An introduction to economic analysis and current economic issues. This
is a survey course which introduces students to the basic ideas used
in economic analysis, and explores many real world issues such as globalization,
poverty and unemployment, the environment, and equality for women. 6
1013. Introduction to Economics (Micro)
This course, which is equivalent to one half of ECON 1006, examines
the behaviour of consumers
and producers in a market economy. Among the issues discussed will be
environmental protection, wealth and poverty, and the extent of corporate
power. 3 credit hours. (Credit will not be given for both ECON 1006
and ECON 1013.)
1023. Introduction to Economics (Macro)
This course, which is equivalent to one half of ECON 1006, analyzes
the Canadian economy and how it works. It includes a discussion of output,
unemployment, growth, money, international trade, and finance. 3 credit
hours. (Credit will not be given for both ECON 1006 and ECON 1023.)
2103. Microeconomic Theory I
A theory course which develops the basic techniques of microeconomic
analysis. Topics will include theories of consumer demand, production
costs, the behaviour of producers under different market conditions,
and the functioning of commodity markets. 3 credit hours.
2113. Macroeconomic Theory I
A theory course which develops an understanding of the basic techniques
of macroeconomic analysis. Elements of the course include aggregate
supply, aggregate demand, and the role of
money, interest rates, and the price level. The nature of economic growth,
business cycles, and
the conditions for economic stability are examined. 3 credit hours.
2123. Quantitative Methods I
An introduction to basic statistical techniques of estimation and inference.
The topics covered include: collection, organization and presentation
of data, frequency distributions, parameter
estimation, probability, probability distributions, tests of hypotheses,
confidence intervals, analysis of variance, and index numbers. 3 credit
hours. (This course may not be taken for credit by students who already
have received credit for an introductory statistics course in another
discipline at STU or have received credit for an introductory statistics
course taken in any discipline from another niversity.)
2153. Political Economy
A theory course analyzing economic activities in their political and
social context. Topics include: class and economic power, the labour
process and the generation of surplus, economic instability, capitalism
on a world scale, and the nature and role of government. 3 credit hours.
2203. Community Economic Development
A course which explores the theory and practice of community economic
development. It will include the examination of case studies of successful
community economic development. The
focus will be on the appropriateness and applicability of the model
to the Maritimes. 3 credit hours.
2213. Contemporary Economic Issues
This is a course in economic policy analysis. The course will examine
selected economic issues
and analyze a range of policy responses. 3 credit hours.
2223. Political Economy of Women: Selected Topics (SOCI 2643, GEND)
This is a seminar course examining, in depth, selected topics on the
political economy of women. Potential topics include women as paid workers,
domestic labour, and women and poverty. 3 credit hours.
2303. Women in the Third World (SOCI 2623, GEND)
This course will critically examine the role of women in the Third World.
It will concentrate largely on the changes in these roles and their
correspondence with the transition from traditional to new forms of
economic organization, production, and power. 3 credit hours.
2313. Multinational Corporations and Trade
This course deals with the strategies of multinational corporations,
the scope and impact of
international trade, and the structure of international trade agreements.
3 credit hours.
2403. Economics of Poverty
This course examines the extent of economic inequality in Canada and
around the world, and
analyzes how affluence and poverty are generated in a market economy.
Important social programmes are investigated and evaluated in terms
of their effectiveness in reducing poverty in
Canada. 3 credit hours.
2423. Political Economy of Crime
This course provides an overview of two theoretical perspectives on
crime: the individualistic
neoclassical tradition and the more systemic framework of political
economy. The first part of the course introduces the two main conceptual
frameworks and is followed by an examination of various case studies
using these approaches. Case studies may include the illegal drug trade,
money laundering, the tobacco industry, and environmental crimes. 3
3133. Microeconomic Theory II
A continuation of the study of microeconomic theory. Topics will include
an analysis of factor markets, technological change, partial and general
equilibrium, and an analysis of the limitations
of neoclassical microeconomic theory. Prerequisite: ECON 2103. It is
that MATH 1013 & 1023 be taken prior to this course or concurrently.
