40 courses in the 1977–78 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Associate Professor, Chairman of the Department R.R. Kerton, BComm (Toronto), MA (Carleton), PhD (Duke)
Associate Professor, Associate Chairman A. Olsen, BComm (Sir George Williams), MBA (Western Ontario)
Associate Professor, Graduate Officer W.R. Needham, BComm (Carleton), MA, PhD (Queen's)
Associate Professor, Undergraduate Officer K.M.H. Bennett, BA, MA (Queen’s), PhD (McGill)
Professors J.H.Hotson, BA (Colorado College), MA, PhD (Penn) A. Koutsoyiannis, BA (Athens), PhD (Manchester)
Associate Professors
L. P. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
S.K. Ghosh, BS, MS (Calcutta), MA, PhD (Wisconsin)
H. M. Herauf, BComm (Sask.), CA (institute of CA of Sask), MBA (Mich), PhD (Mich)
N.E. Lavigne, CR, BA (Western), MComm (Ottawa), MBA (Detroit) J-
Assistant Professors ‘
A. Andrikopoulos, BA (Athens), MA (Wayne State), PhD (Southern California)
S. W. Kardasz, BA (Loyola), PhD (Queen's)
G. Russell, BComm, MBA (McMaster), RIA -
Lecturers 7
§. Shinohara, BA (Tokyo), MA (Chicago)
K. Stollery, BA (Southern California), MA (Queen's)
R. M. Blair, BEng, MBA (Queen's), CA (part-time)
R. Kilimnik, BA (Waterloo), MBA (McMaster) (part-time)
Adjunct Professors A.Headlam, FCA L. Seguin, BComm (McGill) CA
Course Descriptions Economics
Undergraduate Course Descriptions
Some Economics courses do not have a ‘term offered” indicated. This information will be available at pre-registration and students can confirm the ‘‘term offered” with their Departmental advisor.
The “normal” number of lectures per week in each course is three; however each instructor determines how often his particular class will meet.
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A study of the principles of economics that contribute to an understanding of modern economic problems. Emphasis is given to the evolution of economic-thinking from Ricardo and Marx to modern post-Keynesian Analysis as a base from which to analyse the operation of modern capitalist and socialist economics.
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An introduction to the central economic problems of society, the functioning of a mixed capitalistic enterprise
‘system, the economic role of government, the
composition of pricing of nationa! output, pricing of productive factors, and income distribution. Also offered at St. Jerome's College
Determination of national income; the banking system; government fiscal and monetary policy; international trade and finance; and current economic problems. Also offered at St. Jerome’s College.
Recording transactions; measuring income; preparation and analysis of financial statements; accounting for assets, liabilities, and owner equity.
Analysis of accounting principles; preparation of statements of sources and uses of working capital; cash flow analysis; basic concepts associated with manufacturing and responsibility accounting and budgeting.
Prereq: Econ191
Course Descriptions 277 Economics Department of Economics: Course Offerings ist Year 2nd Year 3rd Year 4th Year Subject Areas 101 Intro. Micro- 201 Microeconomic 301 Intermediate 401 Advanced Economic Economics Theory Microeconomics Economic Theory Theory 102 Intro. Macro- 202 Macroeconomic 302 Monetary Theory 402Economic Cycles. Economics Theory and Banking and Stabilisation 303 Economic Policy Thought 403 Econ. Analysis.
Forecasting, and Public Policy
211 Mathematics for
311 Intro. Math.
411 Mathematical
Quantitative
Economists Economics Economics Economics 221 Statistics for 321 Intro. 413 Economic Economists Econometrics Growth Theory 421 Econometrics 1 422 Econometrics 2 231 Intro. 331 International 431 Advanced International and International Trade Theory International Interregional Economics 332 International Economics Economics Monetary Theory 432International 333 Interregional Economic Policy Economics 335 Economic Development 341 Public Finance 441 Economics of the Public , 343 Urban Economics Public Sector 1 Economics
345 Industrial Organisation
347 Economics of Transportation and Communication
442 Economics of the Public Sector 2
241 Cost Benefit
351 Labour Economics
451 Advanced Topics
Economics of
Administrator 1 194 Economics and the Administrator 2
Accounting 2
393 Corporate Finance 1 394 Corporate Finance 2
and Project 353 Population in Resource Energy, Land and Evaluation Economics Economics Labour Resources 355 Energy & Natural Resources 357 Environmental Economics 263 Canadian - 361 North American 461 Comparative Economic History Economic History Economic History Economic and Contemporary 363 Contemporary Systems Problems Canadian Prob.s.1 364 Contemporary Canadian Prob.s.2 381-389 Special 481-489 Special Special Topiés and Topics Studies Studies - 191 Intro. Financial 291 Intermed. Fin. 391 Cost and 491 Advanced Accounting and Accounting 1 Accounting 1 Management Accounting 1 Administration 192 Intro. Financial 292 Intermed. Bin Accounting 1 492 Advanced Economics Accounting 2 Accounting 2 392 Cost and Accounting 2 193 Economics and the 293 Auditing ; Management 493 Taxation
Econ 193/194 FW 5/5
Economics and the Administrator 1, 2
The course is designed to present an opportunity to examine and discuss a broad range of situations where analysis and decision making are required. The course divides into five parts: financial function, personnel administration, production/services function, information and marketing function, and general administration in business, non-profit organizations, and the government sector.
