ECON 364 English
Engl 205R Engl 214 Engl 215 Engl 313 Engl 314 Engl 315 Engi 316 Engl 415
Economics (ECON)
56 courses in the 1979–80 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 1979–80
Professor, Chairman J. H. Hotson, BA (Colorado College), MA, PhD (Penn)
Associate Professor, Associate Chairman A. R. Olsen, 8B Comm (Sir G.Wms), MBA (W. Ont.)
Professor, Graduate Officer L. Needleman, MA (Oxford), PhD (Glasgow)
Assistant Professor, Undergraduate Officer G.W. Russell, 8B. Comm, MBA, (McMaster), RIA
Associate Professor, Director of the Accounting Programmes R.A. Long, 8. Comm (Br.Col.), MBA (Washington), CA
Professors
Faculty listed in 1979–80
S.K. Ghosh, B.Sc, MSc (Calcutta), MS, PhD (Wisconsin)
A. Koutsoyiannis, BA (Athens), PhD (Manchester) Recipient of the Distinguished Teacher Award
Associate Professors K.M. Bennett, BA, MA (Queen's), PhD (McGill) D.T. Carter, BComm, MBA, (Windsor), CA F.P. Dougherty, BComm (Sir G. Wms), MSc, (Clarkson), PhD (PennState), CA (on leave of absence: July 78-June 79) L. P. Fletcher, BComm (Mount Allison), AM, PhD (Brown) H. M. Herauf, BComm (Sask), MBA, (Mich.), CA R. R. Kerton, BComm (Toronto), MA(Carieton), PhD (Duke), (on sabbatical: July 78-June 79) N. E. Lavigne, CR, BA (W. Ont.), MComm (Ottawa), MBA (Detroit) J / W.R. Needham, BComm (Carleton), MA, PhD (Queen's) W. R. Thirsk, BA, MA (Br. Col.), PhD (Yale)
Assistant Professors
Faculty listed in 1979–80
A.A. Andrikopoulos, BA (Athens), MA (Wayne State), PhD(Southern California)
J. Brox, BA (Toronto), MA, PhD (McMaster)
J. E. Cuenca, LIC (Madrid), MA (Western Michigan), PhD (Toronto)
S. W. Kardasz, BA (Loyola), PhD (Queen’s)
T. Shastri, BComm (Osmania), LLB (Bombay), MBA (McMaster), RIA, CA
S. Shinohara, BA (Tokyo), MA (Chicago), PhD (Waterloo)
Lecturers
Faculty listed in 1979–80
E. Carvalho, BA, MA (Waterloo)
S. J. Glover, BMath, (Waterloo), CA
Faculty listed in 1979–80
E. W. Lau, BA (Toronto), MA(Manchester)
P.A. Smith, BSc; (Liverpool), MBA (W. Ont.), CChem,CA K. Stollery, BA (Southern California), MA (Queen's)
Adjunct Faculty
D. G. Craig, BMath (Waterloo), CA
Faculty listed in 1979–80
D. Duncan, BSc; MBA (York), RIA
A. H. Headlam, FCA
Faculty listed in 1979–80
W. D. Jenkins, BA: LLB (W. Ont.)
R. F. Kilmnik, BA (Waterloo), MBA (McMaster) CFA G. A. Sheehan, MBA; PhD. (W. Ont.), CA
K.A. Tambling, BSc (McGill), MBA (W. Ont.)
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.
ECON 100A Introduction to Modern EconomicsF,W 3C
A study of the principles of modern economics that contribute to an understanding of the operation of the Canadian economy. Micro-and macro-concepts are integrated in a Post-Keynesian framework.
0.5/0.5
ECON 101 Introduction to MicroeconomicsF,W,S 3C 0.5
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 national output, pricing of productive factors, and income distribution.
Also offered at St. Jerome's College.
ECON 102 Introduction to MacroeconomicsF,W,S 3c 0.5
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.
ECON 103 Introduction to Economic Concepts and Current Problems
Listed without a description.
ECON 191 Introduction to Financial Accounting 1F,W,S 2C,1L 0.5
Recording transactions; measuring income; preparation and analysis of financial statements: accounting for assets, liabilities, and owner equity.
Course Descriptions Economics
ECON 192 Introduction to Financial Accounting 2F,W,S 2C,1L 0.5
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: Econ 191
ECON 193 Economics and the Administrator 1, 2F,W 3C 0.5/0.5
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
ECON 201 Microeconomic TheoryF,W 3C 0.5
Theory of consumer demand; production theory; market structure; resource pricing and allocation under perfect and imperfect competition.
