SFU Calendar 2001-2002

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Department of Economics

3602 Diamond Building, (604) 291-3562/3508 Tel, (604) 291-5944 Fax, www.sfu.ca/economics


G. Dow BA (Amherst), MPP, PhD (Mich)

Associate Chair

(to be announced)

Graduate Program Chair

G.M. Myers BA (Qu), MA, PhD (McM)

Faculty and Areas of Research

see "Department of Economics". for a complete list of faculty.

D.W. Allen - microeconomic theory, industrial organization

D. Andolfatto - dynamic general equilibrium theory, macroecononmics, labor markets, monetary theory

J. Arifovic - macroeconomics, monetary theory, learning and adaptation in economics

L.A. Boland - economic theory and methodology

J.F. Chant - macroeconomics, monetary theory, economics of financial markets

J.W. Dean - international finance, developing and transition economies

D.J. DeVoretz - development, immigration, demography economics

G. Dow - microeconomic theory, theory of organization

S.T. Easton - international trade, economic history

J. Friesen - labor economics

R.G. Harris - international economics, economic theory

T.M. Heaps - natural resources, regional, mathematical economics

R.A. Jones - monetary theory, macroeconomics, finance

M. Kamstra - econometric theory, applied finance

K. Kasa - macroeconomics, international economics

P.E. Kennedy - econometrics, economic education

M.H. Khan - economic development, agricultural economics

B. Krauth - macroeconomics, econometrics

D.R. Maki - labor economics, statistics

S. Mongrain - public finance, microeconomic theory

J.M. Munro - transportation, regional and urban economics

G.M. Myers - public and urban economics

N.D. Olewiler - natural resources, environmental economics

K. Pendakur - labor economics, public finance

C.G. Reed - economic history, applied microeconomics

N. Schmitt - international trade, theory, industrial organization

R.W. Schwindt* - industrial organization, international trade, public policy toward business

Z.A. Spindler - public choice

*joint appointment with business administration, home department is economics

MA Program

Admission Requirements

see "1.3 Admission". for University admission requirements. As well, the department requires that the applicant must hold a bachelor's degree with honors in economics or business administration, or must complete additional work to that standard. Normally, the graduate admissions committee will specify the appropriate additional requirements at the time of admission.

Degree Requirements

The MA program has three options. Under each, ECON 798 and 835 is required in addition to other work, unless equivalent courses have been taken. These requirements can be satisfied through undergraduate courses with the approval of the graduate program committee.

thesis option - six courses including core work plus an original thesis.

extended essay option - six courses including core work plus two extended essays.

project option - seven courses including core work plus a research project.

Core Course Work

The core course work will normally consist of the following

The remaining courses beyond those designated as core work will be ECON and BUEC graduate courses or, with permission of the graduate program chair, courses in graduate business administration and other subjects.

Research and Writing Ability

Evidence of research and writing ability met by the satisfactory completion of one thesis, two extended essays or one research project is required. The form of these research papers must meet the standards set out in the Graduate General Regulations (page 297).

Oral Examination

An oral examination is required covering the student's written research in particular, and program in general, as outlined in the Graduate General Regulations (page 297).

Cooperative Education

This optional program gives MA students work experience that complements academic studies.

MA students in good standing with a minimum 3.0 GPA may apply to the coop program after satisfactory completion of ECON 802, 807 (or 808), 835 and 836 or equivalent. The program consists of two separate work semesters. Arrangements are made through the Faculty of Arts coop coordinator at least one semester in advance. For further details, see "Cooperative Education"..

PhD Program

Admission Requirements

see "1.3.4 Admission to a Doctoral Program".. Also required is an MA with graduate work in core areas equivalent to ECON 802, 808, 835 and 836. Any core area deficiency must be filled by taking the appropriate course(s) in addition to the course work normally required. In certain cases, students may be transferred into the PhD program from the MA program after meeting MA core and credit requirements (15 courses beyond the BA honors is required for such a PhD program).

