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Academic Calendar 2013 AFFILIATED UNIVERSITY COLLEGES AFFILIATED UNIVERSITY COLLEGE COURSE INFORMATION Economics (AC)
INTRODUCTION
UNDERGRADUATE SESSIONAL DATES
STUDENT SERVICES
ACADEMIC INFORMATION
STUDENT FINANCIAL SERVICES
FACULTIES
UNDERGRADUATE COURSE INFORMATION
FACULTY MEMBERS
AFFILIATED UNIVERSITY COLLEGES
GLOSSARY
NEW MODULES/PROGRAMS
FIRST YEAR UPDATES
TABLE OF CONTENTS




Economics (AC)
Economics 1020 - Introduction to Economics
The problem of scarcity and its implications, choice; opportunity cost, specialization and exchange; supply and demand; economic choices of households and firms; competition and monopoly; resource markets; public policy; income distribution; national income; aggregate supply and aggregate demand; inflation, unemployment and interest rates; money and monetary institutions; balance of payments; and exchange rates.
Antirequisite(s):
Prerequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1.0 course.
(Brescia, Huron, King's)
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Economics 1021A/B - Principles of Microeconomics
The problem of scarcity and its implications, choice; opportunity cost, specialization and exchange; supply and demand; economic choices of households and firms; competition and monopoly; resource markets; public policy; income distribution.
Antirequisite(s): Economics 1020.
Prerequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Brescia, Huron, King's)
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Economics 1022A/B - Principles of Macroeconomics
National income; aggregate supply and aggregate demand; inflation, unemployment and interest rates; money and monetary institutions; economic growth; balance of payments; and exchange rates.
Antirequisite(s): Economics 1020.
Prerequisite(s):
Corequisite(s):
Pre-or Corequisite(s): Economics 1021A/B. Students are strongly advised to take Economics 1021A/B before taking Economics 1022A/B.
Extra Information: 3 lecture hours, 0.5 course.
(Brescia, Huron, King's)
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Economics 2111F/G - Economic History of Canada I
The economic development of Canada pre-confederation with emphasis on the nineteenth century. Topics include: the staples theory of economic history, the European background, population growth, agriculture and land settlement, money and banking, growth of capital and investment, industrialization, government revenues and expenditures, and the development of industry and transportation systems.
Antirequisite(s): Economics 2116A/B, 3315E, 3341F/G, or the former Economics 110E.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020 or the former Economics 021.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2112F/G - Economic History of Canada II
The economic growth of post-Confederation Canada with emphasis on the twentieth Century. Topics include: approaches to and theories of economic history, the growth of population, urbanization, capital, investment, industrial structure, infrastructure, money and banking, as well as public policy regarding business cycles, unemployment, inflation, free trade and globalization.
Antirequisite(s): Economics 2117A/B, 3342F/G, the former Economics 110E.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020 or the former Economics 021.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2114F/G - Asian Economies
This course describes and analyzes the development of the economies of Asia since 1945. Particular attention is paid to the successes and failures of government policies in promoting economic growth in the region.
Antirequisite(s): The former Economics 178a/b if taken at Huron in 1994/95, 1995/96, 1996/97.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 2120A/B - The Financial Economics of the Firm
Links between economic variables and the financial health of the firm are examined, including the nature of the firm and its requirement for funds, long-term capital investment evaluation, firm growth and working capital requirements and measures of the financial health of the firm.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 2121A/B - The Firm and Financial Markets
The course examines the structure and workings of financial markets as sources of funds to the firm. The behaviour of banks, bond and equity markets and international currency markets are considered.
Antirequisite(s): Economics 3346A/B
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 2122A/B - Econometrics I
An introduction to econometric description and inference which covers: descriptive statistics for cross-section and time-series samples, probability; probability distributions and random variables; estimators and sampling distributions; confidence intervals and tests of hypotheses; simple linear regression.
Antirequisite(s): Economics 2222A/B, the former Health Sciences 2800 or Health Sciences 201, Statistical Sciences 2035, 2858A/B and all other courses or half courses in Introductory Statistics except Statistical Sciences 1023A/B and 1024A/B.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020, and one of MCV4U or Mathematics 0110A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2123A/B - Econometrics II
An introductory course in regression analysis which covers: multivariate probability distributions; the classical linear regression model; heteroskedasticity; autocorrelation; introduction to time series; dynamic linear models; diagnostic testing; instrumental variables; nonlinearities and limited dependent variables.
