Department of Economics
(Faculty of Public and Global Affairs)
Economics (ECON) Courses
ECON 0005 [0.5 credit]
Preparatory Mathematics for Economics
Review of elementary mathematics in preparation for undergraduate economics curriculum. Topics covered include manipulation of algebraic expressions, solving equations, working with inequalities, functions, and graphical visualization of magnitudes and relationships. Students will engage in problem-solving exercises in the context of basic economic applications.
Preparatory Mathematics for Economics
Review of elementary mathematics in preparation for undergraduate economics curriculum. Topics covered include manipulation of algebraic expressions, solving equations, working with inequalities, functions, and graphical visualization of magnitudes and relationships. Students will engage in problem-solving exercises in the context of basic economic applications.
Precludes additional credit for Not recommended for students who have successfully completed: Grade 12 Mathematics - Advanced Functions, or an equivalent High School functions course, or an equivalent university-level course, such as MATH 0005.
Prerequisite(s): Grade 11 Functions (University/College Preparation), or equivalent. Restricted to B.Econ students or permission of the Department.
Lectures three hours a week, tutorial one hour a week.
Prerequisite(s): Grade 11 Functions (University/College Preparation), or equivalent. Restricted to B.Econ students or permission of the Department.
Lectures three hours a week, tutorial one hour a week.
ECON 1000 [1.0 credit]
Introduction to Economics
An introduction to the major tools and policy problems of economics. Economic analysis is applied to a variety of contemporary problems such as pollution, poverty, the control of monopoly, unemployment, inflation, and international economic problems.
Introduction to Economics
An introduction to the major tools and policy problems of economics. Economic analysis is applied to a variety of contemporary problems such as pollution, poverty, the control of monopoly, unemployment, inflation, and international economic problems.
Precludes additional credit for ECON 1001, ECON 1002, and FYSM 1003.
Lectures three hours a week, discussion groups one hour a week.
Lectures three hours a week, discussion groups one hour a week.
ECON 1001 [0.5 credit]
Introduction to Microeconomics
An introduction to the major tools and policy problems of microeconomics. Economic analysis is applied to a variety of contemporary issues such as taxation, pollution, wage determination, poverty, market power, and international trade.
Introduction to Microeconomics
An introduction to the major tools and policy problems of microeconomics. Economic analysis is applied to a variety of contemporary issues such as taxation, pollution, wage determination, poverty, market power, and international trade.
Precludes additional credit for FYSM 1003.
Lectures three hours a week, discussion groups one hour a week.
Lectures three hours a week, discussion groups one hour a week.
ECON 1002 [0.5 credit]
Introduction to Macroeconomics
An introduction to the major tools and policy problems of macroeconomics. Economic analysis is applied to a variety of contemporary problems such as: saving, investment and interest rates; unemployment; money and inflation; exchange rates; fiscal and monetary policy.
Introduction to Macroeconomics
An introduction to the major tools and policy problems of macroeconomics. Economic analysis is applied to a variety of contemporary problems such as: saving, investment and interest rates; unemployment; money and inflation; exchange rates; fiscal and monetary policy.
Precludes additional credit for FYSM 1003.
Lectures three hours a week, discussion groups one hour a week.
Lectures three hours a week, discussion groups one hour a week.
ECON 1401 [0.5 credit]
Elementary Mathematics for Economics I
Elementary mathematical tools required for economic analysis: Topics include linear and non-linear functions (cost, revenue, profit, demand and supply), matrices, and mathematics of finance and growth, graphing economic magnitudes, applied algebra, solving systems of linear equations. In class participation in solving practice problems is emphasized.
Elementary Mathematics for Economics I
Elementary mathematical tools required for economic analysis: Topics include linear and non-linear functions (cost, revenue, profit, demand and supply), matrices, and mathematics of finance and growth, graphing economic magnitudes, applied algebra, solving systems of linear equations. In class participation in solving practice problems is emphasized.
Precludes additional credit for BIT 1000, BIT 1001, BIT 1100, BIT 1101, BIT 1200, BIT 1201, MATH 1007, MATH 1009, MATH 1104, MATH 1107, MATH 1119, MATH 1052, MATH 1152, MATH 1401.
Prerequisite(s): Ontario Grade-12 U Advanced Functions, or ECON 0005 with a minimum grade of C- or higher, or MATH 0005 with a minimum grade of C- or higher, or equivalent; and ECON 1001 or FYSM 1003, which may be taken concurrently with ECON 1401.
Lectures three hours a week, tutorials one hour a week.
Prerequisite(s): Ontario Grade-12 U Advanced Functions, or ECON 0005 with a minimum grade of C- or higher, or MATH 0005 with a minimum grade of C- or higher, or equivalent; and ECON 1001 or FYSM 1003, which may be taken concurrently with ECON 1401.
Lectures three hours a week, tutorials one hour a week.
ECON 1402 [0.5 credit]
Elementary Mathematics for Economics II
Elementary methods of calculus for economic analysis: Topics include derivatives of univariate functions, partial derivatives of multivariate functions, concavity and convexity, elasticity, and optimization (profit and utility maximization and cost minimization subject to a budget constraint). In class participation in solving practice problems is emphasized.
Elementary Mathematics for Economics II
Elementary methods of calculus for economic analysis: Topics include derivatives of univariate functions, partial derivatives of multivariate functions, concavity and convexity, elasticity, and optimization (profit and utility maximization and cost minimization subject to a budget constraint). In class participation in solving practice problems is emphasized.
Precludes additional credit for BIT 1000, BIT 1001, BIT 1100, BIT 1101, BIT 1201, BIT 1200, MATH 1007, MATH 1104, MATH 1107, MATH 1119, MATH 1052, MATH 1152, MATH 1402.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher, and ECON 1401 or MATH 1401 with a grade of C- or higher.
Lectures three hours a week, tutorials one hour a week.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher, and ECON 1401 or MATH 1401 with a grade of C- or higher.
Lectures three hours a week, tutorials one hour a week.
ECON 2001 [0.5 credit]
Intermediate Microeconomics for Non-Mathematical Majors
The main topics in microeconomic theory presented in a relatively non-technical manner (e.g., without requiring the knowledge of calculus) with illustrations of their applications. Not open to students in any Economics, B.Com., B.C.S., B.Eng., B.I.D., B.I.T., B.I.B., B.Math., or B.Sc. program.
Intermediate Microeconomics for Non-Mathematical Majors
The main topics in microeconomic theory presented in a relatively non-technical manner (e.g., without requiring the knowledge of calculus) with illustrations of their applications. Not open to students in any Economics, B.Com., B.C.S., B.Eng., B.I.D., B.I.T., B.I.B., B.Math., or B.Sc. program.
