May 21, 2024  
2022-2023 Academic Calendar Mount Royal University 
    
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2022-2023 Academic Calendar Mount Royal University [ARCHIVED CATALOG]

Courses

 

Economics
  

  • ECON 1101 - Principles of Microeconomics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    Lab Hour(s): 1

    This course examines how individuals, firms, and governments allocate scarce resources. Market, firm, and society choices are examined using the principles of consumption and production under the following market structures: perfect competition, monopoly, oligopoly, and monopolistic competition. These principles form the basis for analyzing the decision-making processes associated with contemporary microeconomics issues.

    GNED Cluster 3 - Tier 2
  

  • ECON 1103 - Principles of Macroeconomics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    Lab Hour(s): 1

    This course will acquaint students with introductory macroeconomic principles and issues, including key macro variables, and two important short run models of income determination, namely the Keynesian model and the AS/AD model. The course also examines the monetary system, interest rates and the monetary transmission mechanism, business cycles, fiscal and monetary policies, international trade, exchange rates and the balance of payments.

    GNED Cluster 3 - Tier 2
  

  • ECON 1109 - Engineering Economics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    Tutorial Hour(s): 1

    Engineering economics includes such topics as the time value of money, project evaluation, depreciation and taxation, inflation, replacement analysis, public sector projects and the analysis of uncertainty and risk Various problem-solving techniques will be developed with an emphasis on engineering decision making.
  

  • ECON 1143 - The Economics of Contemporary Issues


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course will apply principles of microeconomics and macroeconomics to current issues in society. By examining current issues from an economic perspective, students will learn how to assess contemporary issues in terms of the individual and overall winners and losers resulting from policies, regulations and systems. Specific issues to be covered in this course depend upon their currency and importance in relation to the time of the course offerings.

    GNED Cluster 3 - Tier 2
  

  • ECON 1170 - Economics of Crime and Criminal Justice


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course discusses the economic elements underlying the behaviour of criminals, victims, and law enforcement agencies. Major topics covered include the supply of crime by criminals, the demand for crime prevention by victims, and public policy issues such as crime control and the allocation of criminal justice resources.

    GNED Cluster 3 - Tier 2
  

  • ECON 2211 - Intermediate Economic Theory - Microeconomics I


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines economic decision making of consumers and businesses. Topics covered include people’s consumption choices of and demand for goods and services, the external environment and market structure under which consumers and businesses interact with each other, and the strategic decisions of businesses such as production and pricing strategies.

    Prerequisite(s): ECON 1101  or consent of the department.
    GNED Cluster 3 - Tier 3
  

  • ECON 2213 - Intermediate Economic Theory Macroeconomics I


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    The course deals with Keynesian and AS/AD models, the Hicks-Hansen and Mundell-Fleming macro models in an open economy context (IS-LM-BP), AD-AS model under static expectations, the New-Classical, and New-Keynesian models, exchange rates and fiscal and monetary policies in dealing with contemporary macro economic problems of recession, unemployment and inflation.

    Prerequisite(s): ECON 1103  or consent of the department.
    GNED Cluster 3 - Tier 3
  

  • ECON 2215 - Economic Regulation of Global Businesses


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course focuses on strategic behaviour of multinational businesses in imperfectly competitive markets. Students will learn how businesses can compete with each other without violating competition laws around the world, including in Canada, the U.S. and the European Union. Topics studied include cartels, mergers, exclusive dealing, tied selling, and predation.

    Prerequisite(s): ECON 1101  and ECON 1103 .
  

  • ECON 2221 - International Trade


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines international trade theory, policy and applications. Topics include a brief history of trade, absolute and comparative advantage basis for trade, the Heckscher-Ohlin theory, trade with economies of scale, tariffs, non-tariff trade barriers, political economy of non-tariff barriers, strategic trade policies, trade agreements, role of the World Trade Organization (WTO) and developing economies’ trade policies. The course emphasizes current applications, policy development, as well as the institutional framework underlying the interaction between nations.

    Prerequisite(s): ECON 1101  and ECON 1103 .
    GNED Cluster 3 - Tier 3
  

  • ECON 2223 - Gender Economics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines how gender differences impact women in both the household and the marketplace. Basic economic theory provides the framework to explore such issues as marriage, fertility and child care as well as determine overall trends in the labour market.

    Prerequisite(s): ECON 1101  or consent of the department.
    GNED Cluster 3 - Tier 3
  

  • ECON 2229 - International Money and Finance


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines international monetary theory, policy and applications. Topics include: balance of payments, the role of money and relative interest rates, exchange rate models/regimes and their effect on price levels and output, international investment and global capital markets, currency crises, the international financial architecture, including the role of the World Bank and the International Monetary Fund (IMF). This course emphasizes current applications, policy development, as well as the institutional framework underlying the interaction between nations.

    Prerequisite(s): ECON 1101  and ECON 1103 .
    GNED Cluster 3 - Tier 3
  

  • ECON 2241 - Money and Banking


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines topics such as financial intermediation, determination and behaviour of interest rates, commercial banking and the money supply process, central banking and monetary control, regulation of financial markets, transmission of monetary impulses to output, employment and prices.

    Prerequisite(s): ECON 1103  or consent of the department.
    GNED Cluster 3 - Tier 3
  

  • ECON 2244 - Managerial Economics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    Managerial economics is concerned with resource-allocation, strategic decisions, and tactical decisions that are made by analysts, managers, and consultants in the private, public, and not-for-profit sectors of the economy. Managerial economic techniques seek to achieve the objectives of the organization in the most efficient manner, while considering both explicit and implicit constraints on achieving the objective(s).

