(Ext. 2367)
For further information, see our World Wide Web page:
http://web2.uwindsor.ca/faculty/socsci/eco/index.html
Phillips, William Gregory; B.A., M.A., Ph.D. (Toronto)—1950.
Gillen, William John; B.A. (Assumption), M.A. (Toronto)—1959.
Strick, John Charles; B.A. (Manitoba), M.A. (Assumption), Ph.D. (Alberta)—1965.
Guccione, Antonio; Laurea (Palermo), Ph.D. (California)—1967.
Fortune, J. Neill; B.Sc.A. (Toronto), M.A. (Western Ontario), Ph.D. (Indiana)—1969.
Burrell, Peter R.; B.A. (Assumption), M.A. (Pennsylvania)—1965.
Kolinski, Ralph; B.S. (Marquette), M.A., Ph.D. (Wayne State)—1966.
Mendels, Roger P.; B.Comm., M.A. (McGill), M.Sc., Ph.D. (Wisconsin)—1969.
Meyer, Benjamin S.; B.A. (City College of New York), M.A., Ph.D. (State U. of New York, Buffalo)—1970.
Sydor, L.P.; B.A. (Western Ontario), Ph.D. (Princeton)—1972.
Charette, Michael F.; B.A., M.A. (Windsor), Ph.D. (Western Ontario)—1976.
Bajic, Vladimir; B.A., M.A. (Belgrade), M.A. (Williams College), Ph.D. (Toronto)—1984.
Meng, Ronald; B.Sc. (Trent), M.A., Ph.D. (Carleton)—1987. (Head of the Department)
Anglin, Paul; B.Sc. (Toronto), M.A., Ph.D. (Western Ontario) 1988.
Fan, Yanqin; B.Sc. (Jilin), M.A., Ph.D. (Western Ontario)—1989.
Gencay, Ramazan; B.Sc. (Middle East Tech. U., Ankara), M.A. (Guelph), Ph.D. (Houston)—1991.
Wen, Quan; B.Sc. (Jilin), M.A., Ph.D. (Western Ontario)—1991.
Suh, Sanq-Chul; B.A. (Korea), M.A. (Taiwan), Ph.D. (Rochester)—1994.
Particular Admission Requirements: For Honours Economics, OAC Calculus (or equivalent) is required. Students lacking Calculus may be admitted but must make up the deficiency. Honours Economics and Mathematics requires OAC Calculus and Algebra and Geometry (or equivalent). Finite Mathematics also is recommended .
Only the basic program requirements are set out in this Calendar. All students majoring in economics should consult with an Economics advisor and obtain a copy of Guide to Course Selection for Economics Majors/Honours which provides important additional information. Copies may be obtained from the Economics Department Office. All programs are subject to the general regulations of the Faculty of Social Science (see 4.2 and 4.3).
The critical requirement for majoring or honouring in Economics is the inclusion of Economics 41-110 and 41-111 in the first year of the program. Similarly Economics 41-221, 41-222, 41-231, and 41-232 should be included in the second year of the program.
Students intending to specialize in Economics in an honours program should satisfy the Mathematics requirements as early as possible in the program.
Total courses: thirty.
Major requirements: eleven courses, including 41-110, 41-111, 41-212, 41-221, 41-222, 41-231, 41-232, and four 300- or 400-level courses. (With the approval of the Department, equivalent statistics courses may be substituted for 41-212.)
Other requirements:
(a) 02-250 or 65-253;
(b) eight courses from outside the Faculty of Social Science as described in 4.3.1;
(c) four courses from any faculty, school, or department, including Economics;
(d) six courses from any faculty, school, or department, excluding Economics.
Total courses: forty.
Major requirements: twenty-three courses, including 41-110, 41-111, 41-212 (or 65-251), 41-221, 41-222, 41-231, 41-232, 41-313, 41-314, 41-323, 41-333, 41-424, 41-434, and ten additional courses, at least eight of which must be at the 300 or 400 level. (Honours students considering graduate studies in economics are advised to select both 65-250 and 65-251. Students should consult a departmental advisor to determine which courses are most appropriate.)
Other requirements:
(a) 62-140, 62-141, and either 65-253 or 65-250. (Mathematics 62-120 is highly recommended and is a prerequisite for fourth-year Econometrics 41-413/414.)