Precludes additional credit for ECON 2009, ECON 2020, and ECON 3020.
Prerequisite(s): ECON 1001 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1001 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
ECON 2009 [0.5 credit]
Managerial Economics
An economic analysis of managerial decision-making. Elements of production and cost; price and output determination under perfectly and imperfectly competitive market structures; the role of information; topics in business strategy; and the impact of government intervention.
Managerial Economics
An economic analysis of managerial decision-making. Elements of production and cost; price and output determination under perfectly and imperfectly competitive market structures; the role of information; topics in business strategy; and the impact of government intervention.
Precludes additional credit for ECON 2001 and ECON 2020. Not open to students in any Bachelor of Economics program.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; MATH 1009 (or equivalent) with a grade of C- or higher.
Lectures three hours a week, tutorials one and half hours a week.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; MATH 1009 (or equivalent) with a grade of C- or higher.
Lectures three hours a week, tutorials one and half hours a week.
ECON 2020 [0.5 credit]
Intermediate Microeconomics I: Producers and Market Structure
Theory of the firm: elements of production and cost; input allocation, pricing, and firm behaviour under perfectly and imperfectly competitive market structures; the role of information; game theory and public policy, including basic competition policy.
Intermediate Microeconomics I: Producers and Market Structure
Theory of the firm: elements of production and cost; input allocation, pricing, and firm behaviour under perfectly and imperfectly competitive market structures; the role of information; game theory and public policy, including basic competition policy.
Precludes additional credit for ECON 2001 and ECON 2009.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; ECON 1401(with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair with a grade of C- or higher in each). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; ECON 1401(with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair with a grade of C- or higher in each). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2101 [0.5 credit]
Intermediate Macroeconomics for Non-Mathematical Majors
The main topics in macroeconomic theory presented in a relatively non-technical manner (e.g., without requiring the knowledge of calculus) with illustrations of their application. Not open to students in any Economics, B.Com., B.C.S., B.Eng., B.I.D., B.I.T., B.Math., or B.Sc. program.
Intermediate Macroeconomics for Non-Mathematical Majors
The main topics in macroeconomic theory presented in a relatively non-technical manner (e.g., without requiring the knowledge of calculus) with illustrations of their application. Not open to students in any Economics, B.Com., B.C.S., B.Eng., B.I.D., B.I.T., B.Math., or B.Sc. program.
Precludes additional credit for ECON 2102, ECON 2103 (no longer offered), ECON 3102.
Prerequisite(s): ECON 1002 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1002 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
ECON 2102 [0.5 credit]
Intermediate Macroeconomics I
An introduction to the macroeconomic modeling of output in the short and long run, and to fixed-price models of the closed and open economy over the business cycle. Policy prescriptions in relation to the business cycle are analysed.
Intermediate Macroeconomics I
An introduction to the macroeconomic modeling of output in the short and long run, and to fixed-price models of the closed and open economy over the business cycle. Policy prescriptions in relation to the business cycle are analysed.
Precludes additional credit for ECON 2101.
Prerequisite(s): ECON 1002 or FYSM 1003 with a grade of C- or higher; ECON 1401 (with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1002 or FYSM 1003 with a grade of C- or higher; ECON 1401 (with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2210 [0.5 credit]
Introductory Statistics for Economics
Basic statistical methods for the study of economics. Topics include descriptive statistics, elementary probability theory, sampling distributions, estimation and hypothesis testing for one and two population parameters.
Introductory Statistics for Economics
Basic statistical methods for the study of economics. Topics include descriptive statistics, elementary probability theory, sampling distributions, estimation and hypothesis testing for one and two population parameters.
Precludes additional credit for BIT 2000, BIT 2009, DATA 1517, ENST 2006, GEOG 2006, STAT 2507, STAT 2601, STAT 2606, and STAT 3502.
Prerequisite(s): ECON 1401 (with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1401 (with a grade of C- or higher) and ECON 1402, (or equivalent department-approved MATH course pair). May be taken concurrently with ECON 1402.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2708 [0.5 credit]
Applied Data Analysis
An introduction to concepts and tools for using various forms of data to study applied economic problems. Topics may include identifying relevant datasets, collecting and cleaning both research-ready and user-assembled data sets, data visualization, and summary statistics.
Applied Data Analysis
An introduction to concepts and tools for using various forms of data to study applied economic problems. Topics may include identifying relevant datasets, collecting and cleaning both research-ready and user-assembled data sets, data visualization, and summary statistics.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 1401 and ECON 1402, with a grade of C- or higher (or an equivalent department-approved MATH course pair with a grade of C- or higher in each); and ECON 2210 (or equivalent), with a grade of C+ or higher.
Lectures three hours a week, tutorial 1.5 hours a week.
Prerequisite(s): ECON 1401 and ECON 1402, with a grade of C- or higher (or an equivalent department-approved MATH course pair with a grade of C- or higher in each); and ECON 2210 (or equivalent), with a grade of C+ or higher.
Lectures three hours a week, tutorial 1.5 hours a week.
ECON 2900 [0.5 credit]
Professional Practice of Economics
Development of skills used by professional economists, including writing professional documents such as policy briefs and memos, data visualization, communication of economic ideas in non-technical terms, presentation skills, and team-based problem solving.
Professional Practice of Economics
Development of skills used by professional economists, including writing professional documents such as policy briefs and memos, data visualization, communication of economic ideas in non-technical terms, presentation skills, and team-based problem solving.
Includes: Experiential Learning Activity
Precludes additional credit for ECON 3920 (no longer offered).
Prerequisite(s): ECON 1001 and ECON 1002 or FYSM 1003 with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher in each, (or equivalent department approved MATH course pair with a grade of C- or higher in each), and ECON 2210 (or equivalent) with a grade of C- or higher.
Seminars three hours a week.
Precludes additional credit for ECON 3920 (no longer offered).
Prerequisite(s): ECON 1001 and ECON 1002 or FYSM 1003 with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher in each, (or equivalent department approved MATH course pair with a grade of C- or higher in each), and ECON 2210 (or equivalent) with a grade of C- or higher.
Seminars three hours a week.
ECON 3001 [0.5 credit]
Mathematical Methods of Economics
Constrained optimization via Lagrange and Kuhn-Tucker conditions; implicit functions and implicit differentiation; comparative static methods applied to models such as utility maximization and least-cost production; homogeneous functions; concave and convex functions; compounding and exponential functions; economic models involving integration; differential equations.
Mathematical Methods of Economics
Constrained optimization via Lagrange and Kuhn-Tucker conditions; implicit functions and implicit differentiation; comparative static methods applied to models such as utility maximization and least-cost production; homogeneous functions; concave and convex functions; compounding and exponential functions; economic models involving integration; differential equations.
