54 courses in the 1993–94 Undergraduate Calendar, read from the scanned original. The text comes from OCR, so check the scanned page before relying on a detail.
Upon completion of CHINA 201R and 202R, the student should have a reading vocabulary of 1,000 to 1,500 Chinese characters and a writing vocabulary of 700 to 1,000 characters.
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 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
Theory of consumer choice; the eco-
nomics of production; price and output
under perfect and imperfect competition. . Prereq: ECON 101
Theory of the determination of income/
output (GDP), employment, unempioy-
ment, prices (inflation), and interest rates.
an analysis of monetary and fiscal policy. 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, instability, 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 govemance on aggregate production, employment, income distribution and prices. The state, fiscal and monetary poli-
Course Descriptions Economics
cy 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
Economics . 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, and MATH 107
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 MATH 107.
Students should complete ECON 211 in the second year.
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, 102
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.
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 modern welfare economics with some applications. Intertemporal choice.
Prereq: ECON 201, 202
The course develops and analyses simple models of the economy that recognize explicitly the dynamic nature of decision making and market interactions. These models will be used to interpret and understand macroeconomic phenomena including money and inflation, unemployment, savings and investment, and the national debt.
Prereq: ECON 201, 202, 211
Coreq: ECON 301
A discussion of topics in finance and finan-
ciat 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 (Recommended: ECON 231 or 332)
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
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 and MATH 125
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 analysis and associated topics such as multicollinearity, heteroskedasticity and serial correlation. Simultaneous equation models will also be introduced. Computer assignments make up 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 retums to scale), the effects of tariffs, the gains from trade, multinational corporation behaviour and factor mobility.
Prereq: ECON 201
An analysis of the main Issues in international finance. Topics include international 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 development: 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
Couree Descriptions Economics
Application of economic analysis to urban areas. Topics include location decisions of househokis and firms, structure and growth of cities, land and housing market, transportation market, labour market, and public finance — all developed within the context of economic theory. Policy issues will be stressed.
Prereq: ECON 101
(Recommended: ECON 201)
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 unions) and the demand for labour by firms; topics include the labour market effects of social assistance, unemployment insurance and minimum wages, discrimination in the labour market, efficient wage contracts, the determinants of wage inflation and unemployment. Prereq: ECON 201, 202
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
Application of economic theory to problems of the environment, in particular, air, water, and land pollution. Emphasis is on the theory of the management of common property resources.
Prereq: ECON 201
16:49
Methods for evaluating private and public projects; decision rules, efficiency conditions and methods of conducting costbenefit analysis. Application of the technique.
Prereq: ECON 201
A “topic oriented” seminar course. Problems are selected from a list that includes regulatory economics, poverty, unemployment, industrial policy, safety and others. The format assists the student in gaining analytical skills 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
The course considers a number of advanced topics at the forefront of modem microeconomics. Possible topics: uncertainty, equilibrium analysis, market structures.
Prereq: ECON 211, 301
(Recommended: ECON 311)
Preference for admission will be given to fourth-year Honours Economics students. Consent of the instructor or Undergraduate Officer required for other students.
The course considers a number of advanced topics at the forefront of modem macroeconomics. Possible topics include growth, business cycle theory, search theory and co-ordination failures. Prereq: ECON 301, 302 (Recommended: ECON 311) Preference for admission will be given to fourth-year students. Consent of the instructor or Undergraduate Officer required for other students.
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; capital asset pricing models; financial flow analysis; rational expectations and monetary policy.
Prereq: ECON 211, 221, 301, 302
(Recommended: ECON 402, completed or taken concurrently.)
Kalecki, Weintraub, Minsky and others to explore altematives 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 the- Ory; 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
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, 321
Advanced treatment of topics covered in ECON 321 through the extensive use of matrix algebra and statistical theory. A review of required matrix algebra and statistical theory will be part of the course. Topics covered will include classical linear models and associated problems such as multicollinearity, functional form, heteroskedasticity and autocorrelation; restricted least squares; generalized least squares; and introduction to simultaneous equations.
An applied topics course involving extensive use of computers, requiring the completion of a term project. While topics covered will vary with the instructor's interests, they will normally be drawn from the following: estimation of stochastic linear regression models; distributed lags and time series models; identification and estimation of simultaneous equations; non-linear estimation; maximum likelihood method; pooling cross-sections and time series; limited dependent variable models; and specification issues.
Analysis of selected policy problems of open economies from an institutional perspective. Topics include GATT and trade policy, customs unions, 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-governmental public finance. Topics covered will vary from year to year. Prereq: ECON 301, 341
This course concentrates on 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 483A/B Studies in Polktical Economy
Either ECON 463A or ECON 4638 will be offered in the Winter term. Check
departmental listing on course offering. See course descriptions below.
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, Rowthom, 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
Basic concepts and techniques of computable genera! equilibrium modelling, fixed-point theory and algorithm, data and calibration, system sensitivity, applications in various fields of economics, ¢.g., taxation, international trade, industrial organization, economic history, economic development, and fixed-price equilibria. Prereq: ECON 211, 301 (Recommended: ECON 311, 331, or 341)
An advanced discussion of selected topics in macroeconomic theory, policy and empirical research. Seminar topics include the rote 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 1993–94.
Not offered in 1993–94.
Not offered in 1993–94.
Not offered in 1993–94.
Not offered in 1993–94.