Lecture and Seminar.
- 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.
|Final Examination||30% - 40%|
|Term Tests||40% - 70%|
|Assignments||0% - 20%|
|Participation||0% - 10%|
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
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.
Courses listed here must be completed either prior to or simultaneously with this course:
- No corequisite courses
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses