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ECONOMICS
DEPARTMENT OF ECONOMICS
General Office:
Singer Hall, Room 465
Mailing Address: Department of Economics
University of New Brunswick
P.O. Box 4400, Fredericton, N.B.
Canada, E3B 5A3
Phone:
(506) 453-4828
Fax:
(506) 453-4514
Email:
econ@unb.ca
Website:
http://www.unbf.ca/arts/econ/
FACULTY
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Duhamel, Marc, BSc & MSc (Montreal), PhD (UBC), Vaughan Chair & Director of Policy
Studies Centre - 2013
Dalkir, Elif, BS (Mathematics-METU), MS (Bogazici), MA (Mathematics-Kansas), PhD
(Economics & Mathematics – Kansas), Assist. Prof. 2012
Dalkir, Mehmet S., BS, MS (Engineering-METU), MA (Kansas), PhD (Kansas), Assoc. Prof 2005
Farnworth, Mike, BA, MA (Qu.), PhD (McM), Assoc. Prof - 2000
Haan. Michael, BA (Dordt), MA (Windsor), PhD (Toronto), Assoc. Prof., Canada Research
Chair, (Joint with Sociology), 2010
Lantz, Van, BA (Car.), MA (Dal), PhD (S.Fraser), Prof (Joint Forestry & Enviro Mgmt) - 2000
McDonald, Ted, BA (St. F.X.), MCom, PhD (Melbourne), Prof - 2001
Murrell, David, BA (Duquesne),BSocSc, MA (Ott), PhD (Qu), Prof - 1985
Myatt, Anthony E., BA (Lancaster), MA, PhD (McM), Prof - 1983
Passaris, Constantine E., BA (American U, Cairo), MA (Nfld), PhD (Leicester), Prof - 1972
Yevdokimov, Yuri, BSc (Sumy), MA (Academy of Science), MSc (Ill), PhD (Manit.), Prof
(Joint Civil Eng.) - 1999
Yu, Weiqiu, BSc (Shandong), MA (UNB), PhD (S. Fraser), Prof & Chair - 1993
PROGRAMS OF STUDY
The Department of Economics offers Majors and Honours programs to students in the Faculties of
Arts, Business Administration and Science. The Department also offers a Minor to students from all
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Faculties. The usual entry level courses are introductory microeconomics (ECON 1013 or ECON
1014) and introductory macroeconomics (ECON 1023 or ECON 1024).
Students normally choose a Majors/Honours program in their second or third year and should
register with the Department at the beginning of the academic year. Registration forms can be
obtained from the departmental secretary in SH465 or downloaded from the departmental
website at: http://www.unb.ca/fredericton/arts/undergrad/ba/economics/index.html.
Minimum Academic Standards
Students in all Faculties should note that the minimum grade in a course required by any of the
Economics programs (Majors, Honours and Minor) is a "C". A grade of “D” is acceptable only if 1)
the course is a normal part of the final year of that program, and is being taken for the first time in
the final year; or 2) the course is not needed to meet the minimum credit hours of that program.
ECONOMICS PROGRAMS TO ARTS STUDENTS
Programs available to Faculty of Arts students include Majors and Honours in Economics, a Major
in Economic Studies and a Minor in Economics. There is also a Minor in Public Policy jointly offered
with Political Science.
Major in Economics
The Major consists of a minimum of 30 ch in Economics of which 24 ch must be in advanced
courses (i.e., courses that start with the number 3 or higher are advanced). Required courses
include ECON3023, ECON3013 , and a 3 ch course in statistics. Since the Economics Department
does not offer an undergraduate statistics course, most statistics courses offered by other
Departments are acceptable as an Economics statistics credit, e.g. ADM2623/ECON3601.
Major in Economic Studies
This Major consists of a minimum of 30 ch in Economics, of which 24 ch must be in advanced
courses. There are no other restrictions on course selection. The Economic Studies Program is
appropriate for those who want a liberal arts background in Economics without the commitment
to theory and statistics required by the Major in Economics.
Honours in Economics
There are two Honours programs: Single Honours and Joint Honours. They are suitable for students
who intend to become professional economists, particularly those who plan to do graduate work
at UNB or another university.
The Single Honours program consists of a minimum of 54 ch in Economics courses or approved
substitutes. The Joint Honours program consists of 48 ch in Economics courses or approved
substitutes.
Students may substitute up to 9 ch of non-Economics courses for non-compulsory Economics
courses. Department of Economics approval is required. These substitute courses must be
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approved by the Director of Undergraduate Studies.
To remain in the Honours programs, a student must maintain a GPA of 3.0 in Economics courses
and approved substitutes.
