ECON 3705


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If you have previously registered in this online course and wish to register again, please contact us at 453-4646 to complete the registration process.

Course No. and Title:

ECON 3705 Canada and the New Global Economy

Credit Value:

Three (3) credit hours

Course Description:

This course is about positioning Canada for success in the new global economy. Canada has a long and distinguished history of economic accomplishment and prosperity. Its ability to sustain and continue on this track record will depend on how it confronts the challenges and takes advantage of the opportunities related to the new global economy. The new global economy consists of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution.

This course blends economic theory, economic analysis, economic history and public policy in the context of the new economy of the 21st century. The contemporary features of the Canadian economy will be analyzed within the parameters of the new global economy of the 21st century.

Other topics that will be discussed are: our economic heritage, the financial crisis of 2008, Schumpeterian theory, the demographic deficit, the immigration solution, economic governance, the emergence of knowledge based industries, entrepreneurship, innovation, the economics of technological change and the role of public policy in the Information Age. The role of structural change on Canada's economic landscape and economic history will be discussed in considerable detail.

Prerequisite: Any first year economics course or by approval of the instructor.
Course Author:

Professor Constantine Passaris is the course developer and your on line instructor for ECON 3705. His biographical profile can be accessed on the main page of this course by clicking on the "Introducing Dr. Constantine Passaris" tab.

Name: Dr. Constantine E. Passaris
Academic Title: Professor of Economics
Office: Singer Hall, Room 465
Telephone: 506-447-3209
Fax: 506-453-1026

Course Features:

This course will provide you with an exciting and engaging online learning experience. It is designed to simulate the intellectual environment and academic experience that takes place in an academy of higher learning. The principle objective is to enhance the pedagogical efficacy for the dissemination of knowledge and facilitate the process of student/teacher interaction. This course will contribute to individualized education and provide an opportunity for life-long learning.

The mission of the course is to engage students in the excitement of intellectual discovery and the dissemination of knowledge. It will promote an environment that empowers students with specialized knowledge and skills and affords them the opportunity to engage in a dialogue and intellectual debate. It will also provide a platform for the exchange of ideas, exploring new ideas and make a contribution towards advancing the frontiers of knowledge. In short, this course will enhance your human capital, broaden your analytical horizons and provide you with the opportunity to accumulate specialized knowledge.

Course Format:

This course will be held in a virtual classroom with the added benefit of one on one instruction. The format simulates a real classroom and university environment without requiring the physical presence of the student on the campus of the University of New Brunswick This course blends the lecture and seminar format in order to enhance the most effective e-learning experience. Several innovative features are included in the design of this course in order to enhance the quality of distance learning and make it student friendly. In particular it will break down the barriers of the impersonal and self-directed on line courses in favour of a stimulating virtual classroom with direct access and effective communication between the student and the instructor of this course. Students are encouraged to communicate with their instructor through email and ask questions, make comments or promote ideas about Canada and the New Global Economy.

Course Texts:

You are not required to purchase a textbook for this course. The extensive and expansive class lectures will be complemented with reading assignments and documentary material that can be easily accessed at several web sites on the Internet.

Assignments & Examinations:

Course Requirements

Students will be expected to complete two essay type assignments and write a research paper on a topic of their choice which is congruent with the academic mission of the course and has been previously approved by the instructor. Each lecture will conclude by inviting you to test your understanding of a number of important terms and concepts.

You will find the first and second assignments included in the sequence of lectures. The first assignment is listed after lecture six and the second assignment is listed after lecture number ten. As soon as you complete reading the first six lectures proceed and answer the first assignment. Your first essay should be emailed to your instructor at Your instructor will mark your first assignment and will email your grade . When you have read lecture ten you are now ready to answer the second assignment. Again the final draft of your second assignment should be emailed to your instructor at Your instructor will mark your second assignment and will email your grade.

Upon the completion of lecture fourteen email your instructor at with a suggested topic and short outline of your proposed research paper.

Each lecture will conclude by inviting you to self-test your understanding of a number of important terms and concepts.

Activity Value Total
2 Assignments 25% each 50%
1 Research Paper 50% 50%
  Total Marks 100%

Letter Grade Equivalents

A+ 86-100 B- 60-64
A 80-85 C+ 55-59
A- 75-79 C 50-54
B+ 70-74 D 40-49
B 65-69 F 0-39

All mid-term exams and final exams for online courses will be invigilated at an approved time and location. Please refer to the Online Exam Request Form to book. 

Time Limit: 6 months from registration date. All course exams and/or assignments must be completed by the designated end date of your course.

Online courses are subject to an additional $100 non-refundable online fee per course. Fees are subject to change by the Board of Governors.
More information on fees for this course.

Methods of Payment:

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

Apply Now!
If you have previously registered in this online course and wish to register again, please contact us at 453-4646 to complete the registration process.