Office of the Registrar
Sir Wilfred Grenfell College (2007/2008)
11.9 Economics

Economics 2010 and 2020 are prerequisites for all other Economics courses except Economics 2070.


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.


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 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.


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.


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.


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.


Mathematical Economics I

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

Prerequisite: Mathematics 1000 or equivalent with a "B" standing, or Mathematics 2050.


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.


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.