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; and ECON 1401 and ECON 1402 with a grade of C- or higher in each, (or an equivalent department-approved MATH course pair with a grade of C- or higher in each); and a combined grade point average in ECON 1401 and ECON 1402 of 6.50 or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3020 [0.5 credit]
Intermediate Microeconomics II: Consumers and General Equilibrium
Theory of consumer choice and demand; applications to intertemporal choice, labour supply, and/or choice under uncertainty; welfare analysis; general equilibrium theory; externalities and the role of government.
Intermediate Microeconomics II: Consumers and General Equilibrium
Theory of consumer choice and demand; applications to intertemporal choice, labour supply, and/or choice under uncertainty; welfare analysis; general equilibrium theory; externalities and the role of government.
Precludes additional credit for ECON 2001 and ECON 2030 (no longer offered).
Prerequisite(s): ECON 2020 with a grade of C- or higher or ECON 2009 with a grade of C+ or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher, (or equivalent department-approved MATH course pair with a grade of C- or higher in each).
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 2020 with a grade of C- or higher or ECON 2009 with a grade of C+ or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher, (or equivalent department-approved MATH course pair with a grade of C- or higher in each).
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3050 [0.5 credit]
Introduction to Financial Economics
Major theories underlying financial economics: arbitrage, market efficiency, Fisher’s separation theorem. Topics include: impact of cyclical fluctuations on consumption, investment, and financial decisions of consumers/firms, monetary policy and interest rate determination, loans for durables, mortgage loans, bond/stock valuation, investment-decision criteria, risk-return trade-offs, cost-of-capital analysis.
Introduction to Financial Economics
Major theories underlying financial economics: arbitrage, market efficiency, Fisher’s separation theorem. Topics include: impact of cyclical fluctuations on consumption, investment, and financial decisions of consumers/firms, monetary policy and interest rate determination, loans for durables, mortgage loans, bond/stock valuation, investment-decision criteria, risk-return trade-offs, cost-of-capital analysis.
Prerequisite(s): ECON 1001 and ECON 1002 each with a grade of C- or higher, or FYSM 1003 with a grade of C- or higher, ECON 1401 and ECON 1402, (or equivalent department-approved MATH course pair with a grade of C- or higher in each), and one of (BUSI 1001, BUSI 1002, BUSI 1003, or BUSI 1005) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 3102 [0.5 credit]
Intermediate Macroeconomics II
An extension of macroeconomic modeling to the dynamics of wage-price adjustment in the intermediate and long run, to the theoretical foundations of basic macroeconomic relationships, and to contemporary policy issues arising in relation to the business cycle and long-run growth.
Intermediate Macroeconomics II
An extension of macroeconomic modeling to the dynamics of wage-price adjustment in the intermediate and long run, to the theoretical foundations of basic macroeconomic relationships, and to contemporary policy issues arising in relation to the business cycle and long-run growth.
Precludes additional credit for ECON 2101, ECON 2103 (no longer offered).
Prerequisite(s): ECON 2102 with a grade of C- or higher, ECON 1001 with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher, (or equivalent department-approved MATH course pair with a grade of C- or higher in each).
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 2102 with a grade of C- or higher, ECON 1001 with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher, (or equivalent department-approved MATH course pair with a grade of C- or higher in each).
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3201 [0.5 credit]
Economic Thought and Policy in Canada
An account of the interrelationship between economic theories expounded in Canada and their issue in national policy.
Economic Thought and Policy in Canada
An account of the interrelationship between economic theories expounded in Canada and their issue in national policy.
Prerequisite(s): an introductory course in one of the social sciences or Canadian history.
Lectures three hours a week.
Lectures three hours a week.
ECON 3210 [0.5 credit]
Introductory Econometrics
Topics include correlation, simple and multiple linear regression, and an introduction to statistical computing using an econometrics package. Emphasis on understanding appropriate methods and their properties, as distinct from their formal theoretical development. Empirical applications.
Introductory Econometrics
Topics include correlation, simple and multiple linear regression, and an introduction to statistical computing using an econometrics package. Emphasis on understanding appropriate methods and their properties, as distinct from their formal theoretical development. Empirical applications.
Precludes additional credit for STAT 2509, STAT 2607, ECON 2220 (no longer offered).
Prerequisite(s): ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher (or an equivalent department approved MATH course pair with a grade of C- or higher in each), or permission of the Department.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 1401 and ECON 1402 with a grade of C- or higher (or an equivalent department approved MATH course pair with a grade of C- or higher in each), or permission of the Department.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3220 [0.5 credit]
Canadian Economic History
A survey of Canadian economic history from the sixteenth century to the present.
Canadian Economic History
A survey of Canadian economic history from the sixteenth century to the present.
Also listed as HIST 3220.
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003.
Lectures three hours a week.
ECON 3230 [0.5 credit]
Selected Topics in Economic History
An examination of the economic development of North America or Europe or other possible selected sets of countries. Countries examined vary from year to year.
Selected Topics in Economic History
An examination of the economic development of North America or Europe or other possible selected sets of countries. Countries examined vary from year to year.
Also listed as HIST 3230.
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003, or permission of the Department.
Lectures three hours a week.
ECON 3300 [0.5 credit]
Public Policy Toward Business
The interaction of government and business in the Canadian economy. Reasons for government involvement in selected public policy areas. Topics covered may include competition policy, regulation of firms by boards and commissions, environmental regulation, and public enterprise.
Public Policy Toward Business
The interaction of government and business in the Canadian economy. Reasons for government involvement in selected public policy areas. Topics covered may include competition policy, regulation of firms by boards and commissions, environmental regulation, and public enterprise.
ECON 3360 [0.5 credit]
Introduction to Labour Economics
Basic principles of labour economics including market, institutional, and sociological forces. Technology and labour demand, wage systems, human capital, internal wage structure, market discrimination, female labour-force entry, wage-price spiral, household labour supply, and wage determination.
Introduction to Labour Economics
Basic principles of labour economics including market, institutional, and sociological forces. Technology and labour demand, wage systems, human capital, internal wage structure, market discrimination, female labour-force entry, wage-price spiral, household labour supply, and wage determination.
ECON 3370 [0.5 credit]
The Economics of Migration
An introduction to the economic aspects of migration. Topics include, among others: the economics of migration within countries; the economics of host country integration of immigrants; the impact of immigration on outcomes in the host country; the impacts of emigration on the home country.
The Economics of Migration
An introduction to the economic aspects of migration. Topics include, among others: the economics of migration within countries; the economics of host country integration of immigrants; the impact of immigration on outcomes in the host country; the impacts of emigration on the home country.
ECON 3380 [0.5 credit]
The Economics of Gender and Ethnicity
The impact of gender and ethnicity on labour-market outcomes. Topics may include: employment, work, earnings, and poverty; discrimination and policy responses; immigration; the economics of the household; gender and development; micro-credit; labour standards.