Antirequisite(s): Economics 2223A/B.
Prerequisite(s): Economics 2122A/B; 0.5 course from: Mathematics 1225A/B, Calculus 1000A/B, 1100A/B; and 0.5 course from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; OR the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2124A/B - Economic Development I
A review of the economic problems of the third world and the nature of the process of economic development. Topics may include: structure of developing countries' economies; theories of economic growth and development; development and human welfare; planning and markets; human resources in development.
Antirequisite(s): Economics 3324F/G, 3343F/G.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2125A/B - Economic Development II
Topics will include savings and the financing of capital formation in the development process; the role of international trade and capital flows; natural resources and agriculture in economic development. Topics will include savings and the financing of capital formation in the development process; the role of international trade and capital flows; natural resources and agriculture in economic development.
Antirequisite(s): Economics 3325F/G, 3343F/G.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
Note: Although Economics 2124A/B is not a formal prerequisite, certain additional readings may be assigned to students who have not taken that course.
(Huron, King's)
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Economics 2127F/G - The International Economy in Historical Perspective II
A study of the emergence of the international economy since the late nineteenth century. Other topics will include: the interwar experience; the evolution of the modern state; and the economic experience since World War II.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 2138F/G - Microeconomic Policy
This course deals with contemporary microeconomic policy issues of the Canadian economy. Topics may include industrial and environmental regulation, trade policy, public finance and labour markets.
Antirequisite(s): Economics 2140E, 2288F/G, 3319F/G.
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2139F/G - Macroeconomic Policy
This course deals with contemporary macroeconomic policy issues of the Canadian economy. Topics may include monetary policy, fiscal policy, finance, exchange rates and interest rates.
Antirequisite(s): Economics 2140E, 2289F/G, 3319F/G.
Prerequisite(s): Economics 2152A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
Even though Economics 2153A/B is not a prerequisite, it is recommended that students should be taking, or have taken, this course before enrolling in Economics 2139F/G.
(King's)
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Economics 2140E - Seminar in Economic Policy
A discussion of policy issues of current interest.
Antirequisite(s): The former Economics 200 or 300.
Prerequisite(s): Economics 2150A/B, 2151A/B or 2152A/B, 2153A/B or the former Economics 130 or 133.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 seminar hours, 1.0 course.
(Huron)
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Economics 2141A/B - Principles of Mathematical Economics I
An introduction to mathematical economics, showing the application of linear algebra, differential calculus and constrained optimization techniques to the modelling of decision making by economic agents. Examples include analysis of the consumer resource allocation problem and of the selection of preferred production plans by various types of firms.
Antirequisite(s): Economics 2210A/B.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020 and 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
(Huron, King's)
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Economics 2145 - Special Topics in Economics
Topics to be posted by the King's College Department.
Antirequisite(s):
Prerequisite(s): A 1020 level Economics course.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1.0 course.
Students may not count more than one special topics course toward a degree without special permission from the Department.
(King's)
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Economics 2148 - Special Topics in Economics
Topics to be posted by the Department.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1.0 course.
Students may not count more than one special topics course toward a degree without special permission of the Department.
(Huron)
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Economics 2150A/B - Intermediate Microeconomic Theory I
Theories of the behavior of consumers and firms and the theory of competitive markets.
Antirequisite(s): Economics 2260A/B
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; and one of MCV4U or Mathematics 0110A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2151A/B - Intermediate Microeconomic Theory II
Theories of imperfectly competitive markets and the markets for factors of production; game theory, general equilibrium and welfare economics.
Antirequisite(s): Economics 2261A/B
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2152A/B - Intermediate Macroeconomic Theory and Policy I
National income accounts, price indexes, theories of aggregate demand and aggregate supply; rational expectations; the determination of real income, employment, wages, the rate of interest and the price level.
Antirequisite(s): Economics 2220A/B
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; and one of MCV4U or Mathematics 0110A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2153A/B - Intermediate Macroeconomic Theory and Policy II
Inflation; unemployment; economic growth and fluctuations; the determination of the balance of payments and the exchange rate; and monetary and fiscal stabilization policies in closed and open economies.
