The development of economic thought from Aristotle to Adam Smith, focusing on the conceptual foundations of economics, particularly the problems of value, distribution, and economic growth. Credit will be granted for only one of ECON_V 318 or PHIL_V 362 Prerequisite: One of ECON_V 101, ECON_V 310 and one of ECON_V 102, ECON_V 311. Equivalency: PHIL_V 362.

Consumer behaviour, producer theory, exchange, monopoly, oligopoly, externalities, public goods, general equilibrium and welfare economics. Registration restricted to students in the Bachelor of International Economics Program. Credit will be granted for only one of ECON 315, ECON 301, ECON 304, COMM 295, FRE 295. This course is not eligible for Credit/D/Fail grading. Prerequisite: One of ECON 101, ECON 310 and one of MATH 100, MATH 102, MATH 104, MATH 110, MATH 120, MATH 180, MATH 184 and one of MATH 101, MATH 103, MATH 105, MATH 121.

Income and employment theory, monetary theory, the open economy, economic fluctuations and growth. Credit will be granted for only one of ECON 302, ECON 305, or ECON 309. Prerequisite: One of ECON 101, ECON 310 and one of ECON 102, ECON 311 and one of MATH 100, MATH 102, MATH 104, MATH 110, MATH 120, MATH 180, MATH 184 and one of MATH 101, MATH 103, MATH 105, MATH 121.

Social and economic implications for both rich and poor countries of lowered barriers to the international flows of information, capital, labour and goods. May not be taken for credit by students with fourth-year standing in Bachelor of International Economics or any of the following Economics programs offered by VSE: Majors, Minors, Combined Majors, Honours. Prerequisite: One of ECON 101, ECON 310 and one of ECON 102, ECON 311.

Elements of theory and of Canadian policy and institutions concerning the economics of growth and business cycles, employment, national income accounting, interest and exchange rates, money and banking, the balance of trade. Credit will be granted for only one of ECON_V 102 or ECON_V 311. Equivalency: ECON_V 311.