44 courses in the 1986–87 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 - K.M. Bennett, 8A, MA: (Queen's), PhD (McGill)
Professor, Associate Chairman W.R. Thirsk,’ BA (British Columbia), MA, PhD (Yale)
Professor, Associate Dean.
Undergraduate Affairs, Faculty. of Arts
R.R. Kerton, Comm (Toronto), MA (Carlaton), PhD (Duke)
Associate Professor, Graduate Officer LP. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
Lecturer, Undergraduate Officer E.W. Lau, BA (Toronto), MA (Manchester)
Professors
S.K. Ghosh, BSc, MSc (Calcutta), MS, PAD (Wisconsin)
J.H. Hotson, BA (Colorado College), MA, PhD (Pennsylvania)
L. Needleman, MA (Oxford), PhD (Glasgow)
D. Wilton, BComm (McMaster), PhD
(MIT)
Associate Professors
AA. Andrikopoules, BA (Athens), MA (Wayne State), PhD (Southern Caltfornia)
J.A. Brox, BA (Toronto), MA, PhD (McMaster)
J.E. Cuenca, LIC (Madrid), MA (Western Michigan), PhD (Toronto)
M.C. Howard, BA, MA (Lancaster), PhD (Leicester)
S.W. Kardasz, BA 4 (Loyola, PAD (Queen's)
R.C. Kumar, BStat, MStat (noian Statis tical institute), MA, PhD (Toronto)
W.R. Needham, 8Comm (Carleton), MA, PhD (Queer! s) .
K.R. Stollery, BA (Southern California), MA, PhD (Queens)
Assistant Professors
R.A. Androkovich, 8Se (Lethbridge), MA.
PhD (Westam Ontario)
R.W. Bodell, BSc (Sydney, Australia), MA, PhD (York)
E. Carvalho, BA, MA, PhD (Waterioc)
F.M. Naqib, 8Sc (Washington), MSc (Oregon), PhD ’(Queen’ s) o
T.T. Nguyen, BSc, ChE (California- Berkeley), MA (Simon Fraser), PhD (Western Ontario)
E. Nosal, BA (Queen's), MA (McMaster) PhD (Queer! s)
Lecturers
C. Fadet, BA (Windsor), MA (Wester . Ontario) .
G. Stirling, BMath (Waterioo), MA (Guelph) .
Adjunct Lecturers
RF. Kilimnik, BA (Waterloo), MBA (McMester)
L. Smith, BA (Waterloo), MA (Waterloo)
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 atpreregistration and studenis can
confirm the "term offered’ with their Departmental advisor.
2. The “normal number of lectures per week in each course is 3; however, each instructor determines how often his or her particular class will meet..
A study of scientific thought and
achievements in such areas as astronomy, biology, anatomy and medicine, and of the technological skills which produced and distributed raw
materials, manufactured goods and agri-
cultural products.
Prereq: First year science or engi neering course, or C CIY 201 or 202 or 251 or 282 o¢ instructor s permission
A senior course concentrating on the Cycladic, Minoan and Mycenaean civilizations of the Bronze Age.
Prereq: C CIV 201, 251, 351 or instructor’ s permission
An introduction to the central economic problems of society, the functioning of a mixed enterprise system, the economic role of government, the composition of and pricing. of national output, pricing of
‘productive factors, and income distribu-
tion.
Determination of national income; the banking system; government fiscal and © monetary policy; international trade and finance; and current economic problems.
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 (GNP), the unemploy- ”
ment rate, interest rates, prices and
inflation; analysis of macroeconomic poll-
cies to stabilize the economy and alieviate the problems of inflation and unemployment.
Prereq: ECON 102, 102
Application of mathematics to problems in economic theory. Topics include an introduction to matrix algebra, differentiation, partial derivatives, optimization techniques including constrained optimization - all Geveloped within thecontext of economic theory.
Prereq: ECON 101, 102
Students who have not taken Grade
' 13 Algebra and Calculus are strongly
advised to take MATH 104.
An introduction to the underlying fogic 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 Registrars Office to determine if credit will be. granted for both courses.
Course Descriptions. 16.41 Economics
introduction to international 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
Methods for evaiuating 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; development theories, industrial structure and national policies analyzed in a Classical-Marxian framework. .
