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Economics (ECON)

46 courses in the 1985–86 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.

Notes

Faculty listed in 1985–86

Associate Professor, Chairman K.M. Bennett, BA, MA (Queen's), PhD (McGill)

Professor, Acting Chairman R.R. Kerton, BComm (Toronto), MA (Carleton), PhD (Duke)

Professor, Associate Chairman W.R. Thirsk,’ BA (British Columbia), MA, PhD (Yale)

Associate Professor, Graduate Officer L.P. Retcher, BCamm (Mount Alison), AM, PhD (Brown}

Lecturer, Undergraduate Officer E.W. Lau, BA (Toronto), MA (Manchester)

Professors S.K. Ghosh, 8Sc, Me (Calcutta), MS, PhD (Wisconsin)

Faculty listed in 1985–86

J.H. Hotson, BA (Colorado College), MA.

PhD (Pennsyivania)

Faculty listed in 1985–86

L. Needleman, MA (Oxford), PhD (Glasgow)

D. Wilton, BComm (McMaster), PhD (MIT)

Associate Professors

Faculty listed in 1985–86

A.A. Andrikopoulos, BA (Athens), MA (Wayne State), PhD (Southern Cali fomia)

J.A. Brox, BA (Toronto), MA, PhD (McMaster)

J.E. Cuenca, LIC (Madrid), MA (Westem Michigan), PhD (Toronto)

M.C. Howard, BA, MA (Lancaster), PhD (Leicester)

S.W. Kardasz, BA (Loyola), PhD (Queers)

R.C. Kumar, BStat, MStat (indian Statistical institutey, MA, PhD (Toronto)

-®W.R. Needham, 8Comm (Carleton), MA.

PhD (Queer’s)

Faculty listed in 1985–86

K.R. Stollery, BA (Southem California), MA, PhD (Queen! s)

Assistant Professors

Faculty listed in 1985–86

R.W. Bodell, 8Sc (Sydney, Australia), MA, PhD (York)

E. Carvalho, BA, MA, PhD (Waterloo)

F.M. Naqib, 8Se (Washington), MSc (Oregon), PhD (Queen's)

T.T. Nguyen, BSc, ChE (California- Berkeley), MA (Simon Fraser), PhD (Westem Ontario)

’

Lecturers

"RA. Androkovich, BSe (Lethbridge), MA

(Wester Ontario)

Faculty listed in 1985–86

B.H. Bentley, BA (Mount Allison), MA (Windsor)

E. Nosal, BA (Queen's), MA (McMaster)

Faculty Member of Economics holding a cross appointment to: "Accounting

Course Descriptions Courses not offered in the current academic year are listed at the end of this section. - introductory Notes

1. Some Economics courses do not

have a "term offered” indicated. This information will be available at

« preregistration and students can

confirm the "term offered” with their Departmental advisor.

2. The “norma? number of lectures per week in each course is 3; however, each instructor determines how oftan his or her particular class will meet.

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ECON 101 Colossos - The Major Figures of Ancient GreeceF 3C 0.5

An introductory study of the achievement of ancient Greece through some of its most prominent figures. Each year 2 of the following will be featured: Theseus: The Minoan-Mycenaean Age of Bronze; Pericies and the Rise of Democracy; Socrates, Man and Martyr, Alexander the Great and The Age of Expansion. .

CCW 102 W 3X 05

Colossos - The Major Figures of Ancient Rome

An introductory study of the achievement of ancient Rome through some of its most prominent figures. Each year 2 of the following will be featured: Julius Caesar and the Collapse of the Republic; Augustus: The Empire Rises; Nero and the Corruption of Power; Hadrian and the imperial Machine.

CCW 21 FS 3X OS

Ancient Greek Society

A survey of the civilization of Classical

Greece, featuring such topics as the

individual (male and female), political

institutions, art, religion, philosophy.

literature, social life and leisure activities. Students are advised to pre-register

early for this course as enrolment is

limited.

Scanned page 312ECON 101 today

ECON 101 Introduction to MicroeconomicsF,W,S 3C 0.5

An introduction to the central economic problems of society, the functioning of a mixed enterprise system, the economic role government, the composition of and pricing of national output, pricing of productive factors, and income distribution.

