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.
Economics (ECON)
40 courses in the 1987–88 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 1987–88
Associate Professor, Chairman K.M. Bennett, BA, MA (Queen's), PhD (McGill)
Professor, Associate Chairman D. Wilton, BComm (McMaster), PhD (MIT)
Associate Professor, Graduate Officer LP. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
Lecturer, Undergraduate Officer E.W. Lau, BA (Toronto), MA (Manchester)
Professors
Faculty listed in 1987–88
S.K. Ghosh, BSc, MSc (Caicutta), MS, PhD (Wisconsin)
J.H. Hotson, 8A (Colorado College), MA, PhD (Pennsylvania)
“ALR. Kerton, 8Comm (Toronto), MA
Faculty listed in 1987–88
(Carleton), PhD (Duke) L. Needleman, MA (Oxford), PhD (Glasgow) : W.R. Thirsk,’ BA (British Columbia), MA, PhD (Yale), (on leave 1987)
Associate Professors
Faculty listed in 1987–88
A.A. Andrikopoulos, BA (Athens), MA (Wayne State), PhD (Southern Cal fornia).
J.A. Brox, BA (Toronto), MA, PhD: (McMaster)
J.E. Cuenca, LIC (Madrid), MA (Western Michigan), PhD (Toronto)
N.C. Howard, BA, MA (Lancaster), PhD (Leicester)
S.W. Kardasz, BA (Loyola), PhD (Queen's)
R.C. Kumar, BStat, MStat (indian Statistical Institute), MA, PhD (Toronto)
F.M. Nagib, BSc (Washington), MSe (Oregon), PhD (Queen's)
Course Descriptions 16:41 Economics
Faculty listed in 1987–88
W.R. Needham, BComm (Carleton), MA, PhD (Queens) .
K.R. Stollery, BA (Southern California), MA, PhD (Queen's)
Assistant Professors
Faculty listed in 1987–88
R.A. Androkovich, BSc (Lethbridge), MA, PhD (Western Ontario)
R.W. Bodell, BSc (Sydney, Australia), MA, PhD (York)
E. Carvalho, BA, MA, PhD (Waterloo)
T.T. Nguyen, BSc, ChE (California- Berkeley), MA (Simon Fraser), PhD (Western Ontario)
E. Nosal, BA (Queen's), MA (McMaster), PhD (Queen's)
Lecturers
Faculty listed in 1987–88
H. Cutts, BA (Queen's), MA (Princeton)
C. Fader, BA (Windsor), MA (Western Ontario)
G. Stirling, BMath (Waterloo), MA (Guelph)
Adjunct Lecturers
Faculty listed in 1987–88
R.F. Kilimnik, BA (Waterloo), MBA (McMaster)
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 at preregistration and students can confirm the “term offered” with their Depart: mental advisor.
2. The “normal” number of lectures per week in each course is three; however, each instructor determines how often his or her particular class will meet.
3. Additional courses may be offered in the spring term from time to time. Consult departmental listing at time of preregistration.
16:42 Course Descriptions Economics
\ECON 101 FWS 3C 05 tntroduction to Microeconomics 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 distribution..
ECON 201 Microeconomic TheoryF,W,S 3C 0.5
Theory of consumer choice; the economits of production; pricing and output under perfect and imperfect competition.
Prereq: ECON 101
ECON 202 Macroeconomic TheoryF,W,S 3C 0.5
Theory of the determination of the level of national income (GNP), the unemployment rate, interest rates, prices and inflation; analysis of macroeconomic policies to stabilize the economy and alleviate the problems of inflation and unemployment. Prereq: ECON 101, 102
ECON 211 Mathematics of EconomistsF,W 3C 0.5
Application of mathematics to problems in economic theory. Topics include an introduction to matrix algebra, differentiation, partial derivatives, optimization techniques including constrained optimization - 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.
ECON 221 Statistics for EconomistsF,W,S 3C 0.5
An introduction to statistical procedures commonly employed by economists. Topics inctude descriptive statistics, probability distributions, statistical estimation, hypothesis testing and regression analysis.
Prereq: ECON 101, 102
Students who have taken or are taking & 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.
ECON 231 Introduction to InternationalF,W 3C 0.5
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
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
ECON 263 History of Canadian EconomicW 3C 0.5
Development
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 301 Intermediate MicroeconomicsF,W 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
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 equi-
librium in the balance of payments Prereq: ECON 201, 202, 231
ECON 311 Introduction to Mathematical EconomicsF,W 3C 0.5
Mathematical treatment of some microand macro-partial and general equilibrium models; programming and other techniques; simple growth modeis.
Prereq: ECON 201, 202, 211 (or MATH 130B)
Strongly recommended for students who intend to do graduate work in Economics
ECON 321 Introduction to EconometricsF,W 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 and FinanceF,W 3C 0.5
An examination of theories of intemational trade and finance at an intermediate level. Topics include theories of trade structure (Ricardian, Heckscher- Ohlin), the effects of tariffs and multinational corporation behaviours, and adjustment under flexible and fixed exchange rates.
