47 courses in the 1971–72 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
245
Department of Economics
S. Weintraub, Ph.D. (New York)
J.H. Hotson, B.A. (Colorado College), M.A., Ph.D. (Pennsylvania) V.C. Walsh, B.A, MA, Ph.D. (Trinity College) J. Robinson, Ph.D. (Cambridge) L.P. Fletcher, B. Comm. (Mount Allison), A.M., Ph.D. (Brown) S.K. Ghosh, B.S, M.S. (Calcutta), M.A., Ph.D. (Wisconsin) H. Habibagahi, B.Sc, M.Sc., Ph.D. (Purdue) D.W. Katzner, B.A. (Oberlin), Ph.D. (Minnesota) G. Lermer, B.Sc. (M.I.T.), M.A., Ph.D.(McGill) 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.4., M.A. (Queen’s) S.G. Clarke, B.4., MA. (Queen's) S.W. Kardasz, B.A. (Loyola) R. R. Kerton, B.Comm. (Toronto), M.A. (Carleton), Ph.D. (Duke)
F. Mueller, 4. (Berlin) J.L. Pratschke, B.Comm., M.Econ.Sc., Ph.D. (N.U. Ireland). W.M. Lawson, B.Sc. (McGill), M.B.A. (Western) J.D. Cianci, B.Ap.Se., (University of New Brunswick)
K.D. Mackenzie, 4.B., Ph.D., (University of California at Berkeley), Department of Management Sciences D.W. Conrath, B.A., M.S., (Stanford), M.A., Ph.D. (University of California at Berkeley), Department of Management Sciences
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*, or 203*, 204* and 205*, 206*.
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 svstem and government
Department of Economics
economic problems. 3 lectures.
Theory of consumer demand; production theory; resource pricing and allocation under perfect and imperfect competition. Prerequisite: Economics 100. 3 lectures.
Economic method; dynamic micro theory; distribution theory, general equilibrium; welfare economics. 201. 3 lectures, Ex Prer site: g
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. Economics 203* and 204* are similar to economics 201* and 202* but make greater use of mathematical techniques. Prerequisite: Economics 101, Mathematics 129, 130. .
Theory of price formation; the transition to dynamics. Some aspects of welfare economics. Prerequisite: Economics 203.
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.
Theories of business fluctuations; models of growth and technological change. Economics 205* and 206* are similar to economics 231* and 232* but make greater use of mathematical techniques. Prerequisite: Economics 205.
National income measurement, and the theory of money, income and employment. Prerequisite: Economics 101, 102.
Further exploration of the topics developed in Economics 231* within a Canadian setting. Prerequisite: Economics 231.
The economic development of Canada to 1914. Prerequisite: Economics 101, 102. Lectures and seminars.
Canadian economic development since 1914; regional and national economic problems and policies. Prerequisite: Economics 241. Lectures and seminars.
Recording transactions; preparation and analysis of financial statements; accounting for inventories, fixed assets, liabilities, and shareholders’ equity. Prerequisite: Economics 101%, 102* 2 lectures, 2 hours laboratory.
Systems of Cost Accounting, analysis of cost variances; budgeting, break-even analysis, the problem of changing price levels. Prerequisite: Economics 256. .. a [2 2 eee
61* European Economic History
62* European Economic History
Department of Economics
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.
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, elementary decision theory. 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 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 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. n 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.
Department of Economics
Prerequisite: 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. (Not offered in 1971-72).
The general problem of financing business activities; the financial organization and control of corporations, liquidations and re-organizations; the operation of capital markets. Prerequisite: Economics 256.
Theories of the labour movement; collective bargaining—institutions and models; wages and employment theory; economic demography; investment in man. Prerequisite: Economics 201, 202, or 203, 204.
One or more half courses will be offered at different times as announced by the department. Prerequisite: Consent of instructor.
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, or 203, 204, 3 lectures.
Study of changes in the levels of national output; theories of the business cycle; proposals for controlling economic fluctuations. Prerequisite: Economics 231, 232 or 205, 206.
An advanced treatment of selected topics in economics. Prerequisite: Economics 201, 202, 231, 232, or 203, 204, 205, 206.
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. Prerequisite: Economics 201, 202 or equivalent. 3 lectures.
A survey of the historical development of economic theory. Prerequisite: Economics 201, 202, 231, 232, or equivalent.
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 parameters of economic models and tests thereof. Both aggregative and micro-economic models will be considered. Students will be assumed to have an adequate knowledge of elementary calculus and algebra but other mathematical techniques will be developed as they become necessary. Prerequisite: Economics 201*/202*, 231*/232* 300, or equivalent.
Department of Economics
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 1971-72.)
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, or equivalent. 3 lectures.
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, 231 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.
Required Courses
Consumer behaviour and demand, product demand, production and costs, the firm in diverse market contexts, multiple product firms and multiple period analysis, and the theory of income distribution.
Income and employment determination; some basic monetary theory; growth models in open and closed economies. Stabilization and growth policies.
A survey from early writers through classical, neo-classical and contemporary schools. Students will be required to read the original texts.
A concrete study of Canadian development. Regional and national development, their history and related policies will be examined.
A remedial course for students lacking adequate background in mathematical and statistical methods. Others may be exempted. Fall term. (No credit)
Department of Economics
As 604*, winter term (No credit)
Testing of micro and macro theories involving consumption and production functions, input-output and forecasting models. Quantitative research methods will be stressed.
Elective Courses '
A general equilibrium approach to money, interest and asset structures, prices, and activity. Problems and policies of central banking, with special reference to Canadian experience.
Topics to be announced. Intended as a forum for guest lecturers, and an opportunity for tutorial papers by students.
Probability and statistical distribution theory, hypothesis testing, estimation in regression models; demand, production, and cost functions, input-output relations, international trade elasticities, etc.
Some mathematical formulations of economic and decision theory. Department of Management Sciences. Registration with approval of instructor.
Labour market structure and operation. Theories of real wages, population, employment-unemployment, unions, inflation, Phillips curve. Policy aspects for perfect and imperfect markets; operational definitions and measurement problems.
International trade theory, commercial policy, and trade for economic development; balance of payments, international capital movements, and foreign exchange, international financial systems. Canadian problems and policy issues.
The theory of public expenditure and taxation; criteria for public investment, and cost-benefit analysis. Fiscal policy for stabilization and growth. Canadian experiences and problems.
Selected from course offerings in the Department of Management Sciences. Registration approval required from instructor.
A selection of important empirical issues will be posed to enlist student’s interests for research and critical review. (Course content contingent on student enrolment, interest and available staff.)
A world view of advanced and lesser developed countries. An examination of differing economic systems, major policies, and measurable results.
Courses listed in other graduate departments such as Mathematics, Philosophy, Political Science, Psychology, etc., may be selected with the approval of the Graduate Officer. Ordinarily no more than 1 unit may be offered from other fields in fulfiliment of the M.A. degree.