Degree Requirements

This program allows specialization in economics, economics and business administration, or economics and a related discipline. Normally, every PhD program will include the following:

1. Successful performance in eight approved courses beyond the economics MA requirements listed above. Those specializing in economics must include ECON 803, 804 and 809; those specializing in economics and business administration must include ECON 803 and 804 or 809.

Other courses may be drawn from those normally offered at the graduate level by this or other related departments. Normally, a student must take at least five courses of regularly scheduled course work within this department; exceptions to this rule must be approved by the student's supervisory committee and the graduate program committee.

2. Successful performance in written comprehensive examinations.

2.1 Students specializing in economics write comprehensive examinations in economic theory and one other field. In addition, students must complete a field either by successfully taking two courses approved by the graduate program chair (other than readings courses) with at least an A- average, or a comprehensive examination in the field. The economic theory comprehensive exams consist of separate examinations in micro and macroeconomic theory and usually encompass the topics and readings covered by ECON 802, 803, 808 and 809. Comprehensive exams in other fields normally encompass topics and readings presented in the main courses in those fields.

2.2 Students specializing in economics and business administration must write a comprehensive economic theory exam which covers the topics and guideline readings of either microeconomics (ECON 802 and 803), or macroeconomics (ECON 808 and 809). The student will complete three fields, subject to the following: a) at least two field requirements are satisfied by written examinations; b) at least two are drawn from accounting, finance, management science, marketing and organization behavior.

2.3 Arrangements for students specializing in Economics and a related discipline or economics and business administration and a related field will be recommended by the student's supervisory committee and approved by the department's graduate program committee.

2.4 Normally, full time students write micro/macro theory comprehensive examinations at the first scheduled opportunity after the exam period of their third semester.

3. An original and significant thesis completed by the candidate under supervision of faculty members of the department.

Dissertation Procedures

A thesis proposal seminar should be given by each candidate early in the research program. Each candidate produces a written prospectus, makes it available to all interested department members and presents it on a pre-announced date in the departmental seminar. The candidate's supervisory committee should attend and arranges for others interested to also attend. That committee, along with the candidate, should decide on the future course of thesis research paying due regard to the comments that have been received.

A thesis core and a thesis seminar should be given by each candidate after the supervisory committee agrees that the thesis is substantially complete and before it is formally approved for defence. The thesis core should be a paper that describes the major original contributions of the thesis (preferably in a form appropriate for journal submission) and should be made available to all interested members of the department.

The thesis defence. Procedures for this defence are described in the Graduate General Regulations.

Satisfactory Performance

Each candidate's progress is assessed at least once a year (fall). Any student who performs unsatisfactorily is subject to the review of unsatisfactory progress described in Graduate General Regulation 1.8.2 (page 301).

Research on Immigration and Integration in the Metropolis

4653/4655 Diamond Building, 778.782 4575 Tel, 778.782 5336 Fax, www.sfu.ca/riim

RIIM is one of four Canadian research centres studying the impact of Canadian immigrants on local economies, family, educational systems and physical infrastructure of cities. RIIM concentrates only on Vancouver but has links to all other Canadian metropolis sites and the world. This research group, based at Simon Fraser University, the University of Victoria and the University of BC, investigates immigrant impact in Vancouver.

Economics Graduate Courses

ECON 750-0 Practicum I

First semester of work experience in the Co-operative Education Program. Prerequisite: completion of core MA degree requirements of ECON 802, 807 (or 808), 835, and 836 with a minimum GPA of 3.0.

ECON 751-0 Practicum II

Second semester of work experience in the Cooperative Education Program. Prerequisite: ECON 750.

ECON 752-0 Practicum III

Third semester of work experience in the Cooperative Education Program. Prerequisite: ECON 751 and department approval.

ECON 798-4 Introduction to Mathematical Economics

Applications of static optimization techniques, matrix algebra, differential and difference equations in economic models. Offered once a year.

ECON 802-4 Microeconomic Theory I

An examination of the economic theory of market prices with reference to behavior of individual households, firms, and markets. Special emphasis will be placed on the implications of individual behavior for the allocation of resources. Prerequisite: ECON 331. Offered once a year.

