Academic Calendar 2007 Table of Contents Office of the Registrar Western Homepage
Academic Calendar 2008 UNDERGRADUATE COURSE INFORMATION Economics (SS)
INTRODUCTION
UNDERGRADUATE SESSIONAL DATES
STUDENT SERVICES
ACADEMIC INFORMATION
STUDENT FINANCIAL SERVICES
FACULTIES
UNDERGRADUATE COURSE INFORMATION
FACULTY MEMBERS
AFFILIATED UNIVERSITY COLLEGES
GLOSSARY
NEW MODULES/PROGRAMS
TABLE OF CONTENTS
Economics (SS)

Note:  In order to find a course in the new 4 digit numbering system using an old 3 digit number, please refer to the conversion list below. Before registering for courses with the new 4 digit numbering system, please ensure that you have not previously taken the course in its 3 digit form.

Click here for conversion list of former 3-digit course numbers.

 
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: 2 lecture hours, 1 tutorial hour, 1.0 course.
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Economics 2116A/B - Economic History of Canada I
The economic development of Canada with emphasis on the emergence from a simple society based on staples to a complex industrial society. Topics include the meaning and measurement of economic growth, the staple thesis, agriculture in central Canada, commercial policy before 1867, and population growth.
Antirequisite(s): Economics 3341F/G, 3342F/G
Prerequisite(s): Economics 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2117A/B - Economic History of Canada II
The economic development of Canada with emphasis on the period since the mid-nineteenth century. Topics include: the mobilization of capital; historical aspects of foreign investment, transportation and the investment in infrastructure; the Wheat Boom and westward expansion; and an historical view of the Canadian business cycle.
Antirequisite(s): Economics 3342F/G
Prerequisite(s): Economics 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 or the former Economics 222a/b, Health Sciences 2800 or the former Health Sciences 201, Statistical Sciences 2858B, and all other courses or half courses in Introductory Statistics except Statistical Sciences 1023A/B and 1024A/B.
Prerequisite(s): Economics 1020, and MHF4U or MCV4U, or Mathematics 0110A/B, or the former OAC Calculus or MCB4U.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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; and 0.5 course from: Mathematics 1225A/B, Calculus 1000A/B, 1100A/B; plus 0.5 course from Calculus 1301A/B, 1501A/B, Mathematics 1229A/B, Linear Algebra 1600A/B, or the former Mathematics 030.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
Antirequisite(s): Economics 3325F/G, Economics 3343F/G.
Prerequisite(s): 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.
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Economics 2126F/G - The International Economy In Historical Perspective I
A study of the economic history of major nations in the recent past concentrating on Europe and North America. Topics include: the early modern economy in Europe; British industrialization; and later industrialization.
Antirequisite(s):
Prerequisite(s): Economics 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 1020.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2128A/B - Economics of China
This course examines economic development of the People's Republic of China since 1949. It analyses China's economic successes and failures during the Maoist era and the reform period. Topics include state versus private ownership, foreign trade and investment in China, rural and urban reforms, inequality and poverty, and human development.
Antirequisite(s): Economics 3311F/G;
Prerequisite(s): Economics 2150A/B and Economics 2152A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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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 students be taking or have taken this course before enrolling in Economics 2139F/G.
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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 1020, and the former Mathematics 030; or 0.5 course from: Mathematics 1225A/B, Calculus 1000A/B, 1100A/B; plus 0.5 course from Calculus 1301A/B, 1501A/B, Mathematics 1229A/B, Linear Algebra 1600A/B.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
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Economics 2142A/B - Principles of Mathematical Economics II
An extension of the techniques of Economics 2141A/B to include differential and difference equations. An analysis of economic growth and fluctuations, resource extraction, and other dynamic models.
Antirequisite(s): Economics 3310A/B
Prerequisite(s): Economics 2141A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
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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 1020, and MHF4U or MCV4U, or Mathematics 0110A/B, or the former OAC Calculus or MCB4U.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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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 1020, and MHF4U or MCV4U, or Mathematics 0110A/B, or the former OAC Calculus or MCB4U   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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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
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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 Economics 3345A/B.
Prerequisite(s): Economics 2150A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 Economics 3345A/B
Prerequisite(s): Economics 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2157F/G - Urban Economics
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.
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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.
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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.
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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 1020   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2162A/B - Comparitive 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 World War II and their relevance for international commerce are studied.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B and Economics 2152A/B.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2163A/B - International Trade
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 World War II and their relevance for international commerce are studied.
Antirequisite(s): Economics 3352A/B   
Prerequisite(s): Economics 2150A/B   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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, Economics 3370A/B.  
