SENATE ? 

From 

New Graduate Courses -Economics 

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Date 

811-5 and 900-0 

Executive Committee, Senate 

Committee on Graduate Studies 

December 23, 1970. 

I.

Economics 811-5 - Advanced Monetary Theor 

The Department of Economics & Commerce, in order to achieve a principle 

outlined below, recommended certain changes in course numbering and 

addition of a new course, with references being made to Economics 810-5, 

812-5 and 814-5. At a later stage in review by various committees, the 

same principle was achieved without renumbering of other courses but 

merely with introduction of one new course, Economics 811-5. 

The Executive Committee of the Senate Committee on Graduate Studies 

approved the course, Economics 811-5 - Advanced Monetary Theory - in 

consultation with the Chairman of the Economics & Commerce Department to 

achieve the principles desired, and recommends the course to Senate for 

approval. 

The Department of Economics & Commerce provided the following statement:- 

Although the Department of Economics and Commerce offers a 

Ph.D. field in Monetary Economics, there is at present only 

one course (Economics 810-5) which serves to prepare a 

student for the comprehensive examination in that field. 

Students planning to take the comprehensive examination in 

Monetary Economics find they must, in effect, do a "reading 

course", in addition to Economics 810, in order to be 

adequately prepared. It is usual, at this and at other 

North American Universities, to offer at least two courses, 

one semester in length, for each Ph.D. field. 

Some idea of the extent of preparation necessary to prepare 

a Ph.D. field in Monetary Economics, and therefore of the 

necessity for at least two graduate Monetary courses, can be 

obtained by perusal of the attached reading list. 

This proposal would not change Department staff requirements. 

II.

Economics 900-0 - Economics Research Works 

The Faculty of Arts and the Executive Committee of the Senate Committee on 

Graduate Studies approved the course, Economics 900-0 - Economics Research 

Workshop - and recommends the course to Senate for approval. 

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HME:jb 

—CC1Un ? 

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Z.

Spindler, Chairman 

.

Dr. N. Lincoln ? 

Graduate Academic 

Program 

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Economics & . 

.............. Gradma 

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Dale ............... .yember2..1...0 

The Department of Economics and Commerce — Graduate Studies Committee has 

reviewed the calendar entry of the Graduate Program in Economics and would like 

to recommend 

the

addition of: 

Economics 900-0 — Economics Research Workshop 

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Calendar Description: 

Methodological approaches to research: the selection, planning and 

conduct of research. The critical evaluation of research reports 

students, staff, and invited speakers. Students writing extended 

essays, theses or dissertations and enrolled in Economics 898 or 899 

encouraged to participate in this workshop. 

Rationale: ? 

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Since we currently have a number of graduate students who are 

in

the research stage of their programs, it i appropriate to consider 

a more formal format for the direction of their research which would 

make available to the Department 

the

results of such research. The 

relevant format may be that of a non-credit course which is actually 

a research worksh 

op

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Such workshops have proved to be extremely useful at other uni- 

versities. In fact, this last summer, the Department of Economics 

and Commerce ran a workshop in Economic Development on an experimental 

basis under the direction of Professor L. Currie. The experience was 

entirely favorable. 

This course would be offered regularly each year (during Summer 

initially). It would.be 

directed by one or more senior professors 

research ability is well established. 

Department staff requirements would not 

increased by the addition of this course. Staff utilization may 

change slightly. 

The Department Graduate Studies Committee will be meeting again Friday, 

November 6, to consider one further revision to the Calendar. If approved, 

be forwarded to you immediately. 

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ZS/cmt 