The Firm and Organization

Option A - Micro-economic Analysis

AP/ECON 1530 3.0 Introductory Mathematics for Economists I

Introduces and develops topics in differential calculus and integral calculus with applications to marginal analysis and profit maximization.

Prerequisites/Co-requisites: AP/ECON 1000 3.0 or AP/ECON 1010 3.0, or equivalent.

Recommended completion: high-school calculus or equivalent.

Course credit exclusions: SC/MATH 1000 3.0, SC/MATH 1013 3.0, SC/MATH 1300 3.0, SC/MATH 1505 6.0, SC/MATH 1513 6.0, SC/MATH 1550 6.0, GL/MATH/MODR 1930 3.0.

AP/ECON 1540 3.0 Introductory Mathematics for Economists II

Introduces and develops topics in comparative statics of general function models and matrix algebra with applications to input-output models, unconstrained and constrained optimization with applications to microeconomic and macroeconomic models, and elements of linear programming with applications to decision-making in economics.

Prerequisite: AP/ECON 1530 3.0 or equivalent.

Prerequisites/Co-requisites: AP/ECON 1000 3.0 or AP/ECON 1010 3.0, or equivalent.

Note: No credit will be retained for this course for students who have successfully completed or who are currently enrolled in SC/MATH 1021 3.0, SC/MATH 1025 3.0, or SC/MATH 2221 3.0.

Course credit exclusions: SC/MATH 1505 6.0, SC/MATH 1550 6.0, GL/MATH/MODR 2650 3.0.

Note: Acceptable course substitutes are available in the Calendar.

AP/ECON 2500 3.0 Introductory Statistics for Economists I

Provides an introduction to statistical techniques. Topics covered include descriptive statistics and frequency distributions, measures of location and dispersion, random variables, sampling distributions, probability theory and mathematical expectations, the normal distribution, correlation, and the design and interpretation of hypothesis tests.

Prerequisites: Grade 12U Advanced Functions or equivalent.

Course credit exclusions: AP/ADMS 2320 3.0, AP/POLS 3300 6.0, AP/SOCI 3030 6.0, ES/ENVS 2009 6.0, GL/MATH/MODR 1610 3.0, GL/POLS/SOCI 2610 3.0, GL/PSYC 2530 3.0, HH/KINE 2050 3.0, HH/PSYC 2020 6.0, HH/PSYC 2021 3.0, SC/BIOL 2060 3.0, SC/GEOG 2420 3.0, SC/MATH 1131 3.0, SC/MATH 2500 3.0, SC/MATH 2560 3.0, SC/MATH 2565 3.0.

Note: Acceptable course substitutes are available in the Calendar.

PRIOR TO FALL 2009: Course credit exclusions: AK/ADMS 2320 3.0, SC/BIOL 2060 3.0, AK/ECON 3470 3.0, AS/ECON 2500 3.0, ES/ENVS 2010 6.0, AS/SC/GEOG 2420 3.0, AS/KINE 2050 3.0 (Prior to Fall/Winter 2007-08), HH/KINE 2050 3.0, AK/AS/SC/MATH 2560 3.0, AK/AS/SC/MATH 2565 3.0, AS/POLS 3300 6.0, AK/AS/SC/PSYC 2020 6.0 (Prior to Fall/Winter 2007-08), HH/PSYC 2020 6.0, AK/AS/SC/PSYC 2021 3.0 (Prior to Fall/Winter 2007-08), HH/PSYC 2021 3.0, AS/SOCI 3030 6.0.

AP/ECON 3210 3.0 Use of Economic Data

Introduces the theory and practice of empirical analysis of economic models. Develops tools to estimate economic relationships involving two or more variables and to test their significance. Relies on the use of Canadian data sets and statistical software packages to show how linear regression analysis is applied.

Prerequisite: AP/ECON 2500 3.0 or equivalent.

Note: No credit will be retained for this course for students who have successfully completed or who are currently enrolled in AP/ECON 4210 3.0.

Course credit exclusions: HH/PSYC 3030 6.0, SC/MATH 3330 3.0. Note: Acceptable course substitutes are available in the Calendar.

PRIOR TO FALL 2009: Course credit exclusions: SC/BIOL 2060 3.0, AK/AS/ECON 3210 3.0, AK/AS/SC/MATH 3033 3.0, AS/SC/MATH 3330 3.0]. [AP/ECON 3210 3.0 is based on AS/ECON 3210 3.0 and AK/ECON 3210 3.0.

