Office of the Registrar
Grenfell Campus (2012/2013)
10.9 Economics

Economics courses are designated by ECON.

2010

Introduction to Microeconomics I

examines 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

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

2550

Economic Statistics and Data Analysis

is an analysis of economic statistics and the use of economic data. A course designed to introduce students to the task of economic data collection, description and analysis. Emphasis will be on interpretation and analysis of data using computer software programs.

PR: ECON 2010, ECON 2020, and Statistics 2500 or equivalent.

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: ECON 2010 and ECON 2020

3001

Intermediate Micro Theory II

is a continuation of basic microeconomic theory; the theory of imperfect competition, theory of factor pricing under various market structures, general equilibrium and welfare economics.

PR: ECON 3000

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: ECON 2010 and ECON 2020

3011

Intermediate Macro Theory II

is a consideration of modern theories of macroeconomics, dynamics, empirical evidence and simulation of the national economy. Emphasis on the availability and effectiveness of government policy instruments.

PR: ECON 3010

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: ECON 2010 and ECON 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 focusing 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: ECON 2550

3080

Natural Resource and Environmental Economics

is application of economic analysis to renewable and nonrenewable natural resource industries such as the fishery, forestry, and mining. Emphasis is given to the criteria for optimal resource use under various market structures and their implications for public policy. Issues of environmental resource management and pollution control will also be covered.

PR: ECON 2010 and ECON 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: ECON 2010 and ECON 2020

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

PR: ECON 2010 and ECON 2020

3150

Money and Banking

examines 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: ECON 2010 and ECON 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 ECON 2010 and ECON 2020

3551

Mathematical Economics II

covers integral calculus, difference and differential equations, with applications to Economics.

PR: ECON 3550

4550

Econometrics I

covers estimation of the general linear regression model with emphasis on fundamental theory and examples from published empirical research.

PR: ECON 2550, 3000 and 3010.

4551

Econometrics II

covers further problems in econometric theory and technique; multicollinearity, autocorrelation, nonlinear estimation, and the identification and estimation of systems of equations. Published empirical research will be discussed and each student will be expected to perform an original empirical study.

PR: ECON 4550

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).