The Economics of Gender and Ethnicity
The impact of gender and ethnicity on labour-market outcomes. Topics may include: employment, work, earnings, and poverty; discrimination and policy responses; immigration; the economics of the household; gender and development; micro-credit; labour standards.
ECON 3400 [0.5 credit]
History of Economic Thought
The development of economic ideas from ancient times to the modern era. The course will explore contributions of key economic thinkers and examine the evolution of concepts, such as, value, markets, and the role of government in shaping economic policy.
History of Economic Thought
The development of economic ideas from ancient times to the modern era. The course will explore contributions of key economic thinkers and examine the evolution of concepts, such as, value, markets, and the role of government in shaping economic policy.
ECON 3403 [0.5 credit]
Introduction to Public Economics: Expenditures
The role and nature of the government sector in the economy, the theory of public goods, the equity and efficiency effects of public expenditures, voting rules and fiscal politics, techniques of public expenditure analysis, and intergovernmental fiscal relations.
Introduction to Public Economics: Expenditures
The role and nature of the government sector in the economy, the theory of public goods, the equity and efficiency effects of public expenditures, voting rules and fiscal politics, techniques of public expenditure analysis, and intergovernmental fiscal relations.
ECON 3405 [0.5 credit]
Introduction to Public Economics: Taxation
The role and nature of the government sector in the economy, principles of taxation, tax equity, incidence and excess burden of taxes, structure of taxes in the economy, role of personal, corporate, sales and wealth taxes, fiscal stabilization policy, and the economics of public debt.
Introduction to Public Economics: Taxation
The role and nature of the government sector in the economy, principles of taxation, tax equity, incidence and excess burden of taxes, structure of taxes in the economy, role of personal, corporate, sales and wealth taxes, fiscal stabilization policy, and the economics of public debt.
ECON 3450 [0.5 credit]
Political Economy in the Modern State
An examination of the role of government in the economy, with emphasis on alternate forms of social coordination and the advantages and disadvantages of each form in the Canadian system.
Political Economy in the Modern State
An examination of the role of government in the economy, with emphasis on alternate forms of social coordination and the advantages and disadvantages of each form in the Canadian system.
ECON 3460 [0.5 credit]
Introduction to Health Economics
Health as an economic good: demand and need; supply and cost. Public health and personal health care. Alternative health-care delivery systems: financing, performance, quality, and cost effectiveness.
Introduction to Health Economics
Health as an economic good: demand and need; supply and cost. Public health and personal health care. Alternative health-care delivery systems: financing, performance, quality, and cost effectiveness.
Preclusion: credit will not be given if taken concurrently with or after ECON 4460.
Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3508 [0.5 credit]
Introduction to Economic Development
A discussion of the principles of economic development. Application to the problems of the developing countries.
Introduction to Economic Development
A discussion of the principles of economic development. Application to the problems of the developing countries.
ECON 3509 [0.5 credit]
Development Planning and Project Evaluation
An introduction to the tools used in the planning and evaluation of development projects. Topics include the theory, application, strengths and limitations of cost-benefit analysis and competing approaches, and an examination of project evaluation techniques.
Development Planning and Project Evaluation
An introduction to the tools used in the planning and evaluation of development projects. Topics include the theory, application, strengths and limitations of cost-benefit analysis and competing approaches, and an examination of project evaluation techniques.
ECON 3510 [0.5 credit]
African Economic Development
Domestic and international aspects of development problems and policies in the African context. Topics may include human resource development, growth and poverty reduction, domestic resource mobilization, the implications of ethnic diversity, governance, and institutions, and issues of trade, investment, aid, migration, and health.
African Economic Development
Domestic and international aspects of development problems and policies in the African context. Topics may include human resource development, growth and poverty reduction, domestic resource mobilization, the implications of ethnic diversity, governance, and institutions, and issues of trade, investment, aid, migration, and health.
ECON 3601 [0.5 credit]
Introduction to International Trade
An extension of the basic principles of economics to international trade. Topics covered include the theory of international specialization, tariffs and other barriers to trade, trade liberalization and economic integration, international movements of labour and capital, trade and development.
Introduction to International Trade
An extension of the basic principles of economics to international trade. Topics covered include the theory of international specialization, tariffs and other barriers to trade, trade liberalization and economic integration, international movements of labour and capital, trade and development.
Precludes additional credit for ECON 3600 (no longer offered).
Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3602 [0.5 credit]
International Monetary Problems
A discussion of the theory and institutions of the international monetary system, and the related balance of payments problems of nation states.
International Monetary Problems
A discussion of the theory and institutions of the international monetary system, and the related balance of payments problems of nation states.
Precludes additional credit for ECON 3600 (no longer offered).
Prerequisite(s): ECON 1001 and ECON 1002, or ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1001 and ECON 1002, or ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3607 [0.5 credit]
Monetary and Financial Institutions
The behaviour of financial intermediaries and institutions such as the Bank of Canada, banks and trust companies, and regulatory bodies such as the Canada Deposit Insurance Corporation and the Superintendent of Financial Institutions.
Monetary and Financial Institutions
The behaviour of financial intermediaries and institutions such as the Bank of Canada, banks and trust companies, and regulatory bodies such as the Canada Deposit Insurance Corporation and the Superintendent of Financial Institutions.
ECON 3706 [0.5 credit]
Applied Econometrics
Introduction to applied econometric methods with emphasis on the use of the regression model for empirical research. Real-world examples are used extensively to illustrate key concepts. Hands-on computer exercises are an integral part of the course.
Applied Econometrics
Introduction to applied econometric methods with emphasis on the use of the regression model for empirical research. Real-world examples are used extensively to illustrate key concepts. Hands-on computer exercises are an integral part of the course.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003, ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1001 and ECON 1002, or FYSM 1003, ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3803 [0.5 credit]
The Economics of Natural Resources
The application of economic analysis to questions concerning natural-resource use, management and conservation, as well as market failures and environmental effects. Policy problems relating to natural resources are discussed.
The Economics of Natural Resources
The application of economic analysis to questions concerning natural-resource use, management and conservation, as well as market failures and environmental effects. Policy problems relating to natural resources are discussed.
ECON 3804 [0.5 credit]
Environmental Economics
Microeconomic analysis of environmental issues. Frameworks for measuring environmental costs and benefits. The efficiency of alternative pollution control policies. Applications include air and water pollution and global environmental problems such as ozone depletion and global warming.
Environmental Economics
Microeconomic analysis of environmental issues. Frameworks for measuring environmental costs and benefits. The efficiency of alternative pollution control policies. Applications include air and water pollution and global environmental problems such as ozone depletion and global warming.