AP/ECON 3500 3.0 Introductory Math. Statistics for Economists

Provides an introduction to mathematical statistical analysis. Includes distributions of random variables and of functions of random variables, conditional probability, independence, special distributions, moment-generating functions, the central limit theorem, estimation and hypothesis testing.

Prerequisites: AP/ECON 1530 3.0, AP/ECON 1540 3.0, and AP/ECON 3470 3.0.

Course credit exclusions: GL/ECON/MODR 3670 3.0, SC/MATH 2030 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AS/ECON 3500 3.0, GL/ECON 3670 3.0, AS/MATH 2030 3.0, GL/MODR 3670 3.0, AK/AS/SC/PSYC 2022 3.0 (Prior to Fall/Winter 2007-08), HH/PSYC 2022 3.0.

AP/ECON 2300 3.0 Intermediate Microeconomic Theory I

Studies how individuals, households, and firms make decisions given the incentives and constraints of their economic environment. Topics include consumer decision-making, production and costs, competitive equilibrium, and the role of prices in a market economy.

Prerequisites: AP/ECON 1000 3.0, AP/ECON 1010 3.0, and AP/ECON 1530 3.0, or equivalents.

Prerequisites/Co-requisites: AP/ECON 1540 3.0.

Course credit exclusion: GL/ECON 3230 6.0.

AP/ECON 2350 3.0 Intermediate Microeconomic Theory II

Applies the analytical tools from AP/ECON 2300 3.0 to analyze resource allocation in imperfectly competitive markets and factor pricing in alternative market structures. Considers basic concepts of general equilibrium and welfare economics.

Prerequisite: AP/ECON 2300 3.0 or equivalent. Course credit exclusion: GL/ECON 3230 6.0.

PRIOR TO FALL 2009: Course credit exclusions: AK/AS/ECON 2350 3.0, GL/ECON 3230 6.0.

AP/ECON 3200 3.0 Industrial Organization

Studies the non-strategic and strategic behaviour of firms and industrial organizations under different markets structures, with emphasis on imperfectly competitive markets. Topics include pricing and non-pricing strategies, vertical and horizontal restraints, entry deterrence, advertising, investment, and innovation.

Prerequisite: AP/ECON 1000 3.0 or equivalent.

Course credit exclusion: GL/ECON 3370 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AK/ECON 3750 3.0, AS/ECON 3200 3.0, GL/ECON 3370 3.0.

AP/ECON 3411 3.0 Managerial Economics & Strategy

Introduces students to the economic concepts and frameworks which the general manager can use to formulate, analyze, and implement strategy. Covers issues pertaining to firms' boundaries, the economics of the make-versus-buy decisions, the transaction costs of market exchange, and diversification. Additional topics include the theories of competitive strategy such as market and entry strategies and strategic positioning and dynamics.

Prerequisites: AP/ECON 2300 3.0 and AP/ECON 3500 3.0 or equivalents.

Course credit exclusions: None.] [PRIOR TO FALL 2009: Course credit exclusion: AK/ECON 3411 3.0.

AP/ECON 3350 3.0 Economic Theories of Entrepreneurship

Covers materials on various economic theories of entrepreneurship, as well as sociological, psychological and cultural theories. Includes case studies of entrepreneurship in various countries, including Asia Pacific countries, as well as Socialist economies in transition.

Prerequisites: AP/ECON 1000 3.0 or AP/ECON 1010 3.0, or equivalent.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/ECON 3350 3.0.

AP/ECON 4130 3.0 Game Theory in Economics

Covers the idea of a game, of a solution, the extensive form, the concept of equilibrium, games of incomplete information, backward and forward induction, repeated games, signaling and principal-agent models, and bargaining models.

Prerequisites: AP/ECON 1530 3.0 and AP/ECON 1540 3.0 or equivalents.

Course credit exclusion: GL/ECON 3340 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AS/ECON 4130 3.0, GL/ECON 3340 3.0.

AP/ECON 4210 3.0 Econometrics

Derives least squares and maximum likelihood estimators for classical and generalized cases, stressing theorem proving, diagnostic analysis, and careful applied work.

Prerequisite: AP/ECON 3500 3.0 or equivalent.

Course credit exclusions: GL/ECON 4260 3.0, SC/MATH 3330 3.0.

Note: Acceptable course substitutes are available in the Calendar.

PRIOR TO FALL 2009: Course credit exclusions: AK/ECON 3490 3.0, AS/ECON 4210 3.0, GL/ECON 4260 3.0, AS/SC/MATH 3330 3.0.

