|
ECN
|
89A/B
|
|
Introduction to Mathematics for Economics-A/B
|
|
|
ECN 89A/B is an introduction to fundamental mathematical techniques which are frequently used in Economics. The first part of the course covers some basic concepts such as sets of numbers, relations and functions (in particular, quadratic, exponential and logarithmic functions), and linear and nonlinear equations. The second part of the course deals with differential calculus: limits, continuity, single-variable differentiation, and optimization. This is a year-long course. Students will only be billed for the A (Fall) portion of this course.
|
|
|
|
Lect: 4 hrs./Lab: 1 hr.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1/0
|
| back to top | |
|
|
ECN
|
104
|
|
Introductory Microeconomics
|
|
|
This course is concerned with basic concepts of demand and supply, the theory of the firm, and distribution of income. It includes a study of business behaviour and decision making under various market conditions: pure competition, oligopoly, monopolistic competition, monopoly.
|
|
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 110 and FMG 905
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
105
|
|
Canadian Economic History
|
|
|
The aim of this course is to acquaint the student with the major economic events in our history. The course will have two prominent themes. The first of these is the importance of staple production to the national economy. Since, for the most part the choice of which staple to produce at a given time was dictated by international market forces, the development of each staple product, i.e. cod, fur, lumber, is analyzed within an international framework. The second theme of the course is the development of modern industrial sectors since 1850. Restriction: Criminal Justice, Politics and Governance, Psychology, Sociology, Undeclared Arts. ECN 105 is not available for credit to students who choose ECN 509.
|
|
LL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 509
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
110
|
|
The Economics of Markets
|
|
|
The course deals with the emergence, concepts, and applications of market economics. It first discusses developments that gave rise to the market system, followed by an analysis of the basic concepts that are essential for understanding markets. These include the concepts of opportunity cost, demand and supply, market structure and market failure. Various market applications to Canadian economic and social issues will be examined, ranging from the economics of big business to the economics of sports, crime, education, and health. ECN 110 is not available for credit to students who choose ECN 104.
|
|
LL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 104, Restriction: Retail Management, Urban and Regional Planning, Information Technology Management, Business Management, Hospitality and Tourism Management, Occupational and Public Health, Geographic Analysis
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
129
|
|
Statistics for Economics I
|
|
|
This course is an introduction to basic statistics with economic applications. It is followed by a course on Statistics for Economics II, CECN 329. Statistics is a science of getting information from data. It consists of a set of analytical techniques that can be applied to data to help us make judgments and decisions in problems involving uncertainty. This course deals with the description, analysis and interpretation of data. It covers topics in descriptive statistics, basic probability theory, discrete and continuous distributions, and sampling distributions.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 189 or MTH 189 or ECN 89A/B
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
130
|
|
Economic Aspects of Immigration
|
|
|
In this lower level liberal studies course students will learn to appreciate the complexity of immigration issues and the controversy and heated debate they generate. The students will understand that this complexity arises from the interplay of other issues such as discrimination, humanitarian concerns, the impact on the wages and employment prospects of native-born persons, the use of social assistance programs and contributions to the financing of such programs, as well as the very nature of our society.
|
|
LL
|
|
Lect: 3 hrs.
|
| Antirequisite: CHY 110
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
189
|
|
Introduction to Mathematics for Economics
|
|
|
ECN 189 is an introduction to fundamental mathematical techniques which are frequently used in Economics. The first part of the course covers some basic concepts such as sets of numbers, relations and functions (in particular, quadratic, exponential and logarithmic functions), and linear and nonlinear equations. The second part of the course deals with differential calculus: limits, continuity, single-variable differentiation, and optimization.
|
|
|
|
Lect: 4 hrs./Lab: 1 hr.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
204
|
|
Introductory Macroeconomics
|
|
|
This course centres around an explanation of levels of national income, employment and prices, the business cycle, factors affecting economic growth and international trade. It also includes a critical analysis of monetary and fiscal policies designed to achieve the established goals.
|
|
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 210 and FMG905
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
205
|
|
European Economic History
|
|
|
This is a survey course of European economic history from the fall of the Roman Empire to World War II. The course is divided into two parts. The first focuses on the economic decline of the Roman Empire and how it set the stage for the manorial economy of the Middle Ages. Also, this section covers the economic revival after the Medieval period up to the middle of the eighteenth century. The second part of the course looks at the Industrial Revolution in England, and its diffusement throughout continental Europe. ECN 205 is not available for credit to students who choose ECN 609.