(b) two courses from the Faculty of Arts;
(c) four courses in Political Science and/or Business Administration;
(d) four courses from the Faculties of Arts, Social Science, or Science, excluding Economics;
(e) four courses from any department, school, or faculty, excluding Economics.
Note: Given the important role Mathematics and Statistics play in Economics, selection of particular Mathematics and Statistics courses should depend upon both the student's educational and career objectives and his or her strength in Mathematics. In order to avoid later problems students should consult the Guide to Course Selection referred to above. Early discussion with an advisor designated to assist students with course selections in this area is strongly advised.
Programs combining Economics with another subject in the Faculty of Social Science: Any such program requires a total of forty courses, including fifteen from Economics, sixteen from the second subject of specialization, and eight options. The courses which must be included from Economics are: 41-110, 41-111, 41-221, 41-222, 41-231, 41-232, and eight additional 300- or 400-level Economics courses. Also required are 65-253 (or an equivalent) and 41-212. (Another equivalent statistics course may substituted for 41-212, in which case one additional Economics course must be taken.) Students who intend to pursue graduate studies in Economics should take both 41-323 and 41-424 and both 41-333 and 41-434 and satisfy the Mathematics and Statistics requirements of the Honours Economics program. The combined program requirements of all other departments in the Faculty of Social Science are shown in their respective sections of this Calendar.
Programs combining Economics with a subject offered outside the Faculty of Social Science: Students interested in a particular combination, not already included in the Calendar, should consult with the Head of the Department of Economics, and with the Head of the other department involved, concerning the possibility of establishing such a program for degree credit, and concerning the courses which must be taken.
This program requires that students be registered in the Faculty of Business Administration.
The University of Windsor offers an Interdisciplinary Program leading to the Degree Bachelor of Commerce (Honours Business Administration and Economics). This program requires the student to be registered in the Faculty of Business Administration. The objective of the program is to prepare students for the growing demand for graduates trained in Business with a strong Economics background.
The program combines both the core of the Bachelor of Commerce program and the core of the Bachelor of Arts Economics program while allowing the student to use the options to gain additional training in Economics.
Total courses: forty.
Major requirements—Business: 70-151, 70-152, 71-140, 71-243, 72-171, 72-271, 73-213, 73-220, 74-231, 74-232, and 75-498; plus seven additional Business courses;
Major requirements—Economics: 41-110, 41-111, 41-221, 41-222, 41-231, and 41-232; plus eight additional Economics courses at the 300 or 400 level;
Major requirements—Business or Economics: 73-105 or 65-253, and 73-205 or 41-212.
Other requirements: 60-104, 62-194; two courses from the Faculty of Arts; two courses from any department, school, or faculty, excluding Business and Economics. Students wishing a stronger Mathematics background should take 62-120 and 62-140 instead of 62-194 and should enrol in further Mathematics courses.
1) The maximum load in the Fall and Winter terms for students in the Bachelor of Commerce (Honours Business Administration and Economics) is five courses. The maximum load for Intersession and for Summer Session is two courses in each.
2) Only students beyond first year who are in good standing in their program may register for a one course overload in each of the Fall and Winter terms. It is no longer necessary for them to request approval through the Deans's office. Students will pay the extra course tuition and may register for the overload only after classes begin.
No overload is allowed during Intersession or Summer Session.
In order to qualify for a Bachelor of Commerce (Honours Business Administration and Economics) degree, a student must complete at the University of Windsor a minimum of thirty semester hours of senior-level business courses, as prescribed by the Faculty of Business Administration.
A student may not take more than thirteen 100-level courses outside the Faculty of Business Administration for credit towards the Bachelor of Commerce degree.
Although the Bachelor of Commerce (Honours Business Administration and Economics) degree is designed to require four academic years of full-time study (120 semester credit hours), individual students may accelerate depending on various factors. Accordingly, the class year to which a student belongs in the Faculty will be determined by the semester credit hours earned toward the degree by the conclusion of the previous term. Determination will be as follows:
Level Credit Hours Earned
1 Less than 21
2 21 to 50.5
3 51 to 80.5
4 81 and more
Students who desire to concentrate their studies in a particular area may need to modify this recommended sequence. These students should consult a faculty member in that area for an optimal sequence of courses.
