Economics

Economics is a field of study devoted to analyzing and managing the production, distribution and consumption of goods and services.

Our Department of Economics offers applied courses in a wide variety of areas including fisheries, petroleum and mining, forestry, environmental, international, monetary, public sector, welfare, labour and health economics. 

Economics electives

Below is a list of all economics electives that anyone can register for, because they have 0 or just 1 prerequisite. For a complete list of our economics courses, see the university calendar. 

Introduction to Microeconomics
(ECON 1010)

Examines scarcity and opportunity cost. Demand and supply. Elasticity. Household demand: marginal utility. Household demand: indifference curves. Production functions. Short-run and long-run cost functions. Perfect competition in the short run and the long run. Monopoly. All sections of this course follow Quantitative Reasoning Course Guidelines available at www.mun.ca/hss/qr.

Note: Same as the former ECON 2010

Introduction to Macroeconomics
(ECON 1020) 

Covers national income accounting, aggregate income analysis, money, banking and foreign trade. All sections of this course follow Quantitative Reasoning Course Guidelines available at www.mun.ca/hss/qr.

Note: Same as the former ECON 2020

Natural Resource and Environmental Economics
(ECON 3080)

An application of economic analysis to renewable and non-renewable natural resource industries such as the fishery, forestry, and mining. Emphasis is given to the criteria for optimal resource use under various market structures and their implications for public policy. Issues of environmental resource management and pollution control will also be covered.

Prerequisite: ECON 1010 (or the former ECON 2010)

Economic Analysis in Health Care
(ECON 3140) 

Evaluates the role of economic analysis to health and medical care. Topics in the application of cost effectiveness analysis [and cost-benefit analysis] to health care programs, as well as comparisons of the Canadian experience with other health care systems will be discussed.

Prerequisite: ECON 1010 (or the former ECON 2010)

Labour Market Economics
(ECON 3360)

An intermediate course concentrating on Canadian labour issues. The course investigates the labour market decisions that workers face and the influence of government decisions. Course topics also include factors affecting a firm's demand for labour, wage determination in non-union market, the role of unions, the various structure of wages and wage differentials in the Canadian setting.

Note: Same as the former ECON 4360

Prerequisite: ECON 1010 (or the former ECON 2010)

Applications of Choice Theory
(ECON 3670)

Examines microeconomic choices made outside perfectly competitive markets. Its topics include areas to which choice theory has been applied, for example, the economics of labour, marriage, sport, entertainment, crime, gambling, and the consumption of addictive goods.

Prerequisite: ECON 1010 (or the former ECON 2010)