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Sir Wilfred Grenfell College (2006/2007)
10.9 Economics

Economics 2010 and 2020 are prerequisites for all other Economics courses except Economics 2070.


Introduction to Microeconomics I

is scarcity and opportunity cost. Demand and supply. Elasticity. Household demand: marginal utility. Household demand: indifference curves. Production functions. Short-run and long-run cost functions. Perfect competition in the short run and the long run. Monopoly.


Introduction to Macroeconomics

is national income accounting, aggregate income analysis, money, banking and foreign trade.


International Economics - Issues and Problems in a Canadian Context

is an intermediate course in international economics. The course covers the theory of comparative advantage, the structure and policy issues of the Canadian balance of payments, the foreign exchange market and the institutional aspects of international commerce.


The Structure and Problems of the Newfoundland Economy

is an analysis of the structure of the economy of Newfoundland. Basic economic theory will be applied to current economic issues and problems in Newfoundland.


Money and Banking

is the operation of the money and banking system, with special emphasis on Canadian problems. Monetary theory will be treated in relation to income theory and foreign trade.