The following courses are compulsory for Honours students: ECON 3013 and ECON3023 ,
ECON3601/ADM2623 and ECON3628/ADM3628 or approved substitutes, ECON3665, ECON4013,
ECON4023, ECON4625, and ECON4665.
Minor in Economics
In addition to the Majors/Honours programs in Economics, a Minor in Economics is also available to students
from all Faculties. The minor in Economics shall consist of at least 24 ch in Economics. The courses for the
Minor must be from a "coherent set of sequence of courses" as called for by the general university regulations
for a Minor.
Minor in Public Policy
This is a joint Minor proposed by the departments of Economics and Political Science. Students may minor in
Public Policy by completing 24ch of courses offered by the Department of Economics and the Department of
Political Science. Students are required to complete 24ch as follows:
a.
6ch of economics chosen from: ECON 1014 or ECON 1013 , ECON 1024 or ECON 1023 , ECON 3505 ,
ECON 3705 , ECON 3905 .
b.
6ch of introductory political science (POLS) courses chosen from POLS 1103, POLS1203 , POLS 2200 ,
POLS 2203 .
c.
6ch of advanced economics (ECON) courses from ECON 3055 , ECON 3203 , ECON 3504 , ECON 3702
, ECON 3755 , ECON 3775 , ECON 3801 , ECON 3815 , ECON 3845 , ECON 3865 .
d.
6 ch of advanced political science (POLS) courses from POLS 3211 , POLS 3212 , POLS 3227 , POLS
3251 , POLS 3253 , POLS 3257 , POLS 3282 , POLS 3292 , POLS 3391 , POLS 3461 , POLS 3647 , POLS
3281 .
ECONOMICS PROGRAMS TO BUSINESS ADMINISTRATION STUDENTS
Programs available to Faculty of Business Administration students include Minor in Economics,
Major in Economics, Honours in Economics, and Honours in Finance and Economics.
Minor in Economics
In addition to the Major and Honours programs, a Minor in Economics is available to Business
Administration students. The Minor consists of at least 24 ch in Economics. For the Minor
ADM2623 and ADM2624 are treated as Economics credits. This means BBA students can earn a
Minor in Economics by taking only four Economics courses in addition to ECON 1013 or ECON1014
and ECON 1023 or ECON 1024 . The courses for the Minor must be from a “coherent set of
sequence of courses” as called for by the general university regulations for a Minor.
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Major in Economics
The Major consists of a minimum of 30 ch in Economics of which 24 ch must be in
advanced courses. Business students should note because the Economics Department
does not offer its own statistics and quantitative methods courses, that ADM2623 and
ADM2624 are treated as credits for advanced Economics courses. Required course
include , and ADM2623.
Honours in Economics
Business Administration students can complete an Honours in Economics. Honours
requires a cumulative GPA of 3.0 for the 24 ch or more of advanced courses required.
The required courses are as follows: 21 ch comprised of ECON 3013 , ECON3023,
ECON3665, ECON4013, ECON4023, ECON4625, and ECON4665. An additional 3 ch of
other Economics electives beyond the introductory level.
Honours in Finance and Economics
Business Administration students may complete an Honours in Finance and Economics.
The program requires cumulative GPA of 3.0 for the advanced courses required. The
required courses are as follows: 6 ch comprised of ADM 3415 and ADM 4445. 3 ch
comprised of ADM 3628 or approved equivalent. 9 ch from: ADM 3435 , ADM 4416 ,
ADM 4425 , ADM 4426 , ADM 4421 , ADM 4450 , ADM 4455 , and ADM 4475 (or MATH
4853 ). 18 ch comprised of: ECON 3013 , ECON 3023 , ECON 3665 , ECON 4013 , ECON
4023 , and ECON 4625.
ECONOMICS PROGRAMS TO SCIENCE STUDENTS
Programs available to Faculty of Science students include Majors and Honours in Economics, Major
and Honours in Mathematics/Statistics-Economics and in Earth Science-Economics, and a Minor in
Economics. Majors and Honours
Students are advised to carefully plan their selection and sequencing of
foundation courses as each course is a prerequisite for higher level courses
within the same subject area.
Students normally choose a major or Honours in the second year and should
register with the Department at the beginning of the academic year.
Registration forms may be obtained from the departmental secretary in SH465
or downloaded from the departmental website at:
http://www.unb.ca/fredericton/arts/departments/economics/index.html.