Prereq: ECON 201, 231
ECON 333 Interregional EconomicsW 3C 0.5
An examination of structural characteristics, development and growth in intersystems. Integration of economic and spatial analysis related to theory and policy through a focus on models such as neoclassical, export-base, shift-share, stages, cumulative-causation, centralplace and core-periphery.
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,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 wealth taxes.
Prereq: ECON 102, 201
ECON 343 Urban EconomicsF 3C 0.5
Application of economic analysis to urban and metropolitan areas. Topics include location decisions of households and firms, structure and growth of cities, land and housing market, urban transportation market, urban labour market, and urban public finance - all developed within the context of economic theory. Policy issues will be stressed.
Prereq: ECON 101
(ECON 201 is recommended)
ECON 344 Consumer TheoryF 3C. 0.5
Economic principles for consumer analysis; market responsiveness; conditions causing problems; public and private consumption; alternative economic policies.
Prereq: ECON 201
ECON 345 Industrial OrganizationW 3C 0.5
An economic analysis of market structure, behaviour and performance with special reference to the Canadian manufacturing sector.
Prereq: ECON 201
ECON 351 Labour EconomicsW 3C 0.5
A study of the supply of labour by individuals and the demand for labour by firms; investment in human capital; trade unions; internal labour markets.
Prereq: ECON 201
ECON 102 is recommended
ECON 353 Population EconomicsF 3C 0.5
Population objectives; demographic tech-
niques; economic interrelationships with fertility, mortality and migration; determinants and consequences of current world population changes.
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. 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.)
ECON 363 Contemporary Canadian Problems 1,2W 3C 0.5/0.5
A “topic oriented” seminar course. Problems are selected from a list that includes regulatory economics, poverty, unemployment, industrial policy, safety and so forth. The format assists the student in gaining analytical skill through work on the selected topics.
Prereq: ECON 201, 202
ECON 365 Economic Development of ModernW 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
ia
ECON 381 Special Topics-388 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
‘
ECON 401 Advanced Microeconomic TheoryF,W,S 3C 0.5
This course considers a number of advanced topics at the forefront on modern microeconomics. Such areas may include different forms of general equilibrium analysis, the microfoundations of macroeconomics, the treatment of uncertainty in economics.
Prereq: ECON 221, 301, 302
Preference for admission will be given to fourth-year Honours students. Consent of the instructor or undergraduate officer required for other students.
ECON 402 Advanced Macroeconomic Theory Classical, Keynesian, Monetarist andF,W 3C 0.5
New Classical models of macroeconomics; recent contributions to the theory of consumption, investment, inflation, inflation expectations, unemploy- - ment and economic growth.
Prereq: ECON 211, 221, 391, 302 and permission of the instructor or undergrad uate 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 principal macroeconomic variables), and of designing and implementing policies to contro! 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
ECON 404 Advanced Monetary Theory and Policy 'W 3C 05 |
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; decision-making under uncertainty; capital asset pricing models; financial flow analysis; rational expectations and monetary policy. Prereq: ECON 211, 221, 301 and 302 Recommended: Econ 402, completed or taken concurrently.
Course Descriptions © 16:43 Economics
ECON 406 Keynes and Post Keynesian Economics This course draws on Keynes, Fisher,F 3S 0.5
Kalecki, Wentraub, Minsky and others to explore alternatives to current macroeonomic theory and policies seeking solutions to problems of stagflation, debt crises, high interest rates and lagging growth.
Prereq: ECON 301, 302
This course is primarily for fourth-year General and Honours students. However, M.A. students and third-year students who meet the prerequisites may also be admitted.
ECON 410 Economic ThoughtF 3C 0.5
A critical survey of the development of
Economic Theory from Classical Political
Economy to the Keynesian Revolution. Prereq: ECON 231, 301, 302
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 microand macro-economics; empirical models. Prereq: ECON 201, 202, 211, 221, 321
ECON 431 International Economic PolicyW 3C 0.5
Analysis of selected policy problems of open economics from an institutional perspective. Topics include GATT and trade policy, customs union, new interna: tional economic order, multinational firms, exchange rate management and international monetary reform.
Prereq: ECON 301, 302, 331
ECON 461 Comparative Economic SystemsF 3S 0.5
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 with the analysis of alternative types of price system and planning.
Prereq: ECON 201, 202
ECON 463A4/B Studies in Political Economy
Either ECON 463A or ECON 4636 will be offered in the Winter term. Check departmental listing on course offering.
16:44 Course Descriptions
ECON 463A Political Economy of Capitalist DevelopmentW 3S 0.5
A study of the main tools and models of modem 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 “Classical Marxian” tradition.
: Prereq: Consent of instructor or undergraduate officer
ECON 463B The Political Economy of SocialismW 3C 0.5
An examination of programs for the creation of socialist economy based on the work of Horvat, Nove, Madvedev and others.
Prereq: Consent of instructor or undergraduate officer
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)
ECON 481 Special Studies-489 3S 0.5 each
Research and reading courses under the
direction of individual instructors. Admission by consent of instructor.
ECON 411 Mathematical Economics
Not offered in 1987–88.
ECON 441 Economics of the Public Sector 1
Not offered in 1987–88.
ECON 442 Economics of the Public Sector 2
Not offered in 1987–88.