.D. (Wisconsin) M.Sc. Ph.D. (Purdue) H. Habibagahi, B.Sc., D.W. Katzner, B.A. (Oberlin), Ph.D. (Minnesota) N.E. Lavigne, C.R., B.A. (Western), M.Comm. (Ottawa) M.B.A. (Detroit) W.R. Needham, B.Comm. (Carleton), M.A., Ph.D. (Queen's)

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.

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ECON 101 Introduction to 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 composition and pricing of national output, pricing of productive factors and income distribution. 3 lectures.

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ECON 102 Introduction 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. 3 lectures.

Department of Economics

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ECON 201 Intermediate Price Theory 1

Theory of consumer demand; production theory; resource pricing and allocation under perfect and imperfect competition. Prerequisite: Economics 101.3 lectures.

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ECON 202 Intermediate Price Theory 2

Economic method; dynamic micro theory; distribution theory, general equilibrium; welfare economics. Prerequisite: Economics 201. 3 lectures.

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ECON 203 General Equilibrium Theory 1

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.

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ECON 204 General Equilibrium Theory 1

Theory of price formation; the transition to dynamics. Some aspects of welfare economics. Prerequisite: Economics 203.

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ECON 205 General Equilibrium Theory 2

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.

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ECON 206 General Equilibrium Theory 2

Theories of business fluctuations; models of growth and technological change. Prerequisite: Economics 205.

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ECON 231 National Income Determination

National income measurement, and the theory of money, income and employment. Prerequisite: Economics 101, 102.

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ECON 232 Employment and Public Policy

Further exploration of the topics developed in Economics 231* within a Canadian setting. Prerequisite: Economics 231.

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ECON 241 Economic History of Canada

The economic development of Canada to 1914. Prerequisite: Economics 101, 102, Lectures and seminars.

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ECON 242 Economic History of Canada

Canadian economic development since 1914; regional and national economic problems and policies. Prerequisite: Economics 241. Lectures and seminars.

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ECON 256 Introduction to Accounting 1

Recording transactions; preparation and analysis of financial statements; accounting for inventories, fixed assets, liabilities, and shareholders’ equity. 2 lectures, 2 hours laboratory.

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ECON 257 Introduction to Accounting 2

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.

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ECON 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. 2 lectures, 1 hour discussion.

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ECON 242 Department of Economics

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ECON 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. 2 lectures, 1 hour discussion.

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ECON 300 Statistical Methods

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.

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ECON 303 Economic Statistics

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.

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ECON 304 Economic Statistics

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.

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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 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.

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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 356 Intermediate Accounting 1

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.

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ECON 357 Intermediate Accounting 2

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.

Department of Economics

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ECON 358 Cost Accounting

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.)

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ECON 366 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; theories of the labour movement; collective bargaining—institutions and models; wages and employment theory; economic demography; investment in man. Prerequisite: Economics 201, 202.

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ECON 371 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 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.

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ECON 385 Business 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.

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ECON 421 Welfare Economics

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.

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ECON 440 History of Economic Thought

A survey of the historical development of economic theory. Prerequisite: Economics 201, 202, 231, 232.

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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, 231, 232 or equivalent, 3 lectures.

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ECON 460 Econometrics

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.

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ECON 244 Department of Economics

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ECON 465 Security Analysis and Investment Policy

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.)

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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 non-linear programming, input-output analysis, and game theory. Prerequisite: Economics 201, 202, 231, 232. 3 lectures.

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ECON 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 resource-allocation methods, growth and development under socialist and capitalist systems. Prerequisite: Economics 201, 202, 231, 232, or permission of Instructor. 3 lectures.

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ECON 491 Special Studies

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

Associate Professor Associate Professor Associate Professor Associate Professor Associate Professor Associate Professor Associate Professor Associate Professor Associate Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor Assistant Professor

10 Introduction to Electrical

Engineering

12 Electrical Circuits

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