Scanned page 321ECON 101 today

ECON 102 Introduction to MacroeconomicsF,W,S 3C 0.5

Determination of national income; the

banking system; government fiscal and monetary policy; intemational trade and finance; and current economic problems.

Scanned page 321ECON 102 today

ECON 201 Microeconomic TheoryF,W,S 3C 0.5

Theory of consumer demand; production theory; market structure; resource pricing and allocation under perfect and imperfect competition.

Prereq: ECON 101

Scanned page 321ECON 201 today

ECON 202 Macroeconomic TheoryF,W,S 3C 0.5

Theory of the determination of the level of national income, employment and the price level, and macroeconomic policies to affect these determinates.

Prereq: ECON 102

Course Descriptions ; Economics

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ECON 211 Mathematics of EconomistsF,W,S 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

Students who have not taken Grade 13 Algebra and Calculus are strongly advised to take MATH 104.

Scanned page 321ECON 211 today

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

Students who have taken or are taking a course of similar content in another discipline should check with their Undergraduate Officer or the Arts Registrar's Office to determine if credit will be granted for both courses.

Scanned page 321ECON 221 today

ECON 231 Introduction to International EconomicsF,W,S 3C 0.5

Theory of comparative advantage and the gains from trade; tariff theary; concepts and measurement of balance of payments; exchange rate systems; reform of international monetary system. Prereq: ECON 101, 102

Scanned page 321ECON 231 today

ECON 241 Cost-benefit Analysis and Project EvaluationF,W,S 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

Scanned page 321ECON 241 today

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 analyzed in a Classical-Marxian framework.

Prereq: ECON 101, 102

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ECON 301 Intermediate MicroeconomicsF,W,S 3C 0.5

Theory of modern welfare economics with some applications; the meaning and measurement of economic efficiency and equity and their relationship to economic welfare.

Prereq: ECON 201, 202

Economics

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ECON 302 Monetary Theory and-BankingF,W 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

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ECON 303 Economic ThoughtF 3C 0.5

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

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ECON 311 Introduction to MathematicalF,W 3C 0.5

Economics

Mathematica! treatment of some micro-

and macro-partial and general.

equilibrium models; programming and

other techniques; simple growth models. Prereq: ECON 201, 202, 211 (or ~

MATH 130) .

Scanned page 322ECON 311 today

ECON 321 Introduction to EconometriceF,W 3C 0.5

Introductory level course in economet- - tics; includes economic model building and testing, regression and correlation analysis, and price indices. Prereq: ECON 221

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ECON 331 {nternational Trade and FinanceF,W 3C 05 .

An examination of theories of international trade. and finance at an intermediate level. Topics include theories of trade structure (Ricardian, Heckscher- Ohlin, and product cycle), the effects of tariffs and multinational corporation behaviour, the balance of paymenis, - and the workings of the exchange market.

Prereq: ECON 231, 201

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ECON 333 Interregional EconomicsW 3C 0.5

Application of economic theory to analyses of structural characteristics, growth and development in interregional systems. Models examined include integration of regional economic analysis in view of Canadian policy, export-base, shiftshare, neo-classical, cumulative causation. .

Prereq: ECON 201, 231

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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

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ECON 341 Public FinanceF,W 3C 0.5

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 weaith taxes; introduction to fiscal federalism. Prereq: ECON 102, 201

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ECON 343 Urban EconomicsF 3C 05 |

Application of economic analysis to location decisions of firms and households; discussion of policy problems, for example, urban renewal and housing. Prereq: ECON 107 (ECON 201 is recommended).

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ECON 344 Consumer TheoryF 3C. 0.5

The development of economic principles for consumer analysis. The course examines 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

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ECON 345 Industrial OrganizationW 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 3681 W 3C 05 Labour Economics Wage theory, training and mobility theory; economics of information in Canadian labour markets; other investments in human capital; manpower poiicies.

Prereq: ECON 201

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ECON 353 Population EconomicsF 3C 0.5

Population objectives; demographic

techniques; economic interrelationships

with fertility, mortality and migration.

determinants and consequences of

current world population changes. Prereq: ECON 201

16.41

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ECON 355 Economics of Energy and NaturalW 3C 0.5

Resources : An analysis of the economics of conservation, especially the adequacy of the market mechanism as an allocator of resource use over time. Issues __ conceming the economig behaviour of Canada’s fishery, forest, fuel and nonfuel mineral industries will be considered.