Prereq: Econ 101 or Econ 100a
ECON 202 Macroeconomic TheoryF,W,S 3C 0.5
Theory of the determination of the level of national income, employment and the price level.
Prereq: Econ 102 or Econ 100b
ECON 211 Mathematics for EconomistsF,W 3c 0.5
Application of elementary mathematics to problems in economic theory. Topics include the graphing of functions, elementary exponential and logarithmic functions and differentiation - all developed within the context of economic theory.
Prereq: Econ 101/102 or Econ 100a/100b
ECON 221 Statistics for EconomistsF,W 3c 0.5
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 or Econ 100a/100b
Economics Department of Economics: Course Offerings 1st Year 2nd Year 3rd Year 4th Year Subject Areas 100 Intro. Modern 201 Microeconomic 301 Intermediate 401 Advanced Economic Economics Theory Microeconomics Economic Theory Theory 101 Intro. Micro- 202 Macroeconomic 302 Monetary Theory 402 Economic Cycles Economics Theory and Banking and Stabilisation 102 Intro. Macro- 303 Economic Policy Economics Thought 403 Econ. Analysis.
Forecasting, and
Public Policy 211 Mathematics 311 Intro. Math 411 Mathematical Quantitative for 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 432 International 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 and Project Evaluation
351 Labour Economics
353 Population Economics
355 Energy & Natural Resources
357 Environmental Economics
451 Advanced Topics in Resource Economics
Economics of Energy, Land and Labour Resources
263 Canadian Economic History
361 North American Economic History
363 Contemporary Canadian Prob. 1
364 Contemporary Canadian Prob. 2
461 Comparative Economic Systems
Economic History and Contemporary Problems
381-389 Special Topics
481-489 Special Studies
Special Topics and Studies
191 intro. Financiat Accounting 1
192 Intro. Financial Accounting 2
193 Economics and the Administrator 1
194 Economics and the Administrator 2
291 Intermed. Fin. Accounting 1
292 Intermed. Fin. Accounting 2
293 Auditing
294 Business Law
391 Cost and Management Accounting 1
392 Cost and Management Accounting 2
393 Corporate Finance 1
491 Advanced Accounting 1
492 Seminar in Financial Accounting Theory and Research
394 Corporate Finance 2 493 Taxation
Accounting and Administration Economics
286 '
ECON 231 Introduction to International EconomicsF,W 3C 0.5
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 or Econ 100a/100b -
ECON 241 Cost-benefit Analysis and Project EvaluatioW 3C 0.5 :
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
ECON 263 Economic History of CanadaW 3C 0.5
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 or Econ 100a/100b
ECON 291 Intermediate Financial Accounting 1F,W,S 3c 0.5
Includes a review of the foundations of accounting theory and the accounting process. This is followed by 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
ECON 292 Intermediate Financial Accounting 2F,W,S 3C 0.6
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 earning per share). The treatment of accounting changes and the statement of changes in financial position will also be covered.
Prereq: Econ 291
ECON 293 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
FW 3c.
Course Descriptions Economics
ECON 294 Business LawF,W 3 0.5
Introductory course in law, including the following subjects: Law of contracts; Discharge, Breach, Misrepresentation; Business Organizations; Creation of a business, taxation, agency termination; duties of directors, rights of shareholders, safeguard to shareholders and creditors; commercial torts, estates, wills.
ECON 301 Intermediate MicroeconomicsF,S 3C 0.5
Distribution theory; production, consumption and general equilibrium analysis; welfare economics. Prereq: Econ 207
ECON 302 Monetary Theory and BankingW 3C 0.5
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 Economic ThoughtF 3c 0.5
Acritical survey of the development of economic thought from Adam Smith through J. M. Keynes. Prereq: Econ 201, 202, 231
ECON 311 Introduction to Mathematical EconomicsF,S 3C 0.5
Mathematical treatment of some micro - and macro - partial and general equilibrium models; programming and game theoretic techniques; stability analysis; simple growth models.
Prereq: Econ 201, 202, 211 (or Math 130)
ECON 321 Introduction to EconometricsW 3C 0.5
Introductory level course in econometrics; includes economic model building and testing, regression and correlation analysis, and price indices.
Prereq: Econ 221
ECON 331 International Trade TheoryF 3C 0.5
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
ECON 332 International Monetary TheoryW 3c 0.5
The monetary aspects 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 Inter-regional EconomicsF 3C 0.5
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, 231
ECON 335 Economic DevelopmentW 3C 0.5
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 Public FinanceF 30 0.5
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: Econ 201
ECON 343 Urban EconomicsW 3C 0.5
Application of economic analysis to location decisions of firms and households; discussion of policy problems, for example, urban renewal and housing.