Prereq: ECON 101,. 102°
ECON Wi F.W,S 3 05 Intermediate Microeconomics Theory of modern welfare economics with some applications; the meaning and measurement af economic efficiency and equity and their relationship to economic welfare.
Prereq: ECON 201, 202
Monetary theory and banking in an open
economy; national policies for achieving
full emptoyment, price stability, and
equilibrium in the balance of payments. Prereq: ECON 201, 202, 231
A critical survey of the development of
Economic Theory from Classical Political
Economy to the Keynesian Revolution. Prereq: ECON 201, 202, 231
Mathematica! treatment of some microand macro-partial and general equilibrium models; programming and other techniques; simple growth modets. Prerag: ECON 201, 202. 211 (or MATH 130) Strongly recommended for students who intend to do graduate work in Economics
» 16.42 Course Descriptions Economics
Introductory level course in economet fics; includes economic. model building and testing, regression and correlation analysis, and price indices.
Prereq: ECON 221.
An examination of structural characteristics, development and growth in interregional systems. Integration of regional economic and spatial analysis related to theory and policy through a focus on models such as neoclassical, exportbase, shift-share, stages, cumulativecausation, central-place and core-: periphery. .
Prereq: ECON 231, 201
An examination of structural characteristics, development and growth in interregional systems. Integration of regional economic and spatial analysis related to theory and policy through a focus on models such as neoclassical, exportbase, shift-share, stages, curnulative- - causation, central-place and core-
Prereq: ECON 201, 231
ECON 35 WX O05 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
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.
Prereq: ECON 102, 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 (ECON 201 is recommended)
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
An economic analysis of market structure, behaviour and performance with special reference to the Canadian manufacturing sector. ‘
Prereq: ECON 201
Wage theory, training and mobility theary; economics of information in Canadian labour markets; other investments in human capital; manpower policies, unemployment issues.
Prereq: ECON 201
ECON 102 is recommended
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. Issues : concerning the economic behaviour of Canada’s fishery, forest, fuel and nonfuel mineral industries will be considered.
Prereq: ECON 201
(ECON 241 is recommended.)
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°.
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
One or more’ special half courses will be offered at different times as announced by the Department.
Prereq: Consent of instructor
This course concentrates upon: Wairasian 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, 302
Preference for admission will be given to 4th Year Honours students. Consent of the instructor or undergraduate officer required for other students.
Classical, Keynesian, Monetarist and
New Classical models of macroeco-
nomics; recent contributions to the theory of Consumption, investment, inflation, inflation expectations, unemployment and economic growth.
Prereq: ECON 211, 221, 301, 302 ana ‘permission of the instructor or undergraduate officer for all students who are not registered in the 4th year of an Honours Economics program .
ECON. 403 W 3C 05 Economic Analysis, Forecasting, and Public Policy The course focuses on the problems of forecasting economic activity (as measured by the principat 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
Policy . A discussion of topics in monetary policy. Topics may include: foundations of monetary theory: portfolio choice; term structure of interest rates; money supply and money demand; decisionmaking under uncertainty; capital asset pricing models; financial flow analysis; . rational expectations and monetary . policy. ‘ Preraq: ECON 211, 221, 301 and 302 Recommended: Econ 402, completed or taken- concurrently..
Economics . This course draws on Keynes, Fisher, Kalecki, Wentraub, Minsky and others to Cc e alternatives to current macroeoic theory and policies skeking solu-
tions to problems of stagflation, debt crises, high interest rates and-iagging growth.
Prereq: ECON 301, m2
This. course is primarily for 4th Year General and Honours students. However, M.A. students and 3rd Year students: who meet the prerequisites may also be admitted..
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
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 intemational economic order. Prereq: ECON 301, 302, 331
- ECON 461 F 3S 05 ' Comparative Economic Systems This course concentrates upon the criteria which are relevaht for comparing different economic systems, how well — various forms of economic theory make comparisons, the development of capitalist and. socialist economies, together with the analysis of alternative types of Price system and planning. Prereq: ECON 201, 202
Development
A study of the main tools and models. of modern political economy. Micro and macro tools and concepts, based on the work of Robinson, Sraffa, Kaldor, Pasinetti, Rowthorn, Nell, Sweezy and others are integrated in what can be termed the "Classica!. Marxian” tradition.
Prereq: Consent of instructor
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)
Research and reading courses under
the direction of individual instructors. Admission by consent of instructor.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.
Not offered in 1986–87.