2007-2008 Graduate Calendar

Business Economics  
Master of Business Economics Go to top of document
Dean David Siegel Faculty of Social Sciences Associate Dean Dorothy Griffiths Faculty of Social Sciences Dean Martin Kusy Faculty of Business Associate Dean, Graduate Studies Donald Cyr Faculty of Business Graduate Faculty Professors A Tansu Barker (Marketing, International Business and Strategy), Sheng Deng (Marketing, International Business and Strategy), Robert W. Dimand (Economics), Mohammed H. Dore (Economics), Diane P. Dupont (Economics), Zisimos Koustas (Economics), Joseph Kushner (Economics), Felice F. Martinello (Economics), Tomson Ogwang (Economics), Steven J. Renzetti (Economics), Lewis A. Soroka (Economics), Robert Welch (Finance, Operations and Information Systems) Associate Professors Mohamed Ayadi (Finance, Operations and Information Systems),Danny Cho (Finance, Operations and Information Systems), Donald Cyr (Finance, Operations and Information Systems), Maureen Donnelly (Accounting), Eugene Kaciak (Finance, Operations and Information Systems), David R.F. Love (Economics), Patricia M. Myers (Accounting), Barbara Sainty (Accounting), William Veloce (Economics), John Walker (Finance, Operations and Information Systems), Anthony J. Ward (Economics) Assistant Professors Zhongzhi He (Finance, Operations and Information Systems), Hasan Imam (Economics), René Kirkegaard (Economics), Lester Kwong (Economics), Jean-François Lamarche (Economics), Skander Lazrak (Finance, Operations and Information Systems), Onem Ozocak (Finance, Operations and Information Systems), Unyong Pyo (Finance, Operations and Information Systems), Xiaoting Wang (Economics) Graduate Program Director Zisimos Koustas mbegpd@brocku.ca Director Co-op Programs Cindy Dunne Administrative Assistant Karen Phillips 905-688-5550 extension 4697 Plaza 427 http://www.brocku.ca/economics  
Program Description Go to top of document
The Master of Business Economics is an interdisciplinary program offered by the Department of Economics in conjunction with the Faculty of Business. The Master's program includes three academic terms on campus and two Co-op internship terms of practical work experience. The program takes twenty months to complete, including the two Co-op placements. The residency requirement is three terms on campus.  
Admission Requirements Go to top of document
Successful completion of an Honours Bachelor's degree, or equivalent, in a relevant discipline, with a minimum overall average of B+. Applicants must have econometrics and mathematical economics background at the undergraduate honours level. Applicants must demonstrate proficiency in English and suitability for Co-op placement. The Graduate Admissions Committee will review all applications and recommend admission for a limited number of suitable candidates. Part-time study is not available.  
Degree Requirements Go to top of document
Candidates are required to complete ECON 5P01 Microeconomic Theory, ECON 5P02 Macroeconomic Theory, ECON 5P03 Econometrics, ECON 5P04 Topics in Applied Economics, one additional Economics half-course, three Business courses (chosen from the Business courses listed below), and ECON 5F00 Research Essay, together with satisfactory completion of ECON 5N90 Internship Training and Development and ECON 5N01 Internship Placement I and ECON 5N02 Internship Placement II. Incoming students will take ECON 5N11Mathematics and Statistics Review for Economists in August before the start of Fall Term classes. The normal pattern of courses is: Fall Term: ECON 5P01, 5P02, 5P03, 0.5 credit Business, ECON 5N90 Winter Term: ECON 5P04, 0.5 credit ECON, 1 credit Business Spring/Summer Term: Internship Placement I Fall Term: Internship Placement II Winter Term: ECON 5F00 Research Essay The Business courses are to be selected from among the following, a selection of which will be offered each year (see MBA Program for course descriptions): MBAB 5P01 Accounting for Decision-Making I MBAB 5P05 Marketing Management MBAB 5P06 Accounting for Decision-Making II MBAB 5P07 Operations Management MBAB 5P08 Financial Management MBAB 5P20 Applied Business Research MBAB 5P22 Global Business MBAB 5P24 Business Law MBAB 5P41 Financial Statement Analysis MBAB 5P42 Equity Investments, Markets, and Instruments MBAB 5P43 Debt Investments MBAB 5P44 Derivative Instruments MBAB 5P45 International Finance MBAB 5P46 Portfolio Management and Alternative Investments Any student who has not previously completed an Accounting course must take MBAB 5P01 Accounting for Decision-Making I as one of her or his Business courses. Any student who has not previously completed a Finance course must take at least one Finance course among her or his Business courses.  
