Economics (ECON)
Department of Economics
Faculty of Public Affairs
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 every two weeks.
Lectures three hours a week, discussion groups one hour every two weeks.
ECON 1001 [0.5 credit]
Introduction to Economics: Microeconomics
The microeconomics half of ECON 1000.
Introduction to Economics: Microeconomics
The microeconomics half of ECON 1000.
Precludes additional credit for ECON 1000 and FYSM 1003.
Prerequisite(s): normally restricted to students who have obtained transfer credit for the equivalent of the macroeconomics half of ECON 1000.
Lectures three hours a week, discussion groups one hour every two weeks.
Prerequisite(s): normally restricted to students who have obtained transfer credit for the equivalent of the macroeconomics half of ECON 1000.
Lectures three hours a week, discussion groups one hour every two weeks.
ECON 1002 [0.5 credit]
Introduction to Economics: Macroeconomics
The macroeconomics half of ECON 1000.
Introduction to Economics: Macroeconomics
The macroeconomics half of ECON 1000.
Precludes additional credit for ECON 1000 and FYSM 1003.
Prerequisite(s): normally restricted to students who have obtained transfer credit for the equivalent of the microeconomics half of ECON 1000.
Lectures three hours a week, discussion groups one hour every two weeks.
Prerequisite(s): normally restricted to students who have obtained transfer credit for the equivalent of the microeconomics half of ECON 1000.
Lectures three hours a week, discussion groups one hour every two weeks.
ECON 1401 [0.5 credit]
Elementary Mathematics for Economics I
Functional relations: including functional forms and error terms. Graphing economic magnitudes: scatter diagrams, time-series graphs, and functional relationships. Applied calculus: the mechanics of differentiation and integration, elasticity, and consumer/producer surplus. Applied algebra: solving systems of linear equations and Keynesian national-income analysis. Approaches to problem solving. This course is complementary to ECON 1000 and FYSM 1003.
Elementary Mathematics for Economics I
Functional relations: including functional forms and error terms. Graphing economic magnitudes: scatter diagrams, time-series graphs, and functional relationships. Applied calculus: the mechanics of differentiation and integration, elasticity, and consumer/producer surplus. Applied algebra: solving systems of linear equations and Keynesian national-income analysis. Approaches to problem solving. This course is complementary to ECON 1000 and FYSM 1003.
Also listed as MATH 1401.
Precludes additional credit for MATH 1007, MATH 1009, BIT 1000, BIT 1100, MATH 1104, MATH 1107, MATH 1119, BIT 1001, BIT 1101, and BIT 1201.
Prerequisite(s): Ontario Grade-12 U Advanced Functions, or MATH 0005, or equivalent; and ECON 1000 or FYSM 1003, which may be taken concurrently with ECON 1401.
Lectures three hours a week, tutorials one hour a week.
Precludes additional credit for MATH 1007, MATH 1009, BIT 1000, BIT 1100, MATH 1104, MATH 1107, MATH 1119, BIT 1001, BIT 1101, and BIT 1201.
Prerequisite(s): Ontario Grade-12 U Advanced Functions, or MATH 0005, or equivalent; and ECON 1000 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
Calculus: including partial differentiation, definite and indefinite integrals, techniques of integration, and unconstrained optimization. Vectors and matrices: scalar multiplication, inner product, linear dependence, matrix operations, rank, invertible matrix theorem, and determinants. Economic applications such as profit maximization, comparative statics, and the Leontief input-output model. This course is complementary to ECON 2020 and ECON 2102.
Elementary Mathematics for Economics II
Calculus: including partial differentiation, definite and indefinite integrals, techniques of integration, and unconstrained optimization. Vectors and matrices: scalar multiplication, inner product, linear dependence, matrix operations, rank, invertible matrix theorem, and determinants. Economic applications such as profit maximization, comparative statics, and the Leontief input-output model. This course is complementary to ECON 2020 and ECON 2102.
Also listed as MATH 1402.
Precludes additional credit for MATH 1007, MATH 1009, BIT 1000, BIT 1100, MATH 1104, MATH 1107, MATH 1119, BIT 1001, BIT 1101, and BIT 1201.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher, and ECON 1401 with a grade of C- or higher.
Lectures three hours a week, tutorials one hour a week.
