72 courses in the 1981–82 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Professor, Chairman . J. Hotson, BA (Colorado College), MA, PhD (Penn)
Associate Professor, Associate Chairman K. M. Bennett, BA, MA (Queen’s), PhD (McGill)
Professor, Graduate Officer L. Needieman, MA (Oxford), PhD (Glasgow)
Assistant Professor, Undergraduate Officer S. W. Kardasz, BA (Loyola), PhD (Queen’s)
Assistant Professor, Director of Accounting Prograrnmes.
G. W. Russell, MBA (McMaster), RIA
Professors
L. G. Eckel, BA, BComm (Sask.), MBA, PhD (Michigan), FCA
J. R. Hanna, BComm (McMaster), MBA, PhD (Michigan), FCA
S. K. Ghosh, BSc, MSc (Calcutta), MS, PhD (Wisconsin)
A. Koutsoyiannis, BA (Athens), PhD (Manchester) Recipient of the Distinguished Teacher Award
Associate Professors
D. T. Carter, BComm, MBA (Windsor), CA
L. P. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
H. M, Herauf, BComm (Sask.), MBA (Mich.), CA
D. J. Johnston, 8Comm, MBA (Queen’s}), CA
R. R. Kerton, BComm (Toronto), MA (Carleton), PhD (Duke)
N. E. Lavigne, CR; BA (W. Ont.), MComm (Ottawa), . MBA (Detroit) J
S.N. Laiken, BA (Western), MBA (Wharton), PhD (Western)
W. M. Lemon, BA (Western), MBA (Toronto), PhD (Texas at Austin), CA, CPA
R. A. Long, BComm (Br. Col.), MBA (Washington), CA
A.R. Olsen, BComm (Sir G. Wms.), MBA (W. Ont.)
W. R. Needham, BComm (Carleton), MA, PhD (Queen’s)
W. R. Thirsk, BA, MA (Br. Col.), PhD (Yale)
Assistant Professors
A. A. Andrikopoutos, BA (Athens), MA (Wayne State), PhD (Southern California)
J. Brox, BA (Toronto), MA, PhD (McMaster)
M. C. Howard, BA, MA (Lancaster), PhD (Leicester)
E. F. Kirzner, BA, MBA (Toronto)
R. C. Kumar, BStat, MStat, (indian Statistical institute), MA, PhD (Toronto)
K. R. Stollery, BA (Southern California). MA, PhD (Queen’s)
‘
Course Descriptions . ; 303
-Economics
Lecturers .
E. Carvalho, BA, MA (Waterloo)
D. Duncan, BSc, MBA (York), RIA
E. W. Lau, BA (Toronto), MA (Manchester) S. M. Riczu, BMath (Waterloo), CA
Adjunct Faculty
J. Ambrose, MBA (McMaster)
W. A. Campbell, BA, MBA (York), RIA
1. Duncan, BA (Brock), LLB (Osgoode)
F. R. Harvey, BSc (Toronto), CA
A. Headlam, MBA (Wilfrid Laurier), FCA
W. D. Jenkins, BA, LLB (W. Ont.)
R. K. Kilimnik, BA (Waterloo), MBA (McMaster) CFA J. Moore, BA (W. Ont.), CA
F. Starke, BMath (Waterloo), CA
K. A. Tambling, BSc (McGill), MBA (W. Ont.) D. Thomson, BMath (Waterloo), CA
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 wil! meet.
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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 probiems 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.
Only one of Econ 101 and 103 may be taken.
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
Problems .
The course presents the ideas of the great economists from Adam Smith to J.M. Keynes. The focus of the course is on the use of economic theory to understand the behaviour of consumers and of large corporations in the modern industrial worid, and on the solution of such urgent current problems as stagglation, population, the economic policies of large conglomerate business, the arms race, urban congestion, and resource uses. The course has a structure which is based on J.K. Galbraith's televised series, ‘‘The Age of Uncertainty.”
Only one of Econ 101 and 103 may be taken. Offered by correspondence only.
An introduction to the principles and practices underlying the historical-cost income determination model.
Note: Restricted to students required by their programme to take Economics 191, or to students registered in Economics 101, 193, and CS 112 or 140.
Emphasis is given to asset and liability valuation. The nature and analysis of costs, and the usefulness and limitations of accounting data for decisionmaking. .
Prereq: Econ 191.
Note: Restricted to students who have obtained at least a “C~” in Economics 191.
The functional areas of business: finance, personnel administration, production, marketing and accounting are examined within differing organizational structures. Coverage also includes study of the principles of effective management and the financial system in Canada as a source of corporate capital.
Prereq: Econ 193 is a prerequisite 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. 101 or 103 or 100a
Theory of the determination of the level of national income, employment and the price tevel.