Prereq: Econ 193 is a prereq. for Econ 194 and should be taken prior to P Sci 231
Theory of consumer demand; production theory; market structure; resource pricing and allocation under perfect and imperfect competition.
Prereq: Econ 101
Theory of the determination of the level of national income, employment and the price level.
Prereq: Econ 102
Econ211 FLW
Mathematics for Economists’
Application of elementary mathematics to problems in economic theory. Topics include the graphing of functions, elementary analytical geometry, derivation, exponential and logarithmic functions and differentlation—all developed within the context of economic theory.
Prereq: Econ 101, 102
Econ 221 a)
Statistics for Economists
An introduction to the underlying logic of statistical procedures most commonly employed by economists. No mathematical training beyond high school algebra is presumed. Emphasis is given to solving problems as a way of learning statistical theory.
Prereq: Econ 101, 102
Theory of comparative advantage and the gains from trade; tariff theory; concepts and measurement of balance of payments; exchange rate systems; reform of international monetary system. , Prereq: Econ 101, 102
Course Descriptions Economics
Methods for evaluating private and public projects; decision rules, efficiency conditions and methods of conducting cost-benefit analysis. Application of the technique.
Prereq: Econ 201 °
A study of the economic development of Canada; export staple theory, industrial structure and national policies analysed in a Classical-Marxian framework.
Prereq: Econ 101, 102
Includes a review of the foundations of accounting theory and the accounting process. This is followed by an in-depth treatment of the accounting problems associated with the asset side of the balance sheet. Included would be cash, temporary investments, accounts receivable, inventories, plant assets and intangibles.
Prereq: Econ 191, 192
The major subject matter of this course will be an in-depth treatment of the accounting problems associated with the-equity side of the balance sheet. This would include bonds payable, pensions and leases, accounting for income taxes and shareholder's equity (including earnings per share). The treatment of accounting changes and the statement of changes in financial position will also be covered.
Prereq: Econ291
Econ 293 5
Auditing
Internal and external auditing, its effects and uses. A study is made of budgeting, centralized and decentralized control, internal audit, performance measurement, the role of an external auditor, the techniques used by an external auditor, services available from a Public Accounting firm and the evaluation of the services provided.
Prereq: Econ 191, 192
Econ 294 5
Business Law
The course will cover the judicial process, torts, contracts, sale of goods er services, consumer. protection, credit, negotiable instruments, bankruptcy, property, business organization, agency partnership, corporations. ; Prereq: Econ 191/192
Distribution theory; production, consumption and general equilibrium analysis; welfare economics. Prereq: Econ 201, 231
Monetary theory and banking in an open economy; national policies for achieving full employment. price stability, and equilibrium in the balance of payments. Prereq: Econ 201, 202, 231
Econ 303 5
Economic Thought
A critical survey of the development of economic thought from Adam Smith through J. M. Keynes.
Prereq: Econ 201, 202, 231
Econ3t1 5
Introduction to Mathematical Economics Mathematical treatment of some micro—and macropartial and general equilibrium models; programming and game theoretic techniques; stability analysis; simple growth models.
Prereq: Econ 201, 202, 211 (or Math 130)
Econ 321 5
Introduction to Econometrics
Introductory level course in econometrics; includes economic model building and testing, regression and correlation analysis, and price indices.
Prereq: Econ 221
An examination of the modern theory of international trade. Topics include comparative advantage and the gains from trade, tariff theory, economic integration, and the interaction between international trade and economic growth.
Prereq: Econ 201, 231
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Course Descriptions Economics
279
The monetary aspect of international economic relations. Topics include analyses of the foreign exchange and international capital markets, the theory of balance of payments policy, monetary integration, and reform of the international monetary system.
Prereq: Econ 202, 231
Econ 333 5
Inter-regional Economics
Application of economic theory to analyses of structural characteristics, growth and development in inter-regional systems. Models examined include input-output, export-base, shift-share, neo-classical, cumulative causation.
Prereq: Econ 201, 237
Econ 335 5
Economic Development
The nature of the problem of economic development: theories of economic development; major policy issues in economic development.
Prereq: Econ 201, 202, 231
Econ 341 5
Public Finance
The economic rationale of governmental activity; alternative measures of fiscal operations; the structure and economic effects of government revenues and expenditures; the role of fiscal policy in economic stabilization and growth.
