Economics

Designed for students who do not intend to major in economics. Examines the working of the market system, competition policy, price supports and regulation, labour markets and unions, and social issues. Note: BBA students cannot take this course for credit. Students with credit for ECON 1013 or ECON 1073, or taking those courses, cannot take this course for credit.

Concerned with how modern mixed economies operate. Behaviour of consumers and business firms. Theory of the firm, production, costs and market structures, and distribution.

Concerned with the causes of unemployment and inflation, the determination of total output, investment, and interest rates. Stabilization policies, exchange rates and balance of payments.

An introductory course for students in Engineering and Computer Science. Topics include theory of markets, production, costs, externalities, and the macroeconomics of aggregate output determination and growth. Note: Credit will not be given for both ECON 1073 and ECON 1013 / 1023.

This course develops material from ECON 1013. Applications of microeconomic theory are emphasized.

This course develops material from ECON 1023. Applications of macroeconomic theory are emphasized.

Concerned with current issues in the Canadian Economy. Topics may include public policy towards unemployment, inflation, foreign investment, poverty, income distribution and regional development.

Analysis of specific economic phenomena in Canada. Prerequisites: ECON 1013 and ECON 1023; or ECON 1073.

An introduction to the microeconomic aspects of monetary theory and policy. Topics include how money is defined and measured, portfolio theory, theories of the interest rate, the determination of the money supply, and bank regulation. 

Definition, extent and causes of poverty. Distribution of income and wealth in Canada and abroad. Rationales for and effectiveness of income redistribution policies. 

The theory of consumer demand and of production costs. The elementary theory of the firm: pure competition and pure monopoly; an introduction to monopolistic competition and oligopoly.

A study of the standard macroeconomic models of closed and open economies. Macroeconomic problems, such as unemployment, inflation, and balance of payment disequilibria are examined. Alternative stabilization policies are evaluated with reference to the Canadian economy. 

An introduction to the economic analysis of the development of urban areas. Topics include the evolutionary development of cities, the location of cities and of activities within them, and theories of urban growth. 

A study of the major contributions to economic analysis from Adam Smith to Alfred Marshall. 

An introduction to the Macroeconomic aspects of monetary theory and policy. Topics include how the Central Bank influences the interest rate and inflation rate, the demand and supply for money, international financial markets, and international banking.

The nature and role of the public sector in a market economy. Topics include taxation and government expenditure and their effects on the allocation of resources and the distribution of income, and the growth of the public sector.

Determinants of labour supply and demand. Includes structure of wages, male-female earnings differentials, employment insurance, unions, strikes, and labour relations. 

The principles of international trade, and issues in trade policy; NAFTA and other trade agreements.

The economics of exchange rate determination, the balance of payments, international borrowing and lending. Role of international financial institutions. 

Development theory at both sectoral and aggregate level; analysis of growth, employment, distribution of income, intersectoral investment allocation, and investment in human capital. 

An analysis of the international dimension of economic problems faced and policies adopted by developing countries of Asia, Latin America, and Africa. Topics include: international trade, direct foreign investment, technology transfer, regional economic blocks, structural liberalization, debt and development financing, high rate of population growth and exhausting of natural resources.

An introduction to game theory - a type of applied mathematics that describes strategic behaviour. Examples will be drawn from economics, political science, sociology and biology. This interdisciplinary course is open to students who have successfully completed 15 term courses(45 ch) or by permission of the instructor.

A course in economic theory concerned with topics in micro-and macroeconomics. Emphasis is on the use of mathematics in the development of economic theory, particularly calculus and matrix algebra.

Comparative study of costs and benefits and the impact of public projects and policy initiatives. 

Examines interaction of ecological and economic systems, considering population growth, food supply, non-renewable resources. 

The analysis of market structure, firm strategy and performance, and public policy issues.

Advanced course in macroeconomic theory and analysis, with emphasis on the theory of investment, consumption, money and employment. Neoclassical monetary equilibrium, and the Keynesian and post-Keynesian models.

Topics may include theories of imperfect competition, search and information, market failures, property rights, simple general equilibrium models.

The objective of the course is to explain the problems and issues associated with empirical measurement of economic relationships, and an assessment of the techniques by which those problems may be solved. 

Directed study/reading programs. Workshops or seminars will be held as required. Students should apply to the Department in September or January for permission to take this course.

Directed study/reading programs. Workshops or seminars will be held as required. Students should apply to the Department in September or January for permission to take this course.