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Economics
Department of Economics, College of Arts and Science

KEY TO COURSE
DESCRIPTIONS
Economics > 400-level+
UNDERGRADUATE DEGREE COURSES

300- and 400-level courses are advanced courses in economics. A junior course in calculus and ECON 111 are prerequisites for all 300- and 400-level courses. Additional prerequisites for specific courses are noted in the course description.

ECON 404.6
Registration Info — 2004-2005 Regular Session» Econometrics
1&2(3L-1P)
Prerequisite(s): ECON 204, 214 and 305.

An introduction to the application of econometric methods to the examination of economic problems. The necessary techniques will be examined in both their theoretical and empirical aspects.

Note: Students may not take both ECON 404 and STATS 344 for credit. Students with credit for ECON 404 may count this course for half credit toward a Statistics major.

ECON 410.3
Registration Info — 2004-2005 Regular Session» Monetary and Fiscal Policy
1(3L)
Prerequisite(s): ECON 214.

Considers the performance, effectiveness and limitation of the tools of macroeconomic policy.

ECON 411.3
Registration Info — 2004-2005 Regular Session» Monetary Theory
2(3L)
Prerequisite(s): ECON 214.

An examination of recent developments in the field of monetary theory. Topics include market-clearing and non-market-clearing models of business cycle fluctuations, rational expectations, the policy ineffectiveness debate, and the time inconsistency of optimal policy.

ECON 412.3
Registration Info — 2004-2005 Regular Session» Welfare Economics and General Equilibrium
2(3L)
Prerequisite(s): ECON 114 and 211 or 213.

Basic principles of constructing general equilibrium models and systematic review of the principles of welfare theory.

ECON 414.3
Registration Info — 2004-2005 Regular Session» Economic Growth
2(3L)
Prerequisite(s): ECON 214.

Looks at the fundamental principles and economic truths common to all countries which have set for themselves the objective of growth and development. This includes the economic obstacles to development and the economic means by which developing countries can raise their rates of growth of output and living standards.

ECON 417.3
Registration Info — 2004-2005 Regular Session» Development Economics
Prerequisite(s): ECON 214.

Studies theories of economic development. Topics include human resources, financial institutions, sectoral composition, international trade, and income distribution.

ECON 450.3
Registration Info — 2004-2005 Regular Session» Strategic Choice
1(3L)
Prerequisite(s): ECON 214.

A study of game theory - the analysis of choice in situations involving strategy, in which optimal behaviour depends explicitly on the behaviour of others. Covers the theories of bargaining games, both cooperative and non-cooperative games, both zero-sum and non-zero-sum games, and the analysis of uncertainty.

ECON 470.3
Registration Info — 2004-2005 Regular Session» Economics of Behaviour and Behavioural Economics
1/2(3L)
Prerequisite(s): ECON 214.

The economics of behaviour and the importance of behavioural assumptions for the analytical predictions of economic theory. The economics of behaviour also has significant implications for public and private economic policy and decision making, which will be discussed in some detail in this course in the context of an analysis of the overlapping and competing theoretical frameworks for human agency used by economists.

ECON 473.3
Registration Info — 2004-2005 Regular Session» Mathematical Introduction to Micro-Theory
1(3L)
Prerequisite(s): ECON 114 and 211 or 213.

Introduction to theories of consumer demand and of cost and production by means of the calculus and linear algebra. The necessary mathematical tools will be taught in the course. Recommended for potential honours and graduate students.

ECON 474.3
Registration Info — 2004-2005 Regular Session» Mathematical Micro-Theory
2(3L)
Prerequisite(s): ECON 473.

Some modern theories of consumer demand to be followed by linear models of the firm: revealed preference, demand under risk and uncertainty, characteristics theory of demand, input/output analysis and linear programming. This course is an extension of ECON 473.

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