71 courses in the 1980–81 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Department of Economics
Professor, Chairman J. H. Hotson, BA (Colorado College), MA, PhD (Penn)
Associate Professor, Associate Chairman A. R. Olsen, B Comm (Sir G. Wms), MBA (W. Ont.)
Professor, Graduate Officer L. Needleman, MA (Oxford), PhD (Glasgow)
Assistant Professor, Undergraduate Officer S. W. Kardasz, BA (Loyola), PhD (Queen's)
Associate Professor, Director of the Accounting Programmes R. A. Long, B. Comm (Br. Col.), MBA (Washington), CA
Professors
S. K. Ghosh, BSc, 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, 8Comm, MBA(Windsor), CA
L. P. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
H. M. Herauf, BComm (Sask.), MBA (Mich.), CA
R. R. Kerton, BComm (Toronto), MA (Carleton), PhD (Duke)
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
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)
M. C. Howard, BA, MA (Lancaster)
E. Kirzner, BA, MBA (Toronto)
R. A. Kumar, BStat, MStat, (indian Statistical Institute), MA, PhD (Toronto)
G. W. Russell, BComm, MBA (McMaster), RIA
T. Shastri, BComm (Osmania), LLB (Bombay), MBA (McMaster), RIA, CA
Lecturers
E. Carvalho, BA, MA (Waterloo)
BD. Duncan, BSe, MBA (York), RIA
P. A. Smith, BSc (Liverpool), MBA (W. Ont.), CChem, CA
K. Stollery, BA (Southern California), MA, PhD (Queen’s)
Adjunct Faculty
W. Campbell, BA, MBA (York), RIA
Duncan, BA (Brock), LLB (Osgoode)
W. D. Jenkins, BA, LLB (W. Ont.)
R. F. Kilimnik, BA (Waterloo), MBA (McMaster) CFA 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.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
Listed without a description.
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.
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 and pricing of national 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
Listed without a description.
Recording transactions; measuring income; preparation and analysis of financial statements; accounting for assets, liabilities, and owner equity.
Course Descriptions Economics -
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
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 331
Theory of consumer demand; production theory; market structure; resource pricing and allocation under perfect and imperfect competition.
Prereq: Econ 1017 or Econ 100a
Theory of the determination of the level of national income, employment and the price level.
Prereq: Econ 102 or Econ 100b
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
An intoduction 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
Course Descriptions 293 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 Micro- Economic Economics Theory Microeconomics economic Theory Theory 101 Intro. Micro- 202 Macroeconomic 302 Monetary Theory 402 Advanced Macro- Economics Theory and Banking economic Theory 102 intro. Macro- 303 Economic 403 Econ. Analysis, Economics Thought 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
344 Consumer Theory
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. 2 365 Economic Development of Modern Europe, 1780-1973
461 Comparative Economic Systems
Economic History and Contemporary Problems
381 - 389 Special Topics
481 - 489 Special Studies
Special Topics and Studies
191 Intro. Financial Accounting 1 192 Intro. Financial Accounting 2 193 Economics and the Administrator 1 194 Economics and the Administrator 2
281 Accounting for the User o Financial Statements
282 Uses of Accounting Information
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
394 Corporate Finance 2
491 Advanced Accounting 1
492 Seminar in Financial Accounting Theory and Research
493 Taxation 1
494 Taxation 2
495 Accounting Information Systems
496 Investment Analysis
497 Accounting Planning and Control Systems
Accounting and Administration Economics
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
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 or Econ 100a/100b
An overview of the role of accounting in serving Society’s economic problems. The production dimension of accounting will be emphasized, involving the preparation of financial statements and reports, using generally accepted accounting principles.
The consumption dimension of accounting will be emphasized, involving both internal and external decision makers. Students will be exposed to managerial decisions invoiving accounting data as well as financial statement analysis.
Prereq: Econ 281
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
Course Descriptions Economics
The major subject matter of this course will be an indepth treatment of the accounting problems associated with the equity side of the balance sheet. This would inctude 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
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
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.
Distribution theory; production, consumption and general equilibrium analysis; welfare economics. Prereq: Econ 201
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
A critical survey of the development of economic thought from the pre-Socratics to the Post- Keynesians. Emphasis on Classical Economics. Prereq: Econ 201, 202, 231
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)
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
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
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
The nature of the problem of economic development; theories of economic development; major policy issues in economic development.
