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.

Transferable (refer to transfer guide)

Foundation of Economics

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.

Note: Students with credit for ECON 1150 or ECON 1250 may not take ECON 1101 for further credit.

Transferable (refer to transfer guide)

Principles of Microeconomics

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.

Transferable (refer to transfer guide)

Principles of Macroeconomics

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)

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.

Prerequisites: ECON 1150 and 1250

Transferable (refer to transfer guide)

Money and Banking

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.

Prerequisites: ECON 1150 and 1250

Transferable (refer to transfer guide)

Economic History of Canada

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.

Prerequisites: ECON 1150 and 1250

Transferable (refer to transfer guide)

Environmental Economics

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.

Prerequisites: ECON 1150 and 1250

Transferable (refer to transfer guide)

Labour Economics

Students will use 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.

Prerequisites: ECON 1150 and 1250

Transferable (refer to transfer guide)

Intermediate Microeconomics

Students will study the price theory aspects of intermediate microeconomics, with a focus on consumer theory, production and cost, the firm under perfect and imperfect competition, markets for factor inputs, and general equilibrium. Students will learn to identify, analyze, and solve microeconomic problems within these topic areas.

Prerequisites: (ECON 1150 and 1250) and (MATH 1120 or 1130 or 1140)

Transferable (refer to transfer guide)