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Thunder Bay • Orillia

Economics (ECON) Courses Listing

Economics 1100 Principles of Economics View Details
Definition of the economic problem. Theory of the firm. Theory of competitive supply. Theory of demand. Monopoly and other market forms. Markets for land, labour, and capital. Income distribution. National income determination and causes of unemployment and inflation. Economic fluctuations and growth. International trade. Flexible and fixed foreign exchange rates. Canadian economic problems and policies.
Credit Weight: 1.0
Offering: 3-0; 3-0
Course Classifications: Type B: Social Sciences

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Economics 2014 Basic Economics - Theory View Details
Statement of the economic problem. Theory of the firm. Theory of demand. Operation of markets and determination of prices. National income determination. The reasons for international trade.
Credit Weight: 0.5
Offering: 0-0; 3-0
Notes: For Forestry degree students
Course Classifications: Type B: Social Sciences

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Economics 2017 Microeconomics I View Details
Intermediate microeconomic theory with special emphasis on applications. Topics include: demand theory and measurement, production and cost theory and measurement, market structure and pricing behaviour, pricing practices, regulation and antitrust law.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Notes: May not be taken as Business 2017.
Course Classifications: Type B: Social Sciences

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Economics 2037 Microeconomics II View Details
A continuation of Microeconomics I. Topics include: welfare economics, public goods, externalities, information theory, principal-agent problems and game theory.
Credit Weight: 0.5
Prerequisite(s): Economics 2017
Offering: 3-1; or 3-1
Course Classifications: Type B: Social Sciences

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Economics 2115 Economic Statistics I View Details
An introduction to probability; random variables, discrete distributions. Analysis of data: measure of dispersion and location; normal, t, chi-square and f tests, contingency tables, analysis of variance; linear regression and correlation.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Notes: May not be taken as Business 1066.
Course Classifications: Type B: Social Sciences

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Economics 2117 Economic Statistics II View Details
Extends the material covered in Economics 2115. Random variables. Probability distributions. The density function. Binomial, normal, and other distributions. Conditional distribution. Independence and covariance. Estimation and estimators. The principle of maximum likelihood. Hypothesis testing. Bivariate and multivariate regression and correlation. The least-squares method. The crucial role of assumptions. The application of statistics to economics is illustrated with lifelike problems throughout.
Credit Weight: 0.5
Prerequisite(s): Economics 2115
Offering: 3-0; or 3-0
Notes: May not be taken as Business 1066.
Course Classifications: Type B: Social Sciences

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Economics 2203 Macroeconomics View Details
National income determination, classical and Keynesian theories of employment, interest and money. Analysis of business cycles, inflation and economic growth. Policy for growth, stability and full employment, in the light of recent theoretical developments.
Credit Weight: 1.0
Prerequisite(s): Economics 1100
Offering: 3-0; 3-0
Course Classifications: Type B: Social Sciences

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Economics 2212 Environmental Economics View Details
An examination of the linkage between economic activity and the environment. Topics include the valuation of environmental amenities, market failure, optimal pollution levels, incentive compatible regulation including pollution permit trading and a comparison of policy in Canada and other countries.
Credit Weight: 0.5
Prerequisite(s): Permission of the Department
Cross-List(s): Environmental Studies 2212
Course Classifications: Type B: Social Sciences

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Economics 2231 Health Economics View Details
Economic analysis of the provision of health care services. Patterns of consumer and producer behaviour; the functioning and regulation of markets for health care; policy issues in the supply of health care services in Canada.
Credit Weight: 0.5
Prerequisite(s):

Permission of the Chair of the Department of Economics

 

Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 2511 Locational Economics View Details
The geographical view of economic activities, examining spatial organization and spatial interaction within and between local, regional, and world economies. Locational characteristics of primary, secondary and tertiary activities are evaluated, focusing on topics of current concern.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Notes: May not be taken as Geography 2511.
Course Classifications: Type B: Social Sciences

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Economics 3111 Labour Economics View Details
An examination of the determination of wages, employment and unemployment. Topics include: theories and applications of labour demand and labour supply, unions, unemployment, discrimination and labour market policy.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3114 International Finance View Details
The balance of payments and its adjustment. The foreign exchange market. Fixed versus flexible exchange rates. Internal-external balance. Demand for international reserves and international liquidity. Capital movements: long and short term. The Eurodollar market. The international monetary system. Canadian-U.S. financial relationships, Canada under floating exchange rates.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3117 Mathematical Economics I View Details
The nature of mathematical economics. Linear economic models. Comparative statics. Optimization: a special variety of equilibrium analysis. Lagrange multipliers. Shadow prices.
Credit Weight: 0.5
Prerequisite(s):

Economics 2017 or permission of the Chair of the Department of Economics

Offering: 3-2; or 3-2
Course Classifications:
  • Type B: Social Sciences
  • Type C: Engineering, Mathematical and Natural Sciences

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Economics 3131 Benefit-Cost Analysis/Project Appraisal View Details
Methods of evaluating private and public projects; decision rules, efficiency conditions and methods of conducting cost-benefit analysis, case studies and applications of the techniques.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications:
  • Type B: Social Sciences
  • Type C: Engineering, Mathematical and Natural Sciences

