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ECN
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104
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Introductory Microeconomics
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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.
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Lect: 3 hrs.
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| Antirequisite: ECN 110 and FMG 905
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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109
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Basic Mathematics for Economics
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This preparatory course provides a strong foundation on basic algebra and pre-calculus mathematical techniques that are essential for a proper understanding of the mathematics used in economic analysis. The course covers: basic concepts such as sets and numbers, relations, and operations with algebraic expressions; resolution of linear and non-linear equations; inequalities and absolute values; sequences and sums; functions and graphs. The course uses a wide range of economic applications to illustrate and motivate the covered mathematical techniques.
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Lect: 3 hrs./Lab: 1 hr.
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| Antirequisite: MTH 207
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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110
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The Economics of Markets
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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.
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LL
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Lect: 3 hrs.
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| 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
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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129
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Statistics for Economics I
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 189 or MTH 189 or ECN 89A/B or QMS 130 or QMS 702; Antirequisite: MTH 304
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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189
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Introduction to Mathematics for Economics
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ECN 189 is an introduction to fundamental calculus techniques which are frequently used in Economics. The course focuses on single variable differential calculus (limits, continuity, differentiation and integration) and on its application to optimization problems. The course uses a wide range of economic applications to illustrate and motivate all the covered mathematical techniques.
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Lect: 3 hrs./Lab: 1 hr.
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| Prerequisite: ECN 109; Antirequisite: MTH 207
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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204
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Introductory Macroeconomics
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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.
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Lect: 3 hrs.
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| Antirequisite: ECN 210 and FMG 905
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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205
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Issues in Economic History
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This course focuses on the historical and economic forces which explain how and why some parts of the world have grown rich while others have lagged behind. The factors determining the varying levels of economic development include changes in technology and changes in economic, social, and political institutions. The influence of these factors will be analyzed through the study of several topics drawn from American, Canadian, and European economic history.
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LL
|
|
Lect: 3 hrs.
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| Antirequisites: ECN 609 and ECN 630
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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210
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|
Inflation and Unemployment in Canada
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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.
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LL
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|
Lect: 3 hrs.
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| Antirequisite: ECN 204, Restriction: Business Management, Information Technology Management, Geographic Analysis, Hospitality and Tourism Management
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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220
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Evolution of the Global Economy
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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.
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Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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230
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Mathematics for Economics
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This course introduces the students to mathematical topics beyond what is covered in ECN189. It covers multivariable differential calculus, and it introduces topics such as basic matrix algebra, constrained optimization, and comparative statistics for general function modes. The course uses a wide range of economic applications to illustrate and motivate all the covered mathematical techniques.
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Lect: 3 hrs./Lab: 1 hr.
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| Prerequisite: ECN 189 or MTH 189 or ECN 89A/B or QMS 702; Antirequiste: MTH 310
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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301
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Intermediate Macroeconomics I
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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.
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Lect: 3 hrs.
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| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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320
|
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Introduction to Financial Economics
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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.
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Lect: 3 hrs.
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| Antirequisites: AFF 210 and FIN 300
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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321
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Introduction to Law and Economics
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 104 or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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329
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Statistics for Economics II
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 129; Co-requisite: ECN 230; Antirequisite: MTH 404
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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340
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The Economics of Human Behaviour
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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.
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LL
|
|
Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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440
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|
Booms, Busts, Panics and Manias
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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.
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LL
|
|
Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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501
|
|
Industrial Organization
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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.
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|
Lect: 3 hrs.
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| Prerequisite: ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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502
|
|
Economics of Energy and Natural Resources
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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.
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|
|
Lect: 3 hrs.
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| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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503
|
|
Economic Development
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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.
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UL
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 104 or ECN 110 or ECN 204 or ECN 210 or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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504
|
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Intermediate Microeconomics I
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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.
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|
|
Lect: 3 hrs.
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| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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505
|
|
Issues in Canadian Labour Markets
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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.
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UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 605, Restriction: BM001, BM002
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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506
|
|
Money and Banking
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|
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.
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Lect: 3 hrs.
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| Prerequisites: (ECN 104 and ECN 204) or Direct Entry; Antirequisite: ECN 509
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GPA Weight: 1.00
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Billing Units: 1
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|
|
This is a course dealing with the ethics of economic relationships. Students will become familiar with some of the principal theories of ethics and justice, and will use them to study such questions as the equitable distribution of income and wealth in a market economy, inheritance and the transmission of wealth, the structure of taxation, redistributive programs to alleviate poverty, preferences based on race and ethnicity, immigration policy and environmental sustainability.
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UL
|
|
Lect: 3 hrs.
|
| Prerequisites: ECN 110 or ECN 210 or ECN 104 or ECN 204 or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
509
|
|
Development of the Canadian Banking and Financial System
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|
This course uses economic institutions around which to study economic development of the Canadian banking and finance system, in particular. Topics include; the purpose, structure and regulations of the chartered banks and other financial institutions, monitoring developments in the money market and the monetary initiatives of the Bank of Canada.
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UL
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104, or ECN 110 or ECN 204 or ECN 210 or Direct Entry; Antirequisite: ECN 506
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|
GPA Weight: 1.00
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Billing Units: 1
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ECN
|
510
|
|
Environmental Economics
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|
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.
