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. All sections of this course follow Quantitative Reasoning Course Guidelines available at www.mun.ca/hss/qr.

covers national income accounting, aggregate income analysis, money, banking and foreign trade. All sections of this course follow Quantitative Reasoning Course Guidelines available at www.mun.ca/hss/qr.

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. All sections of this course follow Quantitative Reasoning Course Guidelines available at www.mun.ca/hss/qr.

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.

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.

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.

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.

is an intermediate course encompassing theories and empirical studies of global trade flows; the effects of trade barriers, and efforts at economic integration such as the North American Free Trade Agreement and the European Union; the Balance of Payments and its links to the foreign exchange markets; the importance of the exchange rate worldwide as a macroeconomic variable; and the causes and lessons of exchange rate crises. All sections of this course follow International Studies guidelines available at www.mun.ca/hss/IS.

is an analysis of the structure of the economy of Newfoundland and Labrador. Basic economic theory will be applied to current economic issues and problems in Newfoundland and Labrador.

is application of economic analysis to renewable and non-renewable 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.

evaluates the role of economic analysis to health and medical care. Topics in the application of cost effectiveness analysis [and cost-benefit analysis] to health care programs, as well as comparisons of the Canadian experience with other health care systems will be discussed.

examines the operation of the money and banking system. Topics include the core foundations of money and banking, and how they can be applied to the Canadian banking system and also to an international context, such as worldwide financial crises and the interaction of central banks globally. Selected topics and emphasis will vary from year to year so as to reflect the evolution of the Canadian banking system and the global financial system. All sections of this course follow International Studies guidelines available at www.mun.ca/hss/IS.

provides an analysis of the major building blocks of the modern theory of financial economics and their implications for decision-making. To reflect that modern finance is a branch of economics, emphasis will be on how general economic principles and analytical techniques can be applied across all finance sub-fields. Topics include the basic pillars in finance–intertemporal optimization, asset valuation, risk management–and selected issues that will vary each year.

is an intermediate course concentrating on Canadian labour issues. The course investigates the labour market decisions that workers face and the influence of government decisions. Course topics also include factors affecting a firm's demand for labour, wage determination in non-union market, the role of unions, the various structure of wages and wage differentials in the Canadian setting.

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

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

- inactive course.

- inactive course.

- inactive course.

- inactive course.

examines microeconomic choices made outside perfectly competitive markets. Its topics include areas to which choice theory has been applied, for example, the economics of labour, marriage, sport, entertainment, crime, gambling, and the consumption of addictive goods.

- inactive course.

is an advanced treatment of theoretical and applied microeconomic theory, including topics such as intertemporal choice, risk and information, game theory and competitive strategy, index numbers, public goods, externalities, input-output analysis, linear programming, duality theory and empirical microeconomic studies.

- inactive course.

- inactive course.

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.

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.

is an advanced course in the theory and empirical tests of international trade, strategic trade policy and economic integration, taking a general equilibrium approach, and dispute resolution under the rules of the World Trade Organization, and under the North American Free Trade Agreement. All sections of this course follow International Studies guidelines available at www.mun.ca/hss/IS.

is an advanced open economy international macroeconomics course covering the balance of payments, its links with the national accounts and foreign exchange markets; economic stabilization policies under flexible and fixed exchange rates; exchange rate determination; the open economy trilemma and its policy implications for the choice exchange regimes; international monetary problems in the context of the increasing globalization of financial markets and proposals for reform in the light of exchange rate crises. All sections of this course follow International Studies guidelines available at www.mun.ca/hss/IS.

- inactive course.

- inactive course.

is Adam Smith to Karl Marx. A study in the development of Classical Economics with emphasis on the contributions of Smith, Malthus, Ricardo, Mill and Marx.

is Alfred Marshall to Keynes. A study in the evolution of marginalism. Emphasis will be placed on the Economics of Marshall and Keynes. Institutional Economics, a parallel development, is also considered.

- inactive course.

- inactive course.

is an advanced treatment of the environmental consequences of economic activities and the associated policy issues.

is an introduction to some of the theoretical economic problems and practical solutions involved in the exploration, development and production phases of mineral and petroleum mining in Newfoundland and Labrador.

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.

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.

is an application of economic analysis to current issues in the organization, financing and utilization of health services.

examines empirical studies in money. Readings in current literature. Monetary theory with applications to problems of employment and foreign trade.

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.

- inactive course.

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.

is required as part of the Honours program.

is the first of three full-time work terms and normally follows the completion of two academic semesters within the Economics (Co-operative) program. Students are expected to demonstrate high standards of behaviour and performance in a work environment.

is typically the student’s second Economics (Co-operative) program full-time work term and usually follows two academic semesters since the previous work term. Students are expected to further develop and expand their knowledge and work-related skills and demonstrate an ability to deal with increasingly complex work-related concepts and problems.

is the final full-time work term and must be followed by an academic semester. Students should have sufficient academic grounding and work experience to contribute in a positive manner to the problem-solving and management processes needed and practiced in the work environment.