Antirequisite(s): Economics 2221A/B
Prerequisite(s): Economics 2152A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2154A/B - Money
This half course in intermediate monetary theory covers such topics as: the flow of funds, a detailed analysis of the demand for money, the behavior of financial institutions and issues in monetary policy.
Antirequisite(s): Economics 3371A/B
Prerequisite(s): Economics 2152A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2155A/B - Labor Economics – Theory
The theory of labor economics encompasses the questions of the supply of and demand for labor in aggregate and of various skills in particular. Alternative approaches to these intermediate problems will be discussed as well as their final outcome, the distribution of earnings and the level of unemployment.
Antirequisite(s): Economics 3344A/B and 3345A/B.
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2156A/B - Labor Economics – Bargaining
The economic and legal aspects of labor relations will be approached under some or all of the following headings: the history and origin of the trade union movement, the economics of trade unions, labor law, wage/price controls and the relationship of unions, firms and governments.
Antirequisite(s): Economics 3344A/B and 3345A/B.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2157F/G - Urban Economics I
A policy oriented analysis of the economic problems of cities. Topics include urbanization, location of residences and employment, housing, transportation, pollution, urban poverty, crime and fiscal problems.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 2159A/B - Public Finance – Expenditure
A survey of the role of government in a market economy, effects of public expenditures, and collective decision-making in a Canadian setting.
Antirequisite(s): Economics 3328A/B
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2160A/B - Public Finance – Revenue
A survey of the theory of taxation, economic effects of various federal, provincial, and municipal taxes, and issues in tax reform in a Canadian context.
Antirequisite(s): Economics 3329A/B
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2161F/G - Income Distribution and Poverty
The distribution of income and wealth, economic explanations of inequality and poverty, and an analysis of government economic policies aimed at achieving a more equal distribution.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2162A/B - Comparative International Business
Business practices around the world as well as the market structures found in countries in the major trading blocs (Europe, North America, Japan, Asia, Latin America) are examined. Country risk, financial aspects, the history of global economic institutions since WWII and their relevance for international commerce are studied.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B and 2152A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2163A/B - International Trade
An analysis of commodity trade and foreign investment among nations. The welfare effects associated with international trade and the effects of government interference with free trade receive special attention.
Antirequisite(s): Economics 3352A/B
Prerequisite(s): Economics 2150A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2164A/B - International Finance
A discussion of macroeconomic topics relevant to an open economy: the foreign exchange market, balance of payments accounting, macroeconomic models, intervention policy, and exchange rate regimes.
Antirequisite(s): Economics 3353A/B, 3370A/B.
Prerequisite(s): Economics 2152A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2165F/G - Industrial Organization
This course is concerned with monopoly power: how it is measured, how it arises, its effects, and what might be done about it. Topics covered will include industrial concentration, barriers to entry, theories of imperfect competition, foreign ownership, advertising, innovation, discrimination, regulation, and Canadian Competition Policy.
Antirequisite(s): Economics 3357A/B, 3364A/B, 3365A/B.
Prerequisite(s): Economics 2151A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2170A/B - Environmental Economics
This course in applied microeconomics examines the connections between market failure, environmental problems, and government regulation. Topics include externalities, cost benefit analysis, public goods, the global environment, and the valuation of non-market goods.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B or 2260A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 2178A/B - Special Topics in Economics
Topics to be posted by the Department.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
Students may not count more than one special topics course toward a degree without special permission from the Department.
(Huron)
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Economics 2179A/B - Special Topics in Economics
Topics to be posted by Department.
Antirequisite(s):
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
Students may not count more than one special topics course towards a degree without special permission from the Department.
(Huron)
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Economics 2180A/B - Current Issues in Government Economic Policy
This course will deal with current economic issues such as: monetary policy, energy, regional economics, federal-provincial fiscal relations, poverty, economics of the constitution.
Antirequisite(s): Economics 2288F/G, 2289F/G, 3319F/G.
Prerequisite(s): Economics 2150A/B and 2152A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
This course cannot be counted towards an area of concentration in Economics by students who declare an Economics concentration after September 1, 1983. Priority is given to students in good standing in the third year of the Administrative and Commercial Studies Program; others admitted by special permission.
