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)
Globaliztion in an Economic Framework
Students will address theoretical and policy issues related to globalization. They will learn about economic implications of lowered barriers to the international flow of information, capital, labour, and goods. They will study topics including theoretical foundations of globalization, international economic institutions, and the role of globalization in the process of economic development. Students will obtain an introduction to the relevant models, examine the evidence and discuss various arguments that figure in the debate.
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)
Managerial Economics
Students will apply microeconomic theory and quantitative techniques to managerial decision making. They will use these tools to solve problems faced by firms. Students will examine such topics as demand analysis and estimation, production and cost analysis, pricing and output decisions within various market structures, competitive strategies, and risk analysis.
Prerequisites: ECON 1150 and 1250 and (ACCT 1230 or MATH 2315 or 2341 or PSYC 2300)
For graduation purposes students with credit for ECON 2350 cannot take ECON 3150 for further credit
Transferable (refer to transfer guide)
Introductory Econometrics
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.
Prerequisites: ECON 2210 and 2350 and (MATH 2315 or 2341 or PSYC 2300 or ACCT 1230)
Intermediate Microeconomics II
Students will study advanced and applied topics in microeconomic theory. Student will learn topics that include choice under uncertainty, inter-temporal decision-making, transaction cost economics, and the game theory aspects of competitive strategy. Students, within these areas, will learn to identify, analyze, and solve problems commonly experienced in the business world.
Prerequisites: ( ECON 1150 and 1250 and 2350) and (MATH 1120 or 1130 or 1140)
Intermediate Macroeconomics
Students will study third year macroeconomic theory and use it to help explain loneg-and short-run macroeconomic performance. They will analyze long run economic growth models, unemployment, inflation, exchange rates, and interest rates. Students will also examine macroeconomic policy debates, open economy issues and recent developments in macroeconomic theory.
Prerequisites: ECON 1150 and 1250 and MATH 1120 or 1130 or 1140
Transferable (refer to transfer guide)
International Economics
Students will 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.
Prerequisites: ECON 2210 and 2350