3 credit hours.
3143. Macroeconomic Theory II
A continuation of the study of macroeconomic theory. This course examines
the causes of economic instability and considers appropriate economic
policies to deal with inflation and unemployment. Prerequisite: Econ
2113. It is strongly recommended that Math 1013 & 1023 be taken
prior to this course or concurrently. 3 credit hours.
3163. Quantitative Methods II
A continuation of Quantitative Methods I. The topics covered include:
simple regression analysis,
multiple regression analysis, residual analysis, time-series analysis,
decision making under
uncertainty. Prerequisite: 2123. 3 credit hours. This course may not
be taken for credit by students
who already have received credit for a comparable statistics course
in another discipline at STU or from another university.
3173. History of Economic Thought
An introduction to the history of economic thought from the period of
Adam Smith to the present.
The course will emphasize some of the great economic thinkers, and concentrate
on reading parts of their original works rather than textbook summaries.
The works of Adam Smith, Ricardo, Malthus, Say, Marx, Jevons, Walras,
and Keynes will be included. 3 credit hours.
3233. Marxian Economics
An introduction to the theory and method of Marxian economics. The course
will examine the basic elements of Marx's own economic theory and some
of the major contributions that have been made subsequently by economists
working in the Marxian tradition. 3 credit hours.
3323. Environmental Economics
An examination of the relationship between the ecological system, economics,
Topics covered may include such issues as technological choice, steady
state economics, limits
to growth, the adequacy of the market mechanism, world food supplies,
the economics of conservation, and alternative futures. 3 credit hours.
3333. Perspectives on Underdevelopment
An examination of the economic problems facing underdeveloped countries
using a Political Economy approach. Theories of dependence, colonization,
unequal exchange, and their Marxist critiques will be examined as well
as the limitations of traditional economic development theory. 3 credit
3343. Banking and International Finance
This course examines the nature and role of money, prices, interest
rates, and international
financial flows. It also includes an examination of the structure and
activities of financial institutions
in Canada and other countries. 3 credit hours.
3433. Economics of Government
This course focuses on the nature of public sector choices and decision-making
processes. Topics include government expenditure choices, cost-benefit
analysis, tax policy issues, and federal-provincial relations. 3 credit
3443. New Brunswick Economy
This course will examine the structure of the New Brunswick economy,
analyze some of its major problems, and discuss various approaches to
economic development. 3 credit hours.
3453. Labour Economics
This course examines the organization and function of labour markets
in Canada. Topics include the nature of employment relations, factors
affecting the supply of labour, the demand for labour, wage determination,
the role of unions, and the impact of public policy on employment, wages,
and working conditions. 3 credit hours.
4106. Mathematical Economics
An application of mathematical techniques such as differential calculus,
integral calculus, and matrix algebra to micro and macro economic theory
and policy. The topics covered include demand, cost, production, general
equilibrium, growth, and policy analysis. Prerequisite: MATH 1023, ECON
3133, ECON 3143. 6 credit hours.
4183. Econometrics I
This course deals with the elementary problems of estimation and inference
in single equation models. The topics covered include model specification,
autocorrelation, and dummy variables. An emphasis is placed on applications.
Prerequisite: ECON. 3163. 3 credit hours.
4193. Econometrics II
This course deals with some advanced problems of estimation and inference
in single equation models, problems of identification, estimation and
inference in simultaneous equation models, and the models of time series
analysis. Prerequisite: MATH 1013-1023 and ECON 4183. 3 credit hours.
4506. Work-Study Project
This course, which is open to economics students in their final year,
is designed to provide an
opportunity to apply knowledge of economics in a workplace setting.
Placements may be in the
public sector, the private sector, or with non-profit organizations.
Enrolment subject to Department approval. 6 credit hours.
4513 and 4523. Independent Study
A programme of independent study under the direction of a member of
the faculty selected by the student. It is designed for students who
wish to pursue an area of special interest through reading, research,
and writing. 3 or 6 credit hours, depending on the project.