(King's)
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Economics 2184A/B - Cost-Benefit Analysis
This course will deal with the reasons for using cost-benefit analysis (market failures, the efficiency-equity conflict), techniques of measuring costs and benefits, and various applications of cost-benefit analysis.
Antirequisite(s):
Prerequisite(s): Economics 2151A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 2187F/G - Special Topics in Economics I
Topics to be posted by Department.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B and Economics 2152A/B or permission of the Department.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
Students may not count more than one full or equivalent special topics course in Economics toward a degree without special permission from the Department.
(King's)
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Economics 2210A/B - Principles of Mathematical Economics I
An introduction to the principles of mathematical economics (linear and matrix algebra, differential calculus, maximization and constrained maximization) with applications including the theory of the firm and consumer theory.
Antirequisite(s): Economics 2141A/B
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
(Huron, King's)
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Economics 2220A/B - Intermediate Macroeconomics I
The theory and applications of: national income accounts; income determination; consumption; investment; and the demand for money.
Antirequisite(s): Economics 2152A/B.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2221A/B - Intermediate Macroeconomics II
Issues in macroeconomic theory and policy. Topics include: inflation; income determination in the open economy; and the balance of payments and stabilization policy in closed and open economies.
Antirequisite(s): Economics 2153A/B
Prerequisite(s): Economics 2220A/B; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2222A/B - Intermediate Econometrics I
An introduction to econometric description and inference which covers: descriptive statistics for cross-section and time-series samples; probability, discrete and continuous probability distributions, random variables; estimators and sampling distributions; confidence intervals and tests of hypothesis; simple linear regression for normal and non-normal populations.
Antirequisite(s): Economics 2122A/B, the former Health Sciences 2800 or Health Sciences 201, Statistical Sciences 2035, 2858A/B and all other courses or half courses in Introductory Statistics except Statistical Sciences 1023A/B and 1024A/B.
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2223A/B - Econometrics II
An introductory course in regression analysis which covers: multivariate probability distributions; the classical linear regression model; heteroskedasticity; autocorrelation; introduction to time series; unit roots and cointegration; dynamic linear models; diagnostic testing; instrumental variables; nonlinearities and limited dependent variables.
Antirequisite(s): Economics 2123A/B
Prerequisite(s): Economics 2222A/B; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2260A/B - Intermediate Microeconomics I
Theories of consumer and firm behavior and equilibrium in competitive markets.
Antirequisite(s): Economics 2150A/B
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2261A/B - Intermediate Microeconomics II
Theories of monopoly markets, general equilibrium and welfare economics, game theory, public goods and externalities.
Antirequisite(s): Economics 2151A/B
Prerequisite(s): Economics 2260A/B; 0.5 from Mathematics 1225A/B, Calculus 1000A/B, 1100A/B, and 0.5 from Mathematics 1229A/B, Calculus 1301A/B, 1501A/B, the former Linear Algebra 1600A/B; or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 2300A/B - Investment and Financial Markets
This course provides an introduction to investment strategies and financial markets with an emphasis on the Canadian Financial System.
Antirequisite(s): Economics 2121A/B and 3346A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(King's)
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Economics 3309F/G - Comparative Schools of Economic Thought
The course will cover several of the main schools of economic thought. The approach will be a comparative one focused on the current state of development of each school, comparing methodological practices, research agendas, assumptions, evidence and conclusions.
Antirequisite(s): Economics 3384F/G
Prerequisite(s): Economics 2221A/B, 2261A/B, or permission of the Department.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3313E - Research Methods
Using selected examples, this course will introduce students to the variety of ways to conduct research in applied economics. Students will be exposed to different analytical techniques, examples of modelling problems, data collection issues and hypothesis testing.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2223A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 seminar hours, 1.0 course.
(Huron, King's)
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Economics 3314A/B - The Economics of the Pacific Rim
This course analyzes the current growth strategies of eight `High Performance Asian Economies', as well as the ongoing transition of China's economic policies from a centrally-planned to a market-oriented approach.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 3315E - Canadian Economic History - A Topical Approach
A topical approach to Canadian Economic History emphasizing the nineteenth and twentieth centuries; theories of history, micro and macro theory in economic development and growth. Topics include fish, fur, lumber, agriculture, mining, energy resources, transportation, population growth, industrialization, development and expansion of markets, economic booms and depressions, regional differentiation.
