Last updated: April 2, 2013 @ 04:01PM
Business Economics
Master of Business Economics
Dean
Thomas Dunk
Faculty of Social Sciences
Dean
Interim Dean Donald A. Cyr
Faculty of Business
Associate Dean, Research and Graduate Studies
Danny Cho
Faculty of Business
Associate Dean, Research and Graduate Studies
Ingrid Makus
Faculty of Social Sciences
Core Faculty
Professors
A. Tansu Barker (Marketing, International Business and Strategy), Danny Cho (Finance, Operations and Information Systems), Dirk De Clercq (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Sheng Deng (Marketing, International Business and Strategy), Robert W. Dimand (Economics), Mohammed H. Dore (Economics), Diane P. Dupont (Economics), Fayez Elayan (Accounting), Philip J. Kitchen (Marketing, International Business and Strategy), Ken Klassen (Finance, Operations and Information Systems), Zisimos Koustas (Economics), Joseph Kushner (Economics), Martin I. Kusy (Finance, Operations and Information Systems), Felice F. Martinello (Economics), Bulent Menguc (Marketing, International Business and Strategy), Teresa Menzies (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Tomson Ogwang (Economics), Steven J. Renzetti (Economics), Raafat R. Roubi (Accounting), Kojo Saffu (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Robert Welch (Finance, Operations and Information Systems), Peter Yannopoulos (Marketing, International Business and Strategy), Lianxi Zhou (Marketing, International Business and Strategy)
Associate Professors
Ian Adamson (Accounting), Michael Armstrong (Finance, Operations and Information Systems), Mohamed Ayadi (Finance, Operations and Information Systems), Anteneh Ayanso (Finance, Operations and Information Systems), Darlene Bay (Accounting), Ernest Biktimirov (Finance, Operations and Information Systems), Carman W. Cullen (Marketing, International Business and Strategy), Louis Culumovic (Accounting), Donald Cyr (Finance, Operations and Information Systems), Maureen Donnelly (Accounting), Paul Dunn (Accounting), Sandra Felton (Accounting), Zhongzhi He (Finance, Operations and Information Systems), Hemantha Herath (Accounting), Mark Julien (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Eugene Kaciak (Finance, Operations and Information Systems), Lester Kwong (Economics), Jean-François Lamarche (Economics), Pascale Lapointe-Antunes (Accounting), Skander Lazrak (Finance, Operations and Information Systems), Jingyu (Jennifer) Li (Accounting), David R.F. Love (Economics), Herbert MacKenzie (Marketing, International Business and Strategy), E. Sharon Mason (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), H. Brian Metcalfe (Marketing, International Business and Strategy), Diane Miller (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Thomas M. Mulligan (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Alex Nikitkov (Accounting), Onem Ozocak (Finance, Operations and Information Systems), Unyong Pyo (Finance, Operations and Information Systems), Barbara Sainty (Accounting), Paul Scarbrough (Accounting), Anamitra Shome (Accounting), Linda Stillabower (Accounting), Narongsak Thongpapanl (Marketing, International Business and Strategy), Samir Trabelsi (Accounting), William Veloce (Economics), Maxim Voronov (Marketing, International Business and Strategy), John Walker (Finance, Operations and Information Systems), Anthony J. Ward (Economics), J. David Whitehead (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Barry Wright (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Reena Yoogalingam (Finance, Operations and Information Systems), Allister Young (Accounting), Deborah M. Zinni (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics)
Assistant Professors
Leslie Berger (Accounting), Walid Ben Omrane (Finance, Operations and Information Systems), Dave Bouckenooghe (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Dipanjan Chatterjee (Finance, Operations and Information Systems), Eric Dolansky (Marketing, International Business and Strategy), Calvin Hayes (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Tejaswini Herath (Finance, Operations and Information Systems), Hasan Imam (Economics), Shibing (Marshall) Jiang (Marketing, International Business and Strategy), Adam Kanar (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Katerina Koka (Economics), Dominic Lim (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Zhefeng (Frank) Liu (Accounting), Antonia Mantonakis (Marketing, International Business and Strategy), James Moore (Accounting), Chang Hoon Oh (Marketing, International Business and Strategy), Parunchana Parchan (Accounting), Usman Raja (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Susan Sproule (Finance, Operations and Information Systems), Ling Sun (Economics), Francine Vachon (Finance, Operations and Information Systems), Kai-Yu Wang (Marketing, International Business and Strategy)
Graduate Program Director
Robert Dimand
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
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
Successful completion of an Honours Bachelor's degree, or equivalent, in a relevant discipline, with a minimum average of B+. Applicants must have taken econometrics, mathematical economics, and advanced macroeconomics and microeconomics 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
Candidates are required to complete ECON 5N11 Mathematics and Statistics Review for Economists, ECON 5P01 Microeconomic Theory, ECON 5P02 Macroeconomic Theory, ECON 5P03 Econometrics, ECON 5P04 Topics in Applied Economics, one additional Economics half-credit, three Business half-credits (chosen from the Business courses listed below), and ECON 5F00 Major Research Paper, together with satisfactory completion of ECON 5N90 Internship Training and Development, ECON 5N01 Internship Placement I and ECON 5N02 Internship Placement II.
The normal pattern of courses is:
August prior to Fall Term: ECON 5N11
Fall Term: ECON 5P01, 5P02, 5P03, 0.5 credit Business
Winter Term: ECON 5P04, 0.5 credit ECON, 1.0 credit Business, ECON 5N90
Spring 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
MSCM 5P01 Research Methodology I
MACC 5P52 E-Commerce
MACC 5P53 Database Design and Management
MACC 5P54 Expert Systems in Business
Any student who has not previously completed an Accounting course (prior to commencing the MBE) must take MBAB 5P01 Accounting for Decision-Making I or MBAB 5P06 Accounting for Decision-Making II as one of her or his Business courses. Any student who has not previously completed a Finance course (prior to commencing the MBE) must take MBAB 5P08 Financial Management among her or his Business courses.
Course Descriptions
Students must check to ensure that prerequisites are met. Students may be deregistered, at the request of the instructor, from any course for which prerequisites and/or restrictions have not been met.
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.
Note: approval of the Graduate Program Director is required.
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.
Prerequisite(s): ECON 5P03
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.
Prerequisite(s): ECON 5P01
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.
Prerequisite(s): ECON 5P01
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.
Prerequisite(s): ECON 5P01
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.
Prerequisite(s): ECON 5P02
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.
Prerequisite(s): ECON 5P01
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.
Prerequisite(s): ECON 5P01