70-151
71-140
41-110
60-104
62-194
70-152
72-171
73-105 (or 65-253)
41-111
One course from the Faculty of Arts
41-212 (or 73-205)
41-221
72-271
73-213
74-231
41-222
41-231
71-243
73-220
74-232
41-232
Three Business courses
One other Economics course
Two Business courses
Three Economics courses
Three Economics courses
One Business course
One course from the Faculty of Arts
75-498
One Business course
One Economics course
Two courses from outside of Business and Economics
1) Non-required courses taken in the Faculty of Business Administration should be chosen in consultation with the appropriate Area Chairperson and will lead to some specialization in the fields of P-IR, Finance and Marketing.
2) Non-required courses taken in the Department of Economics should likewise be chosen in consultation with the Department faculty advisor.
3) In either case, all non-required courses in Business and Economics must be chosen from 300- or 400-level courses
4) 41-321 and 41-322 are not available as non-required Economics courses. Also, credit may not be obtained for both of 71-344 and 41-353.
5) Students who wish to accelerate their programs by taking courses in Intersession and/or Summer Session must seek academic advising in the appropriate area.
A minor shall consist of 41-110, 41-111, 41-221, 41-231, and two additional Economics courses.
See "Interdisciplinary Programs", 4.13.1.
See "Interdisciplinary Programs", 4.13.8.
All courses listed will not necessarily be offered each year. All courses are one-term courses and are offered three hours a week unless otherwise indicated.
An introduction to microeconomics intended to provide students with the tools necessary to begin to understand and evaluate how resources are allocated in a market economy. Specific topics include how markets function, theories of the business firm, of consumer behaviour and of income distribution. The economic roles of labour unions and government are also covered. The theories are applied to contemporary Canadian economic problems.
Building upon microeconomics (41-110), this course is an introduction to macroeconomics. The emphasis is upon measuring and explaining what determines economic aggregates such as the total national product (GDP) and the level of prices and employment. The role of money and financial institutions, the impact of international trade and the policy options available to governments for coping with inflation and unemployment are discussed in detail. (Prerequisite: 41-110.)
Selected topics in micro- and macroeconomics, with emphasis on practical applications, problems, and public policy. This course is designed primarily for Engineering students. (Prerequisites: Mathematics 62-140 and 62-141, or equivalent.) (3 lecture hours, 1 tutorial hour a week.) (Students who have taken 41-117 may not obtain credit in 41-110, but may take 41-111 with permission of the Department.)
An application of statistical methods to economic theory. (Prerequisite: 02-250 or 65-253.) (Credit will not be given for more than one of 41-212 and any equivalent statistics course from another department.)
The theory of markets, the theory of consumer behaviour and demand; the firm, production, cost, and supply. (Prerequisite: 41-110.)
Extensions of the theory of consumer and firm behaviour; pricing under different market structures; distribution; general equilibrium and economic welfare. (Prerequisite: 41-221.)
Examination of the interrelationships between economic and legal considerations and factors in selected areas of the economy. (Prerequisites: 41-110 and 41-111.)
A theoretical and policy oriented treatment of the determination of employment, output, interest rates, and the price level; stabilization policies and their effectiveness. (Prerequisites: 41-110 and 41-111.)
Effectiveness of stabilization policies in open economies; causes and cures of inflation; simple growth models. (Prerequisite: 41-231.)
(Prerequisites: 41-110 and 41-111.)
(Prerequisites: 41-110 and 41-111.)
(Prerequisites: 41-110 and 41-111.)
The economic structure and operation of the communications industry with emphasis on telecommunications, television and film. (This course is offered in Communication Studies as 40-280.) (Prerequisite: 41-110.)
Government finance in Canada at the federal, provincial and municipal levels of government; includes government expenditure, taxation, budgeting, public sector development. (Prerequisite: 41-110.) (Credit may not be obtained for both 41-283 and 41-385.)
Government expenditure and revenue policies for economic stabilization and growth, inter-governmental financial relations, with emphasis on the Canadian setting. (Prerequisites: 41-110 and 41-111.) (Credit may not be obtained for both 41-284 and 41-386.)
Input-output analysis and other linear economic models. (Prerequisites: 41-221, 41-231, and 62-120, or consent of the instructor.)