Prereq: Econ 201, 202, 231
The economic rationale of governmental fiscal! activity; cost-benefit analysis; the structure and economic effects of public expenditure and revenues; the analysis of income, consumption and wealth taxes; introduction to fiscal federalism. Prereq: Econ 201
Course Descriptions 295 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 or Econ 100a (Econ 201 is recommended)
The development of economic principles for consumer analysis. The course appraises market responsiveness as well as conditions causing problems for public and private consumption. It also evaluates alternative economic policies for correcting such conditions.
Prereq: Econ 201
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
Listed without a description.
Wage theory, training and mobility theory; economics of information in Canadian labour markets; other investments in human capital; manpower policies.
Prereq: Econ 201
Population objectives; demographic techniques; economic interrelationships with fertility, mortality and migration; determinants and consequences of current world population changes.
Prereq: Econ 207
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 world'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)
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 207
Listed without a description.
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 topics.
Prereq: Econ 201, 202
A survey of Europe’s economic development from the Industrial Revolution to 1973. Case studies of England, France, Germany, Russia and the Soviet Union. Emphasis on technology, economic institutions, capital formation, standards of living, and the role of the State.
Prereq: Econ 101 and 102 or 100a/100b
Econ 381-389 38 Special Topics
One or more special half courses will be offered at different times as announced by the Department. Prereq: Consent of Instructor
0.5 each
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 prereq. for Econ 392
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, 221
Econ 393 is a prereq. for Econ 394
Course Descriptions Economics
- Production and consumption theory; advanced
theory of oligopology; price competition; non-price competition; growth decisions of the firm; financial decisions of the firm; decision-making under risk and uncertainty.
Prereq: Econ 301
Classical and Keynesian models and recent contributions; theory of economic policy; inflation and unemployment; modern theories of economic growth.
Prereq: Econ 301, 302
The course focuses on the problems of forecasting economic activity (as measured by the principal macroeconomic variabies), 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
Listed without a description.
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
Review of linear algebra, and development of basic statistical inference; formulation, identification, estimation, and tests of single equation and simultaneous equation regression models of microand macroeconomics; empirical models.
Prereq: Econ 201, 202, 211, 221, 327
Listed without a description.
Analysis of selected policy problems of open economies, such as optimum tariff and balance of payments stabilization, international capital flows, monetary and fiscal policy mix, multinational firms, multinational monetary reform and the new international economic order.
Prereq: Econ 301, 302, 331 and 332
An overview of fiscal functions and institutions; the theory of social goods; expenditure and revenue structures; fiscal incidence.
Prereq: Econ 231, 301, 302, 3417
Fiscal stabilization, fiscal federalism, public pricing, international public finance, social security and other contemporary policy issues.
Prereq: Econ 441
Advanced analysis of selected topics in the area of energy, land, and !abour resources.
Prereq: Econ 201, 202, 231, 355
Research and reading courses under the direction of individual instructors.
Admission by consent of instructor.
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
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
Course Descriptions 297 Economics
A course in the interpretation of the Canadian Income Tax Act, the common law pertaining to taxation, and the pronouncements of Revenue Canada - Taxation on tax topics. The emphasis will be the taxation of individuals.
Prereq: Econ 292
Analysis and interpretation of the Income Tax Act, common law, and departmental practice dealing with estates, trusts, partnerships, and corporations. Topics will include incidence of tax, rollovers, deferrals, distributions, determination of taxable income, and tax payable.
Prereq: Econ 493
The course investigates the concepts and principles of management information systems. Concentration is on the role of accounting information in the planning/decision making process and the design and implementation of accounting information systems.
Prereq: Econ 391/392
The objective of this course is to introduce the student to concepts of investment selection, purchase and management. The student should obtain a knowledge of security markets and the risk/return characteristics of forms of investment. Prereq: Econ 393
This advanced course deals with tools of management accounting useful in planning and controi of financial resources. Topics include measurement of performance, control centres, transfer pricing, planning and budgeting, and control of costs.
Prereq: Econ 392
Department of