Office of the Registrar
Sir Wilfred Grenfell College (2008/2009)
11.9 Economics


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.

PR: Economics 2010


Intermediate Micro Theory I

is the basic microeconomic theory course; consumer demand, indifference curve analysis, theory of production and cost, factor substitution, and the theory of the firm under perfect competition and monopoly.

PR: Economics 2010 and Economics 2020


Intermediate Macro Theory I

is aggregate analysis including consumer, investment, government and international sectors, the role of money, determinants of aggregate supply, and the effects of autonomous behavioural changes and fiscal and monetary policies on unemployment, price levels and the balance of payments.

PR: Economics 2010 and Economics 2020


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.

PR: Economics 2010 and Economics 2020


Economic Forecasting: Methods and Applications

aims to present the statistical techniques that are useful for preparing individual business forecasts and long-term business plans by focussing on the application of techniques used by managers in the decision-making process. It involves exploring data patterns, data mining, linear regression, time series, and managing forecasting processes.

Prerequisite: Economics 2550


Knowledge of the basic operations of spreadsheets is recommended


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.

PR: Economics 2010 and Economics 2020


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.

PR: Economics 2010 and Economics 2020


Mathematical Economics I

examines linear algebra and differential calculus, with applications to economics.

PR: Mathematics 1000 or equivalent with a "B" standing, or Mathematics 2050 and Economics 2010 and Economics 2020


Economics of Development in Less Developed Countries

is a problem and policy approach to the economics of development, with emphasis on the issues of poverty, inequality and unemployment. General economic principles, theories and models are examined in the context of less developed economies, and global, institutional and structural implications are drawn.

PR: Economics 2010 and Economics 2020


Economic Planning and Development

is the examination of issues in the theory and practice of planning, principles of plan implementation, incentives in a planned economy and models of planning. Alternative approaches to planning are considered, e.g., traditional central planning, indirect financial planning, indicative planning, and economic development planning.

PR: Economics 2010 and Economics 2020

AR = Attendance requirement; CH = Credit hours are 3 unless otherwise noted; CO = Co-requisite(s); CR = Credit can be retained for only one course from the set(s) consisting of the course being described and the course(s) listed; LC = Lecture hours per week are 3 unless otherwise noted; LH = Laboratory hours per week; OR = Other requirements of the course such as tutorials, practical sessions, or seminars; PR = Prerequisite(s); UL = Usage limitation(s).