A rock-solid foundation in the basics opens the course. The competitive model is presented early and reinforced by discussion of imperfect markets. A distinctive three-part core for the macroeconomic presentation, emphasizing microfoundations and economic growth. Growth and long-run issues receive early emphasis, with international topics prominent throughout the discussion.
Students work within the aggregate supply and demand framework throughout.
He served as managing editor of the Canadian Journal of Economics for several years and was president of the Canadian Economics Association in 1996-97. He is well-known for his contributions to public sector and welfare economics, which include Public Sector Economics , with D. E. Wildasin, Welfare Economics , with N. Bruce, and Canadian Tax Policy , with H. M. Kitchen, as well as numerous journal articles and monographs. His prize-winning research emphasizes the application of economic theory to important policy issues and has illuminated many Canadian public policy debates ranging from fiscal federalism to reform to redistributive policy. Joseph Stiglitz is internationally recognized as one of the leading economists of his generation. He has made important contributions to virtually all the major subdisciplines of economics.