ECON 3807 [0.5 credit]
European Economic Integration
A discussion of the theories of free trade areas and customs, monetary, and economic unions, and the related historical experience of Europe. Topics include: currency area and the euro, coordination of fiscal policy and the EU budget, common agricultural policy, labour mobility, and regional policy.
European Economic Integration
A discussion of the theories of free trade areas and customs, monetary, and economic unions, and the related historical experience of Europe. Topics include: currency area and the euro, coordination of fiscal policy and the EU budget, common agricultural policy, labour mobility, and regional policy.
ECON 3808 [0.5 credit]
The Economics of Transition
The transition from state ownership and central planning to mixed ownership structure with resource allocation by market mechanisms. “Classical socialism” is criticized and the processes of transition in countries of Central and Eastern Europe, the former Soviet Union, and Asia are compared.
The Economics of Transition
The transition from state ownership and central planning to mixed ownership structure with resource allocation by market mechanisms. “Classical socialism” is criticized and the processes of transition in countries of Central and Eastern Europe, the former Soviet Union, and Asia are compared.
ECON 3820 [0.5 credit]
Topics in Canadian Economic Policy
Economic analysis applied to selected policy areas, issues or institutions. One or more of the following topics may be dealt with: decision-making by bureaucratic institutions, policy problems arising from poverty, the economics of natural resources and pollution, urban economics.
Topics in Canadian Economic Policy
Economic analysis applied to selected policy areas, issues or institutions. One or more of the following topics may be dealt with: decision-making by bureaucratic institutions, policy problems arising from poverty, the economics of natural resources and pollution, urban economics.
ECON 3840 [0.5 credit]
An Economic Analysis of Law
An introduction to the application of economic principles and methodology to a variety of legal problems with emphasis on the theory of property rights and the allocation of resources.
An Economic Analysis of Law
An introduction to the application of economic principles and methodology to a variety of legal problems with emphasis on the theory of property rights and the allocation of resources.
ECON 3850 [0.5 credit]
Economics of Information and the Media
An introduction to the economics of information and the media, with a focus on the analysis of production and distribution of information, the application of theory to selected communications-media industries in Canada, and the analysis of existing Canadian policies.
Economics of Information and the Media
An introduction to the economics of information and the media, with a focus on the analysis of production and distribution of information, the application of theory to selected communications-media industries in Canada, and the analysis of existing Canadian policies.
ECON 3856 [0.5 credit]
Housing Economics
Examination of housing markets, housing finance, and government housing policy using the tools of microeconomics. Models of demand, supply, and market equilibrium emphasizing the special characteristics of housing, including heterogeneity, durability, and spatial fixity. Relationships to other goods and markets and the wider macroeconomy.
Housing Economics
Examination of housing markets, housing finance, and government housing policy using the tools of microeconomics. Models of demand, supply, and market equilibrium emphasizing the special characteristics of housing, including heterogeneity, durability, and spatial fixity. Relationships to other goods and markets and the wider macroeconomy.
ECON 3860 [0.5 credit]
Agricultural Economics
An examination of the agricultural industry in the national economy and in low-income societies, with emphasis on the working out of the basic forces that determine supply and demand for the industry, and the functional distribution of income among the factors of production.
Agricultural Economics
An examination of the agricultural industry in the national economy and in low-income societies, with emphasis on the working out of the basic forces that determine supply and demand for the industry, and the functional distribution of income among the factors of production.
ECON 3870 [0.5 credit]
Comparative Economic Systems
Analysis of the structure, institutions, and performance of alternative economic systems, including capitalism, socialism, and communism. Selected countries are studied as examples of these systems.
Comparative Economic Systems
Analysis of the structure, institutions, and performance of alternative economic systems, including capitalism, socialism, and communism. Selected countries are studied as examples of these systems.
ECON 3878 [0.5 credit]
Contemporary Economic Issues
Content may vary from year to year and is announced in advance of the registration period.
Contemporary Economic Issues
Content may vary from year to year and is announced in advance of the registration period.
Lectures and/or seminars three hours a week.
ECON 3880 [0.5 credit]
Special Studies in Economics
Content may vary from year to year and is announced in advance of the registration period.
Special Studies in Economics
Content may vary from year to year and is announced in advance of the registration period.
ECON 3900 [0.5 credit]
Research Methods in Economics
The process of doing basic research in economics: development of the research proposal, finding and critically evaluating relevant literature, model development, methods for locating and collecting economic data, analytical methods, and writing mechanics. This course has a strong practical focus.
Research Methods in Economics
The process of doing basic research in economics: development of the research proposal, finding and critically evaluating relevant literature, model development, methods for locating and collecting economic data, analytical methods, and writing mechanics. This course has a strong practical focus.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 3020 with a grade of C+ or higher, ECON 3102 with a grade of C+ or higher, ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Seminars three hours a week.
Prerequisite(s): ECON 3020 with a grade of C+ or higher, ECON 3102 with a grade of C+ or higher, ECON 2210 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Seminars three hours a week.
ECON 3999 [0.0 credit]
Co-operative Work Term
Graded Sat/Uns.
Co-operative Work Term
Graded Sat/Uns.
Includes: Experiential Learning Activity
Prerequisite(s): registration in the Honours Economics or Applied Economics Co-operative Education option, satisfactory completion of the Co-op preparation classes offered by the Co-operative Education Office, and permission of the Department.
Prerequisite(s): registration in the Honours Economics or Applied Economics Co-operative Education option, satisfactory completion of the Co-op preparation classes offered by the Co-operative Education Office, and permission of the Department.
ECON 4001 [0.5 credit]
Mathematical Analysis in Economics
Analysis and algebra: set theory, sequences and series, quadratic forms, separation and fixed-point theorems. Static optimization: the Weierstrass, Lagrange, and Kuhn-Tucker theorems; convexity and quasi-convexity; the envelope theorem. Dynamic optimization: the Maximum Principle and Bellman's equation. Applications of these tools to economic theory.
Mathematical Analysis in Economics
Analysis and algebra: set theory, sequences and series, quadratic forms, separation and fixed-point theorems. Static optimization: the Weierstrass, Lagrange, and Kuhn-Tucker theorems; convexity and quasi-convexity; the envelope theorem. Dynamic optimization: the Maximum Principle and Bellman's equation. Applications of these tools to economic theory.
Prerequisite(s): ECON 3001 with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 4002 [0.5 credit]
Statistical Analysis in Economics
Probability: including conditional probability, random variables and distributions, unconditional and conditional expectations. Distributions: including special distributions and their properties, and sampling distributions of estimators. Nonparametric methods and limit theorems; stochastic processes; simulation and bootstrap methods. Applications of these tools to economic theory.
