This is an ARCHIVED version of the Kwantlen University College Calendar for
2004-2005 and is provided for historical reference only.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, 2004 to Aug. 31, 2005.
Economics
ECON 1100 cr-3
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.
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 be introduced to the techniques employed in the
estimation and inference of economic modeling. They will learn
the intuitive and practical application of the single-equation linear
regression model and the use of statistical software.
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.
