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At idult centre This fail, for the first time ever. the University at Waterloo will offer a course at the Waterloo Adult Recreation Centre. King St.. S. " will be an economics course. "Under- standing Canada's Econo my." and it Will be given every - Monday evening from 7:0t to 10:00 p.m.. starting Sept. 20 and con- timing until Christmas. Dr. Hotson says the course will be an introduc- tory one. intended for those 'who have never studied economics previously. It will cover the writings of The course will be given by Dr, John Hotson. a pro- lessor of economics at UW and formerly with Econom- ic Council of Canada and with the Federal Reserve System in the United States. He is the author of a new book on inflation. some of the great econo mists of the past (Adam Smith, Ricardo.' Marx. Marshall. John Maynard Keynes! and will also deal with current economic problems (inflation. reces- sion) and the views of con- temporary economists. "It should have a good deal of appeal at this par- ticular time." comments Dr. Robert Kerton. chain man of the department of economics. - “Certainly our economic problems are among the most worrisome today, We're all concerned about inflation and we all have our views about the federal government's program to combat it. including the MB. Those who take the course will have a much better understanding of inflation. of the methods open to governments to deal with inflation. of busi- ness recession. of tmem- ployment. and so on." He notes. Incidentally: that most economists have been critical _pf the MB program. One of their wor- ries IS that it will make the economy so rigid that It will fail to respond to changing needs _ "You uon't get the re- sources moving from low productivity to high pro- ductwnty uses." IS the way the economists put it That objection does not deal very directly with the dis- tribution of mi‘ome which Is what the real battle IS THE TREASURE TROVE Hours 10-5230 Tues. - Sat. Tea Cozies 16 Union St E Waterloo M!rti773 offers economics con all about. However if con- trol is too rigid we may wind up with over-supplies of goods and services we doit need or want. and shortages of those we do. son. "But they will under- stand them better. Of course, there is a wide divergence of opinion even among economic experts as to the best way of spiv- ing the inflation problem. “Now our students are not going to come up with a patent answer to all these problems," says Dr. Hot- You have John Kenneth Galbraith and his support- ers favoring controls. And you have Milton Freedman and other -monetarists" arguing that if we just run the money supply properly' everything will be fine: in other words their solution to the inflation problem consists of somehow get- ting the supply of money back into line. "But of course this may cause another economic protriem--unemployntrt.t-r which has very definite political implications. And furthermore. "tight money' has some inflationary ef- fects on the supply side the monetarists ignore. .. SAVE 10%- 20% .119 national debt, and so forth. He'll be “towns Archer on people understand our so- ciety better. the course may have some practical bene- fits as well, Dr. Kerton suggests. in that it should help people think more Jari;; Robert L. Heil- broner. about the leading economic theorists. In addition to helping rationally about what is involved in a decision to make a purchase, and to go about the business of mak- ing everyday decisions. . Dr. Kerton thinks that it is regrettable that women make up only about. 10 per cent of dents. "There would seem to be some really good career opportunities for women with backgrounds in econ- omics," he says. "Certain- 1y too, some of the best known women in Canada have such backgrounds-. people like Sylvia Ostry of Statistics Canada. Beryl Plumptree of the MB and CBC broadcaster Diane Cohen. One course will pot all economics stu- by Maurice fli); make gnyone. male or fe- male. an economist but it should be a convenient way to find out-what eco. nomics is all about and to pick up a better under- standing of our society ip thebargain." ,He gays he sees the course as one part of T" and not just the 18-22 year olds. So seriouSly does the department of economics take the project tt has as- signed one of its full pro- fessors to give the course. Dr. Hotson also has a con- siderable reputation among students as an outstanding teacher. -e response to __ suggestions that universities should serve the entire community More information about the course is available from UW or from the Adult Recreation Centre. Cost of the course is $60: this fee is waived for per- sons 60 years of age or old- er. Anyone not wishing to enrol may attend the course as a series of free public lectures. in any event. EEE WW Cttremete,AtlNttttFtt. S-tttnr 15, 1978 - P. 3 John Hotson. a professor of economics at Univer- ' sity of Waterloo. will teach an scongmics course this autumn at the Adult Recreation Came. ’ Waterloo, Square MT LII cal-ham M ALL WIDE LEG JEANS $1499 Reg. to $24.98 Now only