50 courses in the 1992–93 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Undergraduate Officer E.W. Lau, HH 219, ext. 2636
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 ECON 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 may be cancelled in 1992-93. Consult departmental listing at time of preregistration for deletions or additional course offerings.
An introduction to the central economic problems of society, the functioning of a mixed enterprise system, the economic role of goverment, the composition of and pricing of national output, pricing of productive factors, and income distribution.
Prereq: “M’ sections only: Grade 13 or OAC calculus. When appropriate, calculus and algebra will be used in “M” sections
An introduction to the determination of national income, unemployment (and inflation), interest rates, the exchange rate, monetary and fiscal policy.
Prereq: “M” sections only: Grade 13 or OAC calculus. When appropriate, calculus and algebra will be used in “M” sections
“ECON 201 FW.S 3C 0.5
Microeconomic Theory
Theory of consumer choice; the eco-
nomics of production; price and output
under perfect and imperfect competition. Prereq: ECON 101
Theory of the deterrhination of the level of national income (GDP); 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 and 102
Technical, ideological and social aspects of production, distribution and employment in the evolution of capitalism. interdependencies in commodity and labour markets, monopoly power, instabitity, alienation, and the contradictions of capitalist and democratic governance. The ‘moral society’ and prescriptions for social change.
Prereq: ECON 101 or instructor's consent
Social class, power, institutions, and system-specific and other values in explanation and evaluation of the effects of capitalist governance on aggregate production, employment, income distribution and prices. The state, fiscal and monetary policy and the control of unemployment and inflation. Macro-level insights into the ‘moral society’ and prescriptions for social change.
Prereq: ECON 102 or instructor's consent
Application of mathematics to problems in economic theory. Topics include an introduction to matrix algebra, differentiation, partial derivatives, optimization techniques including constrained optimization — ali developed within the context of economic theory. Prereq: ECON 101, 102, at least MATH 1118 and MATH 113A or equivalent
Students who have taken or are taking a course in mathematics should check with their Undergraduate Officer to determine if credit will be granted for both courses.
Students should complete ECON 211 before taking third-year level Honours ECON courses.
The role of entrepreneurship in the economy, especially with respect to competition, innovation and investment; historical experience, theoretical framework, market dynamics, public policy and practical applications.
Prereq: ECON 101 and 102, or equivalent
An introduction to statistical procedures commonly employed by economists. Topics include descriptive statistics, probability distributions, sampling, statistical estimation, hypothesis testing. and simple regression analysis.
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.
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
Pricing and employment of inputs; general equilibrium theory; theory of modem welfare economics with some applications. Intertemporal choice.
Prereq: ECON 201, 202
A continuation of study of macroeconomic theary including the determination of the lavel of national income, the unemployment rate, interest rates, prices and inflation, and a study of macroeconomic policy. Dynamic and intertemporal analysis may be used.
Prereq: ECON 201, 202
A discussion of topics in finance and finan-
cial markets. Topics may include imple-
mentation of monetary policy in Canada.
the demand for money; efficiency of finan-
cial markets; futures and options markets.
pricing of financial assets; immunization
and durations; global financial markets. Prereq: ECON 201, 202
Course Descriptions Economics
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
Formerly ECON 263
Mathematical treatment of partial and general equilibrium models. Topics usually include some of the following: duality, applications of the envelope theorem, discussion of sufficiency conditions for optimisation problems, programming, and growth models.
Prereq: ECON 201, 202, 211 (or MATH 130B/138)
Strongly recommended for students who intend to do graduate work in Economics
Students who have taken or are taking a course of similar content in the Faculty of Mathematics should check with their Undergraduate Officer to determine if credit will be granted for both courses.
An introductory course in the theory and practice of econometrics, focusing on multiple regression and associated topics, e.g. muiticollinearity, heteroscedasticity, serial correlation, errors in variables, etc. Computer assignments would be part of the course.
Prereq: ECON 221
Students who have taken or are taking a course of similar content in the Faculty of Mathematics should check with their Undergraduate Officer to determine if credit will be granted for both courses.
An examination of theories of international trade at an intermediate level. Topics include the gains from trade, theories of trade determination (Ricardian, Heckscher-Ohlin, increasing returns to scale), the effects of tariffs, the gains from trade, multinational corporation behaviour and factor mobility.
Prereq: ECON 201
16:49
An analysis of the main issues in international finance. Topics include intemational borrowing and lending, intertemporal gains from trade, current account and balance of trade movements, the determination of exchange rates and foreign exchange markets.
Prereq: ECON 201, 202
An economic analysis of regional developments: theories and policies, with special reference to Canada.
Prereq: ECON 201
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; the structure and economic effects of public expenditures and revenues; the analysis of income, consumption and wealth taxes.
Prereq: ECON 102, 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
(ECON 201 is recommended)
Economic principles for consumer analy-
sis; market responsiveness; conditions
causing problems; public and private con-
sumption; 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
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 economic behaviour of Canada’s fishery, forest, fuel and nonfuel mineral industries will be considered.
Prereq: ECON 201
lems of the environment, in particular, air, water, and tand pollution. Emphasis is on the theory of the management of common property resources.
Prereq: ECON 201
Methods for evaluating private and public projects; decision rules, efficiency conditions and methods of conducting costbenefit 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 other. The format assists the student in gaining analytical skill through work on the selected topics.
Prereq: EGON 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
Course Descriptions Economics
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 tor admission will be given to fourth-year Honours Economics students. Consent of the instructor or Undergraduate Officer required for other Students
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 fourth 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 review 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; capita! 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, MA 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
Mathematical formulation of economic theory; introduction to dynamic optimisation and optimal control theory; analysis of stability conditions; introduction to linear and nonlinear programming, game theory. Prereq: ECON 301, 302, 311
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 simuttaneous equation; tegression models of micro- and macroeconomics; 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, multinational firms, exchange rate management and international monetary reform.
Prereq: ECON 301, 302
This course will examine topics in public expenditure and taxation theory. Potential topics are: public choice; social choice, the theory of second best; assymetric information, incentive mechanisms for preference revelation; incentive effects of taxation; transfers to individuals and social security; and multi-goverjnmental public finance. Topics covered will vary from year to year. Prereg: ECON 301, 302, 341
This course concentrates upon the criteria which are relevant for comparing different economic systems, how weil 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
Antireq: Students may not take both ECON 461A and ECON 4618 for credit
This course considers the formation and development of the command economy in the Soviet Union, together with the current restructuring taking place.
Prereq: ECON 201, 202
Antireq: Students may not take both ECON 461A and 461B for credit
ECON 4634/B Studies in Political Economy
Either ECON 463A or ECON 4638 will be offered in the Winter term. Check departmental listing on course offering. See course clescriptions below.
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
An examination of programs for the creation of socialist economy based on the work of Horvat, Nove, Medvedev and others.
Prereq: Consent of instructor or Undergraduate Officer
Course Descriptions Economics
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, intemational trade, industrial organization, economic history, economic development, and fixed-price equilibria.
Prereq: ECON 211, 301
(ECON 311, 331, or 341 are recommended)
An advanced discussion of selected topics in macroeconomic theory, policy and empirical research. Seminar topics include the role of stabilization policy, the usefulness of incomes policy and evaluation of Monetarism as practiced by the Bank of Canada.
Prereq: ECON 302, 321
Research and reading courses under the
direction of individual instructors. Admission by consent of instructor. See
ECON Undergraduate Officer for course
registration.
Not offered in 1992–93.
Not offered in 1992–93.