ECON 803-4 Microeconomic Theory II

The course subsequent to ECON 802 which covers advanced Microeconomic theory on a dynamic and general equilibrium basis. Prerequisite: ECON 802. Offered once a year.

ECON 804-4 Advanced Topics in Microeconomic Theory

The course following ECON 802 and 803 which covers such topics as equilibrium theory, axiomatic analysis, stability analysis, income distribution, dynamic micro models, and models of non-market economics. Prerequisite: ECON 802 and 803 or equivalent.

ECON 807-4 Macroeconomic Theory and Policy

An examination of basic macroeconomic theory , empirical macroeconomic data and models, macroeconomic analysis, and application to economic developments and policy issues. Prerequisite: ECON 798 or equivalent. Offered once a year.

ECON 808-4 Macroeconomic Theory

An analysis of current theories of aggregate economic behavior. Topics covered in this course may include long-run growth, dynamic general equilibrium models, and business cycle analysis. Prerequisite: ECON 798 and 403 (or equivalent). Students who have taken ECON 805 cannot take ECON 808 for further credit. Offered once a year.

ECON 809-4 Advanced Macroeconomic Theory

This course covers advanced macroeconomic theory topics. Emphasis will be placed on current research techniques. Topics covered may include: capital and growth theory, real business cycle models, models of fiat money, asset pricing models, endogenous growth models, development traps, macroeconomic complementarities, co-ordination failures, and adaptive behavior in macroeconomic models. Prerequisite: ECON 808. Students who have taken ECON 806 cannot take 809 for further credit.

ECON 810-4 Monetary Theory

An examination of theories of the supply and demand for money in micro- and macro-contexts, from the classical analysis to the most recent developments. Emphasis will be placed upon the role of money in economic activity, the precise nature of its demand and supply conditions, and policy-implications of theoretical conclusions with regard to money.

ECON 811-4 Advanced Monetary Theory

Selected topics in monetary theory and policy.

ECON 815-4 Portfolio Theory

A study of optimum portfolio selections and diversification of financial assets including cash vis-a-vis different classes of utility functions of final wealth. Also, an examination of the behavior of speculative prices and rates of return. Prerequisite: ECON 331. Offered once a year. This is the same course as BUS 815.

ECON 817-4 Theory of Capital Markets

A study of capital market equilibrium theories, risk allocation, valuation models under perfect and imperfect markets and their empirical testing. Prerequisite: ECON 331, 835. Offered once a year. This is the same course as BUS 817.

ECON 818-4 Advanced Topics in Business Finance

Extensions of advanced topics beyond those covered in BUEC 815 and 817. Prerequisite: BUEC 815, 817. This is the same course as BUS 818.

ECON 825-4 Industrial Organization

A presentation and critical examination of the industrial organization models; includes a review of mainstream and current theoretical literature, and important empirical work in the field. Prerequisite: ECON 802.

ECON 826-4 Industrial Organization II

This course examines topics specific to the theory of the firm. Classes will focus on theories of transaction cost, principal-agency, and the theory of contracts. Particular attention will be given to the strategic interaction of the agents.

ECON 831-4 Mathematical Economics

Various equilibrium models of micro and macro theory will be examined with emphasis on their solution, stability conditions and the uniqueness of solutions. Prerequisite: ECON 331.

ECON 835-4 Quantitative Methods

An introduction to econometric theory. Application of econometric methods to both time series and cross-section data. Prerequisite: BUEC 333 and ECON 331. Offered once a year.

ECON 836-4 Applied Econometrics

A `hands-on' course in implementing econometric techniques for empirical investigation of economic issues. Prerequisite: ECON 835 or equivalent.

ECON 837-4 Econometric Theory

The theory of the general linear model and the implications of basic econometric problems such as multicollinearity, autocorrelated residuals, errors in variables and heteroscedasticity. The use of dummy and lagged variables, simultaneous equation models. The identification problem. Estimation of over-identified equations. Prerequisite: ECON 835. Offered once a year.