|
|
LL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 609
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
210
|
|
Inflation and Unemployment in Canada
|
|
|
The course focuses on various economic theories that emerged after the Great Depression which emphasize economic performance and government policy. It examines how the Canadian economy works, and how the major problems of unemployment and inflation can be dealt with. The course also analyzes a range of economic issues-such as poverty and income distribution, deficits and debts, free trade and trading blocks, capital mobility and exchange rate movements-and the role of government. ECN 210 is not available for credit to students who choose ECN 204.
|
|
LL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 204, Restriction: Business Management, Information Technology Management, Geographic Analysis, Hospitality and Tourism Management
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
220
|
|
Evolution of the Global Economy
|
|
|
This course is a survey of the economic development of the global economy since 1914, covering such factors as trade, migration, investment and monetary arrangements, and the role played by international institutions. The course will include an analysis of the impact on the international economy of twentieth century developments, such as the Great Depression, the two world wars and the globalization of financial markets. Particular emphasis will be placed on the operation of post-war institutions, such as the I.M.F., G.A.T.T. and the W.T.O., and how they affect the global economy.
|
|
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
230
|
|
Mathematics for Economics
|
|
|
This course introduces the students to mathematical topics beyond the high school calculus. It reviews differential calculus, then introduces topics such as basic matrix algebra, constrained optimization, comparative statistics for general function modes, and their application in economics.
|
|
|
|
Lect: 3 hrs./Lab: 1 hr.
|
| Prerequisite: ECN 189 or MTH 189 or ECN 89A/B or QMS 702
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
301
|
|
Intermediate Macroeconomics I
|
|
|
The aim of this course is to provide a comprehensive overview of both traditional and modern macroeconomic theories and their use in analyzing important economic issues, such as unemployment, inflation, interest rates, business cycles and government policies. Theories will be discussed in the context of Canadian macroecomic data and active government involvement through the implementation of monetary and fiscal policies.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
320
|
|
Introduction to Financial Economics
|
|
|
This course is designed to give students an understanding of financial concepts, including the time value of money, discounted cash flows, and risk and returns. It is also designed to give the students an introductory understanding of financial markets and how they are influenced by economic trends.
|
|
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
321
|
|
Introduction to Law and Economics
|
|
|
Economic aspects of social and legal issues and policies in regional, national and international contexts: property, contracts, torts, environmental law, and the economics of crime and punishment.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
329
|
|
Statistics for Economics II
|
|
|
ECN 329 is a continuation of the topics covered in ECN 129, Statistics for Economics I. It includes such topics as estimation, hypothesis testing, inferences, analysis of variance, simple regression and multiple regressions, and model building.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 129; Co-requisite: ECN 230
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
330
|
|
Economic Systems in the New World Economy
|
|
|
Economic activity can be organized in a variety of ways. Even amongst predominantly market economies, there exists a wide spectrum, ranging from those economies that operate with a minimum of government intervention to those with strong guidance from the government. The course investigates most of the various economic systems now in existence and the changes occurring in them. The roles of governance and market failures are explored in both local and global markets.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
340
|
|
The Economics of Human Behaviour
|
|
|
This course investigates human behaviour from an economic perspective. Among the topics we analyze is the economics of religious behaviour and the afterlife, sexual behaviour, marriage and divorce, crime, mass hysteria and panics, suicide and dying, emotions, and the economics of sports. We also consider other ways of looking at human behaviour. You do not require previous training in economics, and the materials are not technical.
|
|
LL
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
440
|
|
Booms, Busts, Panics and Manias
|
|
|
This course addresses a historical tendency for the financial and stock markets to exhibit periodic unstable cycles or speculative booms, followed by market downturns, instability or in the extreme, total collapse. These patterns of cyclical behaviour are illuminated by focusing on crises, beginning with the Tulip Mania. The South Seas Bubble, the 1929 Crash, the dot.com collapse and the more recent financial crisis are included. Current economic issues, whenever applicable, will be presented and examined in the light of these case studies.
