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Augustana Faculty - Economics

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AUECO101 Introduction to Microeconomics Course Page

Description: Economic analysis, problems, and policies, with emphasis on the Canadian economy; roles of consumers and firms in competitive and monopolistic markets; foreign ownership in the Canadian economy; distribution of income, inequality, and poverty; use of the environment; government economic policies.

AUECO102 Introduction to Macroeconomics Course Page

Description: Economic analysis, problems, and policies, with emphasis on the Canadian economy; national income and monetary theory; problems of unemployment and inflation; government monetary and fiscal policies; international trade theory, problems, and government policies. Prerequisite: AUECO 101.

AUECO190 Economic Issues (Cornerstone Course) Course Page

Description: AUECO 190 is the cornerstone course in the Bachelor of Arts in Economics program. It prepares the students with skills necessary for the study of economics. It does this through an examination of current economic issues, the pros and cons of economic way of thinking. The course also helps develop information literacy skills. Prerequisites: AUECO 101 or consent of the instructor.

AUECO203 Intermediate Microeconomic Analysis I Course Page

Description: Theory of consumer behaviour; theory of production and cost; price and output determination under competition, monopoly, and other market structures. Prerequisite: AUECO 101.

AUECO204 Intermediate Macroeconomic Analysis I Course Page

Description: National income concepts and income determination; theories of aggregate consumption, investment, and employment behaviour; monetary and fiscal policy. Prerequisite: AUECO 102.

AUECO206 Mathematics in Economics and Finance Course Page

Description: Mathematical analysis of problems arising in economics and finance, including an introduction to economic modelling; simple, compound, and continuous rates of interest; static and comparative-static analysis; optimization; annuities, mortgages, bonds, and other securities; dynamics. Prerequisites: AUECO 101 and one of AUMAT 110, 111 or 116. Note: Credit may be obtained for only one of AUECO 206, AUMGT 206, AUMAT 235.

AUECO215 Economic Thought Course Page

Description: Survey of the history of economic thought, focusing on the major schools of thought from classical political economy to post-war neoclassicism. Prerequisite: AUECO 101.

AUECO220 Thinking Strategically Course Page

Description: Introduction to game theory and strategic thinking in economics, business, and related disciplines. Prerequisites: Pure Mathematics 30 or Mathematics 30-1 and AUECO 101.

AUECO251 History of Canadian Economic Development Course Page

Description: Survey of Canada's economic development from before Confederation until the present. Note: Credit may be obtained for only one of AUECO 251 and AUHIS 262.

AUECO252 India Tour Orientation Course Page

Description: Examination of the intersection between religion and development in India. Students research and present on a particular topic relevant to the intersection of religion and development, as well as participate in team building exercises. Issues such as health and safety, travel preparations, dealing with culture shock, and the regional geography of India will be covered. Prerequisite: One of AUREL 100, 283, AUECO 101, consent of the instructor. Notes: This is a prerequisite course for the India Tour (AUECO 254 or AUREL 266). Costs associated with the India Tour (3-weeks) and applicable tuition are the responsibility of the student. Enrolment is limited to 15 students. This course can only be taken by students who also register in AUECO 254 or AUREL 266. Credit may be obtained for only one of AUECO 252 or AUREL 260.

AUECO254 India Tour Course Page

Description: Three-week study tour of India that focuses on a chosen region of India in order to examine the intersection between religious belief and practice and development challenges. Students will be exposed to various development projects as well as an array of religious sites. It is expected that students will gain an in depth understanding of India, its cultural and religious diversity, and the challenges it faces in the 21st century. Students will be exposed to both rural and urban life. Prerequisite: AUECO 252 or AUREL 260. Notes: Costs associated with this India Tour course and applicable tuition are the responsibility of the students. Enrolment is limited to 15 students. Credit may be obtained for only one of AUECO 254 and AUREL 266. Requires payment of additional student instructional support fees. Refer to the Fees Payment Guide in the University Regulations and Information for Students section of the Calendar.

AUECO257 The International Economy in Historical Perspective I Course Page

Description: Economic analysis of modern economic growth focusing on the Industrial Revolution and its consequences. Critical thinking about why the Industrial Revolution and its related economic growth models can and/or cannot be generalized worldwide is also encouraged.

AUECO258 The International Economy in Historical Perspective II Course Page

Description: Economic analysis of the international economy during the past century. Topics examined include the disintegration of national and international economies after World War I, the Great Depression, and the fate of national and international economies after World War II. Critical thinking about whether international economic integration has promoted worldwide economic growth and stability is also encouraged.

AUECO311 Introductory Econometrics Course Page

Description: Introduction to the application of econometric methods in economics and business. The focus is on major topics in econometrics with emphasis on applied regression methods. Prerequisites: AUSTA 153 and AUECO 203.

AUECO323 Industrial Organization Course Page

Description: Exploration of various patterns of internal organization in industries, focusing on the relations among the structure, conduct, and performance of the industries. Prerequisite: AUECO 101. Note: Credit may be obtained for only one of AUECO 323 and AUMGT 323.

AUECO333 Money and Banking in Canada Course Page

Description: Study of the role of money and of monetary institutions and policy in the framework of Canadian financial institutions. Prerequisite: AUECO 101 and 102.

AUECO336 Economics of Financial Markets Course Page

Description: Examination of economic approaches to financial market activity: the meaning and measurement of risk, portfolio investment choices and market equilibrium, theory of interest and the term structure of interest rates, inter-temporal and macro-policy issues, and debt management. Prerequisite: AUECO 101 and 102. Note: Credit may be obtained for only one of AUECO 336 and AUECO 436.