ECON 838-4 Topics in Econometrics

The content of this course will depend on the interests of the students. Surveys of current literature and independent study will form the basis of the course. Prerequisite: ECON 837.

ECON 840-4 Theory of International Trade

The analytical course dealing with the pure theory of international trade. The motivation of supply and demand in international trade, the dynamic basis of trade, the role of the price mechanism and of income changes in international trade. Specific problems may be considered, such as the theoretical case for free and multilateral trade, and the theory of customs unions.

ECON 842-4 International Monetary Economics

Balance of payments theory, foreign exchange theory, and adjustment processes. A range of applied problems will be dealt with such as the operation of exchange rates, analysis of exchange rate systems, exchange control and the processes of short and long term capital movements in international trade.

ECON 843-4 Current Problems in International Trade

Detailed studies of a limited number of international economic problems. The selection of topics will depend to some extent upon the expressed interests of the students.

ECON 850-4 Methodology and Sources in Economic History

A close examination of the work and methodology of leading economic historians. Study of methodology of selected works in economic history, with special emphasis on the identification of implicit theories and assumptions. Application of quantitative approaches and economic theory to selected problems. Independent work.

ECON 851-4 Economic History of Europe

An examination of theories and controversies from the transition of feudalism to capitalism. Comparative study of the emergence and subsequent evolution of industrialization. How economic institutions affect the character and pace of economic development. Regional disparities and economic growth in given countries. Relationship between economic growth and international expansion. Examination of declining sectors, stagnation, institutional changes in the 20th century.

ECON 853-4 Economic History of North America

Effects of the North Atlantic economy on the pace and character of Canadian and American economic development. The role of staple exports and the linkages to manufacturing and transportation developments. Canadian national policy, with emphasis on regional effects, internal consistency and comparison to similar policies in the United States. Factors for growth and cyclical changes in the 20th century. In all the above areas, an attempt will be made to apply quantitative techniques of the new economic history to the problems of economic change.

ECON 855-4 Theories of Economic Development

Characterization of non-growing economies; mechanics of the process of economic development; the role of economic and non-economic factors; structural transformation in economic development.

ECON 856-4 Theories of Economic Growth

Equilibrium analysis and economic growth; determinants of growth; steady state and steady growth; technical progress and equilibrium growth. Prerequisite: ECON 805.

ECON 857-4 Studies in Economic Development

Examination of the characteristics of a given underdeveloped economy; allocation of resources and factor strategies; historical or contemporary comparisons of public policy and development.

ECON 859-4 Population Economics

An examination of the determinants and consequences of population growth. Population projections. Fertility and mortality differentials. The impact of the business cycle on fertility and migration. The theory of the optimum population under static and dynamic conditions. Neo-Malthusianism. The economics of high fertility in densely populated and underdeveloped areas.

ECON 860-4 Environmental Economics

The analysis of the role of the natural environment in economic system. All economic activity creates waste products (pollution) which must be disposed of back into the natural environment. The socially efficient amount of waste generation and disposal is determined and methods of reaching this level evaluated. This involves the theoretical and empirical determination of the costs and benefits of waste generation and a thorough discussion of the role of government policies: taxes, standards, tradeable emission permits versus private market initiatives (bargaining and green goods) under a variety of assumptions about the economic system.

ECON 861-4 Natural Resource Economics

Basic issues of intertemporal valuations. The economic theory of natural resource management for non-renewable resources, fisheries and forests. The effects of market structure and taxation on intertemporal supply patterns will be considered.

ECON 863-4 Fisheries Economics

Theoretical analysis of fisheries exploitation, emphasizing the characteristics of a common property resource and the economic expression of biological factors. Problems of productivity against the background of national fisheries regulations and international agreements. Public policies in respect of the fisheries, with their social and economic implications.

ECON 864-4 Studies in Economic Fisheries Management

Analysis of economic fisheries management techniques derived from the study of a variety of actual fisheries management projects. Prerequisite: ECON 863, or permission of the instructor.

ECON 865-4 Regional Economic Theory

The theoretical aspects of regional economics, particularly the following topics; the concept of a region, location theory, theories of regional economic growth, and techniques for regional analysis. Prerequisite: ECON 331 recommended.

