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Courses

1006. Introduction to Economics
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 credit hours.

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 credit hours.

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 strongly recommended
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, and institutions.
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 hours.

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 hours.

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, multicollinearity, heteroscedasticity,
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, financial management,
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 hours.

ADM 2223. Managerial Accounting
Emphasizes the role of the accounting function in managerial decision-making. Traditional job
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 credit hours.

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 hours.

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.

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