Code	Title	Description	Note
4000-LEVEL
4011	Economic Planning and Development	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, lndicative Planning, and Economic Development Planning.
4025	Public Expenditure	is an analysis of the theory of public expenditure. Relationship to resource allocation and distribution of income. Market failure and the rationale for government intervention. Theory of public goods. Public choice mechanisms. Expenditure patterns in Canada. Public sector budgeting. Public enterprise pricing and investment rules. Introduction to cost-benefit analysis.
4026	Taxation	is an analysis of the theory of taxation. Relationship to resource allocation and distribution of income. Incentive effects of taxation. Tax incidence. Tax structure in Canada at federal, provincial and local levels.
4085	Advanced Environmental Economics	is an advanced treatment of the environmental consequences of economic activities and the associated policy issues.
4100	Industrial Organization and Public Policy	is the study of the basic characteristics of structure, behaviour and performance of industry with particular reference to the Canadian economy. Relation of industrial structure to social purpose is examined, with an emphasis on public regulations of monopoly and the objectives and implementation of anti-combines policy.
4120	Applied Welfare Economics and Cost Benefit Analysis	investigates some current criteria of welfare theory found in the literature and then outlines the principles used in measuring changes in consumer and producer welfare. The theory of cost benefit analysis is examined and then the principles are applied to a variety of projects, some of which are proposed to take place in Newfoundland and Labrador.
4140	Health Economics	is an application of economic analysis to current issues in the organization, financing and utilization of health services.
4150	Monetary Theory	examines empirical studies in money. Readings in current literature. Monetary theory with applications to problems of employment and foreign trade.
4200	Game Theory	is an introduction to game theory and strategic thinking. Ideas such as dominance, backward induction, Nash equilibrium, stability, commitment, credibility, and asymmetric information are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere.
4550	Econometrics I	covers estimation of the general linear regression model with emphasis on fundamental theory and examples from published empirical research.
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.
4999	Honours Essay	is required as part of the Honours program.

^{Note:
Offered frequently, typically every semester.
Offered periodically, typically once per year.
Offered occasionally, based on student demand and instructor availability.}