1000 PRINCIPLES OF ECONOMICS
This course introduces economic theory and its application in the analysis of economic policy. A wide range of topics is covered including the role of market prices in resource allocation decisions, business cycles (unemployment and inflation), the economic behaviour of firms, sustainable development and the environment, international economic relations, and government debts and deficits. This course is normally the prerequisite for all other courses in Economics.

Prereq: Students should normally have completed a university preparatory level course in Mathematics.

Note: Cannot be taken by students who have completed Economics 1001 or 1011.

1001 PRINCIPLES OF MICROECONOMICS
A general introduction to the study of Economics and the nature of economic problems. Of primary concern is the behaviour of consumers and firms in different markets, and the results of their actions as manifested in production, costs, and prices. Market efficiency and market failure are also examined.

Prereq: Students should normally have completed a university preparatory level course in Mathematics.

Note: Cannot be taken by students who have completed Economics 1000.

1011 PRINCIPLES OF MACROECONOMICS
A general introduction to the study of Economics and the nature of economic problems. Of primary concern is the determinants of the level of national income, employment, and the accompanying stabilization problems and policies. Topics also include money and banking. international trade, exchange rates, and the problems of inflation.

Note: Cannot be taken by students who have completed Economics 1000.

2001 INTERMEDIATE MICROECONOMICS I
A course in microeconomic theory and its applications. Topics include: scope and method of microeconomics; market interactions; supply and demand; consumer behaviour; choices under uncertainty; theory of production and cost; profit maximization and competitive supply; and the analysis of competitive markets and effects of government policies.

Prereq: Economics 1000; or Economics 1001; or permission of the Department.

2011 INTERMEDIATE MICROECONOMICS II
Microeconomic theory and its applications continued. Topics include: market power; monopoly and monopsony; pricing with market power; monopolistic competition and oligopoly; game theory and competitive strategy; markets for inputs and income distribution; investment, time and capital markets; general equilibrium and economic efficiency; markets and asymmetric information; and externalities and public goods.

Prereq: Economics 2001; or permission of the Department.

2101 INTERMEDIATE MACROECONOMICS I
Theories of national income, employment, inflation, balance of payments, and stabilization policy within the framework of macroeconomic models of a open economy. The focus of the course will be on short-run macroeconomic analysis and policy.

Prereq: Economics 1000; or Economics 1011; or permission of the Department.

2111 INTERMEDIATE MACROECONOMICS II
A continuation of macroeconomic analysis in the context of the long-run. Topics include long-run consumption functions, investment and real business cycles, economic growth and productivity, and the monetary theories of the classical economists, Keynes, and Friedman.

Prereq: Economics 2101; or permission of the Department.

2301 ISSUES IN CANADIAN PUBLIC POLICY
This course is designed to introduce students to analytical methods used by social scientists examining Canadian social and economic policy. Students will be exposed to these analytical methods while studying issues which perennially arise in discussions of Canadian social and economic policy. Specific topics covered will vary from year to year and might include the following: unemployment and government policy; Canada and the global economy; social security reform; regionalism; education policy; health policy; and inflation and public policy.
Prereq: Six credits from the following departments: Commerce, Economics, Geography, Political Studies, or Sociology/Anthropology; or permission of the Department.

2311 CURRENT DEBATES IN CANADIAN PUBLIC POLICY
This course is a critical study of current debates on economic and social policy in Canada. Specific debates covered will vary from year to year, and will be chosen to assure no overlap with Economics 2301.
Prereq: Six credits from the following departments: Commerce, Economics, Geography, Political Studies, or Sociology/Anthropology; or permission of the Department.

2701 STATISTICS FOR BUSINESS AND ECONOMICS
The application of statistical methods to economic data. Topics include: descriptive statistics, hypothesis testing, analysis of variance, simple regression, multiple regression, non-parametric statistics chi-square tests, index numbers, sampling designs, and time series.
Prereq: Economics 1000, (OR 1001 AND 1011), Math 2311; or permission of the Department. Students will not normally receive credit for both Economics 2701 and Mathematics 2321.

Note: Students may take Mathematics 3311 and 3321 instead of this course. Honours students are strongly encouraged to do so.

Next: Economics 3000 Series