ECON 867-4 Regional Development Problems

An applied course in regional economics. Topics include the following: concepts of regional planning, development planning techniques, study of Canadian regional development problems. Prerequisite: ECON 865.

ECON 869-4 Transportation Economics

Emphasis on costs, demand and pricing of transportation services. Additional topics to be studied include government promotion of transport, transport regulation and the economic effects of transportation improvements. Recommended: ECON 331.

ECON 877-4 Methodology in Economic Theory

Topics to be discussed include theories of rationality; social theories involved in the economic concept of equilibrium; the role and status of economic theories and models; methodology versus sociology of economics; theories of economic knowledge; realism of assumptions and value premises in economics.

ECON 878-4 History of Economic Thought prior to 1870

The origins and development of economic thought from early times until 1870 with special emphasis on mercantilist, physiocratic, classical, Malthusian and socialist doctrines.

ECON 879-4 History of Economic Thought since 1870

The development of economic thought since 1870 will be examined with special emphasis on the evolution of marginal utility theory, general and partial equilibrium analysis, business cycle theories, Keynesian and post-Keynesian economics.

ECON 881-4 Labor Economics

Theoretical analysis of labor in the context of a national resource. Critical examination of the aspects of quantity, quality, allocation and utilization of human resources. Topics given particular attention include labor force participation, structural employment, human capital, incomes policies and the concept of an active manpower policy. Prerequisite: ECON 835.

ECON 886-4 Industrial Relations

Collective bargaining: process, content, consequences. Bargaining organizations: goals, structure, decision-making processes. Industrial relations systems in varying economic and institutional environments. Public policy and industrial relations.

ECON 888-4 The Economics of Legal Relationships

An analysis of the economic effects of constraints imposed by common, statute and constitutional law. Topics will include: transaction cost, common property, regulation, negligence and torts, `free' goods, price controls, non-profit agencies, crime and malfeasance, custom, nature of the firm under various legal guises and the anarchy state dichotomy.

ECON 889-4 Seminar in Law and Economics

An enquiry into the resource allocational and distributional implications of current and alternative legal arrangements. The economic rationale for and effects of the development of various legal doctrines will be considered. Topics may include anti-combines legislation, compensation and public regulation, and market regulation for purposes of safety, consumer information and income maintenance of producers.

ECON 890-4 Public Finance

The application of welfare criteria to the theoretical investigation of methods of expenditure determination and approaches to taxation. Consideration of the problems of efficiency, equity, and incidence.

ECON 891-4 The Economics of Public Choice

Applies economic theory to the analysis of non-market, political choice. Some of the topics studied will be coalition formation and rational voter behavior; allocations under various property rights systems; optimal constitutions; public sector externalities; federalism; discrimination, nationalism and crime.

ECON 893-4 Introduction to Marxian Economics

Examination of Marx's economic theory, with particular emphasis on capital, theories of surplus value and the Grundrisse.

ECON 895-4 Comparative Economic Systems

Comparative study of capitalist, communist, socialist and mixed forms of national economic organization, with emphasis on the allocation of resources and distribution of income.

ECON 911-4 Selected Topics in Economics

Offered by arrangement.

ECON 912-4 Selected Topics in Economics

Offered by arrangement.

ECON 913-4 Selected Topics in Economics

Offered by arrangement.

ECON 921-4 Directed Readings

Supervised reading in a particular field of specialization. Offered by arrangement.

ECON 922-4 Directed Readings

Supervised reading in a particular field of specialization. Offered by arrangement.

ECON 923-4 Directed Readings

Supervised reading in a particular field of specialization. Offered by arrangement.

ECON 990-0 PhD Thesis
ECON 991-0 MA Thesis
ECON 998-0 MA Essays
ECON 999-0 MA Project

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Index : searchable with the Find function in your web browser Calendar.pdfs Office of the Registrar / SFU
Table of Contents : searchable with the Find function in your web browser Course Database or Course Outlines
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Financial Assistance