Major in Economics
A Major will consist of 42ch in Economics courses, 63 ch in other Science
courses (including CS 1003 or CS 1073)and 21 ch of electives for a total of
126ch. The following courses are compulsory for this program: ECON 1013,
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ECON 1023, ECON 3013, ECON 3023, ECON 4013, ECON 4023, ECON 3665,
MATH 1003 or 1053, MATH 1013 or 1063, CS 1003 or 1073, STAT 3083, and
STAT 3093. Course selection should normally conform to the following pattern:
First Year (36 ch minimum)
1. ECON 1013, ECON 1023, CS 1003 or 1073, MATH 1003 or 1053, MATH
1013 or 1063
2. A total of 20 ch of first year science lecture and labratory courses in two
subjects areas of Biology, Chemistry, Geology (Earth Sciences), and
Physics
Second Year (30ch minimum)
1. ECON 3013, ECON 3023, and 6 ch electives in Economics
2. Two additional courses of first year science lectures in the same subject
area
3. STAT 3083, STAT 3093
4. 6ch chosen from List A
Note: Students who did not take ECON 1013, 1023 in their first year may enter
the program by taking these courses in their second year. They should consult
the Undergraduate Director in Economics for course selections.
Third and Fourth Years(60 ch minimum)
1. ECON 4013, ECON 4023, ECON 3665
2. A minimum of additional 15 ch (advance level) in Economics
3. 21 ch of approved electives (at least 9ch must be advanced level as
defined by the relevant Department)
4. 15ch chosen from List A (at least 6ch must be at advanced level as
defined by the relevant Department).
List A: Biology, Chemistry, Computer Science, Geology (Earth Sciences),
Mathematics, Physics, Statistics.
Honours in Economics
The Honours program is designed mainly for persons who intend to become
professional economists, particularly those who plan to do graduate work in
Economics at UNB or some other universities. The program emphasizes
economic theory, mathematical economics, mathematics and quantitative
research methods
Admission to the Honours Program is restricted to persons who have earned a
grade of B or higher in ECON 1013 and 1023 or MATH 1003 and 1013 or their
equivalences, and have a cumulative grade point average of at least 3.0. To
remain in the Honours program a student must maintain a grade point average
of 3.0 in Economics courses and approved substitutes, with no grade lower
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than C in a required course.
The Honours Program consists of 48ch in Economics courses, 63 ch in other
Science courses (including CS 1003 or CS 1073 ) and 15 ch of electives for a
total of 126 ch. The following courses are compulsory for Honours students:
ECON 1013, ECON 1023, ECON 3013, ECON 3023, ECON 4013, ECON 4023,
ECON 4625, ECON 4665, MATH 1003 or 1053, MATH 1013 or 1063, MATH
2003, MATH 2013, MATH 2213, CS 1003 or 1073, STAT 3083, and STAT 3093.
Course selection should normally conform to the following pattern:
First Year (36 ch minimum)
1. ECON 1013, ECON 1023, CS 1003, or 1073, MATH 1003 or 1053, MATH
1013 or 1063.
2. A total of 20 ch of first year science lecture and labratory courses in two
subject areas of Biology, Chemistry, Geology (Earth Sciences), and
Physics.
Second Year (30 ch minimum)
1. ECON 3013, ECON 3023 and 6 ch electives in Economics
2. Two additional term courses of first year science lectures in the same
subject area.
3. MATH 2003, MATH 2013, STAT 3083, STAT 3093
NOTE: Students who did not take ECON 1013, 1023 in their first year
may enter the program by taking these courses in their second year.
They should consult the Undergraduate Director in Economics for course
selections.
Third and Fourth Years (60 ch minimum)
1.
2.
3.
4.
ECON 4023, ECON 4625, ECON 4665
MATH 2213
A minimum of 18 additional ch (advanced level) in Economics
12 ch chosen from List A (at least 6ch must be at advanced level as
defined by the relevant Department)
5. 15 ch approved electives (at least 6ch must be advanced level as
defined by the relevant Department)
List A: Biology, Chemistry, Computer Science, Geology (Earth Sciences),
Mathematics, Physics, Statistics
Major or Honours in Mathematics/Statistics and Economics
The combination of mathematics, statistics and economics is a natural one as students
will see practical applications of mathematics and statistics in their economics courses
and the rigorous techniques from mathematics will aid students in their problem-solving
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skills. Requirements for a Science degree are listed below.
First Year
First year required courses are listed under the BSc general regulations. MATH 1013 or
1063 must be included. CS 1003 or 1073 , one of ECON 1013 and 1023 or ECON 1001
and 1002 may be taken in first or second year. Recommended elective: STAT 2043 .
Second Year
MATH 2003 , 2013 , 2203 , 2213 , ECON 1013 , 1023 , CS 1003 or 1073 (if not taken in
first year), plus approved electives to bring the course load to a minimum of 30 ch.