Prereq: Econ 101 or Econ 100a (Econ 201 is recommended)
ECON 345 Industrial OrganizationF 3c 0.5
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
ECON 347 Economics of Transportation and Communication
Listed without a description.
ECON 351 Labour EconomicsF 3C 0.5
Wage theory, training and mobility theory; economics of information in Canadian labour markets; other investments in human capital; manpower policies. Prereq: Econ 201
Course Descriptions 287 - Economics ‘
ECON 353 Population EconomicsW s 0.5
Demographic techniques; economic interrelationships ; with fertility, mortality, morbidity; theory of an optimum population.
Prereq: Econ 201
ECON 355 Economics of Energy and Natural ResourcesW 3C 0.5
An analysis of the economics of conservation, especially the adequacy of the market mechanism as an allocator of resource use over time. The political economy of the worid's supply of and demand for energy resources and major issues in Canadian energy policy will be considered.
Prereq: Econ 201 (Econ 241 is recommended)
ECON 357 Environmental EconomicsW 30 0.5
Application of economic theory to problems of the environment, in particular, air, water, and land pollution. Emphasis is on the theory of the management of common property resources.
Prereq: Econ 201
ECON 361 North American Economic History
Listed without a description.
ECON 363 Contemporary Canadian Probiems 1, 2F,W 3c 0.5/0.5
A “topic oriented’ seminar course. The class agrees to study a Canadian problem selected from alist that includes poverty, unemployment, industrial policy, and so forth. The format assists the student in gaining analytical skill through work on the selected topics. Prereq: Econ 201, 202
ECON 381 Special Topics-389 3S
One or more special half courses will be offered at different times as announced by the Department. Prereq: Consent of Instructor
0.5 each
ECON 391 Cost and Management Accounting 1,2F,W,S 3C 0.5/0.5
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. Prereqg: Econ 191,192
Econ 391 is a prereq. for Econ 392
ECON 393 Managerial Finance 1, 2F,W,S 3C 05/0.5
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, 227
Econ 393 is a prereq. for Econ 394
ECON 401 Advanced Economic TheoryF 3C 0.5
Production and Consumption theory; advanced theory of oligopoly: price competition; non-price competition; growth decisions of the firm: financial decisions of the firm; income distribution; general equilibrium analysis. Prereq: Econ 301, fourth-year standing
ECON 402 Economic Cycles and Stabilization PolicyW 3C 0.5
Theory of economic policy, business cycles, inflation and unemployment problems, and balance of payments analysis.
Prereq: Econ 301, 302, fourth-year standing
ECON 403 Economic Analysis, Forecasting, and Public PolicyW 3C 0.5
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
ECON 411 Mathematical Economics
Listed without a description.
ECON 413 Economic Growth TheoryW 3c 0.5
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 Econometrics 1, 2F,W 3C
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
0.5/0.5
ECON 431 Advanced International Economics
Listed without a description.
ECON 432 International Economic PolicyW 3C 0.5
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, control of international capital flows, the multi-national firm, and so forth.
Prereq: Econ 301, 302,331,332.
ECON 441 Economics of the Public Sector 1F 3C 0.5
An overview of fiscal functions and institutions; the theory of social goods; expenditure and revenue structures; fiscal incidence.
Prereq: Econ 231, 301, 302, 341
ECON 442 Economics of the Public Sector 2W 3C 0.5
Fiscal stabilization, fiscal federalism, public pricing, international public finance, social security and other contemporary policy issues.
Prereq: Econ 441
ECON 451 Advanced Topics in Resource Economics3C 0.5
Advanced analysis of selected topics in the area of energy, land, and labour resources.
Prereq: Econ 201, 202, 231, 355
ECON 481 Special Studies-489 3S
Research and reading courses under the direction of individual instructors.
Admission by consent of instructor.
0.5 each
ECON 491 Advanced Accounting 1F,S 3c 0.5
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 Seminar in Financial Accounting Theory and ResearchF,W,S 3C 0.5
Analysis of the theoretical foundations of the financial accounting discipline including a survey of academic accounting literature with emphasis upon selected alternative models of accounting theory and the various methodologies and findings of selected accounting researchers. Canadian implications for accounting education will be examined.
Prereq: Econ 291, 292
ECON 493 Taxation
Listed without a description.