|
|
LL
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
501
|
|
Industrial Organization
|
|
|
The first half of this course examines how industries are organized; how the conduct of firms is influenced by their internal organization and by the structure of the industry of which they are a part; and how an industry's performance is determined by the conduct of its firms and by the industry's structure. The second half of this course deals with public policies towards industry: competition policy, economic regulation, public enterprise.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
502
|
|
Economics of Natural Resources
|
|
|
This course deals with the application of basic economic concepts to the problems of natural resources and with Canadian public policy issues in natural resources management. Topics covered in the course include: the resource sector and its impact on the Canadian economy, models of renewable and non-renewable resource use, the scarcity controversy, economic rents and taxation as applied to natural resources, and current issues in Canadian resource management.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
503
|
|
Economic Development
|
|
|
This course describes the challenges faced by developing economies, with a specific emphasis on persistent world poverty. In this course we will take up questions such as: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Are the poor always hungry? How do we deal with the disease burden? How do we make schools work for poor citizens? We shall also study the role of markets, government and non-governmental organizations in fostering economic development. This course will give the students a good idea of the key questions asked by scholars interested in development and poverty today, and possibly a few answers as well.
|
|
UL
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 104 or ECN 110 or ECN 204 or ECN 210 or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
504
|
|
Intermediate Microeconomics I
|
|
|
A more detailed study of price theory, this course looks at the production decisions of firms and the consumption decisions of households. It gives an introduction to risk and uncertainty. It examines how the decisions of all the independent economic agents are co-ordinated by the price-system in purely competitive markets. The course also gives a variety of applications of micro-economic theory.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
505
|
|
Issues in Canadian Labour Markets
|
|
|
This course deals with selected contemporary issues in Canadian labour markets. The first part of the course begins with the standard economics of labour supply and demand, as well as the major critiques and alternatives. The course also looks at wage structures, geographic labour mobility, the presence of labour unions, the increasing participation of women, the question of discrimination in labour markets, and the debate over the effects of free trade on employment patterns. ECN 505 is not available for credit to students who choose ECN 605.
|
|
UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 605, Restriction: BM001, BM002
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
506
|
|
Money and Banking
|
|
|
The role of money in the economic system is emphasized along with current monetary theories. Also examined are the purpose, structure and regulations of the chartered banks and other financial institutions. By monitoring developments in the money market, especially changes in key interest rates, students may assess monetary initiatives of the Bank of Canada.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
507
|
|
The History of Economic Thought
|
|
|
This course deals with the major figures in the development of economic thought from the medieval period to the present. Their ideas are presented in the context of the times in which they lived and analyzed in relation to prevailing economic conditions. The relevance of these ideas to present-day debates is stressed throughout so that in the process the student will acquire a broader understanding of current economic theories and issues.
|
|
UL
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 110 or ECN 210 or ECN 104 or ECN 204 or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
509
|
|
Canadian Economic Development
|
|
|
This course uses economic institutions of the past as a theme around which to study Canadian economic development. Particular emphasis is put on studying institutions that controlled market forces to attain social needs. Among the topics investigated are forms of trade, money uses, and land tenure systems. ECN 509 is not available for credit to students who choose ECN 105.
|
|
UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 105
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
510
|
|
Environmental Economics
|
|
|
This course applies economic analysis to the problems of pollution and the use of natural resources. It examines market processes when externalities in production and consumption are present. The relationship between the environment and the economic system, sources of pollution and methods of pollution abatement are studied. Application of cost-benefit analysis to the problems of environmental goods is evaluated. Examination of the economics of renewable and nonrenewable resources follows. Topics include: resource classification, the theory of optimal usage, resource conservation, and the limits to growth debate.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or Direct Entry, Antirequisite: ECN 511
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
511
|
|
Economy and Environment
|
|
|
This course looks at the relationship between the economy and the environment. It discusses how economics can help identify key issues in environmental problems. Economic concepts are used to shed light on solutions to the problem of pollution, the management of common property, and the possibility of ?sustainable development?.
|
|
UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 510
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
529
|
|
The Evolution of Radical Economics
|
|
|
Most of current mainstream economics is seen as the product of market forces and private, maximizing decision making. This course provides critical alternative views to the market economy. It focuses on the economics of Karl Marx which emphasizes class relationships in understanding economic behaviour and the structure of a capitalist society. Special attention is also paid to the economics of Thorstein Veblen which views the economy as a set of institutions subject to technological changes.
|
|
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
600
|
|
Intermediate Macroeconomics II
|
|
|
An advanced study of the determinants of aggregate demand and the structure of Keynesian and new classical models. Policy issues covered include effectiveness of stabilization policies in an open economy, crowding out, choice of monetary policy instruments, and monetary policy and the exchange rate.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 301
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
601
|
|
The Economics of Information
|
|
|
In this course we shall analyze different economic situations involving imperfect information. A brief introduction to game theory and market structure will be provided. The topics of the course will include: signaling and screening in the job market, adverse selection and the market for lemons (as applied in the market for used cars), the value of information in a strategic conflict, notions of individual rationality and incentive compatibility, sharecropping, interlinked contracts, and public goods (Groves-Clarke).