Precludes additional credit for MATH 1007, MATH 1009, BIT 1000, BIT 1100, MATH 1104, MATH 1107, MATH 1119, BIT 1001, BIT 1101, and BIT 1201.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher, and ECON 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 the requiring 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.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 the requiring 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.B., B.Math., or B.Sc. program.
Precludes additional credit for ECON 2002 (no longer offered), ECON 2003 (no longer offered), ECON 2009, ECON 2020, and ECON 2030.
Prerequisite(s): ECON 1000 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1000 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. Not open to students in any Economics program.
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. Not open to students in any Economics program.
Precludes additional credit for ECON 2001, ECON 2002 (no longer offered), ECON 2003 (no longer offered), and ECON 2020.
Prerequisite(s): ECON 1000 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 1000 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, ECON 2002 (no longer offered), ECON 2003 (no longer offered), and ECON 2009.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2020.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2020.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2030 [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, ECON 2002 (no longer offered), and ECON 2003 (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 1402 (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 2020 with a grade of C- or higher or ECON 2009 with a grade of C+ or higher, and ECON 1402 (or equivalent) with a grade of C- or higher.
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 the requiring 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.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 the requiring 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.Math., or B.Sc. program.
Precludes additional credit for ECON 2102 and ECON 2103.
Prerequisite(s): ECON 1000 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1000 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 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2102.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1402 (or equivalent), which may be taken concurrently with ECON 2102.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2103 [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.
Prerequisite(s): ECON 2102 with a grade of C- or higher, and ECON 1402 (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 2102 with a grade of C- or higher, and ECON 1402 (or equivalent) with a grade of C- or higher.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2201 [0.5 credit]
Statistical Methods in Economics and Business I
An introduction to statistical inference. Topics covered include descriptive statistics, probability theory, sampling distributions, estimation and hypothesis testing with a single population.
Statistical Methods in Economics and Business I
An introduction to statistical inference. Topics covered include descriptive statistics, probability theory, sampling distributions, estimation and hypothesis testing with a single population.
Precludes additional credit for BIT 2000, BIT 2100, ECON 2200 (no longer offered), BIT 2300, GEOG 2006, PSCI 2702, PSYC 2002, STAT 2507, STAT 2606, and STAT 3502.
Prerequisite(s): ECON 1402 (or equivalent), which may be taken concurrently with ECON 2201.
Lectures three hours a week, tutorials one and a half hours a week.
Prerequisite(s): ECON 1402 (or equivalent), which may be taken concurrently with ECON 2201.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2202 [0.5 credit]
Statistical Methods in Economics and Business II
A continuation of ECON 2201. Topics include estimation and hypothesis testing with two populations, correlation, simple and multiple linear regression, analysis of variance, tests of goodness of fit and independence, and introduction to statistical computing.
Statistical Methods in Economics and Business II
A continuation of ECON 2201. Topics include estimation and hypothesis testing with two populations, correlation, simple and multiple linear regression, analysis of variance, tests of goodness of fit and independence, and introduction to statistical computing.
Precludes additional credit for ECON 2200 (no longer offered), STAT 2509, STAT 2559, and STAT 2607.
Prerequisite(s): ECON 2201 (or equivalent) with a grade of C- or higher, and ECON 1402 (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 2201 (or equivalent) with a grade of C- or higher, and ECON 1402 (or equivalent) with a grade of C- or higher.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 2400 [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 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1401 and ECON 1402 (or equivalent) with a grade of C- or higher in each and a grade point average across the two 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 3050 [0.5 credit]
Introduction to Financial Economics
The major theories and basic tools used to address modern financial economic issues. Topics may include time value of money, bond and stock valuation, investment criteria, capital budgeting, the risk-return tradeoff, options and option valuation, cost of capital, and the fundamentals of international corporate finance.
Introduction to Financial Economics
The major theories and basic tools used to address modern financial economic issues. Topics may include time value of money, bond and stock valuation, investment criteria, capital budgeting, the risk-return tradeoff, options and option valuation, cost of capital, and the fundamentals of international corporate finance.
