Canadian Microeconomic Policy
Commerce & Business Administration
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
Lecture: 3 Hours Seminar: 1 Hour Total: 4 Hours
Method(s) Of Instruction
Lecture and Seminar.
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.
- 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.
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%|
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.