Antirequisite(s): Economics 2116A/B, 2117A/B, 3341F/G, 3342F/G or the former Economics 110E. 
Prerequisite(s): Economics 1021A/B and 1022A/B, or Economics 1020 or the former Economics 021.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture/seminar hours, 1.0 course.
(King's)
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Economics 3316A/B - Theory and Policy Issues in Advanced Macroeconomics
Areas considered are economic growth, investment, business cycles, the labour market and international economics.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B and 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 3317A/B - Modern Asian Economies
This course examines current conditions and historical background of Asian economies. Topics include the rise and crisis of the Asian economies, the 'Flying Geese model', Neo-Confucianism, and regional and international economic integration.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B or 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(King's)
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Economics 3319F/G - Canadian Economic Policy
The course will emphasize current economic policy issues. Although topics may vary, suggested topics include the federal government's deficit and the level of the public debt, an examination of tax reform in Canada, the impacts of free trade zones in North America and an evaluation of Canadian monetary policy.
Antirequisite(s): Economics 2288F/G, 2289F/G.
Prerequisite(s): Economics 2221A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3320A/B - Advanced Macroeconomics I
Macroeconomic theory and policy from both a Keynesian and a modern viewpoint. Topics include: determination of national income and price level; microeconomic foundations of macroeconomics; demand for money; and inflation.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3323F/G - Quantitative Economic Modeling
A course to develop technical and quantitative skills in economic model building. Topics include input-output analysis, linear programming, and computable general equilibrium models.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2223A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 3328A/B - Public Finance: Expenditure
A positive and normative analysis of government expenditure, public goods, externalities, economic models of government behavior.
Antirequisite(s): Economics 2159A/B
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3329A/B - Public Finance: Taxation
A positive and normative analysis of government revenues, incentive effects of taxes, tax incidence, Canadian tax policy.
Antirequisite(s): Economics 2160A/B
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3340F/G - Trade Policy Issues
International trade theory is applied and extended to the international agreements and institutions that form the basis of the international trade system. Topics include: Canada's trade patterns and policies; the role of international trade in developing economies; the evolution of the GATT; and the current problems in international trade.
Antirequisite(s):
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 3341F/G - Approaches to Economics History
This course will examine various theories of Economic History. In addition, considerable time will be devoted to the role of both Macro and Micro economic theory in history. The remainder of the course will deal with early preconfederation topical applications of these theoretical approaches.
Antirequisite(s): Economics 2116A/B
Prerequisite(s): Economics 2220A/B, 2260A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 3342F/G - Canadian Economic History
This course takes a topical approach to studying Canadian Economic History. It systematically applies the theoretical principles developed in Economics-341F.G. Topics include fish, fur and lumber; transportation; population/urbanization; Confederation; the wheat boom; the Great Depression; World War II economy; the new Industrialization of the 1950s and 1960s.
Antirequisite(s): Economics 2116A/B, 2117A/B.
Prerequisite(s): Economics 3341F/G
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 3343F/G - Economic Development Studies
An examination of the causes of economic backwardness and the process of economic development. Topics will include: theories of economic growth and development; role of agriculture; rural- urban migration; development finance; international aspects of development.
Antirequisite(s): Economics 2124A/B, 2125A/B, 3324F/G, 3325F/G.
Prerequisite(s): Economics 2221A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 3344A/B - Labor Economics I
A study of the labor market, including wage and employment determination, labor force participation, investment in labor market skills and unions.
Antirequisite(s): Economics 2155A/B, Economics 2156A/B, and Economics 3391A/B taught at King's in 2006-2007 and 2007-2008.  
Prerequisite(s): Economics 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course. 
(King’s)
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Economics 3345A/B - Labor Economics II 
Covers topics on the "new labor economics" including economics of discrimination, fertility, marriage, health and crime.
Antirequisite(s): Economics 2155A/B, Economics 2156A/B, and Economics 3391A/B taught at King's in 2006-2007 and 2007-2008.  