Precludes additional credit for BUSI 2504, ECON 2504 (no longer offered), BUSI 2505, ECON 2505 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher, ECON 1402 (or equivalent) with a grade of C- or higher, and BUSI 1002 or BUSI 1005 with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003 with a grade of C- or higher, ECON 1402 (or equivalent) with a grade of C- or higher, and BUSI 1002 or BUSI 1005 with a grade of C- or higher.
Lectures three 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.
Precludes additional credit for ECON 3404 (no longer offered).
Prerequisite(s): an introductory course in one of the social sciences or Canadian history.
Lectures three hours a week.
Prerequisite(s): an introductory course in one of the social sciences or Canadian history.
Lectures three 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.
Precludes additional credit for ECON 2305 or HIST 2305 (no longer offered), ECON 3203 (no longer offered), ECON 3202 or HIST 3203 (no longer offered), and ECON 3207 or HIST 3204 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Precludes additional credit for ECON 2305 or HIST 2305 (no longer offered), ECON 3203 (no longer offered), ECON 3202 or HIST 3203 (no longer offered), and ECON 3207 or HIST 3204 (no longer offered).
Prerequisite(s): ECON 1000 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.
Precludes additional credit for ECON 3005 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Precludes additional credit for ECON 3005 (no longer offered).
Prerequisite(s): ECON 1000 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. Preclusion: credit will not be given if taken concurrently with or after ECON 4305 (no longer offered) or ECON 4306 (no longer offered) or ECON 4360.
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. Preclusion: credit will not be given if taken concurrently with or after ECON 4305 (no longer offered) or ECON 4306 (no longer offered) or ECON 4360.
Precludes additional credit for ECON 3506 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3365 [0.5 credit]
Introduction to Industrial Relations
An introduction to industrial relations covering such topics as: industrial relations systems, the functioning of trade unions, collective bargaining in Canada, and Canadian public policy in industrial relations. Preclusion: credit will not be given if taken concurrently with or after ECON 4365 or ECON 4605 (no longer offered).
Introduction to Industrial Relations
An introduction to industrial relations covering such topics as: industrial relations systems, the functioning of trade unions, collective bargaining in Canada, and Canadian public policy in industrial relations. Preclusion: credit will not be given if taken concurrently with or after ECON 4365 or ECON 4605 (no longer offered).
Precludes additional credit for BUSI 3107 (no longer offered) and ECON 3507 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3370 [0.5 credit]
The Economics of Migration
An introduction to the economic aspects of migration. 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 effects of emigration on the home country, among other topics.
The Economics of Migration
An introduction to the economic aspects of migration. 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 effects of emigration on the home country, among other topics.
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.
Precludes additional credit for ECON 3100 (no longer offered) and ECON 3810 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3003 (no longer offered) and ECON 3408 (no longer offered). Credit will not be given if taken concurrently with or after ECON 4402 (no longer offered) or ECON 4403.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3003 (no longer offered) and ECON 3407 (no longer offered). Credit will not be given if taken concurrently with or after ECON 4401 (no longer offered) or ECON 4404.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
ECON 3420 [0.5 credit]
Economic Theories of Federalism
Economic dimensions of federalism, with reference to Canadian experience. Issues include: fiscal federalism; impact of federal economic policies on provincial economies; decentralization possibilities for fiscal and economic development policies; and consequences of policies such as provincial trade barriers and impediments to factor flows.
Economic Theories of Federalism
Economic dimensions of federalism, with reference to Canadian experience. Issues include: fiscal federalism; impact of federal economic policies on provincial economies; decentralization possibilities for fiscal and economic development policies; and consequences of policies such as provincial trade barriers and impediments to factor flows.
Precludes additional credit for ECON 3206 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3305 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): 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.
Precludes additional credit for ECON 3603 (no longer offered). Credit will not be given if taken concurrently with or after ECON 4507.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3604 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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 3600 [0.5 credit]
Introduction to International Economics
A discussion of theory and policy in international trade and finance. Intended for students planning to take only 0.5 credit in international economics at the 3000-level. Preclusion: credit will not be given if taken concurrently with or after ECON 4601 or ECON 4602.
Introduction to International Economics
A discussion of theory and policy in international trade and finance. Intended for students planning to take only 0.5 credit in international economics at the 3000-level. Preclusion: credit will not be given if taken concurrently with or after ECON 4601 or ECON 4602.
Precludes additional credit for ECON 3601 and ECON 3602.
Prerequisite(s): ECON 1000 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003, or permission of the Department.
Lectures three hours a week.
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. Preclusion: credit will not be given if taken concurrently with or after ECON 4601.
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. Preclusion: credit will not be given if taken concurrently with or after ECON 4601.
Precludes additional credit for ECON 3600.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): 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. Credit will not be given if taken concurrently with or after ECON 4602.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): 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.
Precludes additional credit for ECON 4706.
Prerequisite(s): ECON 1000 or FYSM 1003, ECON 2201 (or equivalent) with a grade of C- or higher, and ECON 2202 (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 1000 or FYSM 1003, ECON 2201 (or equivalent) with a grade of C- or higher, and ECON 2202 (or equivalent) with a grade of C+ or higher.
Lectures three hours a week, tutorials one and a half hours a week.
ECON 3801 [0.5 credit]
Regional Economics
Unequal distribution of economic activity between spatially defined regions. The pattern in Canada since World War II and the outlook for the future is evaluated, considering "natural" adjustment mechanisms and policy tools.
Regional Economics
Unequal distribution of economic activity between spatially defined regions. The pattern in Canada since World War II and the outlook for the future is evaluated, considering "natural" adjustment mechanisms and policy tools.
Precludes additional credit for ECON 3401 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three 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.
Precludes additional credit for ECON 3805 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3806 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3700 (no longer offered), ECON 3701 (no longer offered), and ECON 3702 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3800 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3204 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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. Preclusion: credit will not be given if taken concurrently with or after ECON 4205 (no longer offered) or ECON 4850.
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. Preclusion: credit will not be given if taken concurrently with or after ECON 4205 (no longer offered) or ECON 4850.
Precludes additional credit for ECON 3200 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 3406 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
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.
Precludes additional credit for ECON 4806 (no longer offered) and ECON 4807 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures 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.
Precludes additional credit for ECON 3402 (no longer offered).
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 1000 or FYSM 1003.
Lectures and/or seminars three hours a week.
ECON 3999 [0.0 credit]
Co-operative Work Term
Graded Sat/Uns.
Co-operative Work Term
Graded Sat/Uns.
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: including set theory, sequences and series, quadratic forms, separation and fixed-point theorems. Static optimization: including the Weierstrass, Lagrange, and Kuhn-Tucker theorems; convexity and quasi-convexity; and the envelope theorem. Dynamic optimization: including the Maximum Principle and Bellman's equation. Applications of these tools to economic theory are presented.
Mathematical Analysis in Economics
Analysis and algebra: including set theory, sequences and series, quadratic forms, separation and fixed-point theorems. Static optimization: including the Weierstrass, Lagrange, and Kuhn-Tucker theorems; convexity and quasi-convexity; and the envelope theorem. Dynamic optimization: including the Maximum Principle and Bellman's equation. Applications of these tools to economic theory are presented.
Prerequisite(s): ECON 2400 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 are presented.
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 are presented.
Precludes additional credit for STAT 3500 (no longer offered), STAT 3508, and STAT 3558.
Prerequisite(s): ECON 2201 (or equivalent) with a grade of C+ or higher, and ECON 2202 (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 2201 (or equivalent) with a grade of C+ or higher, and ECON 2202 (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 I
Linear programming, duality, sensitivity analysis, transportation and network problems. Both theory and a wide range of applications are studied.
Operations Research I
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 II
Dynamic programming, inventory models, queuing, simulation, and non-linear programming.
Operations Research II
Dynamic programming, inventory models, queuing, simulation, and non-linear programming.
Prerequisite(s): ECON 4004 or BUSI 2300 (no longer offered) or MATH 3801 or SYSC 3200; and ECON 2202 (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.
Precludes additional credit for ECON 4200 (no longer offered).
Prerequisite(s): ECON 2020 (or ECON 2009) and ECON 2030 each with a grade of C+ or higher or ECON 2002 (no longer offered) and ECON 2003 (no longer offered) each with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or 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.
Prerequisite(s): ECON 2020 (or ECON 2009) and ECON 2030 each with a grade of C+ or higher or ECON 2002 (no longer offered) and ECON 2003 (no longer offered) each with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or 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.
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.
Precludes additional credit for ECON 4201 (no longer offered).
