Office of the Registrar
Sir Wilfred Grenfell College (2009/2010)
12.9 Economics

2010

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.

2020

Introduction to Macroeconomics

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

PR: Economics 2010

3000

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

3010

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

3030

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

3050

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. Knowledge of the basic operations of spreadsheets is recommended.

PR: Economics 2550

3070

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

3085

Issues in Ecological Economics

aims to explore the dynamic interaction between the economic system and the ecological system that sustains it by using trans-disciplinary theoretical approaches and methodologies. The main focus of this course will be on Ecological Economics concepts such as low and high entropy, biotic and abiotic goods and services, stock-flow resources, carrying capacity, throughput, co-evolution, sustainable scale, use value, and their applications in a problem-solving context.

CO: Economics 2010 and Economics 2020

CR: Environmental Studies 3085, Environmental Studies 4020, and the former Environmental Studies 3010

PR: Economics 2010 and Economics 2020

3150

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

3550

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

4010

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

4011

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).