Development of the classical regression model and problems associated with this model such as multicollinearity, heteroscedasticity, and autocorrelation. (Some familiarity with linear algebra and calculus will be beneficial.) (Prerequisites: 02-250 or 65-253, and 41-212.)
A continuation of 41-313. (Prerequisite: 41-313.)
(a) The promotion and financing of business enterprises, financial controls and dividend policies; (b) the principles of investments, individual and institutional; social importance. (Prerequisite: 41-221 or consent of instructor.) (Not open to students in the Faculty of Business Administration, nor to those who have taken equivalent Business courses.)
A continuation of 41-321. (Prerequisite: 41-321.)
The use of mathematical techniques and economic analysis with special emphasis on consumer theory, producer theory, and theory of markets. (Prerequisites: 41-221, 41-222, 62-140, and 62-141 or consent of instructor.)
Modern interpretations of macroeconomics, including inflation, unemployment, and policy implications. (Prerequisites: 41-231, 41-232, 62-140, and 62-141, or consent of instructor.)
The banking system and other financial institutions; money demand and money supply; money and the level of economic activity; money and inflation; issues in monetary policy. (Prerequisite: 41-231.)
Modern theories of growth and development with emphasis upon less developed countries. (Prerequisites: 41-221 and 41-231, or consent of instructor.)
Policy oriented application of economic theory to problems of developing countries. (Prerequisite: 41-341.)
Wage theories, wage structure, unemployment, labour supply and related topics. (Prerequisite: 41-221.)
Canadian and American labour movements, collective bargaining, union philosophy and labour legislation in Canada and the United States. (Prerequisite: 41-221 or consent of instructor.)
A survey of traditional and contemporary theories of international trade and trade policy. (Prerequisites: 41-221 and 41-222.)
Theory of exchange rate determination and balance of payments adjustment; macroeconomic policy in an open economy; current problems of the international monetary system. (Prerequisite: 41-231.)
Theory of the role of government in the economy; public expenditure theories and practice; public choice and government decision-making; government grants. (Prerequisites: 41-221 and 41-222.)
Government taxation, user charges, borrowing, and the public debt in theory and practice; use of taxation as fiscal policy; and intergovernmental tax relations. (Prerequisites: 41-221 and 41-222.)
Economic theory and practice of government regulation, with emphasis on the regulation of public utility industries. Includes examination of goals and procedures of regulation; regulation of pricing, entry, rate of return, etc. (Prerequisites: 41-221 and 41-222.)
The organization, operation and performance of economic systems in theory and practice. (Prerequisites: 41-221 and 41-231, or consent of instructor.)
Various topics, such as general equilibrium theory, dynamic analysis, oligopoly, behaviour under uncertainty, and growth theory. (Prerequisites: 41-222, 41-232, 62-140, and 62-141.)
Further development of the classical regression model. Topics covered include simultaneous-equations systems and methods for estimating such systems, including generalized least squares and two-stage least squares and three-stage least squares. (Prerequisites: 41-313 and 41-314, or consent of instructor.)
A continuation of Economics 41-413. (Prerequisite: 41-413 or consent of instructor.)
Theoretical development and empirical implementation of interregional income determination systems; regional input-output models; growth models. (Prerequisite: consent of instructor.)
Spatial structure of urban areas; urban residential equilibrium and growth; central place theory; the local public sector. (Prerequisite: consent of instructor.)
The structure, conduct, and performance of industrial markets in North American economies. (Prerequisites: 41-221 and 41-222.)
A survey and evaluation of anti-combines legislation and enforcement in Canada. Comparisons with Great Britain and United States. (Prerequisite: 41-420.)
Selected topics in microeconomic theory. (Prerequisite: 41-323.)
Selected topics in macroeconomic theory. (Prerequisite: 41-333.)
(Prerequisite: consent of instructor.)
Macroeconomic topics in labour theory. (Prerequisites: 41-221, 41-222, 41-231, and 41-232.)
Foreign labour movements, international labour organizations, and other related topics. (Prerequisite: 41-353 or consent of instructor.)
An examination of the development of economic theory in the works of the classical economists, Adam Smith, David Ricardo, and John Stuart Mill. (Prerequisites: 41-221 and 41-231.)
An examination of the development of economic theory in the late nineteenth and the twentieth centuries. (Prerequisite: 41-461.)
(May be repeated for credit with consent of Department.) (Prerequisite: consent of the instructor.)