Prereq: Econ201
Econ 343 5
Urban Economics
Application of economic analysis to location decisions of firms and households; discussion of policy problems, for example, urban renewal and housing.
Prereq: Econ 101 (Econ 201 is recommended)
Econ 345 5
Industrial Organization
An analysis of the characteristics of industrial structure, behaviour and performance with special reference to Canada. Competition and “rationalization” policy in Canada and other selected countries.
Prereq: Econ 201
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A “topic oriented” seminar course. The class agrees to study a Canadian problem selected from a list that includes poverty, unemployment, industrial policy, and so forth. The format assists the student in gaining analytical skill through work on the selected topic. Prereq: Econ 201, 202
One or more special half courses will be offered at different times as announced by the Department. Prereq: Consent of Instructor
.5 each
Econ 391/392 FW 5/5
Cost and Management Accounting 1, 2
Accounting and reporting of costs for inventory valuation and management control. Introduces product costing, overhead cost analysis, standard cost systems and responsibility accounting. Emphasis is placed upon the use of accounting information for decision making. Prereq: Econ 191, 192
Econ 391 is a préreq. for Econ 392
Course Descriptions Economics
An introductory conceptual framework for decision making in financial management. Emphasis is placed upon the investment problem in long term assets, capital structure and dividend policy. Techniques studied will be applied to actual case situation.
Prereq: Econ 101, 102, 191, 192, 227
Econ 393 is a prereq. for Econ 394
Pure theory of exchange, production and consumption theory, the core of an economy, capital theory, general equilibrium analysis of multiple markets, and related theoretical issues.
Prereq: Econ 301, 302, fourth-year standing
Theory of economic policy, business cycles, inflation and unemployment problems, and balance of payments analysis.
Prereq: Econ 301, 302, fourth-year standing
Econ 403 5
Economic Analysis, Forecasting, and Public Policy The course focuses on the problems of forecasting economic activity (as measured by the principal macroeconomic variables), and of designing and implementing policies to control those variables; topics covered include a critical review of current forecasting models, problems associated with lags in the impact of policies, and so forth.
Prereq: Econ 301, 302, 321
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 nonlinear programming, input-output analysis game theory. Prereq: Econ 301, 302, 311
Classical, neoclassical, and Cambridge theories of growth, study of production, technical progress, and consumption; aggregate and two-sector models of growth; growth theory in an open economy.
Prereq: Econ 301, 302, 311
Econ 421/422 FW 5/5
Econometrics 1, 2
Review of linear algebra, and development of basic statistical inference; formulation, identification, estimation, and tests of single equation and simultaneous equation regression models of micro- and macroeconomics; empirical models.
Prereq: Econ 201, 202, 211, 221, 321
Econ431 _ F 5
Advanced International Economics
Analysis of selected topics such as the theory of trade blocs and systems of customs unions, economic integration, devaluation theory, theory of dominant currencies, international transmission of inflation, gold/bimetalic/dollar standard theories and optimum currency areas.
Prereq: Econ 301, 302, 331, 332
Analysis of selected policy problems, such as monetary
and fiscal policy mix in open economies, optimum tariff policy, trade and environmental policies, trade in public goods and bads, international monetary reform, contro!
of international! capital flows, the multi-national firm, and so forth.
Prereq: Econ 301, 302, 331, 332
An overview of fiscal functions and institutions; the theory of social goods; expenditure and revenue structures; fiscal incidence.
Prereq: Econ 231, 301, 302, 347
Fiscal stabilization, fiscal federalism, public pricing, international public finance, social security and other contemporary policy issues. : Prereq: Econ 441
Econ 451 5
Advanced Topics in Resource Economics Advanced analysis of selected topics in the area of energy, land, and labour resources.
Prereq: Econ 201, 202, 231, 355
Research and reading courses under the direction of individual instructors.
Admission by consent of instructor
.5 each
Course Descriptions 281 Economics
Econ 491 5
Advanced Accounting 1
The major emphasis of the course is long-term intercorporate Investments and Business Combinations. The balance of the course will deal with selected specialized accounting areas.
Prereq: Econ 291-292
Econ 492 5
Advanced Accounting 2
Theoretical analysis of accounting and in particular, Income Theory and various Income Models. The course will also cover price level and current value accounting, as well as foreign currency transactions.
Prereq: Econ 291, 292
Econ 493 5
Taxation
The prime purpose of the course is to gain a broad understanding of the Canadian tax system in its economic, legal, and accounting settings. Fundamental legal and economic concepts will be studied as well as specific provisions and problems that commonly arise. The second purpose of the course is to relate the provisions of the taxing statutes to frequent business problems with emphasis on tax planning.
Prereq: Econ 292