Prerequisite(s): ECON 2102 with a grade of C+ or higher; ECON 2103 with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or 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.
Prerequisite(s): ECON 2102 with a grade of C+ or higher; ECON 2103 with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or 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.
ECON 4025 [0.5 credit]
Game Theory and Economics
Analysis of strategic behaviour using non-cooperative game theory. Topics include extensive-form and strategic-form representation of games, and solution concepts for games of complete and incomplete information such as Nash equilibrium, subgame perfect equilibrium, and perfect Bayesian equilibrium. Economic applications will be presented.
Game Theory and Economics
Analysis of strategic behaviour using non-cooperative game theory. Topics include extensive-form and strategic-form representation of games, and solution concepts for games of complete and incomplete information such as Nash equilibrium, subgame perfect equilibrium, and perfect Bayesian equilibrium. Economic applications will be presented.
Prerequisite(s): ECON 2020 (or ECON 2009) and ECON 2030 each with a grade of C+ or higher or ECON 2002 (no longer offered) and ECON 2003 (no longer offered) each with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or equivalent, or STAT 2605 or STAT 3502), which may be taken concurrently with ECON 4025.
Lectures three hours a week.
Lectures three 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 2103 with a grade of C+ or higher; ECON 2400 (or MATH 2000 or MATH 2004) with a grade of C+ or higher; and ECON 2202 (or 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 and alternative coordinating mechanisms.
Economics of Uncertainty and Information
Uncertainty, imperfect information, and asymmetric information in the allocation of resources and the performance of markets and alternative coordinating mechanisms.
Precludes additional credit for ECON 4006 (no longer offered) and ECON 4260 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 (or equivalent) with a grade of C- or higher.
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 (or ECON 3500, no longer offered) and BUSI 3502 (or ECON 3502, no longer offered).
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 2202 (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 2202 (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 (or ECON 3500, no longer offered) and BUSI 3502 (or ECON 3502, no longer offered).
Prerequisite(s): ECON 3050 with a grade of C- or higher, and ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) 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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) 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.
Precludes additional credit for ECON 4100 (no longer offered) and ECON 4504 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2400 with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2400 with a grade of C- or higher.
Lectures three hours a week.
ECON 4056 [0.5 credit]
Insurance Economics
The theory of insurance founded on probability and decision theory. The optimal design of insurance policies from a risk-sharing and an information economics perspective. Principal-agent problems including adverse selection, asymmetric information, and moral hazard with implications for insurance. The interaction between insurance and other markets.
Insurance Economics
The theory of insurance founded on probability and decision theory. The optimal design of insurance policies from a risk-sharing and an information economics perspective. Principal-agent problems including adverse selection, asymmetric information, and moral hazard with implications for insurance. The interaction between insurance and other markets.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 (or equivalent) 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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 3050 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4209 [0.5 credit]
Selected Topics in the History of Economic Thought
The development of economic thought through time in relation to selected economic problems.
Selected Topics in the History of Economic Thought
The development of economic thought through time in relation to selected economic problems.
Precludes additional credit for ECON 4105 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C+ or higher or ECON 2003 (no longer offered) with a grade of C+ or higher, and ECON 2103 with a grade of C+ or higher.
Also offered at the graduate level, with different requirements, as ECON 5209, for which additional credit is precluded.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 2030 with a grade of C+ or higher or ECON 2003 (no longer offered) with a grade of C+ or higher, and ECON 2103 with a grade of C+ or higher.
Also offered at the graduate level, with different requirements, as ECON 5209, for which additional credit is precluded.
Lectures and/or seminars 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.
Precludes additional credit for ECON 4300 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
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.
Precludes additional credit for ECON 4300 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
ECON 4309 [0.5 credit]
Applied Industrial Economics
The empirical application of microeconomics, with special emphasis on the Canadian economy. Topics include: consumer demand, firm production and investment, and industrial and trade structure.
Applied Industrial Economics
The empirical application of microeconomics, with special emphasis on the Canadian economy. Topics include: consumer demand, firm production and investment, and industrial and trade structure.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 (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 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.
Precludes additional credit for ECON 4305 (no longer offered) and ECON 4306 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
ECON 4365 [0.5 credit]
Industrial Relations
Economic analysis of selected industrial relations and labour market policy problems. Topics include unionization, strike activity, the economics of occupational health and safety, pension policy, and the impact of new technology on the labour market.