4533. Honours Research Project
This course, open to Honours students, is a directed research project
under the supervision of a faculty member. The course involves a major
essay or report on a topic chosen by the student in consultation with
the faculty member. 3 credit hours.
4546. Honours Thesis
The Honours thesis is a scholarly essay or research paper on a topic
chosen by the student in
consultation with a faculty member who agrees to serve as thesis advisor.
When completed, the thesis is read and graded by the thesis adviser
and two other members of the Department. A minimum grade of B is required
on the thesis for an Honours degree. 6 credit hours.
NOTE: Not all courses listed are offered each year.
Please consult with the Department Chair for more information about
current and planned course offerings.
UNB Courses Available
The University of New Brunswick offers a number of courses in economics
which are not available at St. Thomas. Students at St. Thomas are eligible
to take these courses with the approval of the Department and the registrar.
For further information, please consult the UNB calendar.
Economics majors who are in the Business Option may also enrol in the
following business administration courses offered at UNB, beginning
with ADM 1015 and ADM 2213.
ADM 1015. Introduction to Business
Introduces business topics to students from other disciplines who do
not intend to Major in business. Topics include business history, forms
of organizations, sources and use of business
information. Introduces the functional areas of business including accounting,
marketing, production control, human resources management, and special
topics. 3 credit hours.
ADM 2213. Financial Accounting
Examines the identification, measurement, recording, and communication
of financial information
for managerial decision-making. Reviews basic principles and concepts
to convey the conceptual
framework of the accounting discipline. Prerequisite: ADM 1015. 3 credit
ADM 2223. Managerial Accounting
Emphasizes the role of the accounting function in managerial decision-making.
costing and activity-based costing stressed. Appraises the use of standard
costing and variance
analysis as tools for management control. Examines flexible budgets,
break-even analysis and
contribution costing in decision-making. 3 credit hours.
ADM 2313. Principles of Marketing
Provides a foundation of marketing theory and analysis necessary to
approach the decision-making
process and issues related to the marketing function. 3 credit hours.
ADM 2413. Principles of Finance
Analyses the basic tools and concepts of finance and illustrates their
application to practical problems faced by managers. Topics include:
the time value of money, term structure of interest
rates, valuation of financial securities, financial statement analysis,
financial planning, working capital management and short-term and long-term
sources of financing. Provides an introduction to the techniques of
capital budgeting and the concepts of risk and return on options. 3
ADM 2513. Organizational Behaviour
Introduces the contributions of the applied behavioural sciences to
the study of work in organizations. Covers the fundamentals of individual
and group behaviour, as well as selected topics
in motivation, leadership, communication, conflict, and organizational
change. 3 credit hours.
ADM 3123. Business Law I
Examines the impact of law on business decisions and activities. Includes
an introduction to the Canadian legal system, the law of contract and
the law of torts. Emphasis given to the identification,
evaluation, and management of legal risks in a business context. 3 credit
ADM 3415. Corporate Finance
Examines portfolio theory and valuation capital, capital expenditure
decisions, long-term financing decisions, cost of capital, financial
structure, dividend policy, and external expansion. Prerequisites: ADM
2413, and either ADM 2623 or ECON 2123. 3 credit hours.
ADM 3445. Personal Financial Planning
Based upon the theory of financial decision-making applied to personal
finance, covers the financial planning techniques used in professional
practice. Topics include: financial goal setting, the life cycle model
of financial planning, budgeting, tax planning, cash management, personal
credit, investment choices, risk management, and retirement planning.
3 credit hours.
ADM 3875. Labour Relations
Introduces industrial relations with particular reference to unionized
workplaces. Topics include: industrial relations theory; the development,
structure, and functions of organized labour in Canada; collective bargaining;
strikes and industrial conflict; the grievance and arbitration process.
3 credit hours.
ADM 4155. International Business
Examines issues and problems which arise when business operations transcend
national boundaries. Topics include the dimensions of the contemporary
international economy, theories of trade and foreign direct investment,
the strategic and operational character of international firms and the
controls adopted to achieve these goals. Prerequisites: ADM 2313, 2413,
and 2513. 3 credit hours.