Statistical Analysis in Economics
Probability: including conditional probability, random variables and distributions, unconditional and conditional expectations. Distributions: including special distributions and their properties, and sampling distributions of estimators. Nonparametric methods and limit theorems; stochastic processes; simulation and bootstrap methods. Applications of these tools to economic theory.
Precludes additional credit for STAT 3508 and STAT 3558.
Prerequisite(s): ECON 2210 (or equivalent) with a grade of C+ or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 2210 (or equivalent) with a grade of C+ or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 4004 [0.5 credit]
Operations Research: Linear Programming Models
Linear programming, duality, sensitivity analysis, transportation and network problems. Both theory and a wide range of applications are studied.
Operations Research: Linear Programming Models
Linear programming, duality, sensitivity analysis, transportation and network problems. Both theory and a wide range of applications are studied.
Precludes additional credit for BUSI 2300 (no longer offered), MATH 3801, and SYSC 3200.
Prerequisite(s): ECON 1402 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 1402 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
ECON 4005 [0.5 credit]
Operations Research: Stochastic Models
Dynamic programming, inventory models, queuing, simulation, and non-linear programming.
Operations Research: Stochastic Models
Dynamic programming, inventory models, queuing, simulation, and non-linear programming.
Prerequisite(s): ECON 1402 (or equivalent) with a grade of C- or higher, and ECON 2210 (or equivalent) or STAT 2605 or STAT 3502 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4020 [0.5 credit]
Advanced Microeconomic Theory
Advanced theory of individual economic behaviour in production, consumption, and general equilibrium. Elementary tools of mathematics are employed in the exposition of most topics.
Advanced Microeconomic Theory
Advanced theory of individual economic behaviour in production, consumption, and general equilibrium. Elementary tools of mathematics are employed in the exposition of most topics.
Prerequisite(s): ECON 2020 (or ECON 2009) and ECON 3020 (or equivalent) each with a grade of C+ or higher; ECON 3001 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 3210 (or ECON equivalent, or STAT 2605 or STAT 3502), which may be taken concurrently with ECON 4020.
Lectures three hours a week, tutorials one and a half hours a week.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 4021 [0.5 credit]
Advanced Macroeconomic Theory
An introduction to advanced macroeconomic models. Topics may include analysis of business cycles, inflation, unemployment, economic growth, fiscal and monetary policy, consumption decisions of households, and investment decisions of firms.
Advanced Macroeconomic Theory
An introduction to advanced macroeconomic models. Topics may include analysis of business cycles, inflation, unemployment, economic growth, fiscal and monetary policy, consumption decisions of households, and investment decisions of firms.
Prerequisite(s): ECON 2102 with a grade of C+ or higher; ECON 3102 (or equivalent) with a grade of C+ or higher; ECON 3001 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 3210 (or ECON equivalent, or STAT 2605 or STAT 3502), which may be taken concurrently with ECON 4021.
Lectures three hours a week, tutorials one and a half hours a week.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 4026 [0.5 credit]
Macroeconomic Dynamics
Dynamic models as applied to topics such as economic growth, business cycles, consumption, investment, inflation, and real-financial linkages. Empirical and/or policy issues may also be discussed.
Macroeconomic Dynamics
Dynamic models as applied to topics such as economic growth, business cycles, consumption, investment, inflation, and real-financial linkages. Empirical and/or policy issues may also be discussed.
Prerequisite(s): ECON 2102 with a grade of C+ or higher; ECON 3102 (or equivalent) with a grade of C+ or higher; ECON 3001 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 3210 (or ECON equivalent, or STAT 2605 or STAT 3502), which may be taken concurrently with ECON 4026.
Lectures three hours a week.
Lectures three hours a week.
ECON 4030 [0.5 credit]
Economics of Uncertainty and Information
Uncertainty, imperfect information, and asymmetric information in the allocation of resources and the performance of markets. Applications to insurance and financial markets are emphasized.
Economics of Uncertainty and Information
Uncertainty, imperfect information, and asymmetric information in the allocation of resources and the performance of markets. Applications to insurance and financial markets are emphasized.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4051 [0.5 credit]
Financial Asset Pricing
Factors that drive security prices and models that attempt to account for aspects of security returns, including the generic arbitrage pricing model, the capital asset pricing model (CAPM), the consumption CAPM, and the intertemporal CAPM.
Financial Asset Pricing
Factors that drive security prices and models that attempt to account for aspects of security returns, including the generic arbitrage pricing model, the capital asset pricing model (CAPM), the consumption CAPM, and the intertemporal CAPM.
Precludes additional credit for BUSI 3500.
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
ECON 4052 [0.5 credit]
Corporate Financial Economics
Optimization and corporate finance. Corporate governance and managerial compensation. Capital structure and the Modigliani-Miller theorem. Agency theory and asymmetric information. The issue of equity, debt, and other securities. Dividend policy. Investment and capital budgeting, NPV, and real options.
Corporate Financial Economics
Optimization and corporate finance. Corporate governance and managerial compensation. Capital structure and the Modigliani-Miller theorem. Agency theory and asymmetric information. The issue of equity, debt, and other securities. Dividend policy. Investment and capital budgeting, NPV, and real options.
Precludes additional credit for BUSI 3500 and BUSI 3502.
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
ECON 4053 [0.5 credit]
Financial Market Modeling
The modeling of the evolution of prices in (near) efficient markets and the evaluation of functions of these prices such as guarantees, options, warrants, futures, and other types of derivatives. Arrow-Debreu state-contingent claims. Notions of complete and incomplete markets.
Financial Market Modeling
The modeling of the evolution of prices in (near) efficient markets and the evaluation of functions of these prices such as guarantees, options, warrants, futures, and other types of derivatives. Arrow-Debreu state-contingent claims. Notions of complete and incomplete markets.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3001 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4057 [0.5 credit]
Behavioural Financial Economics
Market efficiency and the limits of arbitrage. Heuristics and biases identified by behavioural decision theorists and their effect on the behaviour of managers and investors. Behavioural theories of market trading volume and asset prices. Behavioural approaches to corporate financial economics problems.
Behavioural Financial Economics
Market efficiency and the limits of arbitrage. Heuristics and biases identified by behavioural decision theorists and their effect on the behaviour of managers and investors. Behavioural theories of market trading volume and asset prices. Behavioural approaches to corporate financial economics problems.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher, and ECON 3050 or BUSI 2501 or BUSI 2505 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4109 [0.5 credit]
Experimental Economics
An introduction to the use of and insights gained from both laboratory- and field-type experimental methods in economic research. Topics include analysis of individual rationality, performance of markets, and design of economic systems. In-class experiments are an integral part of the course.