Prereq: ECON 207

(ECON 241 is recommended.)

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ECON 363 Contemporary Canadian Problems 1,2W 3C 0.5/0.5

A “topic oriented’ seminar course. The class agrees to study a Canadian problem selected from 4 fist 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

Scanned page 322ECON 363 today

ECON 365 Economics Devetopment of ModemW 3C 0.5

Europe 1780-1973" 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

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ECON 381 Special Topics-369 3S each 0.5

One or more special half courses will be offered at different times as announced by the Department.

Prereq: Consent of instructor

Scanned page 322ECON 381 today

ECON 401 Advanced Microeconomic TheoryF,W X 05-

This course concentrates upon Walra: sian general equilibrium analysis with special reference to Debreu’s formulation and temporary equilibrium theory; the micro-foundations of Keynesian economics and the Sraffian alternative to, and critique of, supply and demand theories.

Prereq: ECON 211, 301

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ECON 402 Advanced Macroeconomic TheoryF,W 3C 0.5

Classical and Keynesian models and

recent contributions; theory of economic

policy; inflation and unemployment.

modem theories of economic growth. Prereq: ECON 211, 221, 901, 302

16.42.

ECON. 4038 W 3C 05 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 of the impact of policies, and so forth.

Prereq: ECON 301, 302, 321

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ECON 421 Econometrics 2F,W 3C 0.5/0.5

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 macro-economics; empirical models. ; Prereq: ECON 201, 202, 211, 221, 321

Scanned page 323ECON 421 today

ECON 431 International Economic PolicyW 3C 0.5

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

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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

Scanned page 323ECON 441 today

ECON 442 Economics of 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

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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 207, 202, 231, 365

Scanned page 323ECON 451 today

ECON 461 Comparative Economic Systems

This course concentrates upon the criteria which are relevant for comparing different economic systems, how well various forms of economic theory make comparisons, the development of capitalist and socialist economies, together

SCC RR eee Pert or

with the analysis of altemative types of price system and planning. . Prereq: ECON 201, 202

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ECON 463 Political Economy of Capitalist

Development ; A study of the main tools and models of modern political economy. Micro and macro tools and concepts are integrated in a Marxian framework based on the work of Robinson, Sraffa, Kaldor, Pasinetti, Rowthorn, Nell, Sweezy and others in what can be termed the "Classical Martian” tradition.

Prereq: Consent of instructor

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ECON 472 Advanced Public Policy and Applied EconomicsW 3S 0.5

An advanced discussion of selected topics in macroeconomic theory, policy and empirical research. Seminar topics include the role of stabilization policy, the usefulness of income policy and evaluation of Monetarism as practiced by the Bank of Canada.

Prereq: ECON 321, 402 (may be taken concurrently)

Scanned page 323ECON 472 today

ECON 482 Special Studies - Keynes and Post Keynesian EconomicsW 3C/S 0.5

This course is on the recently emerging Post Keynesian school of ‘economic theory, with roots in Keynes and, through Kalecki, in Marx. An alternative to the “neoclassical synthesis” is drawn from The General Theory and other sources, and used to describe and prescribe for such modern problems as stagflation, debt crises, high interest rates and lagging growth. Topics include micro foundations of macroeconomics and the role of finance in the modern economy.

Prereq: ECON 301, 302

* ECON 481-489 3S 0.5 each

Special Studies

Research and reading courses under

the direction of individual instructors. Admission by consent of instructor.

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ECON 357 Environmental Economics ,

Not offered in 1985–86.

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ECON 361 North American Economic History

Not offered in 1985–86.

Scanned page 323ECON 361 today

ECON 365 Economic Development of Modern Europe

Not offered in 1985–86.

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ECON 411 Mathematical Economics

Not offered in 1985–86.

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ECON 413 Economic Growth Theory

Not offered in 1985–86.

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ECON 441 Economics of the Public Sector 1

Not offered in 1985–86.

Scanned page 323ECON 441 today

ECON 442 Economics of the Public Sector 2

Not offered in 1985–86.

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ECON 451 Advanced Topics in Resource Economics

Not offered in 1985–86.

Scanned page 323ECON 451 today