Industrial Relations
Economic analysis of selected industrial relations and labour market policy problems. Topics include unionization, strike activity, the economics of occupational health and safety, pension policy, and the impact of new technology on the labour market.
Precludes additional credit for ECON 4605 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
ECON 4403 [0.5 credit]
Public Economics: Expenditures
A discussion of the theory of government expenditures and an examination of empirical attempts to quantify the theory. Examination of current topics such as expenditures and grants in the Canadian federation.
Public Economics: Expenditures
A discussion of the theory of government expenditures and an examination of empirical attempts to quantify the theory. Examination of current topics such as expenditures and grants in the Canadian federation.
Precludes additional credit for ECON 4402 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
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.
Precludes additional credit for ECON 4401 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 (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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2202 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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2103 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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, and ECON 2103 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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) 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.
ECON 4670 [0.5 credit]
Monetary Theory and Policy
The role of money and the monetary system in determining income, employment, and price level; techniques of monetary policy; the relationship between monetary and fiscal policy.
Monetary Theory and Policy
The role of money and the monetary system in determining income, employment, and price level; techniques of monetary policy; the relationship between monetary and fiscal policy.
Precludes additional credit for ECON 4607 (no longer offered) and ECON 4608 (no longer offered).
Prerequisite(s): ECON 2103 with a grade of C- or higher, and ECON 2202 with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2103 with a grade of C- or higher, and ECON 2202 with a grade of C- or higher.
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 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, ECON 2103 with a grade of C- or higher, and ECON 2202 (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 regression model. Topics include estimation methods, hypothesis testing, multicollinearity, autocorrelation, and heteroscedasticity.
Econometrics I
An introduction to econometric theory and analysis of the classical normal regression model. Topics include estimation methods, hypothesis testing, multicollinearity, autocorrelation, and heteroscedasticity.
Precludes additional credit for ECON 3706.
Prerequisite(s): ECON 2201 (or equivalent) with a grade of C+ or higher, and ECON 2202 (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 2201 (or equivalent) with a grade of C+ or higher, and ECON 2202 (or equivalent) with a grade of C+ or higher.
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 dummy variables, qualitative and limited dependent variables, and simultaneous equation models. Optional topics include simple expectations models, errors in variables, specification tests and diagnostics checks, distributed lag models, and seemingly unrelated regression models.
Econometrics II
An extension of ECON 4706. Topics include dummy variables, qualitative and limited dependent variables, and simultaneous equation models. Optional topics include simple expectations models, errors in variables, specification tests and diagnostics checks, distributed lag models, and seemingly unrelated regression 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 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 ECON 4803 (no longer offered) and 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 4714 [0.5 credit]
Advanced Topics in Applied Econometrics
Advanced coverage of one or more areas of current interest in applied econometrics. An empirical research project may be required.
Advanced Topics in Applied Econometrics
Advanced coverage of one or more areas of current interest in applied econometrics. An empirical research project may be required.
Precludes additional credit for ECON 4804 (no longer offered).
Prerequisite(s): ECON 4706 with a grade of C+ or higher; and ECON 4707, which may be taken concurrently with ECON 4714.
Lectures three hours a week.
Prerequisite(s): ECON 4706 with a grade of C+ or higher; and ECON 4707, which may be taken concurrently with ECON 4714.
Lectures three hours a week.
ECON 4800 [0.5 credit]
Spatial Economics
Spatial dimensions of economic activity and organization. Theories of urban agglomeration effects, transport costs, forward and backward linkages, and associated spatial dynamics; empirical analysis of spatial economic clusters; effects of globalization and economic growth on the spatial structure of production and the associated policy response.
Spatial Economics
Spatial dimensions of economic activity and organization. Theories of urban agglomeration effects, transport costs, forward and backward linkages, and associated spatial dynamics; empirical analysis of spatial economic clusters; effects of globalization and economic growth on the spatial structure of production and the associated policy response.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher, ECON 2103 with a grade of C- or higher, and ECON 2202 (or equivalent) with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.
