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2012-2013 Calendar Proof
ECONOMICS
Note: See beginning of Section F for abbreviations, course numbers and coding.
ECON 1004
Economics and Society (O)
3 ch (3C)
Designed for students who do not intend to major in economics. Examines the working of
the market system, competition policy, price supports and regulation, labour markets and
unions, and social issues. Note: BBA students cannot take this course for credit. Students
with credit for ECON 1013 orECON 1073 , or taking those courses, cannot take this course
for credit.
ECON 1013
Introduction to Microeconomics
3 ch (3C)
Concerned with how modern mixed economies operate. Behaviour of consumers and
business firms. Theory of the firm, production, costs and market structures, and
distribution.
ECON 1023
Introduction to Macroeconomics
3 ch (3C)
Concerned with the causes of unemployment and inflation, the determination of total
output, investment, and interest rates. Stabilization policies, exchange rates and balance of
payments.
ECON 1073
Economics for Engineers
3 ch (3C)
An introductory course for students in Engineering and Computer Science. Topics include
theory of markets, production, costs, externalities, and the macroeconomics of aggregate
output determination and growth. Note: Credit will not be given for both ECON 1073
and ECON 1013 / 1023
ECON 2013
Intermediate Microeconomics
3 ch (3C)
This course develops material from ECON 1013 . Applications of microeconomic theory are
emphasized. Prerequisite: ECON 1013 .
ECON 2023
Intermediate Macroeconomics
3 ch (3C)
This course develops material from ECON 1023 . Applications of macroeconomic theory are
emphasized. Prerequisite: ECON 1023 .
ECON 2091
Contemporary Issues in the Canadian Economy I
(O)
3 ch (3C)
Concerned with current issues in the Canadian Economy. Topics may include public policy
towards unemployment, inlfation, foreign investment, poverty, income distribution and
regional development. Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073
ECON 2092
Contemporary Issues in the Canadian Economy II
(O)
3 ch (3C)
Analysis of specific economic phenomena in Canada. Prerequisites: ECON 1013 and ECON
1023 ; or ECON 1073 .
ECON 2103
Financial Institutions and Markets
3 ch (3C)
An introduction to the microeconomic aspects of monetary theory and policy. Topics include
how money is defined and measured, portfolio theory, theories of the interest rate, the
determination of the money supply, and bank regulation. Prerequisites: ECON
1013 and ECON 1023 ; or ECON 1073 .
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ECON 2213
Poverty, Inequality and Income Redistribution (O)
3 ch (3C)
Definition, extent and causes of poverty. Distribution of income and wealth in Canada and
abroad. Rationales for and effectiveness of income redistribution policies.
Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073 .
ECON 3013
Microeconomics I
3 ch (3C)
The theory of consumer demand and of production costs. The elementary theory of the
firm: pure competition and pure monopoly; an introduction to monopolistic competition and
oligopoly. Prerequisite: ECON 2013 and one of: MATH 1853 (with MATH 2853 strongly
recommended), MATH 1003 , or permission of the instructor.
ECON 3023
Macroeconomics I
3 ch (3C)
A study of the standard macroeconomic models of closed and open economies.
Macroeconomic problems, such as unemployment, inflation, and balance of payment
disequilibria are examined. Alternative stabilization policies are evaluated with reference to
the Canadian economy. Prerequisite: ECON 2023 and one of: MATH 1853 (with MATH
2853 strongly recommended), MATH 1003 , or permission of the instructor.
ECON 3091
Urban Economics (O)
3 ch (3S)
An introduction to the economic analysis of the development of urban areas. Topics include
the evolutionary development of cities, the location of cities and of activities within them,
and theories of urban growth. Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073
ECON 3099
History of Economic Thought (O)
3 ch (3C)
A study of the major contributions to economic analysis from Adam Smith to Alfred
Marshall. Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073 .
ECON 3114
International Financial Institutions and Markets
3 ch (3C)
An introduction to the Macroeconomic aspects of monetary theory and policy. Topics include
how the Central Bank influences the interest rate and inflation rate, the demand and supply
for money, international financial markets, and international banking. Prerequisite: ECON
2103 or permission of the instructor.
