COURSE NUMBER: | ECON 309 |
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COURSE TITLE: | Intermediate Applied Microeconomic Theory |
NAME OF INSTRUCTOR: | Dr. Gerda Kits |
CREDIT WEIGHT AND WEEKLY TIME DISTRIBUTION: | credits 3(hrs lect 3 - hrs sem 0 - hrs lab 0) |
COURSE DESCRIPTION: | Expansion and deeper examination of the major microeconomic
theories, including those related to consumer behaviour, production,
market structures, and market failures. The role that these theories
have played in the development of Canadian economic policies and goals
will be a major focus of the course. Descriptive and evaluative data on
the Canadian situation will be examined throughout. Prerequisites: ECON 203, 204 |
REQUIRED TEXTS: | Required text: Frank, Robert H., Ian C. Parker, and Ingela Alger. Microeconomics & Behaviour. Fifth Canadian edition. McGraw-Hill Ryerson, 2013. |
MARK DISTRIBUTION IN PERCENT: | This course uses a grading scheme called specifications grading.
This is intended to make grading transparent and allow students to
flexibly adapt the course to their own goals. The course is divided
into four units. Your grade depends on how many units you pass and at
what level.
Grades will be assigned as follows:
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COURSE OBJECTIVES: | This course has three main goals. The first is to deepen your
understanding of the theories that economists use to explain the
behaviour of individuals, firms and markets. The second is to examine
how these theories can be applied to Canadian public policy issues and
how they shape current policy approaches. The third is to encourage you
to begin questioning and critiquing these theories and their policy
implications, especially from a Christian perspective. As we will see,
these theories rest on many hidden assumptions and value judgements, as
well as a particular understanding of what constitutes valid economic
thinking. It is important to understand and evaluate these assumptions,
rather than simply accepting the theories and their implications at
face value. This course examines the same theories covered in Intro Micro, but in more depth and with more use of the “rigorous” analytical techniques (i.e. graphs and math) that economists typically rely on to develop these theories. This approach is necessary for understanding the fundamental assumptions that lie behind the conclusions that we have already studied in the Intro course. Most of the basic concepts should already be familiar to you, so it is hoped that the addition of these analytical methods will not add too great a degree of difficulty. While is important that you understand the theory, the focus will be less on memorization of the techniques than your ability to apply them to real cases and to critique them in an informed and thoughtful way. |
COURSE OUTLINE: |
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Required texts, assignments, and grade distributions
may vary
from one offering of this course to the next. Please consult
the course instructor for up to date details.
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