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Program Structure
Only one of ECON6050 and ECON6070 will be offered a year depending on faculty availability.
Students who have completed two statistics related courses at the undergraduate level with grades of B or better may be able to receive a waiver for BUSN 5010.
BUSN 5010 Managerial Statistics (3,0,0) BUSN 5010 Managerial Statistics (3,0,0)Credits: 3 credits Students examine the statistical methods and tools required for decision making in today's business environment. Topics include descriptive statistics and numerical measures, statistical inferences with two populations, hypothesis tests and nonparametric methods, analysis of variance, simple regression models, multiple regression models, regression and the model building process, regression models with categorical dependent variables and applied models with categorical dependent variables.
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ECON 5010 |
ECON 6010 Principles of Environmental and Natural Resource Economics (3,0,0) ECON 6010 Principles of Environmental and Natural Resource Economics (3,0,0)Credits: 3 credits Students are introduced to normative economics and receive a board overview of different approaches to economic analysis of the environment and resources. Environmental, ecological and resource problems are discussed and economic solutions are identified, analyzed and critiqued. Topics include an introduction to economic efficiency; externalities, common resources and public good provision issues; the theory of non-renewable natural resources; cost-benefit analysis; ecological economics and green accounting; and the economics of climate change.
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ECON 6020 Applied Microeconomics for Sustainable Management (3,0,0) ECON 6020 Applied Microeconomics for Sustainable Management (3,0,0)Credits: 3 credits Students examine more advanced microeconomic tools and apply these to economic sustainable management. Topics include market analysis for economic sustainability, demand analysis and estimation, the role of elasticities in sustainable management; consumer behavior and rationale choice; risk behavior and assessment; production efficiency; cost analysis and estimation; the role of the market structure for sustainable management; game theory and strategic behavior; and asymmetric information problems.
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ECON 6030 Foundations of Cost-Benefit Analysis (3,0,0) ECON 6030 Foundations of Cost-Benefit Analysis (3,0,0)Credits: 3 credits Students are introduced to the principles and practice of cost-benefit analysis and how it is applied to evaluating public policies and specific projects. Topics include the conceptual and economic foundations of cost-benefit analysis; valuing benefits and costs in primary and secondary markets; discounting benefits and costs; evaluation criteria; incorporating uncertainty and risk; the role of option price and value; existence value of projects; social discount rate; and predicting and monetizing impacts. Applications relate to such areas as human resource, natural resource, recreation economics plus economic development and urban planning.
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ECON 6040 Valuation Methods for Cost-Benefit Analysis (3,0,0) ECON 6040 Valuation Methods for Cost-Benefit Analysis (3,0,0)Credits: 3 credits Building on Foundations of Cost-Benefit Analysis, students explore advanced techniques of valuing impacts and contingent valuation methods for investment projects. Valuation methods will be conducted using experiments, quasi-experiments, direct estimation and other indirect market methods. Other topics include contingent valuation, hedonic pricing method, shadow prices, econometrics of contingent valuation, cost-effectiveness analysis, distributional weighted cost-benefit analysis, and hypothesis testing in contingent valuation surveys. A critique of the valuation approaches for non-market goods and services from a philosophical perspective will be addressed.
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ECON 6080 Policy and Regulation for Sustainable Management (3,0,0) ECON 6080 Policy and Regulation for Sustainable Management (3,0,0)Credits: 3 credits Students explore the role of government policy in the regulation of the environment and sustainability. Topics include criteria for evaluating environmental policies; decentralized policies including liability laws and property rights; control and command policies; emission taxes and subsidies; transferable discharge permits; compliance costs, uncertainty, and information; federal and provincial environmental policy in Canada; air, land and water pollution control policies; policy on toxic and hazardous substances; local environmental issues; global environmental issues and policies.
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BUSN 6010 Ethics and Corporate Social Responsibility (3,0,0) BUSN 6010 Ethics and Corporate Social Responsibility (3,0,0)Credits: 3 credits Students become more effective decision makers by examining the meaning and role of ethics in the business environment, and the social responsibility of business organizations. Topics include an introduction business ethics; framing business ethics in terms of corporate social responsibility, stakeholders and citizenship; evaluating business ethics using normative ethical theories; making decisions in business ethics using descriptive ethical theories; tools and techniques of business ethics management; business ethics and shareholders, employees, consumers, suppliers, competitors, civil society, government and regulation; the future of business ethics.
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ECON 6050 Sustainable Community Economic Development (3,0,0) ECON 6050 Sustainable Community Economic Development (3,0,0)Credits: 3 credits Students learn about the sustainable development of urban and rural communities with an emphasis on critical evaluation of the theory and strategies and application of analytical techniques. Topics include the theoretical basis for community economic development (CED); a critical analysis of theories explaining CED; analytical techniques for community evaluation; economic impact analysis; an assessment of environmental and economic sustainability objectives for project selection; third sector structures; competing strategies for community development; financial strategies and challenges; the role of the public sector in CED; and an overview of CED activity in Canada and other nations.
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ECON 6070 Sustainable Macroeconomic Development (3,0,0) ECON 6070 Sustainable Macroeconomic Development (3,0,0)Credits: 3 credits Students explore the macroeconomic theories and issues, internal and external challenges, and alternative policy options for sustainable economic development. Topics include a comparative analysis of the leading theories of economic growth, development and sustainability; lack of economic growth, poverty and income distribution; consequences of population growth and technological change; employment and migration, human capital, agriculture and rural development, international trade and commercial policy, foreign investment and aid; and global integration, economic transition and environmental degradation.
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ECON 6910 Selected Topics in Evironmental Economics and Management (3,0,0) ECON 6910 Selected Topics in Evironmental Economics and Management (3,0,0)Credits: 3 credits Students will focus on specific topics within the field of economic sustainable management not covered by regularly scheduled, required courses in the program. Course content will vary depending on the interests of faculty and students.
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6 credits of BUSN 6000 level courses (Recommended courses are BUSN 6040, BUSN 6050, and BUSN 6070) (6.00 Credits)
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