Economics (ECON)
41 courses in the 1972–73 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 1972–73
R.A. Mundell, B.A. (University of British Columbia), Ph.D. (M.I.T.) R. R. Kerton, B. Comm. (Toronto), M.A. (Carleton), Ph.D. (Duke)
W.R. Needham, B. Comm. (Carleton), M.A., Ph.D. (Queen’s)
S. N. Afriat, 44.4. (Cambridge), D.Phil. (Oxford) J. H. Hotson, B.A. (Colorado College), M.A., Ph.D. (Pennsylvania) D. W. Katzner, B.A. (Oberlin), Ph.D. (Minnesota) V. C. Walsh, B.A., M.A., Ph.D. (Trinity College)
I. F. Pearce, B.A. (Bristol), Ph.D. (Nott.)
R. G. Blackhurst, B.S. (California), Ph.D. (Chicago)
Faculty listed in 1972–73
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)
N. E. Lavigne, C.R., B.A. (Western), M. Comm. (Ottawa), M.B.A. (Detroit)
G. Lermer, B.Sc, (M.LT.), M.A., Ph.D. (McGill)
K. M. H. Bennett, B.A., M.A. (Queens)
S. G. Clarke, B.A., M.A., Ph.D. (Queen’s)
S. W. Kardasz, B.A. (Loyola)
F. Mueller, Dipl Vw (Berlin), Dr. rer. oec. (Bochum)
A. Olsen, B. Comm. (Sir George Williams), M.B.A. (University of Western Ontario)
Faculty listed in 1972–73
H. N. Gram, B.A. (University British Columbia) E. C. Gram, B.A. (Bryn Mawr College), M.A. (Wisconsin) J. D. Cianci, B.Ap.Se. (University of New Brunswick)
G. Berman, Ph.D. (Toronto), Chairman, Department of Combinatorics and Optimization D. A. Sprott, Ph.D. (Toronto), Chairman, Department of Statistics
D. W. Conrath, B.A., M.S. (Stanford), M.A., Ph.D. (University of California at Berkeley), Department of Management Sciences
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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
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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.
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.
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.
ECON 202 Intermediate Price Theory 2
Economic method; dynamic micro theory; distribution theory, general equilibrium, welfare economics. Prerequisite: Economics 201. 3 lectures.
ECON 203 General Equilibrium Theory 1M
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.
ECON 204 General Equilibrium Theory 2M
Theory of price formation; the transition to dynamics. Some aspects of welfare economics. Prerequisite: Economics 203.
ECON 205 Aggregate Economic Theory 1M
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.
ECON 206 Aggregate Economic Theory 2M
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.
ECON 231 National Income Determination
National income measurement, and the theory of money, income and employment. Prerequisite: Economics 101, 102.
ECON 232 Employment and Public Policy
Further exploration of the topics developed in Economics 231* within a Canadian setting. Prerequisite: Economics 231.
ECON 235 Canadian Money and Banking
This course studies the development of the Canadian financial system; the legislation governing financial intermediaries; the microeconomics of the financial sector; the practice and theory of the role of the financial sector vis-a-vis stabilization policy in closed and open economies. Prerequisite: Economics 101, 102. 3 lectures.
1* Economic History of Canada
2* Economic History of Canada
Department of Economics
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.
ECON 256 Introduction to Financial Accounting 1
Recording transactions; measuring income; preparation and analysis of financial statements; accounting for assets, liabilities, and equity. 2 lectures, 2 hours laboratory.
ECON 257 Introduction to Financial Accounting 2 51* European Economic History §2* European Economic History
Analysis of accounting principles; preparation of source and use of working capital; cash flow analysis; basic concepts associated with manufacturing and responsibility accounting and budgeting. 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, 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.
ECON 300 Statistical Methods
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.
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—A pplications to Business problems.
ECON 304 Economic Statistics
Theory and estimation of Linear Models—Simple models of analysises of variance and covariance—Methods of Multivariate analysis in Business and Economics—Testing of hypotheses in Linear Models.
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.
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.
ECON 338 Department of Economics
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.
ECON 348 Environmental Economics
Environmental problems and economic development. Micro- and macroeconomic concepts of welfare. Economic growth and environmental quality. Environmental policy in Canada, U.S. and other selected countries. Prerequisite: Economics 101, 102. Also listed as Man Environment 320. 3 hours.
ECON 356 Intermediate Financial 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, captial determination and presentation, and accounting for internal management. Prerequisite: Economics 256, 257.
ECON 357 Intermediate Financial Accounting 2
Further development of techniques learned in part 1. Prerequisite: Economics 356
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 1972-73).
ECON 366 Corporate Finance
The general problem of financing business activites; the financial organization and control of corporations, liquidations and re-organization; the operation of capital markets. Prerequisite: Economics 256.
ECON 368 Wage and Manpower Economics
Wage theory; training and mobility theory; economics of information in Canadian labour markets; active manpower policies. Prerequisite: Economics 201*, 202* or equivalent 3 Lectures, fall term.
ECON 369 Population Economics
Demographic techniques; economic interrelationships with fertility, mortality, morbidity; theory of an optimum population. Prerequisite: Economics 201, 202, or permission of instructor. 3 lectures, winter term
ECON 371 Special Subjects
One or more half courses will be offered at different times as announced by the department. Prerequisite: Consent of instructor.
ECON 380 Industrial Organization and Public Policy
An analysis of the characteristics of industrial structure, behaviour and performance with special reference to Canada. Competition policy in Canada, the United States, and other selected countries. Prerequisite: Economics 201, 202, or 203, 204. 3 lectures.
ECON 385 Business Cycles
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.
Department of Economics
ECON 400 Advanced Economic Theory
An advanced treatment of selected topics in economics. Prerequisite: Economics 231, 232 or 205, 206.
ECON 421 Welfare Economics 0 History of Economic Thought
Concept of efficiency; Pareto, Scitovsky, Hicks, and Little criteria for increase in welfare; application of welfare 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.
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.
ECON 460 Econometrics
Theory of estimation of parameter of economic models and tests thereof. Both aggregative and micro-economic models will be considered. Students will be assumed to have and adequate knowledge of elementary calculus and algebra but other mathematical techniques will be developed as they become necessary. A special section of this course is available for Mathematics students. Prerequisite: Economics 201*/202*, 231*/232* 300, or equivalent.
ECON 465 Security Analysis and Investment Policy
This course is designed to develop 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 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 1972-73.)
ECON 470 Mathematical Economics
Mathematical formulation of economic theory; solutions to systems of simultaneous difference and differential equations; introduction to dynamic models; analysis of stability conditions; introduction to linear and non-linear programming, input-output analysis, game theory. A special section of this course is available for Mathematics students. Prerequisite: Economics 201, 202, 231, or equivalent. 3 lectures.
ECON 475–478 Special Subjects
A series of half courses to be offered at different times as announced by the department.
ECON 480 Comparative Economic Systems
An analytical comparison of resource-allocation methods, growth and development under socialist and capitalist systems. Prerequisite: Economics 202, 202, 231 or permission of instructor. 3 lectures.
ECON 491 Special Studies
Research and reading courses under the direction of individual instructors. Admission by consent of instructor.
ECON 340 Department of Electrical Engineering
Department of Electrical Engineering
Professor and Chairman K. D. Srivastava, B.Sc. B.E. (Hons.) (Roorkee), Ph.D. (Glasgow) Professor and Associate Chairman D.J. Roulston, B.Sc. (Belfast), Ph.D. (Imperial College, London) (Graduate Studies) Associate Professor and Associate R.G. van Heeswijk, Dipl Ing. (Delft, Holland) Chairman (Undergraduate Studies) Professor and Dean of Graduate L.A.K. Watt, B.Sc. (Manitoba), M.S. (Chicago), Ph.D. (Minnesota) Studies
Professors J.H. Anderson, B.Sc. (Leeds), M.Sc., Ph.D. (Manchester) R.G. Anthes, B.A.Sc., M.A.Sc. (Toronto) P.R. Bryant, M.Sc. (London), M.A., Ph.D. (Cambridge) E.L. Heasell, B.Sc., Ph.D. (Imperial College, London) S.N. Kalra, B.Sc. (Punjab), M.S., Ph.D. (Illinois) H.C. Ratz, B.A.Sc. (Toronto), S.M. (M.I.T.), Ph.D. (Saskatchewan) J. Reeve, B.Sc., M.Sc., Ph.D. (Manchester) J. Vlach, Dipl. Ing., CSc. (Technical Univ. of Prague) L.Y. Wei, B.S. (National Northwestern College, China), M.Sc., Ph.D. (Illinois)
Associate Professors N.J. Bergman, B. Eng. (McGill), M.Sc., Ph.D. (State University at Buffalo) LF. Blake, B.Sc., M.Sc. (Queens), M.A., Ph.D. (Princeton) S.G. Chamberlain, A4.Sc., Ph.D. (Southampton) Y.L. Chow, B.Eng. (McGill), M.A.Sc., Ph.D. (Toronto) J.D. Cross, B.Sc. (Cardiff), M.Sc., Ph.D. (Carleton) G. J. Dufault, B.A. (Ottawa), B.Sc. (Carleton) J.A. Field, BE. (Saskatchewan), M.A.Sc., Ph.D. (Toronto) J.V. Hanson, B.A.Sc. (Toronto), M.Sc., Ph.D. Imperial College, London) J.S. Keeler, B.4.Sc., M.A.Sc. (Toronto) W.D. Little, B.A.Se., M_A.Se., Ph.D. (U.B.C.) J.W. Mark, B.Sc. (Toronto), M.Sc., Ph.D. (McMaster) W.N. Meikle, B.A.Sc., M.A.Sc. (Toronto) R.S. Ramshaw, B.Sc., Ph.D. (Nottingham) T.R. Viswanathan, B.Sc. (India), DI.L.Sc. (LL.Se.), M.Se., Ph.D. (Saskatchewan)
Assistant Professors J.D. Aplevich, B.E. (Saskatchewan), Ph.D. (Imperial College, London) T. Kameda, B.S, M.S. (Tokyo), Ph.D. (Princeton) J.C. Majithia, B.Sc., (London), M.Eng., Ph.D. (McMaster) P.A. Vuorinen, B.A.Sc. (Toronto), Ph.D. (London)
Research Assistant Professor 1.N. Hajj, B.E. (Beirut), M.S. (U. of New Mexico), Ph.D. (Berkeley)
Visiting Associate Professors R.E. Crosbie, B.Eng., Ph.D. (Liverpool), (September 1, 1972 - August 31, 1973) R.I. Donocik, C.Sc., Dr.Sc. (Technical University of Prague), (August 1, 1972 — December 31, 1972) A. Pugh, B.Sc. (Wales), Ph.D. (Nottingham) (January 1, 1972 - December 31, 1972)
Laboratory Director R.L. Wright, P. Eng.
10 Introduction to Electrical Engineering
14 Electromagnetics
32 Electronic Instruments
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