AUECO341 Environmental Economics Course Page

Description: Examination of the relationships between the economy and the environment. Emphasis is placed on the application of economic analysis to various environmental issues. Prerequisite: AUECO 101. Note: Credit may be obtained for only one of AUECO 341 and AUENV 341.

AUECO346 Agricultural Economics Course Page

Description: Study of economic theory and policy relating to the agricultural sector of the economy. Emphasis is placed on the economic aspects of agricultural production, marketing, finance, and resource use with particular reference to agricultural policy in Canada and Alberta. Prerequisite: AUECO 101.

AUECO360 International Economics Course Page

Description: Examination of the theories of international trade and investment, the international monetary system, and the multinational firm. Prerequisite: AUECO 101.

AUECO363 International Finance Course Page

Description: Examination of the types of international transactions, exchange rate determination, balance of payments adjustments, macroeconomics in an open economy, and other issues in the international monetary system. Prerequisite: AUECO 102. Note: Credit may be obtained for only one of AUECO 363 and AUECO 463.

AUECO364 Development Economics Course Page

Description: Survey of the major approaches to and problems of economic development in the less-developed nations. Particular emphasis is placed on issues relating to capital accumulation, income distribution, population growth and employment, and international economic relations. Prerequisite: AUECO 101.

AUECO380 Selected Topics in Economics Course Page

Description: This course covers selected topics in Economics. Topics may vary from year to year depending on the instructor and student interest. Prerequisites: AUECO 101 and 102. Notes: Minimum third year standing.

AUECO384 Intermediate Microeconomic Analysis II Course Page

Description: Designed for majors in Economics, dealing with extensions and applications of microeconomic theory: topics include intertemporal choice, risk, uncertainty and expected utility; oligopoly and game theory; externalities, public goods, adverse selection, moral hazard, and asymmetric information; general equilibrium. Prerequisites: AUECO 203 and AUMAT 110 or 111 or 116.

AUECO385 Intermediate Macroeconomic Analysis II Course Page

Description: Designed for majors in Economics. Theories of stabilization policy; expectations; the government budget constraint; inflation and unemployment; business cycles and growth; theories of aggregate consumption, investment, money demand and money supply. Prerequisites: AUECO 203, 204 and AUMAT 110 or 111 or 116.

AUECO393 Public Sector Economics Course Page

Description: Analysis of the use of resources for public purposes by all levels of government, emphasizing the rationale for public expenditures, taxation structures, and public choice mechanisms. Prerequisite: AUECO 102.

AUECO397 Directed Reading I Course Page

Description: Intensive study of a specific area of economics as defined by the student and a supervising instructor. Prerequisite: Consent of the instructor. Notes: An "Application for Individual Study" must be completed and approved before registration in the course. The course is intended primarily for a student planning to pursue graduate studies in economics.

AUECO398 Directed Reading II Course Page

Description: Intensive study of a specific area of economics as defined by the student and a supervising instructor. Prerequisites: AUECO 397 or 497, and consent of the instructor. Notes: An "Application for Individual Study" must be completed and approved before registration in the course. The course is intended primarily for a student planning to pursue graduate studies in economics.

AUECO436 Economics of Financial Markets Course Page

Description: Examination of economic approaches to financial market activity: the meaning and measurement of risk, portfolio investment choices and market equilibrium, theory of interest and the term structure of interest rates, inter-temporal and macro-policy issues, and debt management. Prerequisite: AUECO 101 and 102. Note: Credit may be obtained for only one of AUECO 336 and AUECO 436.

AUECO449 Economic Methods of Project Evaluation Course Page

Description: Analysis of investment projects using various economic methods. Topics include the use of cost-benefit analysis, impact analysis, and methods to examine the relations among economic activity, the environment, and development. Prerequisites: AUECO 203 and 204.

AUECO463 International Finance Course Page

Description: Examination of the types of international transactions, exchange rate determination, balance of payments adjustments, macroeconomics in an open economy, and other issues in the international monetary system. Prerequisite: AUECO 102. Note: Credit may be obtained for only one of AUECO 363 and AUECO 463.

AUECO465 International Trade Policy and Applications Course Page

Description: Examination of various trade models. The application of economic tools to international trade policy; tariffs, quotas, export subsidies, and application of game theory to international trade. Prerequisite: AUECO 203. Note: AUECO 360 is highly recommended.

AUECO480 Ethics in Economics and Business Course Page

Description: Investigation of the relation between ethical reflection and the activities of businesses and economics. Attention is paid to the role of self-interest and rationality in economic and business discourse, the relation between the price system and human values, and the morality of the market as a means of social organization. Several case studies are used. Prerequisite: At least *6 at a senior-level in Economics or Management.

AUECO490 Senior Seminar in Economics (Capstone Course) Course Page

Description: A capstone course for economics majors. Students read and discuss scholarly articles in which economics plays a role in understanding events. Students will use the economic way of thinking to prepare and present a research paper. The goal of the course is to use economic theory and data to analyze important theoretical, empirical and policy questions and also help develop analytical writing, presentation, speaking and listening skills. Prerequisites AUECO 311 and AUECO 384, or consent of the instructor. Pre/Corequisite: AUECO 385. Note: Open only to Economics majors.

AUECO497 Directed Reading I Course Page

Description: Intensive study of a specific area of economics as defined by the student and a supervising instructor. Prerequisite: Consent of the instructor. Notes: An "Application for Individual Study" must be completed and approved before registration in the course. The course is intended primarily for a student planning to pursue graduate studies in economics.

AUECO498 Directed Reading II Course Page

Description: Intensive study of a specific area of economics as defined by the student and a supervising instructor. Prerequisites: AUECO 397 or 497, and consent of the instructor. Notes: An "Application for Individual Study" must be completed and approved before registration in the course. The course is intended primarily for a student planning to pursue graduate studies in economics.