AP/ECON 4220 3.0 Topics in Econometrics

Examines multiple and simultaneous linear equations models. Considers time series analysis and other special topics. Stresses theorem proving, diagnostic analysis, and careful applied work.

PRIOR TO FALL 2009: Course credit exclusion: AS/ECON 4220 3.0.

AP/ECON 4350 3.0 Topics in Industrial Organization

Examines, at the advanced level, theories pertaining to industrial organization. Covers oligopoly, entry, vertical integration, product differentiation, advertising, innovation and market structure, and industrial organization in an open economy. Discusses public policy where appropriate.

Prerequisites: AP/ECON 2300 3.0, AP/ECON 2350 3.0 and AP/ECON 3200 3.0, or equivalents.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/ECON 4350 3.0.

Option B - Organizational Analysis

Course Descriptions

AP/ADMS 1000 3.0 Introduction to Administrative Studies

This course provides an overview of the context within which modern organizations operate. The course will examine the development of organizational and managerial theories. A number of contemporary issues and the organizational responses will be discussed.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusions: AK/ADMS 1000 3.0, AK/ADMS 2000 3.0 (prior to Summer 1997), AK/ADMS 2000 6.0 (prior to Fall/Winter 1997-1998), AK/ADMS 2010 3.0 (prior to Summer 1994).

AP/SOSC 2330 9.0 The Economics of Law, Policy & Organization

This course considers economics as a form of moral argument. This course considers how economists evaluate existing government policies in a broad variety of areas, including housing policies and rent control, environmental protection and gender equity in the workplace.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/SOSC 2330 9.0.

AP/ECON 3210 3.0 Use of Economic Data

Introduces the theory and practice of empirical analysis of economic models.

Develops tools to estimate economic relationships involving two or more variables and to test their significance. Relies on the use of Canadian data sets and statistical software packages to show how linear regression analysis is applied.

Prerequisite: AP/ECON 2500 3.0 or equivalent.

Note: No credit will be retained for this course for students who have successfully completed or who are currently enrolled in AP/ECON 4210 3.0.

Course credit exclusions: HH/PSYC 3030 6.0, SC/MATH 3330 3.0.

Note: Acceptable course substitutes are available in the Calendar.

PRIOR TO FALL 2009: Course credit exclusions: SC/BIOL 2060 3.0, AK/AS/ECON 3210 3.0, AK/AS/SC/MATH 3033 3.0, AS/SC/MATH 3330 3.0, AP/ECON 3210 3.0 is based on AS/ECON 3210 3.0 and AK/ECON 3210 3.0.

AP/ECON 3500 3.0 Introductory Math. Statistics for Economists

Provides an introduction to mathematical statistical analysis. Includes distributions of random variables and of functions of random variables, conditional probability, independence, special distributions, moment-generating functions, the central limit theorem, estimation and hypothesis testing

Note: Students who take this course as part of the Macro-Economy Option A Stream should replace it with another course chosen from the courses listed below at the 3000 level

Prerequisites: AP/ECON 1530 3.0, AP/ECON 1540 3.0, and AP/ECON 3470 3.0.

Course credit exclusions: GL/ECON/MODR 3670 3.0, SC/MATH 2030 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AS/ECON 3500 3.0, GL/ECON 3670 3.0, AS/MATH 2030 3.0, GL/MODR 3670 3.0, AK/AS/SC/PSYC 2022 3.0 (Prior to Fall/Winter 2007-08), HH/PSYC 2022 3.0.

AP/ECON 3200 3.0 Industrial Organization

Studies the non-strategic and strategic behaviour of firms and industrial organizations under different markets structures, with emphasis on imperfectly competitive markets. Topics include pricing and non-pricing strategies, vertical and horizontal restraints, entry deterrence, advertising, investment, and innovation.

Prerequisite: AP/ECON 1000 3.0 or equivalent.

Course credit exclusion: GL/ECON 3370 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AK/ECON 3750 3.0, AS/ECON 3200 3.0, GL/ECON 3370 3.0.

AP/ECON 3240/3249 3.0 Labour Economics - Theory/Writing

Applies economic theory to labour markets. Topics include labour force participation, hours of work, investment in education and training, worker mobility, demand for and supply of labour, the effects of market structure on wages and employment, and theories of trade unions and collective bargaining.

Prerequisites: AP/ECON 1000 3.0 and AP/ECON 1010 3.0 or equivalents.

