|ECON 2010 - Introduction to Microeconomics I. |
Scarcity and opportunity cost. Demand and supply. Elasticity. Household demand: marginal utility. Household demand: indifference curves. Production functions. Short-run and long-run cost functions. Perfect competition in the short run and the long run. Monopoly.
|ECON 2020 - Introduction to Macroeconomics. |
National income accounting, aggregate income analysis, money, banking and foreign trade.
|ECON 2550 - Economic Statistics and Data Analysis. |
An analysis of economic statistics and the use of economic data. A course designed to introduce students to the task of economic data collection, description and analysis. Emphasis will be on interpretation and analysis of data using computer software programs.
- Prerequisite: Statistics 2500 or equivalent.
|ECON 3000 - Intermediate Micro Theory I
This course is the basic microeconomic theory course; consumer demand, indifference curve analysis, theory of production and cost, factor substitution, and the theory of the firm under perfect competition and monopoly.
|ECON 3001 - Intermediate Micro Theory II. |
This course is a continuation of basic micro-economic theory; the theory of imperfect competition, theory of factor pricing under various market structures, general equilibrium and welfare economics.
- Prerequisite: Economics 2010, 2020, and 3000
|ECON 3010 - Intermediate Macro Theory I. |
This course is aggregate analysis including consumer, investment, government and international sector, the role of money, determinants of aggregate supply, and the effects of autonomous behavioral changes and fiscal and monetary policies on unemployment, price levels and the balance of payments.
|ECON 3030 - International Economics - Issues and Problems in a Canadian Context. |
An intermediate course in international economics. The course covers the theory of comparative advantage, the structure and policy issues of the Canadian balance of payments, the foreign exchange market and the institutional aspects of international commerce.
|ECON 3070 - The Structure and Problems of the Newfoundland Economy. |
An analysis of the structure of the economy of Newfoundland. Basic economic theory will be applied to current economic issues and problems in Newfoundland.
|ECON 3150 - Money and Banking. |
The operation of the money and bank-ing system, with special emphasis on Canadian problems. Monetary theory will be treated in relation to income theory and foreign trade.
|ECON 3550 - Mathematical Economics I. |
This course examines linear algebra and differential calculus, with applications to economics.
- Prerequisite: Economics 2010 and 2020. Mathematics 1000 or equivalent with a "B" standing, or Mathematics 2050.