Econ 2k03 – FINAL EXAM
This final exam will have:
- Short Answer questions
- Longer essay questions
- One Synthetic MUCH larger essay
The much larger essay will:
- Draw material from different parts of the course
- It will ask you to piece everything together
- It looks at the larger issues WITHIN the Canadian economy
- You will have a FIXED amount of space (3) pages
He is looking for creativity when responding to the questions
You may write down answers in point/bullet form
This FINAL will look A LOT like Midterm 1 exam
ECO 2K3 study guide April 2013
The list below provides an indication of what I think were some of the key subjects we
covered in the course. It is meant to give students an idea of what they might expect on the
final exam in terms of question topics. It is neither an exhaustive list nor a list of actual
exam questions. You should anticipate that some questions on the final that explore
subjects related to the topics listed below.
1) The economic history of Canada can be divided into several distinct chronologic
1. European rivalry and first contact with the First Nations to 1763
2. The British's Mercantilist period 1763-1846.
3. The search for new markets and import substitution 1846-1900
4. The Americanization of the Canadian economy 1900-1965
5. The Nationalist period 1965-1987
6. Canada as part of a North American economy 1988-present.
Each of these periods represents a distinct set of economic policies and developments in
the Canadian economy in terms of patterns of trade, investment, regional developments.
You should have a sense of the key characteristics of each of these periods and how they
differ from each other.
2) There were also a number of themes that ran through the course:
1. Impact of European mercantilist policies on Canadian economic development.
2. The different visions of development of the Manchester School and that of Friedrich List
3. Canadian efforts to develop a domestic market to stimulate the economy. 4. How early economic activity shaped the nature of Canadian entrepreneurship.
5. Canadian efforts to open up markets in the US, in the commonwealth and in the reset of
the world for our goods.
6. Interaction between European settlers and the First Nations, the advantages of this
interaction for both sides and the long-term costs to the First Nations peoples.
7. The role of foreign investment in the development of the Canadian economy and its
advantages and disadvantages.
8. Imbalances in our current account and capital account with different trading partners.
9. The US as a reluctant trading partner until the post World War II period.
3) Questions of regional economic advantage were also explored:
1. The different experiences of Ontario and Quebec during their wheat booms and the
transition to alternative economic activity as the wheat frontier moved westward. 2. How Confederation in 1867 and the National Policy in 1879 affected regional economies.
3. The Empire of the St.Lawrence as a vision for Canadian economic development.