Prerequisite(s): Economics 2152A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
Prerequisite(s): Economics 2151A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2166F/G - Economics of Air Transportation
Microeconomic theory and empirical techniques are applied to the study of national and international air transport. Topics may include demand analysis, costs of airport/airline operations, changes in technology organization of the airline industry, regulation and public policy, and pricing.
Antirequisite(s):
Prerequisite(s): Economics 1020
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2169F/G - Economics of Health Care
Examination of health as an economic good and the economics of health services. Topics include international comparison of health services systems, private versus public financing, consequences of information asymmetry between buyers and sellers of medical services, and valuation of life and health in cost-benefit analysis.
Antirequisite(s): The former Health Sciences 169F/G.
Prerequisite(s): Economics 1020  
Corequisite(s): Economics 2150A/B  
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2171F/G - Comparative Economic Systems
A course on how alternative economic systems resolve economic problems. Compares in theory and practice different forms of economic organization found in the capitalist and (formerly) socialist world. Possible topics include: forms of ownership, pricing and valuation, incentives, planning versus markets, and the reform or transition of socialist economies.
Antirequisite(s):
Prerequisite(s): Economics 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2172A/B - Natural Resource and Environmental Economics
Economic issues pertaining to the exploitation and conservation of renewable and nonrenewable natural resources such as fisheries, forests and energy. The course also explores the tension between economic growth and environmental quality and evaluates alternative approaches to environmental problems.
Antirequisite(s): Economics 3374A/B, 396a/b (if taken in 2001-02).
Prerequisite(s): Economics 2151A/B   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2176F/G - Economic Analysis of Law: Property Rights and Contracts
Economic analysis of basic common law and legal institutions. The course will begin with an in-depth treatment of the development and enforcement of property rights. The tools of economic analysis will be used to discuss property, contract, and torts law. No prior knowledge of law is expected of the students.
Antirequisite(s): Economics 3366A/B  
Prerequisite(s): Economics 2151A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2177A/B - Economic Analysis of Law: Selected Applications
Economic analysis of criminal law, family law, intellectual property law, jury selection, tax law, and law enforcement procedures.
Antirequisite(s): Economics 3367A/B   
Prerequisite(s): Economics 2151A/B   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2182F/G - Economics of Sports
The goal of this course is to apply basic economic tools to specific questions and problems in the sports industries. These tools include supply and demand analysis, basic game theory, wage determination in competitive and monopsonistic models, theories of the firm, models of imperfect competition, and probability.
Antirequisite(s):
Prerequisite(s): Economics 2151A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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Economics 2186A/B - Special Topics in Economics
Topics to be posted by Department.
Antirequisite(s): Economics 2295A/B and the former 296a/b 298a/b.  
Prerequisite(s): Economics 1020  
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.
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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 permission from the Department.
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Economics 2188F/G - Special Topics in Economics II
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 permission from the Department.
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Economics 2196A/B - Economic History of the United States I
An historical analysis of the economic development of the United States since 1790. Topics include: labor and the economy; the role of government; transportation; and agriculture.
Antirequisite(s):
Prerequisite(s): Economics 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2197A/B - Economic History of the United States II
A continuation of Economics 2196A/B. Topics include: evolution of a national market; technological change; the structure of industry; industrial concentration; and economic fluctuations.
Antirequisite(s):
Prerequisite(s): Economics 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Enrolment in the following 2000-4999 courses will be restricted to students registered in the Honors Economics program, an Honors Specialization in Economics, in a combined honors program with Economics, or a Major in Economics on Main Campus.
 
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 1020, and the former Mathematics 030; or 0.5 course from: Mathematics 1225A/B, Calculus 1000A/B, 1100A/B; plus 0.5 course from Calculus 1301A/B, 1501A/B, Mathematics 1229A/B, Linear Algebra 1600A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
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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 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 hypotheses; simple linear regression for normal and non-normal populations.
Antirequisite(s): Economics 2122A/B, Health Sciences 2800 or the former Health Sciences 201, Statistical Sciences 2858B, and all other courses or half courses in Introductory Statistics except Statistical Sciences 1023A/B and 1024A/B.
Prerequisite(s): Economics 1020, and the former Mathematics 030; or 0.5 course from: Mathematics 1225A/B, Calculus 1000A/B, 1100A/B; plus 0.5 course from Calculus 1301A/B, 1501A/B, Mathematics 1229A/B,  Linear Algebra 1600A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2288F/G - Economic Policy I
This course deals with contemporary microeconomic policy issues of the Canadian economy. Specific attention is paid to policy issues arising in agriculture, renewable and non-renewable resources (including energy), manufacturing, and the service sector (including health and education). Contemporary issues in trade, regional and industrial policy are also discussed.