Course Descriptions Go to top of document
Note: Not all courses are offered in every session. Students must consult with the Graduate Program Director regarding course offerings and course selection and must have their course selections approved by the Graduate Program Director each term. Refer to the Timetable for scheduling information: http://www.brocku.ca/registrar/guides/grad/timetable/terms.php ECON 5F00 Research Essay Reading and research under the supervision of a faculty member from Economics or Business. A presentation of the research in progress will be scheduled by the Graduate Program Director in consultation with the Essay supervisor. ECON 5N01 Internship Placement I Internship work placement (4 months) with an approved employer. ECON 5N02 Internship Placement II Internship work placement (4 months) with an approved employer. ECON 5N04 Internship Placement III Internship work placement (4 months) with an approved employer. ECON 5N11 Mathematics and Statistics Review for Economists This course will review sets and functions, matrix algebra, constrained and unconstrained optimization, and probability theory. This is a non-credit course and is required for all students. ECON 5N90 Internship Training and Development Framework for the development of learning objectives by students for individual work terms. Includes orientation to the internship experience, goal setting, résumé preparation, interview skills preparation. ECON 5P01 Microeconomic Theory The economic theory of individual and business decision making with emphasis on market structure and business strategy. Topics include consumer theory, the theory of the firm, imperfect competition, game theory, as well as the economics of information and uncertainty. ECON 5P02 Macroeconomic Theory Modern macroeconomic analysis is used to study the determination of the level of economic activity and the factors contributing to long-term growth. Important social issues such as unemployment and inflation are examined in order to identify their causes, consequences, and possible cures. The instruments of government policy, fiscal and monetary, are analyzed in the same context. ECON 5P03 Econometrics Econometric theory and methods covering the basic linear and nonlinear regression models, dynamic models, hypothesis testing, confidence intervals with extensions to the case of instrumental variables, the generalized method of moments and the method of maximum likelihood. Cross-section and time-series examples. ECON 5P04 Topics in Applied Economics An examination of economic theories and empirical techniques to investigate applied problems relevant to the area of business economics. Topics include time-series and cross-section econometrics, with application to forecasting, financial, and marketing problems. ECON 5P05 Cost-Benefit Analysis, Project Appraisal, and Decision Analysis A theoretical and empirical treatment of rational decision making, including cost-benefit and cost-effectiveness analysis, and their application to project evaluation. ECON 5P06 Labour Economics Economics of the labour market, components of the demand and supply of labour to yield simple models of wage determination. The effects of compensating wage differentials, human capital accumulation and signaling, discrimination, incentive wages and labour unions. The causes of unemployment, search theory, implicit contract and efficiency wages. Public policy issues, minimum wages, mandatory retirement and immigration. ECON 5P07 International Trade International trade theory and the political economy of trade policies. Topics include endogenous growth and trade, tariff and non-tariff barriers to trade, international economic integration, and factor mobility. ECON 5P08 International Payments An advanced treatment of open-economy macroeconomic issues including international capital, goods, and services flows. Such flows complicate the conduct of national monetary and fiscal policies while, at the same time, providing opportunities for economic growth. ECON 5P09 Industrial Organization Strategic analysis of conflict and cooperation with applications to market structure and the behaviour of firms. Topics may include price discrimination, advertising, oligopoly, product differentiation, and antitrust issues. ECON 5P10 Environmental and Natural Resource Economics A rigorous coverage of the economic analysis of natural resources such as oil, fisheries, forests, and water and environmental impact upon an economy. Emphasis is placed on the development of theoretical models for the efficient and sustainable use of resources and on the design of appropriate government policies in the event of market failure. The analysis is complemented by an examination of specific real-world cases and government policies.  
Last updated: January 22, 2008 @ 12:16PM