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
603
|
|
Canada and Global Economic Issues
|
|
|
This course deals with the analysis of economic and social issues which confront Canadian citizens and policy makers. The course focuses on how economics can illuminate some of the social and economic issues that Canadians believe are important. The course involves standard economic techniques (micro and macro), to examine selected issues. This is an upper level course and microeconomic theory will be used extensively. Economic concepts will be reviewed as required.
|
|
UL
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or ECN 110 or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
This course aims to introduce students to basic labour economics, with particular reference to the Canadian case. This course draws on contemporary methods to model and analyse key aspects such as labour supply and demand behaviour. These aspects are combined to explore the determination of wages and major policy questions such as minimum wage legislation and unionization. The acquired tools are applied to special topics such as human capital investment, immigration, gender discrimination and unemployment.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry, Antirequisite: ECN 505
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
606
|
|
International Monetary Economics
|
|
|
International monetary economics is devoted to the study of large-scale economic problems in interdependent economies. The focus is on key economic variables such as exchange rates, prices, interest rates, income, wealth, and the current account. Core topics include foreign exchange markets, exchange rates in the short run and the long run, the national and international accounts, the open economy IS-LM model, fixed and floating exchange rate regimes, gains from financial globalization, exchange rate crises and the operation of pegs, and the euro.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 301, Antirequisite: ECN 607
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
607
|
|
Issues in the International Economy
|
|
|
This course deals with international financial markets and the ways in which they affect national economies. By studying the operations of these markets it will be shown how significantly they constrain domestic policy-making, not only in a small open economy like Canada's but increasingly in all other economies as well. Attention is given to issues of current political concern, such as the Third World debt problem, the American trade deficit, the rise of Japan as a major international creditor, and the disintegration of the Communist system in Eastern Europe. ECN 607 is not available for credit to students who choose ECN 606.
|
|
UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 606, Restriction: BM001, BM002, HT001
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
609
|
|
Topics in Economic History
|
|
|
The central focus of this course is institutions and organization and how these impacted technological change and economic growth in different periods. Among the topics we investigate are: cross-country differences in long-term economic growth and competing explanations for the divergent outcomes; migration and its impact on economic development and growth; the role of property rights, such as patent laws, and their effect on innovations and economic growth; the development of financial institutions and economic growth; and international trade and economic development.
|
|
UL
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 301 and ECN 504; Antirequisites: ECN 105 and ECN 205
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
612
|
|
Feast and Famine: The Economics of Food
|
|
|
This course examines economic issues related to food and hunger in contemporary societies. Global as well as local perspectives on the nature of food production and distribution will be explored. Economic concepts and principles will be used to analyze such topics as: Global Food Production and Hunger; Canadian Agriculture and Crisis in Family Farm; Globalization, International Food Trade and the WTO; Food Production and Environment; Potential and Problems of Biotechnology.
|
|
UL
|
|
Lect: 3 hrs.
|
| Restriction: FN001
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
614
|
|
An Introduction to Game Theory
|
|
|
Game theory studies the interactions and conflicts between decision-making agents. This course focuses on its application to economic issues such as market structure, auctions and bargaining. It begins by introducing the concepts of action, strategies, cooperation and non-cooperation, and equilibrium. The assumption of complete information is then relaxed and the application of game theory to situations of incomplete and imperfect information is explored. The course draws on real world examples to illustrate core concepts, such as the Prisoner's Dilemma and buying votes. These examples borrow from micro, macro and experimental economics.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 700
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
620
|
|
Applied Economic Analysis
|
|
|
In this course students apply the economic tools that they have learned in their core courses to the analysis of economic issues. Students learn how to write, summarize and present economic reports effectively.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 301 and ECN 329 and ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
This course is an introduction to econometrics. The main topics of the course are the linear regression model, its estimation and inference. Other topics include heteroskedasticity, endogeneity, and instrumental variable estimation.