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|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or Direct Entry, Antirequisite: ECN 511
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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511
|
|
Economy and Environment
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|
|
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?.
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UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 510
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|
|
|
GPA Weight: 1.00
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Billing Units: 1
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ECN
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600
|
|
Intermediate Macroeconomics II
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|
|
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.
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|
Lect: 3 hrs.
|
| Prerequisite: ECN 301
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
601
|
|
The Economics of Information
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|
|
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).
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|
Lect: 3 hrs.
|
| Prerequisite: ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
603
|
|
Canada and Global Economic Issues
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|
|
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.
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UL
|
|
Lect: 3 hrs.
|
| Prerequisite: ECN 104 or ECN 110 or Direct Entry
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|
|
|
GPA Weight: 1.00
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|
Billing Units: 1
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|
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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.
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|
Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry, Antirequisite: ECN 505
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
606
|
|
International Monetary Economics
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|
|
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.
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Lect: 3 hrs.
|
| Prerequisite: ECN 301, Antirequisite: ECN 607
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
607
|
|
Issues in the International Economy
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|
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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.
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UL
|
|
Lect: 3 hrs.
|
| Antirequisite: ECN 606, Restriction: BM001, BM002, HT001
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|
GPA Weight: 1.00
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Billing Units: 1
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ECN
|
610
|
|
The History of Economic Thought
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|
|
This course deals with the development of economic thought from the medieval period to the present. It will demonstrate how orthodox theories have contributed to the formation of modern economics and include some discussion of schools of thought which deviate from the mainstream. The course will stress the relevance of both orthodox and unorthodox models to the development of modern economic thought so as to promote a better understanding of current economic debates.
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|
Lect: 3 hrs.
|
| Prerequisites: (ECN 301 and ECN 504) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
614
|
|
An Introduction to Game Theory
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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.
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Lect: 3 hrs.
|
| Prerequisite: ECN 700
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
620
|
|
Applied Economic Analysis
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|
|
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.
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|
Lect: 3 hrs.
|
| Prerequisite: ECN 301 and ECN 504 and (ECN 329 or QMS 442)
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|
GPA Weight: 1.00
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Billing Units: 1
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|
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.
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|
Lect: 3 hrs./Lab: 1 hr.
|
| Prerequisites: (ECN 230 or MTH 310) and (ECN 329 or QMS 442 or MTH 404)
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GPA Weight: 1.00
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Billing Units: 1
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The central focus of this course is institutions and organization and how these impacted technological change and economic growth in different periods. We investigate: 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.
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|
Lect: 3 hrs.
|
| Prerequisites: ECN 301 and ECN 504; Antirequisite: ECN 205
|
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GPA Weight: 1.00
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Billing Units: 1
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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.
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Lect: 3 hrs.
|
| Prerequisites: (ECN 104 and ECN 204) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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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.
|
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|
Lect: 3 hrs.
|
| Prerequisite: ECN 504
|
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|
GPA Weight: 1.00
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Billing Units: 1
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|
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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.
|
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|
|
Lect: 3 hrs./Lab: 1 hr.
|
| Prerequisite: ECN 627
|
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GPA Weight: 1.00
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Billing Units: 1
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ECN
|
703
|
|
Public Sector Economics
|
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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707
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Economics of International Trade
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 504, Antirequisites: GMS 601, IBS 601
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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710
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Transportation Economics
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 104 or IND 302 or Direct Entry, Antirequisite: MGT 803
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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715
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Advanced Microeconomics
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 700
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GPA Weight: 1.00
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Billing Units: 1
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 501, ECN 600, ECN 627 and ECN 707
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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721
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International Financial Markets
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 301 and (ECN 320 or AFF 210 or FIN 300)
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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722
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The Economics of Sports
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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.
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UL
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Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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723
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Applied Research Methods
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 600, ECN 620, ECN 700 and ECN 702
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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724
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Advanced Econometrics
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 702
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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801
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Principles of Engineering Economics
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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.
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Lect: 3 hrs.
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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802
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The Economies of East Asia
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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.
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UL
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Lect: 3 hrs.
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| Prerequisites: (ECN 204 or ECN 210) or Direct Entry
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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803
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Canadian Tax Policy
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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808
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Economic Growth and Technological Change
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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.
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Lect: 3 hrs.
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| Prerequisites: ECN 301 and ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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815
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Advanced Macroeconomics
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 600
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GPA Weight: 1.00
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Billing Units: 1
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A written report that reflects an independent research undertaking that is destined to demonstrate competence in a selected area of study.
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Lect: 1 hr.
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Departmental consent required
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GPA Weight: 1.00
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Billing Units: 1
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ECN
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821
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Country Risk Analysis
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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.
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Lect: 3 hrs.
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| Prerequisite: ECN 301 or ECN 504
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GPA Weight: 1.00
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Billing Units: 1
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The ECN 900 internships provide an opportunity for students to integrate academic learning in the Economics and Finance field with an employment or volunteer experience. The internship is intended to allow students to explore careers and develop linkages between theoretical knowledge received in a classroom setting and professional/practical application experience. The course is graded on pass/fail basis.
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Lect: 2 hrs.
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| Corequisite: ECN 627
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GPA Weight: 1.00
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