Experimental Economics
An introduction to the use of and insights gained from both laboratory- and field-type experimental methods in economic research. Topics include analysis of individual rationality, performance of markets, and design of economic systems. In-class experiments are an integral part of the course.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4120 [0.5 credit]
Strategy and Behaviour
Intersection of modern game theory and behavioral economics. Students will learn about (bounded) rationality and analyze strategic situations by applying concepts such as rationalizability and equilibrium. Applications to market behavior, institutional design, and policy interventions will be discussed.
Strategy and Behaviour
Intersection of modern game theory and behavioral economics. Students will learn about (bounded) rationality and analyze strategic situations by applying concepts such as rationalizability and equilibrium. Applications to market behavior, institutional design, and policy interventions will be discussed.
Prerequisite(s): ECON 2020 (or ECON 2009) and ECON 3020 or ECON 2030 (no longer offered) each with a grade of C+ or higher; and ECON 2210 (or equivalent, or STAT 2507 or STAT 2606 or STAT 3502).
Lectures: Three hours a week
Lectures: Three hours a week
ECON 4230 [0.5 credit]
Economic History
The application of economic theory and quantitative techniques to selected topics in economic history, which may include historical patterns of growth and welfare, nineteenth-century globalization, technological change, the development of agriculture, industrialization, the Great Depression, and the origins of central banks.
Economic History
The application of economic theory and quantitative techniques to selected topics in economic history, which may include historical patterns of growth and welfare, nineteenth-century globalization, technological change, the development of agriculture, industrialization, the Great Depression, and the origins of central banks.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher, ECON 3102 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Also offered at the graduate level, with different requirements, as ECON 5230., for which additional credit is precluded.
Lectures three hours a week.
Also offered at the graduate level, with different requirements, as ECON 5230., for which additional credit is precluded.
Lectures three hours a week.
ECON 4301 [0.5 credit]
Market Structure and Firm Behaviour
Various theoretical and empirical studies of firm and market organization with emphasis on the pricing, advertising, investment and locational behaviour of firms in imperfectly competitive markets.
Market Structure and Firm Behaviour
Various theoretical and empirical studies of firm and market organization with emphasis on the pricing, advertising, investment and locational behaviour of firms in imperfectly competitive markets.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4302 [0.5 credit]
Competition and Regulatory Policy
Public policies relating to competition and regulation. Topics may include: Ramsey pricing, peak-load pricing, cross-subsidization, access pricing (ECPR), multi-part pricing and price discrimination, predatory and targeted pricing, vertical restrictions, traditional regulation (including rate-of-return regulation), incentive regulation (including price caps), and the political economy of regulation.
Competition and Regulatory Policy
Public policies relating to competition and regulation. Topics may include: Ramsey pricing, peak-load pricing, cross-subsidization, access pricing (ECPR), multi-part pricing and price discrimination, predatory and targeted pricing, vertical restrictions, traditional regulation (including rate-of-return regulation), incentive regulation (including price caps), and the political economy of regulation.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4360 [0.5 credit]
Labour Economics
The application of price theory to the labour market. Topics include models of labour supply and labour demand, human capital and the economics of education, and unions and their impact on the labour market.
Labour Economics
The application of price theory to the labour market. Topics include models of labour supply and labour demand, human capital and the economics of education, and unions and their impact on the labour market.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4404 [0.5 credit]
Public Economics: Taxation
A discussion of the theory of taxation and an examination of empirical attempts to quantify the theory. Some topics of current interest, such as the redistribution of income in Canada and tax reform, are examined.
Public Economics: Taxation
A discussion of the theory of taxation and an examination of empirical attempts to quantify the theory. Some topics of current interest, such as the redistribution of income in Canada and tax reform, are examined.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4407 [0.5 credit]
Project Evaluation
Techniques and problems in the evaluation of public and private projects. Examination of alternative approaches to public decision-making including cost-benefit analysis, cost-effectiveness analysis, and multiple-objective frameworks. Case studies of projects in various areas such as natural resources, the environment, human resources, public services, and transportation.
Project Evaluation
Techniques and problems in the evaluation of public and private projects. Examination of alternative approaches to public decision-making including cost-benefit analysis, cost-effectiveness analysis, and multiple-objective frameworks. Case studies of projects in various areas such as natural resources, the environment, human resources, public services, and transportation.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3210 (or equivalent), or STAT 2605 or STAT 3502 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4460 [0.5 credit]
Health Economics
Economic analysis of the organization, financing, and utilization of health-care services. Topics include supply and demand of health care, the impact of private and social health insurance on demand, and policy issues in the provision of health care in Canada.
Health Economics
Economic analysis of the organization, financing, and utilization of health-care services. Topics include supply and demand of health care, the impact of private and social health insurance on demand, and policy issues in the provision of health care in Canada.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4507 [0.5 credit]
The Economics of Development
An examination of some theoretical approaches to the economics of development, together with analysis of some economic policy issues of a largely internal character, such as intersectoral investment allocation, income distribution, unemployment, and investment in human development.
The Economics of Development
An examination of some theoretical approaches to the economics of development, together with analysis of some economic policy issues of a largely internal character, such as intersectoral investment allocation, income distribution, unemployment, and investment in human development.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3102 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4508 [0.5 credit]
International Aspects of Economic Development
An analysis of the international economic policy problems of development in Asia, Africa and Latin America, focusing on international trade, direct foreign investment, technological transfer, regional integration, debt and development financing, and international migration.
International Aspects of Economic Development
An analysis of the international economic policy problems of development in Asia, Africa and Latin America, focusing on international trade, direct foreign investment, technological transfer, regional integration, debt and development financing, and international migration.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher and ECON 3102 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4601 [0.5 credit]
International Trade Theory and Policy
International trade theory and its implications for economic policy. Topics such as determinants of trade and specialization, gains from trade and commercial policy, international factor mobility, growth and development.
International Trade Theory and Policy
International trade theory and its implications for economic policy. Topics such as determinants of trade and specialization, gains from trade and commercial policy, international factor mobility, growth and development.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4602 [0.5 credit]
International Monetary Theory and Policy
International monetary theory and its implications for economic policy. Topics such as sources of disequilibrium and adjustment in the balance of payments under fixed versus flexible exchange rates, international capital movements, and international monetary reform.
International Monetary Theory and Policy
International monetary theory and its implications for economic policy. Topics such as sources of disequilibrium and adjustment in the balance of payments under fixed versus flexible exchange rates, international capital movements, and international monetary reform.
Prerequisite(s): ECON 3102 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4700 [0.5 credit]
Measurement Economics
National accounting and index numbers. Topics may include: the measurement of output and income, capital and depreciation, productivity, employment and unemployment, poverty and inequality, household production, pollution and resource depletion, and the balance of payments; price indexes; standard-of-living indexes; and international comparisons.