|
|
|
|
Lect: 3 hrs./Lab: 1 hr.
|
| Prerequisites: ECN 329 or QMS 442 or QMS 703 or MTH 404
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
629
|
|
The Economics of Transition
|
|
|
This course reviews transition from a centrally-planned to a market-based economy. The focus of the course is on the economic history and experience of the former Soviet Union states, Eastern Europe, and China. It reviews the basic structure and operation of state planning as compared to a market economy. The course examines both the theory and empirical evidence of the transition and development paths taken by different countries.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 or ECN 110) and (ECN 204 or ECN 210) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
640
|
|
The Economics of Immigration
|
|
|
This course applies economic principles to immigration. Students will examine issues such as discrimination, humanitarian concerns, the impact on the wages and employment prospects of native-born persons, social assistance programs, and contributions to the financing of such programs. The course will develop an understanding of the role of economics in providing theoretical predictions and empirical evidence that is relevant to the issues. Students will be equipped to discuss emerging new issues in this area.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
700
|
|
Intermediate Microeconomics II
|
|
|
The purpose of the course is to examine production functions, cost minimization and profit maximization decisions of firms under different types of market structures. Price theory to the market structures of monopoly, oligopoly, and monopolistic competition will be extended. Markets for factors of production will be examined as well. This course will give an introduction to game theory as well.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
This course is a continuation of ECN 627 and covers some advanced econometric methods. The main topics of the course include economic methods designed for panel data sets, estimation of discrete choice models and time series analysis.
|
|
|
|
Lect: 3 hrs./Lab: 1 hr.
|
| Prerequisite: ECN 627
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
703
|
|
Public Sector Economics
|
|
|
The public sector's large role in the economy shows the importance of understanding the principles of public finance. How do we explain the growth of the public sector's share in the economy during most of the twentieth century? What criteria are relevant in determining the optimal level and scope of government activities? Topics examined include public goods and externalities, natural monopolies, pricing of publicly produced goods, and benefit-cost analysis.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
707
|
|
Economics of International Trade
|
|
|
The purpose of this course is to introduce the student to the theory and practice of international economics. The factor proportions theory of trade is explained, and the evidence supporting it examined. Major emphasis is placed on the "new international economics" and its implications for Canadian trade policy. The issues surrounding free trade with the United States are examined, as well as the perceived need for interventionist industrial policies.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 504, Antirequisites: GMS 601, IBS 601
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
710
|
|
Transportation Economics
|
|
|
Addresses current and historical economic issues in both passenger and freight transport for all modes, as well as for urban transportation. The course examines the economics of significant transportation issues from, between and within the developed world. Demand-side issues, such as changing income levels and locational decisions; supply-side issues, such as the need for adequate funding for urban carriers; and constraints, such as regulation and uncertainty arising from political situations are synthesized.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or IND 302 or Direct Entry, Antirequisite: MGT 803
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
715
|
|
Advanced Microeconomics
|
|
|
This course deals with the theories of consumption and of production at a more advanced level. It discusses decision making by consumers and firms, in situations of certainty as well as uncertainty and risk. The course introduces the students to welfare economics, and applies microeconomic theory and welfare economics to specific problems and policy issues.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 700
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
During this seminar course, students will make oral and written presentations incorporating various elements of their studies. They may choose a topic related either to a country, a region or to a particular economic sector.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 501, ECN 600, ECN 627 and ECN 707
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
721
|
|
International Financial Markets
|
|
|
This course develops a solid understanding of the international financial system and examines managerial decisions made in an international setting. First, current theories of financial price determination and their testable implications are studied in the context of foreign exchange, offshore, derivative securities and international asset portfolio markets. Second, managerial decisions regarding capital financing, investing and risk management are analyzed from the point of view of private individuals, firms and governments.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 301 and (ECN 320 or FIN 300)
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
722
|
|
The Economics of Sports
|
|
|
This upper level liberal studies course examines the economics of professional and collegiate athletics. It begins by reviewing the demand, supply and elasticity and continues by studying the market structures, labour demand and supply. Topics to be covered include the benefits of sports franchises and stadiums, strikes, lockouts, salary discrimination, unions, broadcasting rights, free agency, "scalping", salary caps, drafts and the paying of collegiate athletes.