    Prerequisite(s): ECON 1101 .
    GNED Cluster 3 - Tier 3
  

  • ECON 2255 - Economics of the Public Sector


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines the institutions behind, and the economic rationale for, Canadian government policy relating to public expenditures and taxation. Topics include public goods; externalities; public expenditure theory and policy; tax and user price theory and policy; and social welfare and social insurance.

    Prerequisite(s): ECON 1101  and ECON 1103  or consent of the department.
    GNED Cluster 3 - Tier 3
  

  • ECON 2261 - Development Economics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course provides an introduction to economic challenges facing developing countries, models of economic development, comparative analysis of national economic development experience, perspectives on economic development policies, and roles of the state, domestic institutions and international institutions in the development process.

    Prerequisite(s): ECON 1101  and ECON 1103 .
    Note: Students with prior credit for ECON 2263  may not take this course for additional credit.

    GNED Cluster 3 - Tier 3
  

  • ECON 2263 - Development Economics - Field School Program


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    A hands-on introduction to economic challenges facing developing countries, models of economic development, comparative analysis of development experience, perspectives on economic development policies, and roles of the state, domestic institutions and international institutions in the development process. The entire course is taught at a Mount Royal Field School in a developing country.

    Prerequisite(s): ECON 1101  and ECON 1103 , or consent of the department.
    Note: Students with prior credit for ECON 2261  may not take this course for additional credit.
  

  • ECON 3101 - The Law & Economics of Canadian Business Strategy


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course focuses on strategic behaviour of firms in imperfectly competitive markets. Students will learn how businesses can compete with each other without violating any competition laws or industry-specific regulations. Topics studied include mergers, predation, tied selling, resale price maintenance, cartels, intellectual property rights, anti-dumping laws, and network industries.

    Prerequisite(s): ECON 1101 .
    GNED Cluster 3 - Tier 3
  

  • ECON 3199 - Directed Readings


    Credit(s): 3
    Lecture Hours Schedule Type: Directed Reading
    Subject to the approval of the Chair. Directed Readings are intended to provide a more flexible approach for students who want to pursue and receive credit in areas of study which are of particular interest to them. Two Directed Reading courses can be used for graduation purposes but they must be in different disciplines. A Directed Reading cannot replicate an existing course. The objectives of the Directed Reading course(s) must be filed in the Office of the Registrar and will be made available to any institution requesting them for evaluation purposes. Arrangements for Directed Readings must be completed on or before the Add/ Drop deadline.
  

  • ECON 3305 - History of Economic Thought


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    Studying the contributions of leading economic thinkers, from Adam Smith to John Maynard Keynes, this course examines the various perspectives that have influenced the development of economic thought. This course will analyze these economic theories and address some of the implications for policy researchers.

    Prerequisite(s): ECON 1101  and ECON 1103 .
    GNED Cluster 3 - Tier 3
  

  • ECON 3357 - Intermediate Economic Theory - Microeconomics II

    (formerly ECON 2257)
    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines selected microeconomic topics. Major topics include organizational management of businesses such as recruitment and retention of employees and pay structure, and strategic business decisions such as advertising and pricing choices. Other topics covered include general equilibrium analysis, welfare economics, externalities, and factor markets.

    Prerequisite(s): ECON 2211 .
  

  • ECON 3359 - Intermediate Economic Theory - Macroeconomics II


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course examines the role of expectations in macroeconomic models and theories of aggregate consumption, investment, money demand, and economic growth. Students will also study business cycle theories and the inflation unemployment relationship, as well as the theory and practice of economic stabilization policy.

    Prerequisite(s): ECON 2213 .
  

  • ECON 3395 - Introduction to Applied Econometrics


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    The course introduces techniques for quantifying economic relationships. Topics include estimation and testing of hypotheses, forecasting and construction of prediction intervals, use of appropriate functional forms, detection and correction of measurement problems, model specification, and use of statistical software programs for single equation regression analysis.

    Prerequisite(s): ECON 1101  and ECON 1103 , and one of the following: POST 2209 , MATH 1224 , MGMT 2262 ; or consent of the department.
  

  • ECON 3401 - Financial Economics I


    Credit(s): 3
    Lecture Hour(s): 3
    Lecture Hours Schedule Type: Blended, Lecture, Online
    This course introduces the microeconomic foundation of financial decisions. This course acts as a complementary addition to the existing Finance courses by providing a theoretical basis to finance practices. The main topics include a consumer’s financial decisions, a firm’s financing and investment decisions in a perfect capital market, risk measurement and management, mean-variance analysis and CAPM.

    Prerequisite(s): ECON 2211 , ECON 2213 , and FNCE 3227 .
  

  • ECON 4199 - Directed Readings


    Credit(s): 3
    Lecture Hours Schedule Type: Directed Reading
    Subject to the approval of the Chair. Directed Readings are intended to provide a more flexible approach for students who want to pursue and receive credit in areas of study which are of particular interest to them. Two Directed Reading courses can be used for graduation purposes but they must be in different disciplines. A Directed Reading cannot replicate an existing course. The objectives of the Directed Reading course(s) must be filed in the Office of the Registrar and will be made available to any institution requesting them for evaluation purposes. Arrangements for Directed Readings must be completed on or before the Add/ Drop deadline.