Economics courses are designated by ECON.
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.
Introduction to Macroeconomics
covers national income accounting, aggregate income analysis, money, banking and foreign trade.
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.
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.
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
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.
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
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.
Economic Forecasting: Methods and Applications
- inactive course.
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.
Issues in Ecological Economics
(same as Environmental Studies 3085) 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.
CR: Environmental Studies 3085
PR: ECON 2010
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.
Mathematical Economics I
examines linear algebra and differential calculus, with applications to economics.
Mathematical Economics II
covers integral calculus, difference and differential equations, with applications to Economics.
PR: ECON 3550
covers estimation of the general linear regression model with emphasis on fundamental theory and examples from published empirical research.
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