This is an ARCHIVED version of the Kwantlen University College Calendar for
2003-2004 and is provided for historical reference only. See the current version of the
Calendar for updated information.
The on-line version of the University College Calendar is the Official version. In the event of conflict between the printed version and the online version, the on-line version will prevail.
Effective date of this course calendar information, unless otherwise indicated, is Sept. 1, 2003 to Aug. 31, 2004.
Note: All course changes and updates are shown in blue.
Economics
ECON 1100 cr-3
Title change: January 2004
Growth of Market Economies
Students will trace the historical evolution of the capitalist economic system, and investigate the ideas of great economic thinkers. They will also study with basic concepts and methods of economic analysis which will help them to critically analyze the economy.
Students will study basic economic principles and economic issues facing the Canadian economy. They will analyze and discuss such issues as free trade, environmental problems, economic growth, unemployment and inflation.
Students will gain a basic understanding of how markets operate. Topics covered include the nature and method of economics, scarcity, specialization and exchange, supply and demand analysis, elasticity, consumer behaviour, economics of the firm, perfect competition, monopoly and market failure.
Students will study macroeconomic theory at an introductory level. Topics treated include macroeconomic performance measures, economic growth, inflation, unemployment, money and backing, interest rates, exchange rates and government policy in a small, open economy like Canada.
Prerequisites: ECON 1101 recommended
Transferable (refer to transfer guide)
ECON 2208 cr-3
History of Economic Thought
Students will survey the ideas of great economists, and examine the characteristics of their theories and their relation to economic problems of the time.
Students will examine the economics of the Canadian financial system. They will study the structure and operation of the banking system, money, financial and foreign exchange markets; theories of financial markets and financial intermediation; processes of monetary control and the regulation of the banking and the financial systems. The course also gives emphasis to monetary policy in the context of an open economy.
Students will look at important issues in Canadian economic history such as the role of staples, land policy and agriculture, trade and investment policies, industrialization, banking and capital formation and regional variation in economic development. They will also become acquainted with basic concepts and methods of economic analysis which will help them to analyze important events in Canadian economic history.
Students will examine the links between the economy and the environment. They will use economic principles to explain why environmental problems occur in a market economy and study how economic policy instruments can be used to deal with these problems.
This course uses economic theory to examine the decision making processes that underlie the supply of and the demand for labour in the Canadian economy, with emphasis on the role of labour markets in determining wages and employment levels. They will analyze relevant labour market structures, theories that predict the outcome of collective bargaining, and policies with respect to unemployment and retraining.
Students will study microeconomic theory at an intermediate level including such topics as consumer theory, production and cost, the firm under different market structures, markets with asymmetric information, and selected additional topics. They will learn to pose and solve economic problems.
Students will study intermediate macroeconomic theory and use it to help explain long-and short-run macroeconomic performance. They will contrast the long-run outcomes predicted by the classical market clearing model with short-run outcomes predicted by the IS-LM/Aggregate Demand-Aggregate Supply models. They will also study macroeconomic policy debates, open economy issues and recent developments in macroeconomic theory.
Students will examine the economics of international trade and finance with an emphasis on international economic policy. They will study the determinants of international trade, balance of payments, and the determination of exchange rates. Students will also analyze trade policy including tariff and non-tariff barriers, capital mobility and the political economy of protection and exchange rate policy.