Prerequisite(s): Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course. 
(King’s)
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Economics 3346A/B - Financial Markets
Microeconomic theory is applied to Canadian and international financial systems. The focus is on the theory of financial markets and their interaction with the firm sector. Topics include risk and portfolio balance, the capital asset pricing model, the term structure of interest rates, and international financial and foreign exchange markets.
Antirequisite(s): Economics 2121A/B
Prerequisite(s): Economics 2221A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 3352A/B - International Trade
This course explains why nations trade, what are the gains from trade, what determines the pattern of trade, and what are the causes and consequences of various restrictions on trade such as tariffs, quotas, and voluntary export restraints. Foreign investment and the theory of the multinational enterprise are also discussed.
Antirequisite(s): Economics 2163A/B
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3356A/B - International Financial Markets
An examination of the structure, operation, financial instruments, and recent developments in International Financial Markets. Topics include foreign exchange market mechanics, currency futures, swap, and option markets, and international bond, equity, and money markets.
Antirequisite(s):
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(Huron)
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Economics 3357A/B - Industrial Economics
An examination of behavior of firms, market structures, and economic performance. Topics include: how firms compete, the role of entry barriers, innovation and competitiveness, trade and industrial policies, economic regulation and de-regulation, public enterprise, and competition policy.
Antirequisite(s): Economics 2165F/G, 3364A/B, 3365A/B.
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3370A/B - International Finance
The study of foreign exchange markets and countries' policies towards balance of payments adjustment. Topics include balance of payments accounting, alternative exchange rate regimes, currency markets and hedging, balance of payments adjustment issues, international investment, international liquidity, and the third world debt crisis.
Antirequisite(s): Economics 2164A/B, 3353A/B.
Prerequisite(s): Economics 2221A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3371A/B - Monetary Economics
A critical analysis of monetary theory and its applications, including the demand for money, the supply of money, Canadian financial institutions, the Bank of Canada and the conduct of monetary policy.
Antirequisite(s): Economics 2154A/B, 3330A/B, 3331A/B.
Prerequisite(s): Economics 2221A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3373A/B - Urban Economics
Theoretical and policy issues relating to Canadian cities. Urban topics include: urban growth; location of economic activity in cities; housing; urban transportation; and pollution.
Antirequisite(s): Economics 2157F/G, the former 158a/b.
Prerequisite(s): Economics 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 3381A/B - Advanced Microeconomics I
Theories of expected utility and uncertainty, game theory, oligopoly behavior and industrial organization.
Antirequisite(s): Economics 3382A/B
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron, King's)
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Economics 3386A/B - Time Series Analysis and Forecasting
This course presents econometrics models and techniques that are widely used in modern time series econometrics. Topics will include uni-route test, integration, co-integration, and forecasting.
Antirequisite(s): Statistical Sciences 4861A/B.
Prerequisite(s): Economics 2223A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course.
(King's)
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Economics 3391A/B - Special Topics in Economics: Microeconomics
An analysis of current topics in Microeconomics. Topics to be posted by the Department.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2223A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 3392A/B - Special Topics in Economics: Macroeconomics
An analysis of current topics in Macroeconomics. Topics to be posted by the Department.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2223A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(King's)
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Economics 3393A/B - Special Topics in Economics
Topics to be posted by Department.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B, 2221A/B, 2260A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 3394A/B - Special Topics in Economics
Topics to be posted by Department.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B, 2221A/B, 2260A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
(Huron)
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Economics 4405E - Senior Thesis
Individual guidance in the selection of a topic, research methodology and the writing of a thesis.
Antirequisite(s):
Prerequisite(s): Economics 3313E and permission of the Department.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 1.0 course.
(Huron, King's)
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Economics 4490F/G-4494F/G - Special Topics
Selected topics of current interest in Economics.
Antirequisite(s):
Prerequisite(s): Registration in fourth year of the Honors Specialization in Economics or honors standing in a Major/ Major combination including the Major in Economics, or permission of the Department.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 hours, 0.5 course
(Huron)
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Academic Calendar 2013 AFFILIATED UNIVERSITY COLLEGES AFFILIATED UNIVERSITY COLLEGE COURSE INFORMATION Economics (AC)
Decision Academic