Course
Discontinued
No
Course Code
ECON 2490
Descriptive
Canadian Microeconomic Policy
Department
Economics
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
202030
PLAR
No
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Contact Hours
Lecture: 3 Hours
Seminar: 1 Hour
Total: 4 Hours
Method(s) Of Instruction
Lecture
Seminar
Learning Activities
Lecture and Seminar.
Course Description
Microeconomics is the study of how resources are allocated by individual decision makers in their market pursuits. In a modern industrial economy like Canada's, it is also true that government policy influences the allocation of resources. Canadian Microeconomic Policy utilizes principles of microeconomics to examine policy issues such as: government controlled prices and quantities, marketing boards, tax policy, competition policy, regulation of industry, trade policy and environmental protection.
Course Content
- Review of supply and demand
- Consumer surplus and measures of welfare
- Government controlled prices and quantities
- Marketing boards
- Tax Policy
- Imperfect Competition and Anti-Competitive Practices
- Competition Policy
- Regulation of Industry
- Trade Policy: Theory and Institutions
- Externalities and Environmental Protection
- Public Goods.
Learning Outcomes
At the end of the course, the student will be able to:
- apply supply and demand analysis to examine issues such as government price and quantity controls and tax policy;
- utilize different theories of market structure to analyze anti-trust policy issues;
- analyze the economics of regulation from a public interest and private interest perspective;
- evaluate the efficacy of the policy options available to government authorities to deal with the problems of externalities and public goods.
Means of Assessment
| Final Examination | 30% - 40% |
| Term Tests | 40% - 70% |
| Assignments | 0% - 20% |
| Participation | 0% - 10% |
| Total | 100% |
Textbook Materials
Textbooks and Materials to be Purchased by Students
The main texts are to be chosen from the following, as determined by the instructor:
Brander, James. Government Policy Toward Business, Latest Ed. Butterworths.
Carson, Robert. Economic Issues Today, Latest Ed. St. Martin's Press.
Luciani, Patrick. Economic Myths: Making Sense of Canadian Policy Issues, Latest Ed. Addison-Wesley.
Supplementary materials may be chosen, as determined by the instructor.