49 courses in the 1988–89 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Professor, Chairman
D. Wilton, BComm (McMaster), PhD (MIT)
Associate Professor, Associate
Chairman, Graduate Affairs
L.P. Fletcher, BComm (Mount Allison), AM, PhD (Brown)
Professor, Associate Chairman.
Undergraduate Affairs
R.R. Kerton, BComm (Toronto), MA (Carleton), PhD (Duke)
Professors
S.K. Ghosh, BSc, MSc (Calcutta), MS, PhD (Wisconsin)
J.H. Hotson, BA (Colorado College), MA, PhD (Pennsylvania)
L. Needleman, MA (Oxford), PhD (Glasgow)
W.R. Thirsk,’ BA (British Columbia), MA, PhD (Yale), (on leave 1988)
Associate Professors
A.A. Andrikopoulos, BA (Athens), MA (Wayne State), PhD (Southern California) —
K.M. Bennett, BA, MA (Queen's), PhD (McGill)
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 (Loyola), PhD (Queen's)
R.C. Kumar, BStat, MStat (Indian Statistical Institute), MA, PhD (Toronto)
Course Descriptions 16:41 Earth Sciences Economics
F.M. Nagib, BSc (Washington), MSc (Oregon), PhD (Queen's)
W.R. Needham, BComm (Carleton), MA, PhD (Queen's)
K.R. Stollery, BA (Southern California), MA, PhD (Queen's)
Assistant Professors
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 (Berkeley), MA’ (Simon Fraser), PhD (Western Ontario)
E. Nosal, BA (Queen's), MA (McMaster), PhD (Queen's)
Lecturers
H. Cutts, BA (Queen's), MA (Princeton)
C. Fader, BA (Windsor), MA (Western Ontario)
B. Kwok, BA (McMaster), MA (Western Ontario)
E. Lau, BA (Toronto), MA (Manchester)
G. Stirling, BMath (Waterloo), MA (Guelph)
Adjunct Faculty L. Smith, BA, MA (Waterloo)
Faculty Member of Economics holding a cross appointment to: School of Accountancy
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 “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. .
4. Due to sabbatical leaves, some courses normally offered will be cancelled in 1988-89. Consult depart: mental listing at time of preregistration for additional course offerings.
16:42 Course Descriptions Economics
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.
Prereq: “M” sections only: Grade 13 or OAC in algebra or calculus. When appropriate, calculus and algebra will be used in “M’ sections.
Determination of national income; the banking system; government fiscal and monetary policy; international trade and finance; and current economic problems.
Prereq: “M” sections only: Grade 13 or OAC in algebra or calculus. When appro- Priate, calculus and algebra will be used in “M" sections
economics, with emphasis on theory, practical applications and public policy. This is a one term course for students holding a credit in economics.
Prereq: OAC in Economics
Antireq: Student may not take both ECON 150 and ECON 101 and/or ECON 102 for credit
Theory of consumer choice; the
economics of production; pricing and
output under perfect and imperfect
competition; pricing of inputs. Prereq: ECON 101 or 150
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; or 150
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; or 150 Students who have not taken Grade 13 or OAC algebra and calculus are strongly advised to take MATH 104.
An introduction to statistical procedures commonly employed by economists. Topics include descriptive statistics, probability distributions, statistical estimation, hypothesis testing and regression analysis. Prereq: ECON 101, 102; or 150 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.
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 150
Theory of modern welfare economics
with some applications; the meaning and
measurement of economic efficiency and
equity. General equilibrium theory. Prereq: ECON 201, 202
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
Development
A study of the economic development of
Canada; development theories, industrial
structure and national policies analysed
in a Classical-Marxian framework. Prereq: ECON 101, 102 or 150 Formerly ECON 263
Mathematical treatment of some microand macro-partial and general equilibrium models; programming and other techniques; simple growth models.
Prereq: ECON 201, 202, 211 (or MATH 130B)
Strongly recommended for students who intend to do graduate work in Economics
Introductory level course in economettics; includes economic model building and testing, regression and correlation analysis, and price indices.
Prereq: ECON 221
An examination of theories of international trade and finance at an intermediate level. Topics include theories of trade structure (Ricardian, Heckscher- Ohlin), the effects of tariffs and multinational corporation behaviour, and adjustment under flexible and fixed exchange rates.
Prereq: ECON 201, 231
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
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 or 150, 201
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 or 150
(ECON 201 is recommended)
Economic principles for consumer analysis; market responsiveness; conditions causing problems; public and private consumption; alternative economic policies.
Prereq: ECON 201
An economic analysis of market structure, behaviour and performance with special reference to the Canadian manufacturing sector.
Prereq: ECON 201
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
Population objectives; demographic tech-
niques; 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
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
Formerly ECON 241
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
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, or 150
One or more special half courses will be offered at different times as announced by the Department.
Prereq: Consent of instructor
This course considers a number of advanced topics at the forefront on modern microeconomics. Possible Topics: Uncertainty, equilibrium analysis, market structures.
Prereq: ECON 211 or equivalent, 301
(311 is recommended)
Preference for admission will be given to fourth-year Honours Economics students. Consent of the instructor or undergraduate officer required for other students.
Course Descriptions 16:43 Economics
New Classical models of macroeconomics; recent contributions to the theory of consumption, investment, inflation, inflation expectations, unemployment and economic growth.
Prereq: ECON 211 or equivalent, 221, 301, 302 and permission of the instructor or undergraduate officer for all students who are not registered in the 4th year of an Honours Economics program
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 teview of current forecasting models, problems associated with lags of the impact of policies.
Prereq: ECON 301, 302, 321
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.
Kalecki, Weintraub, Minsky and others to explore alternatives to current macroeconomic 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.
A critical survey of the development of
Economic Theory from Classical Political
Economy to the Keynesian Revolution. Prereq: ECON 231, 301, 302
16:44 Course Descriptions Economics
from the beginnings of organized settlement to the crises of the early 1970's, with special emphasis on the methods and techniques applied by the New Economic Historians since 1958.
Prereq: ECON 201, 202 and 321
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
Analysis of selected policy problems of open economics from an institutional perspective. Topics include GATT and trade policy, customs union, new international economic order, multinational firms, exchange rate management and international monetary reform.
Prereq: ECON 301, 302, 331
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 463A/B Studies in Political Economy
Either ECON 463A or ECON 4638 will be offered in the Winter term. Check departmental listing on course offering.
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 “Classical Marxian” tradition.
Prereq: Consent of instructor or undergraduate officer
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
Basic concepts and techniques of computable general equilibrium modelling, fixed-point theory and algorithm, data and calibration, system sensitivity, applications in various fields. of economics, e.g., taxation, international trade, industrial organization, economic history, economic development, and fixed-price equilibria.
Prereq: ECON 211, 301
(ECON 311, 331, or 341 are reconr mended)
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 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.
Not offered in 1988–89.