ECON 4850 [0.5 credit]
Advanced Economics of Information and Media
The economics of information production, its distribution through broadcasting, publishing or the Internet, its exchange through telephone and e-mail networks, and its use in private and public organizations. An analysis of telecommunications, broadcasting, copyright, privacy, and Internet policy.
Advanced Economics of Information and Media
The economics of information production, its distribution through broadcasting, publishing or the Internet, its exchange through telephone and e-mail networks, and its use in private and public organizations. An analysis of telecommunications, broadcasting, copyright, privacy, and Internet policy.
Precludes additional credit for ECON 4205 (no longer offered).
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
Prerequisite(s): ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher.
Lectures three hours a week.
ECON 4880 [0.5 credit]
Special Topics in Economics
Selected advanced topics of interest to upper-year Honours Economics and Applied Economics students. Topics may vary from year to year and are announced in advance of the registration period.
Special Topics in Economics
Selected advanced topics of interest to upper-year Honours Economics and Applied Economics students. Topics may vary from year to year and are announced in advance of the registration period.
Prerequisite(s): ECON 2030 with a grade of C+ or higher or ECON 2003 (no longer offered) with a grade of C+ or higher; ECON 2103 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.
Lectures and/or seminars three hours a week.
ECON 4890 [0.5 credit]
Applied Honours Seminar
This seminar focuses on the use of basic economic analysis in a small number of research topics to be selected by the instructor. A major research paper is required. This seminar is intended for fourth-year Applied Honours Economics students.
Applied Honours Seminar
This seminar focuses on the use of basic economic analysis in a small number of research topics to be selected by the instructor. A major research paper is required. This seminar is intended for fourth-year Applied Honours Economics students.
Precludes additional credit for ECON 4900 (no longer offered), ECON 4901, and ECON 4902.
Prerequisite(s): ECON 2030 with a grade of C+ or higher or ECON 2003 (no longer offered) with a grade of C+ or higher; ECON 2103 with a grade of C+ or higher; and ECON 3706, which may be taken concurrently with ECON 4890.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 2030 with a grade of C+ or higher or ECON 2003 (no longer offered) with a grade of C+ or higher; ECON 2103 with a grade of C+ or higher; and ECON 3706, which may be taken concurrently with ECON 4890.
Lectures and/or seminars three hours a week.
ECON 4901 [0.5 credit]
Honours Seminar: Microeconomics
This seminar focuses on the use of basic microeconomic analysis in a small number of research topics to be selected by the instructor. A major research paper is required.
Honours Seminar: Microeconomics
This seminar focuses on the use of basic microeconomic analysis in a small number of research topics to be selected by the instructor. A major research paper is required.
Precludes additional credit for ECON 4890 and ECON 4900 (no longer offered).
Prerequisite(s): ECON 4020 with a grade of C- or higher; registration in an Honours Economics program; ECON 4021 and ECON 4706, which may be taken concurrently with ECON 4901.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 4020 with a grade of C- or higher; registration in an Honours Economics program; ECON 4021 and ECON 4706, which may be taken concurrently with ECON 4901.
Lectures and/or seminars three hours a week.
ECON 4902 [0.5 credit]
Honours Seminar: Macroeconomics
This seminar focuses on the use of basic macroeconomic analysis in a small number of research topics to be selected by the instructor. A major research paper is required.
Honours Seminar: Macroeconomics
This seminar focuses on the use of basic macroeconomic analysis in a small number of research topics to be selected by the instructor. A major research paper is required.
Precludes additional credit for ECON 4890 and ECON 4900 (no longer offered).
Prerequisite(s): ECON 4021 with a grade of C- or higher; registration in an Honours Economics program; ECON 4020 and ECON 4706, which may be taken concurrently with ECON 4902.
Lectures and/or seminars three hours a week.
Prerequisite(s): ECON 4021 with a grade of C- or higher; registration in an Honours Economics program; ECON 4020 and ECON 4706, which may be taken concurrently with ECON 4902.
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 4890 or ECON 4901 or ECON 4902.
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with, ECON 4890 or ECON 4901 or ECON 4902.
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 4890 or ECON 4901 or ECON 4902.
Tutorial in Economics
An additional tutorial in economics may be taken subsequent to, or concurrently with, ECON 4890 or ECON 4901 or ECON 4902.
Prerequisite(s): permission of the Department.
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.
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.
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
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