Prereq: Econ 102 or Econ 100b
Course Descriptions Economics
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 103/102 or 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 103/102 or 100a/100b
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 103/102 or 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 2017
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 103/102 or 100a/100b
This course is designed for non-accounting majors to help them understand and analyze financial statements.
This course is designed for non-accounting majors. The use of accounting information to assist in planning, control and managerial decision-making will be examined.
Prereq: Econ 281
|! 305 Economics Department of Economics: Course Offerings 1st Year 2nd Year ord 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 so 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
442 Economics of the Pubtic Sector 2
241 Cost Benefit
351 Labour Economics
451 Advanced Topics
Economics of
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 Economic History Economic and Contemporary History 363 Contemporary Systems Problems Canadian Prob. 1 364 Contemporary
Canadian Prob. 2 365 Economic
Development of
Modern Europe.
1780-1973 381 - 389 Special 481 - 489 Special Special Topics Topics Studies and Studies 191 intro. Financial 281 Accounting for 391 Cost and 491 Advanced Accounting and Accounting 1 the User o Management Accounting 1 Administration 192 Intro. Financial Financial Accounting 1 492 Seminar in Economics Accounting 2 Statements 392 Cost and Financial 193 Economics 282 Uses of Management Accounting and the Accounting Accounting 2 Theory and Administrator 1 information 393 Corporate Research 194 Economics | 291 Intermed. Fin. Finance 1 493 Taxation 1 and the Accounting 1 394 Corporate 494 Taxation 2 Administrator 2 292 Intermed. Fin. Finance 2 495 Accounting Accounting 2 Information 293 Auditing Systems 294 Business Law 496 Investment Analysis 497 Accounting Planning and
Control Systems
A first course In intermediate financial accounting dealing with the theory and practice of financial statement preparation and reporting. The emphasis will be on asset valuation and the related impact on income rneasurement.
Prereq: Econ 192
This course completes the coverage of intermediate financial accounting. It deals with problems related to the measurement of liabilities, accounting for income taxes and the reporting and measuring of corporate equities.
Prereq: Econ 291
A study of the attest function emphasizing ethical, legal, and statutory influences on the development of auditing standards. Elements of effective control structures, the concept of audit evidence and the evolution of reporting practices are examined. Co-requisite: Registration in Econ 292.
Particular attention is given to the law relating to contracts and business organizations. Other areas of study include sources of law, the judicial process, real and personal property, torts, agency, credit, and negotiable instruments.
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
Course Descriptions Economics
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
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 103 or 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 anatysis 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
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 201
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)
Course Descriptions — po 307
Economics
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
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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 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 101/102 or 103/102 or 100a/100b
One or more special half courses will be offered at different times as announced by the Department. Prereq: Consent of Instructor
Concepts underlying the use of cost accounting information for managerial planning and control. Introduction of product costing, overhead cost analysis, standard cost systems and responsibility accounting.
Prereq: Econ 292
Consideration of more complex topics in management planning and control. Topics include overhead allocations, transfer pricing, performance appraisal, income measurement, and the determination of cost behaviour.
Prereq: Econ 191
“Econ 393 F,W,S 3c 0.5
Managerial Finance 1
Analytic techniques for financial decision making will be considered within a conceptual framework. Emphasis is placed upon the long-term investment, capital structure and distribution decisions. Developments in capital asset pricing, and efficient markets will be examined.
Prereq: Econ 101 or 103, 102, 192, 221.
The theoretical concepts examined in Economics 393 will be applied within the context of the Canadian economy. Topics examined will include interest rate determination, capital markets, and risk/return characteristics of financing alternatives. Prereq: Econ 393.
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 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
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Classical, neociassical, 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
Course Descriptions: Economics
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, 321
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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, international 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, 341
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 labour resources.
Prereq: Econ 201, 202, 231, 355
This course seeks to explain and evaluate various theoretical frameworks utilized in the analysis of different types of Economic Systems. The emphasis is placed upon those frameworks applicable to capitalism and socialism. Topics which are dealt with include Marx’s theory of capitalism, the analysis of decentralized Economic Systems in terms of Modern Walrasian theory, theories of monopoly capitalism, the development and operation of the Stallinist Command Economy, alternative principles of Socialist Economic Organization and various types of. planning procedures.
Prereq: Econ 201 and 202
Research and reading courses under the direction of individual instructors.
Admission by consent of instructor.
An advanced accounting course considering specific problems of accounting for the corporate entity, such as business combinations, intercorporate investments, consolidated financial statements, accounting for foreign operations and foreign currency transactions, segment reporting.
Prereq: Econ 392
A review of accounting theory as a background for applying underlying concepts to current accounting problems. Emphasis is on current literature, with a major term paper required.
Prereq: Econ 393 and 491
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
Course Descriptions 309 Economics
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 control of financial resources. Topics include measurement of performance, control centres, transfer pricing, planning and budgeting, and control of costs.
Prereq: Econ 392
Department of
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