Prerequisite(s): Economics 2260A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2289F/G - Economic Policy II
This course deals with contemporary issues in macroeconomic policy with specific references to Canada. Alternative theories of stabilization policy are developed and applied. A discussion of the financial sector in Canada will also be included.
Prerequisite(s): Economics 2220A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 2295A/B - Special Topics in Economics II
An analysis of current topics in economics.
Antirequisite(s): Economics 2186A/B  
Prerequisite(s): Economics 1020  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3310A/B - Principles of Mathematical Economics II
A continuation of Economics 2210A/B (implicit differentiation and differential equations) with applications including: supply and demand analysis; and dynamic economic models.
Antirequisite(s): Economics 2142A/B  
Prerequisite(s): Economics 2210A/B or Economics 2141A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 1 tutorial hour, 0.5 course.
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Economics 3311F/G - Economics of China
This course examines economic development in the People's Republic of China since 1949. It analyzes China's economic successes and failures during both the Maoist era and reform period. Topics covered include socialist economic strategies, planning versus markets, income distribution, foreign trade and ownership.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3312A/B - The Global Trading System
Macroeconomic theory and policy as related to: investment; the labor market; interactions between the real and monetary sectors; and the international economy.
Antirequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3321A/B - Advanced Macroeconomics II
Macroeconomic theory and policy as related to: investment; the labor market; interactions between the real and monetary sectors; and the international economy.
Antirequisite(s):
Prerequisite(s): Economics 3320A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3324F/G - Economic Development I
A review of the economic problems of the third world to develop some understanding of the causes of economic backwardness and the process of economic development. Topics considered include: theories of economic growth and development; sources of economic growth; rural-urban migration; and the role of agriculture.
Antirequisite(s): Economics 2124A/B  
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3325F/G - Economic Development II
A continuation of Economics 3324F/G. The focus will be on income distribution, international aspects of economic development, and problems of financing economic development. Examples will be drawn from a variety of countries.
Antirequisite(s): Economics 2125A/B  
Prerequisite(s): Economics 3324F/G  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3326F/G - The Economic History of Europe I
A study of economic changes in Europe since the eighteenth century, with special reference to the economic history of England, France and Germany. Topics will include the problems of transforming traditional societies and the creation of a sophisticated manufacturing sector.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B and Economics 2260A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3327F/G - Economic History of Europe II
A study of Europe in the world economy since the mid-nineteenth century. Topics include the growth of the international economy, relative economic performance, and monetary and business cycle difficulties in the twentieth century.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B and Economics 2260A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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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.
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Economics 3330A/B - Advanced Monetary Theory
A detailed analysis of the foundations of monetary theory. Topics include money in general equilibrium and money and exchange.
Antirequisite(s): Economics 3371A/B  
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3331A/B - Advanced Monetary Policy
A detailed survey of the advances in monetary policy. Topics include financial intermediation, the monetary transmission mechanism, and monetary policy.
Antirequisite(s): Economics 3371A/B  
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3332A/B - Financial Economics
This course will be concerned with the determination of asset prices. Topics include market efficiency, portfolio choice, derivative securities, and the term structure of interest rates.
Antirequisite(s): Economics 3398A/B (if taken in 2000-01, 2001-02).  
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s): Economics 3320A/B  
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.  
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.  
Prerequisite(s): Economics 2261A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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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.
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Economics 3353A/B - International Finance
Topics to be covered include the theory of balance of payments adjustment and the problems of international liquidity.
Antirequisite(s): Economics 2164A/B, Economics 3370A/B.  
Prerequisite(s): Economics 2221A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3364A/B - Industrial Organization I
An introduction to the modern theory of Industrial Organization. This course introduces the principles of game theory and applies them to the oligopoly problem. It also discusses issues such as: reasons for the existence of firms; the problem of vertical integration; and the incentives for cooperative behavior among firms.
Antirequisite(s): Economics 3357A/B  
Prerequisite(s): Economics 2261A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3365A/B - Industrial Organization II
This course builds on the material from Economics 3364A/B. It considers issues such as: incentives for firms to differentiate their products; firms' provision of product warranties; the role of advertising and incentives for firms to reduce competition through entry-prevention. It also relates these issues to Canadian anti-combines legislation.
Antirequisite(s): Economics 3357A/B  
Prerequisite(s): Economics 3364A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3366A/B - Economics and Law I
A basic course applying economic theory to the law and to legal and economic institutions. Topics covered include: the evolution and efficiency of property rights; crime and punishment; the modern corporation; torts; contracts; and non-contractual arrangements. No previous knowledge of law is required.