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Economics 3133 Regional Economics View Details
Economic characteristics of Canadian regions. Models of regional income determination and growth. The effects of space on the price system. Spatial mobility of production factors. Issues in regional policy.
Credit Weight: 0.5
Prerequisite(s): Economics 1100 or Geography 2511
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3211 Economic Development View Details
Theories of economic growth and development are examined in the context of developing countries. Sources of growth, barriers to development, and the role of government in development are emphasized.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3214 History of Economic Thought View Details
A selective examination of economic writings of the 18th, 19th and 20th centuries. The classical economists: Adam Smith, David Ricardo and J.S. Mill. The neo-classical economists: Karl Menger, W.S. Jevons, Leon Walras and Alfred Marshall. Comparisons between earlier writings and modern approaches to microeconomics and macroeconomics. The development of value theory in economics. Methodological aspects of economic analysis and policy. Students will be expected to read selected parts of the original sources and commentaries on these sources.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3215 Money and Banking View Details
An introduction to economics of financial markets and financial institutions, the roles of money and the tools, objectives, and practice of monetary policy.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3313 Public Finance View Details
An introduction to the economics of the public household. Emphasis will be placed on the theory governing tax and expenditure policies. The efficiency of alternative policies will be compared from the viewpoints of allocation, distribution and stabilization criteria. Includes an examination of Canadian tax and expenditure policies.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3319 Economic History View Details
World economic history, especially European experience and its impact on North American development. Evolution of the Canadian economy, its institutions and policies. Theories and methods of economic history. Reviews of classic and recent writing in Canadian and general economic history.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 3412 Industrial Organization View Details
Study of markets with emphasis on monopoly and oligopoly. Topics include product differentiation, entry deterrence, predation, collusion, advertising, vertical restraints, mergers, research and development, strategic behaviour and antitrust policies in Canada, U.S. and the European Union.
Credit Weight: 0.5
Prerequisite(s): Economics 1100
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 4111 International Trade View Details
Ricardian and Heckscher-Ohlin models of international trade. The factor-price equalization theorem. Application of the Heckscher-Ohlin model: the Stolper-Samuelson and the Rybczynski theorems. Tariffs, trade controls and trade liberalization.
Credit Weight: 0.5
Prerequisite(s): Economics 2017 and 2037
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 4117 Mathematical Economics II View Details
A continuation of Mathematical Economics I. Further selected applications of calculus and linear algebra. Equilibrium analysis in economics. Dynamic analysis and stability analysis.
Credit Weight: 0.5
Prerequisite(s): Economics 3117
Offering: 3-1; 0-0
Course Classifications:
  • Type B: Social Sciences
  • Type C: Engineering, Mathematical and Natural Sciences

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Economics 4217 Econometrics and Forecasting View Details
Estimation, forecasting specification problems, statistical inference and hypothesis testing, linear and dynamic models. Computer application using selected examples from business and economics.
Credit Weight: 0.5
Prerequisite(s): One of Economics 2117, Business 1066, Mathematics 2311, Geography 2271 or permission of the Chair of the Department
Offering: 3-1; or 3-1
Course Classifications: Type B: Social Sciences

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Economics 4230 Cliometric Analysis View Details
Cliometrics is the study of economic history that emphasizes the frequent use of statistical and regression estimation techniques. This course applies basic quantitative empirical methods to research in economic history as well as examines techniques of data collection, data management and the design of quantitative history projects. Students will be introduced to the rich literature in quantitative economic history via selected research topics in wealth, economic demography and fertility, nutrition, economic development and industrialization and regional economic history. Part of the course will involve designing and implementing a data collection and analysis project using either historical micro data or macro data.
Credit Weight: 0.5
Prerequisite(s):

Economics 2117 or Business 1066 or permission of the Chair of the Department of Economics

Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 4531 Natural Resource Economics View Details
Renewable versus nonrenewable resources. Role of natural resources in the Canadian economy. Theory of nonrenewable resource exhaustion. Scarcity indicators. Resource taxation. Optimal management of renewables: forests and fisheries.
Credit Weight: 0.5
Prerequisite(s): Economics 2017 and 2037 or 2014
Cross-List(s): Environmental Studies 4531
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 4611 Special Topics View Details
Honours level course. Subject matter determined by the needs and interests of the participating students and faculty.
Credit Weight: 0.5
Prerequisite(s): Permission of the Department
Special Topic: Yes
Offering: 3-0; or 3-0
Course Classifications: Type B: Social Sciences

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Economics 4901 Honours Thesis View Details
Students are required to select a topic and complete a bibliography by the end of September. A faculty advisor (or advisors) will be assigned at that time. The thesis is due in final format at the end of March of the graduating year.
Credit Weight: 1.0
Prerequisite(s):

Permission of the Chair of the Department of Economics

Offering: 3-0; 3-0
Notes: This course is open only to Economic majors registering in the fourth year of the honours program.
Course Classifications: Type B: Social Sciences

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