Measurement Economics
National accounting and index numbers. Topics may include: the measurement of output and income, capital and depreciation, productivity, employment and unemployment, poverty and inequality, household production, pollution and resource depletion, and the balance of payments; price indexes; standard-of-living indexes; and international comparisons.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C- or higher, ECON 3102 (or equivalent) with a grade of C- or higher, and ECON 3210 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4706 [0.5 credit]
Econometrics I
An introduction to econometric theory and analysis of the classical normal linear regression model. Topics include estimation methods, hypothesis testing, multicollinearity, indicator variables, heteroscedasticity, and an introduction to time-series methods.
Econometrics I
An introduction to econometric theory and analysis of the classical normal linear regression model. Topics include estimation methods, hypothesis testing, multicollinearity, indicator variables, heteroscedasticity, and an introduction to time-series methods.
Prerequisite(s): ECON 2210 (or equivalent) with a grade of C+ or higher, and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 4707 [0.5 credit]
Econometrics II
An extension of ECON 4706. Topics include model specification, diagnostic checks, qualitative and limited dependent variables, panel data, and simultaneous equations models.
Econometrics II
An extension of ECON 4706. Topics include model specification, diagnostic checks, qualitative and limited dependent variables, panel data, and simultaneous equations models.
Prerequisite(s): ECON 4706 with a grade of C+ or higher, or STAT 3503 with a grade of C+ or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4708 [0.5 credit]
Economic Data Science - Analytics
An introduction to methods of statistical and machine learning analytics for economic analysis. Tools relevant for both small and large data sets will be covered. Topics may include approaches to classification, dimension reduction strategies, and prediction models and tools.
Economic Data Science - Analytics
An introduction to methods of statistical and machine learning analytics for economic analysis. Tools relevant for both small and large data sets will be covered. Topics may include approaches to classification, dimension reduction strategies, and prediction models and tools.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 2708 with a grade of C+ or higher; and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2708 with a grade of C+ or higher; and ECON 3210 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week.
ECON 4709 [0.5 credit]
Economic Data Science - Applications
Application of data science and machine learning methods to real-world economic problems. Students will apply their data science knowledge in hands-on projects to answer topical research questions. This course has a strong practical focus.
Economic Data Science - Applications
Application of data science and machine learning methods to real-world economic problems. Students will apply their data science knowledge in hands-on projects to answer topical research questions. This course has a strong practical focus.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 4708 with a grade of C+ or higher.
Lectures three hours a week.
Prerequisite(s): ECON 4708 with a grade of C+ or higher.
Lectures three hours a week.
ECON 4713 [0.5 credit]
Time-Series Econometrics
An introduction to the basic concepts and tools of time-series econometrics. Topics include stationary and non-stationary time series, identification, estimation and forecasting, unit root testing, cointegration analysis, error-correction models and ARCH models, together with relevant economic applications.
Time-Series Econometrics
An introduction to the basic concepts and tools of time-series econometrics. Topics include stationary and non-stationary time series, identification, estimation and forecasting, unit root testing, cointegration analysis, error-correction models and ARCH models, together with relevant economic applications.
Precludes additional credit for STAT 4603.
Prerequisite(s): ECON 4706 with a grade of C- or higher, or STAT 3503 with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 4706 with a grade of C- or higher, or STAT 3503 with a grade of C- or higher.
Lectures three hours a week.
ECON 4880 [0.5 credit]
Special Topics in Economics
Advanced topics of interest to upper-year Economics students. Topics may vary from year to year and are announced in advance of the registration period.
Special Topics in Economics
Advanced topics of interest to upper-year Economics students. Topics may vary from year to year and are announced in advance of the registration period.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C+ or higher; ECON 3102 (or equivalent) with a grade of C+ or higher; and ECON 3706 or ECON 4706, which may be taken concurrently with ECON 4880 or may be waived by permission of the Department.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 3020 (or equivalent) with a grade of C+ or higher; ECON 3102 (or equivalent) with a grade of C+ or higher; and ECON 3706 or ECON 4706, which may be taken concurrently with ECON 4880 or may be waived by permission of the Department.
Lectures and/or seminars three hours a week.
ECON 4903 [0.5 credit]
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with ECON 4905.
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with ECON 4905.
Prerequisite(s): permission of the Department.
ECON 4904 [0.5 credit]
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with, ECON 4905.
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with, ECON 4905.
Prerequisite(s): permission of the Department.
ECON 4905 [0.5 credit]
Honours Capstone Seminar
The development of individual research projects in suitable economics topic areas with the exchange of results at each stage through in-class discussions and written and oral reports and culminating in a major research paper by each course registrant.
Honours Capstone Seminar
The development of individual research projects in suitable economics topic areas with the exchange of results at each stage through in-class discussions and written and oral reports and culminating in a major research paper by each course registrant.
Includes: Experiential Learning Activity
Prerequisite(s): ECON 2900 with a grade of C+ or higher, ECON 3900 with a grade of C+ or higher, and registration in an Honours Economics program.
Seminars three hours a week.
Prerequisite(s): ECON 2900 with a grade of C+ or higher, ECON 3900 with a grade of C+ or higher, and registration in an Honours Economics program.
Seminars three hours a week.
ECON 4908 [1.0 credit]
Honours Essay
Students taking Honours in Economics or Applied Economics may write an Honours essay during their final year. This essay counts for one credit. Students work under an individual faculty adviser.
Honours Essay
Students taking Honours in Economics or Applied Economics may write an Honours essay during their final year. This essay counts for one credit. Students work under an individual faculty adviser.
Includes: Experiential Learning Activity
Prerequisite(s): permission of the Department.
Prerequisite(s): permission of the Department.
ECON 4990 [0.5 credit]
Research and Writing in Economics
Development of fundamental research and writing skills pertinent to the discipline of economics. Writing summary reviews of economics texts of increasing sophistication; writing up empirical and/or theoretical results of increasing complexity.
Research and Writing in Economics
Development of fundamental research and writing skills pertinent to the discipline of economics. Writing summary reviews of economics texts of increasing sophistication; writing up empirical and/or theoretical results of increasing complexity.
Prerequisite(s): registration in the Post-Baccalaureate Diploma in Economics program and/or permission of the Department.
Seminars three hours a week, tutorials one and a half hours a week.
Seminars three hours a week, tutorials one and a half hours a week.
Note: Not all courses listed are offered in a given year. For an up-to-date statement of course offerings for the current session and to determine the term of offering, consult the class schedule at central.carleton.ca.
Summer session: some of the courses listed in this Calendar are offered during the summer. Hours and scheduling for summer session courses will differ significantly from those reported in the fall/winter Calendar. To determine the scheduling and hours for summer session classes, consult the class schedule at central.carleton.ca