Antirequisite(s): Economics 2176F/G  
Prerequisite(s): Economics 2261A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3367A/B - Economics and Law II
Special topics in the economics of legal institutions: civil and criminal procedure; discrimination; civil liberties and the constitution; advertising and other markets in ideas. No previous knowledge of law is required.
Antirequisite(s): Economics 2177A/B
Prerequisite(s): Economics 2261A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3368A/B - Political Economy I
This course will provide a survey of some major contributions to political economy including voting, the functions of democratic institutions, bureaucracy and dictatorship.
Antirequisite(s):
Prerequisite(s): Economics 2150A/B or Economics 2260A/B, or permission of the Department.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3369A/B - Political Economy II
This course will explore some major contributions to political economy, including interest groups, the politics of economic growth, regimes in transition to democracy, federalism and rights.
Antirequisite(s): The former Political Science 369.
Prerequisite(s): Economics 2150A/B or Economics 2260A/B and Political Science 1020E or permission of the Department.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 2 lecture hours, 0.5 course.
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Economics 3374A/B - Natural Resource and Environmental Economics
The aim of this course is to develop the economist's approach to environmental problems and natural resource use and to evaluate the effectiveness of various policies that governments have used to solve environmental problems and improve natural resource use.
Antirequisite(s): Economics 396a/b (if taken in 2000-01, 2001-02) and Economics 2172A/B.
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3376F/G - Economic History of North America I
The study of the economy of North America from European settlement to the mid-nineteenth century. Topics include analysis of the role of export staples, the process of colonial settlement, the economics of American slavery, early industrialization and the effects of tariffs.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B and Economics 2260A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3377F/G - Economic History of North America II
The study of the United States and Canadian economies since the mid-nineteenth century. Topics will include the role of world markets in Western settlement, the emergence of modern industrial economies, and the turbulence of the interwar years.
Antirequisite(s):
Prerequisite(s): Economics 2220A/B and Economics 2260A/B.   
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3382A/B - Advanced Microeconomics I
Theories of expected utility and uncertainty, and game theory.
Antirequisite(s): Economics 3381A/B  
Prerequisite(s): Economics 2210A/B (or equivalent in the Department of Mathematics, Actuarial Science or Statistics), Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3383A/B - Advanced Microeconomics II
Topics in advanced micro theory; topics will vary with the interests of the students and instructor.
Antirequisite(s):
Prerequisite(s): Economics 3382A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3384F/G - History of Economic Thought I
This course will deal with theories of production, distribution and value from the mid-18th to the early 20th century.
Antirequisite(s): Economics 3309F/G  
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3385F/G - History of Economic Thought II
This course will deal with the development of theories of money and banking from the mid-18th to the early 20th century.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, Economics 2261A/B.  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3388A/B - Applied Econometrics I
The aim of this course is to give students extended practical experience in applying the techniques studied in Economics 2222A/B and Economics 2223A/B. Topics include data gathering and the use of popular computing packages to estimate the parameters of various static linear models.
Antirequisite(s):
Prerequisite(s): Economics 2223A/B
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 2 lecture hours, 1 laboratory hour, 0.5 course.
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Economics 3389A/B - Applied Econometrics II
This course extends the practical techniques of Economics 3388A/B to such topics as: maximum likelihood estimation; time series models; multiple equation models; and dynamic models.
Antirequisite(s):
Prerequisite(s): Economics 3388A/B  
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 1 lecture hour, 2 laboratory hours, 0.5 course.
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Economics 3390F/G - Special Topics in Economics and Economic Policy
An analysis of current topics in Economics.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2222A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3399F/G - Special Topics in Economics and Economic Policy
An analysis of current topics in Economics.
Antirequisite(s):
Prerequisite(s): Economics 2221A/B, 2222A/B, 2261A/B.
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 3395A/B-3398A/B - Special Topics in Economics III
An analysis of current topics in Economics.
Antirequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information:
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Economics 4400E - Senior Seminar in Economic Policy
An analysis of economic policy issues of current interest.
Antirequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 2 seminar hours, 1.0 course.
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Econmics 4495A/B - Special Topics in Economics IV
An analysis of current topics in Economics.
Antirequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information: 3 lecture hours, 0.5 course.
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Economics 4499 - Economics Summer Co-op
This course is designated to record whether or not participants have passed or failed the Economics Summer Co-op. This course cannot be used to fulfill any modular or degree requirements. Enrollment in this course is restricted to students enrolled in the Honors Specialization in Economics or a double Major with Economics on main campus.
Antirequisite(s):
Prerequisite(s):
Corequisite(s):
Pre-or Corequisite(s):
Extra Information:
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Academic Calendar 2008 UNDERGRADUATE COURSE INFORMATION Economics (SS)
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