Course credit exclusions: AP/ECON 3249 3.0, GL/ECON 3540 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AK/ECON 3610 3.0, AS/ECON 3240 3.0, AS/ECON 3249 3.0, GL/ECON 3550 3.0.

AP/SOCI 3480 6.0 Organizations, Work and Society

Formal organizations such as social groups, such as businesses, governments, educational institutions and trade unions are established in a more or less deliberate manner for the attainment of specific goals. Focuses on topics such as institutionalization, leadership, change, rationality, bureaucracy, structure, power and technology.

Prerequisite: A 1000-level course in social science.

Course credit exclusion: AP/SOCI 3490 6.0.

PRIOR TO FALL 2009: Prerequisite: A 1000-level course in social science.

Course credit exclusions: [AK/SOCI 3480 6.0, AS/SOCI 3620 6.0.

AP/SOCI 3490 6.0 Formal Organizations

Among the topics considered are theories of bureaucratic organizations, the relationship between formal and informal structures, official-client relationships, the effects of organizations upon their members and the relationship of organizations to one another and to the community.

Course credit exclusion: GL/SOCI 3460 6.0.

Prior TO FALL 2009: Course credit exclusions: AS/SOCI 3620 6.0, GL/SOCI 3460 6.0.

AP/ADMS 3300 3.0 Decision Analysis

This course provides an introduction to decision analysis under conditions of certainty, uncertainty, risk and competition. Both single person and group decision making are covered. Problems from many areas of managerial decision making are considered.

Prerequisites: AP/ADMS 2320 3.0 or ECON 2500 or equivalent.

PRIOR TO FALL 2009: Prerequisites: AK/ADMS 2400 3.0, AK/ECON 1000 3.0, AK/ECON 1010 3.0, and AK/ADMS 2320 3.0, AK/ADMS 3320 3.0 (prior to Summer 2005) or (AK/ECON 3470 3.0 and AK/ECON 3480 3.0).

Course credit exclusion: AK/ADMS 3300 3.0.

AP/ECON 4130 3.0 Game Theory in Economics

Covers the idea of a game, of a solution, the extensive form, the concept of equilibrium, games of incomplete information, backward and forward induction, repeated games, signaling and principal-agent models, and bargaining models.

Prerequisites: AP/ECON 1530 3.0 and AP/ECON 1540 3.0 or equivalents.

Course credit exclusion: GL/ECON 3340 3.0.

PRIOR TO FALL 2009: Course credit exclusions: AS/ECON 4130 3.0, GL/ECON 3340 3.0.

AP/ECON 4350 3.0 Topics in Industrial Organization

Examines, at the advanced level, the theories pertaining to industrial organization. Covers oligopoly, entry, vertical integration, product differentiation, advertising, innovation and market structure; and, industrial organization in an open economy. Discusses public policy, where appropriate

Prerequisites: AP/ECON 2300 3.0, AP/ECON 2350 3.0 and AP/ECON 3200 3.0, or equivalents.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/ECON 4350 3.0.

AP/SOSC 4041 6.0 Alternative Economic Firms & Arrangements

This course investigates alternatives to capitalist corporations that are characterized by some degree of mutuality, such as co-operatives and worker-owned firms. Key issues examined include the competitiveness of alternatives and their desirability on other grounds, including contributions to local economic development.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/SOSC 4041 6.0.

AP/SOSC 4210 6.0 Labour Relations Simulation

This course provides students who have academic or experiential background in industrial relations with the opportunity to increase their knowledge of collective bargaining, labour-management relationships and internal union and management decision-making processes through a year-long simulation.

Prerequisite: A university-level course in the labour relations field, or permission of the instructor.

Course credit exclusions: None.

PRIOR TO FALL 2009: Course credit exclusion: AS/SOSC 4210 6.0.

AP/ADMS 4010 3.0 Organization and Administrative Theory

Examines in depth the development of administrative thought and organizational theories. Current organizational theories will be related to contemporary administrative society.

Course credit exclusions: None.

PRIOR TO FALL 2009: Prerequisites: 1

For students in an Honours program, 78 credits including AK/ADMS 2400 3.0, or 2) for other students, a grade of C+ or better in AK/ADMS 2400 3.0.

Course credit exclusion: AK/ADMS 4010 3.0.

IMPORTANT NOTE:

The Firm Option A stream cannot be combined with Option A in The Macroeconomic Stream.

The Firm Option B stream cannot be combined with Option B in The Macroeconomic Stream.