Third and Fourth Years
1. MATH 3003 , 3043 , and two courses chosen from MATH 3033 , 3073 , 3213 ,
3243 , 3373 , 3473 , 3803 , 4423 , 4433 or 4853 .
2. STAT 3083 , 3093 , 4443 , and three courses chosen from STAT 3303, 3383 ,
4053 , 4073 or 4303 .
3. ECON 3013 , 3023 , 4013 , 4023 , 4625 , 4665 plus at least 3 additional term
courses in Economics.
4. An additional 9 ch of electives so that the total in third and fourth year is 66 ch.
The minimum total number of credits for the degree is 135 ch.
Recommended electives: MATH 3413 , MATH 3813 , and any of the courses listed
above.
Honours Requirements
Math 3103 and 3113 must be taken and MATH 3003 becomes an elective course.
Honours students must take a total of 33 ch of upper level MATH/STAT courses. The
minimum GPA for an honours degree from the Faculty of Science is 3.0.
Note: Some year-to-year variation in Economics course selection is possible. For
example a student taking ECON 1013 , 1023 in year 1 may wish to take ECON 3013 ,
3023 in year 2.
Major in Geology (Earth Sciences)/Economics
First Year
Students follow the first year Science curriculum. MATH 1003 or 1053 , 1013 or MATH
1063 must be taken. ECON 1001 , 1002 or ECON 1013 , 1023 may be taken in the first
or second year. ESCI 1001 , 1012 must be included; ESCI 1703 is recommended. One
of ESCI 1006 or 1017 must be included; it is recommended that students take both
laboratory courses.
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Second Year
ESCI 2131 , 2142 , 2212 , 2321 , 2703 , STAT 2043 , one of MATH 2003 and 2013 or
1503 and 2513 , plus ECON 1013 , 1023 if not taken in the first year. ECON 3013 and
3023 should be taken in the second year if ECON 1001 , 1002 or ECON 1013 , ECON
1023 were taken in the first year.
Third and Fourth Year
ESCI 3131 , 3322 , 4312 , 4461 , 4472 , 4442 plus a minimum of 1 term course in
Geology (Earth Sciences), ECON 3013 , 3023 , 3665 , 3755 , 3794 , 4013 , 4023 plus
a minimum of 2 term courses in economics, CS 1003 and a minimum of 4 additional
approved term courses.
Minor in Economics
A minor in Economics is available to Science students. It consists of at least 24
ch in Economics with a grade of 2.0 or better. For the minor up to 6 ch in
statistics courses from other Departments may be treated as equivalent to
Economics statistics and therefore counted as an Economics credit. The courses
for the minor must be from a “coherent set of sequence of courses” as called fo
by the general university regulations for a Minor.
Additional Programs: Cooperative Education Program
The Department operates a small Co-operative Education (Co-op) Program available to
academically qualified Honour and Majors in Economics and Majors in Economic Studies. It is coordinated through the Faculty of Business Administration. This Program offers students the
opportunity to undertake paid work-terms, the work to include economic research and analysis
beyond classroom instruction. The Program offered within the Department consists of a minimum
of three (3) four-month work-term sessions which may or may not be taken consecutively
depending on the work-term offer taken. These work-term sessions are in addition to the normal
eight semesters of academic study. The Program allows the student to obtain a Major in Economics
or Economic Studies or Honours in Economics in addition to Co-op participation. Students normally
apply to enter the Co-op program after completing the first year of study, but later admission may
be possible.
The following Program rules apply:
1.
2.
3.
4.
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Admission into the Program is selective. Students must maintain a minimum GPA of 3.0
while participating in the Co-op Program.
Students must successfully complete CS1043 Introduction to Computers before entering
the Co-op Program. Completion of CS2525 Microcomputer Applications is recommended
before entry into the Program.
Students must be fully registered at UNB during each work-term so that they can be
considered as full-time students while working.
A Co-op fee will be charged for each registered 4-month work-term to cover placement
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5.
6.
7.
8.
and administration costs.
Students must undertake a minimum of 3 work-terms. The work-terms may alternate with
study-terms, or the terms may run consecutively over two or three terms, depending on
employer demand.
Each 4-month work term will be monitored directly by the employer, and by the
departmental Co-op Director through oral and written communications with the employer
and student. The student must complete a work-term report after each 4-month term.
Work-term evaluations by the employer and work-term reports must be satisfactory for
the Co-op designation to appear on university transcripts. Each successful work-term will
appear on the student’s transcript.
Students must complete at least one study-term after their last work-term.
The term "Co-operative Education in Economics" will follow the degree designation on the
student’s final transcript.
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