|
|
UL
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
723
|
|
Applied Research Methods
|
|
|
In this course students acquire the skills needed to write a research paper in economics. The course covers different strategies and techniques involved in academic research and the students apply these strategies in the writing of a semester-long research paper. Student's receive feedback on each step of the writing process through one-on-one meetings with the instructor.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 600, ECN 620, ECN 700 and ECN 702
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
724
|
|
Advanced Econometrics
|
|
|
This course provides an advanced treatment of select topics from econometrics not covered in the traditional undergraduate curriculum. In particular, the course places a strong emphasis on computationally-intensive methods of estimation and inference. The primary goal of the course is to aid students in applying these methods to real-world economic data.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 702
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
801
|
|
Principles of Engineering Economics
|
|
|
Engineering economics is concerned with the problem of investment decision making or capital expenditure analysis. An ?investment? problem involves making a decision to allocate financial resources to acquire productive assets that will generate cash flows in future time periods. Engineering economics seeks to develop and apply a logically consistent methodology for evaluating investment projects. Discounted cash flow methods are used in analyzing such projects. In this course we will assume certain cash flows and ignore taxation implications. After developing the mathematics of cash flow equivalence, absolute and relative measures of project worth will be developed and applied to individual and multiple projects. The emphasis will be on private project decisions, but similar methods will be applied to public sector projects.
|
|
|
|
Lect: 3 hrs.
|
|
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
802
|
|
The Economies of East Asia
|
|
|
This course is a general survey of the economies in East Asia, including Japan, China, South Korea, Taiwan, Hong Kong, Singapore, Malaysia, Thailand, Indonesia and the Philippines. The emphasis is on their patterns of economic development and inter-relationships. Topics to be covered include growth and development, international trade and investment, financial and exchange rate systems, as well as public policies. Current economic issues will also be discussed, particularly those with relevance to Canada. Economic trends and related news items will be presented and examined in the light of their historical background and existing social and political context.
|
|
UL
|
|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 or ECN 110) and (ECN 204 or ECN 210) or Direct Entry
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
803
|
|
Canadian Tax Policy
|
|
|
This course focuses on the problems and theoretical issues of financing government. The major forms of taxation-personal and corporate income taxes, sales and commodity taxes and the property tax-are examined critically. In addition, the main features of Canadian fiscal federalism (intergovernmental transfers, equalization grants and revenue-sharing), are reviewed and appraised.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
808
|
|
Economic Growth and Technological Change
|
|
|
This course analyzes a wide range of issues that affect a country's growth performance. In particular, the course focuses on the effects of technological progress and human and physical capital accumulation on economic growth, as well as the role of government policies (fiscal policy, trade and environmental taxes, industrial subsidies) in determining the efficient use of a countries' resources.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 301 and ECN 504
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
815
|
|
Advanced Macroeconomics
|
|
|
This course has two objectives. First, it provides a rigorous introduction to a standard set of topics in modern macroeconomic theory, such as economic growth, business cycle theory, consumption theory, monetary policy and fiscal policy. Second, the course develops the analytical tools required to study the above topics within a dynamic optimization framework. This is an advanced course aimed for students with a solid background in macroeconomic and microeconomic theory, linear algebra and calculus. It is particularly recommended for students interested in pursuing a graduate degree in economics.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 600
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
A written report that reflects an independent research undertaking that is destined to demonstrate competence in a selected area of study. This course is graded on a pass/fail basis.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 720
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
ECN
|
821
|
|
Country Risk Analysis
|
|
|
This course introduces the students to the theory and practice of managing cross-border lending and international investment risk. The course gives a comprehensive coverage of the analysis and reporting of sovereign creditworthiness, political risk, current account analysis, statistical credit-scoring methodologies, loan valuation, portfolio management and regulatory supervision. Several case studies will be used, including the Mexican Peso crisis and the collapse of the markets in South East Asia.
|
|
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 720 or ECN 620
|
|
|
|
Course Weight: 1.00
|
|
Billing Units: 1
|
| back to top | |
|
|
|
|
Work must be program-related and may be entry-level or junior in responsibility and content. Offered in Summer Term only. This course is graded on a pass/fail basis.
|
|
|
|
Lab: 2 hrs.
|
| Corequisite: ECN 627
|
|
|
|
Course Weight: 1.00
|
|
|
| back to top | |
|