ECON 3213
Public Sector Economics (A)
3 ch (3C)
The nature and role of the public sector in a market economy. Topics include taxation and
government expenditure and their effects on the allocation of resources and the distribution
of income, and the growth of the public sector. Prerequisites: ECON 1013 and ECON 1023;
or ECON 1073. NOTE: Credit will be granted either for ECON 3213 or for ECON
3203 / ECON3233 .
ECON 3375
Labour Economics (O)
3 ch (3C)
Determinants of labour supply and demand. Includes structure of wages, male-female
earnings differentials, employment insurance, unions, strikes, and labour relations.
Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073 .
ECON 3401
International Trade & Trade Policy (O)
3 ch (3C)
The principles of international trade, and issues in trade policy; NAFTA and other trade
agreements. Prerequisites: ECON 1013 or ECON 1073 , andECON 1023 .
ECON 3412
International Macroeconomics and Finance
3 ch (3C)
The economics of exchange rate determination, the balance of payments, international
borrowing and lending. Role of international financial institutions. Prerequisite: ECON
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2023 .
ECON 3531
International Development (O)
3 ch (3C)
Development theory at both sectoral and aggregate level; analysis of growth, employment,
distribution of income, intersectoral investment allocation, and investment in human capital.
Prerequisites: ECON 1013 and ECON 1023 ; or ECON 1073 .
ECON 3542
Topics in International Development (O)
3 ch (3C)
An analysis of the international dimension of economic problems faced and policies adopted
by developing countries of Asia, Latin America, and Africa. Topics include: international
trade, direct foreign investment, technology transfer, regional economic blocks, structural
liberalization, debt and development financing, high rate of population growth and
exhausting of natural resources. Prerequisites: ECON 1013 and ECON 1023 ; or ECON
1073 .
ECON 3613
Game Theory
3 ch (3C)
An introduction to game theory - a type of applied mathematics that describes strategic
behaviour. Examples will be drawn from economics, political science, sociology and biology.
This interdisciplinary course is open to students who have successfully completed 15 term
courses(45 ch) or by permission of the instructor.
ECON 3665
Mathematical Economics
3 ch (3C)
A course in economic theory concerned with topics in micro-and macroeconomics. Emphasis
is on the use of mathematics in the development of economic theory, particularly calculus
and matrix algebra. Prerequisites: ECON 2013 , 2023 . Also, Mathematics requirement for
Majors must be completed before a student is admitted.
ECON 3702
Cost Benefit Analysis (O)
3 ch (3S)
Comparative study of costs and benefits and the impact of public projects and policy
initiatives. Prerequisites: ECON 1013 or ECON 1073 , and ECON 1023 .
ECON 3755
Environmental Economics (A)
3 ch (3C)
Examines interaction of ecological and economic systems, considering population growth,
food supply, non-renewable resources. Prerequisites: ECON 1013 or ECON 1023 ; or ECON
1073 .
ECON 3835
Market Strategies and Organization (O)
3 ch (3C)
The analysis of market structure, firm strategy and performance, and public policy issues.
Prerequisite: ECON 2013 .
ECON 4035
Macroeconomics II
3 ch (3C)
Advanced course in macroeconomic theory and analysis, with emphasis on the theory of
investment, consumption, money and employment. Neoclassical monetary equilibrium, and
the Keynesian and post-Keynesian models. Prerequisite: ECON 3023 .
ECON 4045
Microeconomics II
3 ch (3C)
Topics may include theories of imperfect competition, search and information, market
failures, property rights, simple general equilibrium models. Prerequisite: ECON 3013 .
ECON 4645
Introduction to Applied Econometrics (O)
3 ch (3S)
The objective of the course is to explain the problems and issues associated with empirical
measurement of economic relationships, and an assessment of the techniques by which
2012-2013 Calendar Proof
those problems may be solved. Prerequisites: STAT 1793 and STAT 2793 (or equivalent),
and 4 term-courses in Economics.Note: Credit will not be given for both ECON 4645
and STAT 4703 .
ECON 4998
Topics in Economics I (O)
3 ch (3WS/S)
Directed study/reading programs. Workshops or seminars will be held as required. Students
should apply to the Department in September or January for permission to take this course.
Prerequisites: ECON 2013 and ECON 2023 .
ECON 4999
Topics in Economics II (O)
3 ch (3WS/S)
Directed study/reading programs. Workshops or seminars will be held as required. Students
should apply to the Department in September or January for permission to take this course.
Prerequisites: ECON 2013 and ECON 2023 .