Robert Gazzale

Dept. of Economics
University of Toronto

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ECO100Y1Y: Section L0301: Fall 2012 – Winter 2013

This is the public "front end" for the more detailed course website that will be accessible through the University of Toronto Portal (a.k.a. Blackboard).

Contact Information

Robert Gazzale, PhD
Office 150 St. George Street, #330
Office hours:
Wednesdays, 2:30 PM to 4:00 PM: drop in;
Thursdays, 10:00 AM to 11:00 PM: by appointment only. (Appointments available through:

Course Description

From the calendar: An introduction to economic analysis and its applications: price determination; the role of competition; international trade and finance; the theory of production and employment; the role of money and the banking system; monetary and fiscal policy. NOTE: graphical and quantitative analysis are used extensively.

Course Goals

I have three goals for this course.

  1. To introduce students to the economist way of thinking, and help them on the path towards thinking like an economist.
  2. Introduce students to and help them understand some of the canonical models of modern economics. (This also entails understanding the limits of these models.)
  3. Assist students in gaining sufficient proficiency with these models so that they can apply them to novel situations and appreciate their implications vis-a-vis current public policy issues.
Student Evaluation

The grading scheme has two elements:

  1. Four one-hour term tests (12.5% each). Dates:
    1. Friday, October 19, 2012
    2. Friday, November 30, 2012
    3. Friday, February 08, 2013
    4. Friday, March 22, 2013
  2. Final exam (50%), Date and time to be announced

There will also be problem sets that form the basis of the regularly scheduled tutorials. The problems sets will not be graded, but serve to prepare students for the graded components of the course (the term tests and the final exam).


Lectures take place Mondays and Wednesdays, and perhaps some Fridays, in BT (Isabel Bader Theatre) 101 from 1:00 PM to 2:00 PM. Allocations into tutorial sections will take place early in the semester, times and locations to be announced.


Required: Mankiw, Kneebone and McKenzie, Principles of Microeconomics, Fifth Canadian Edition, 2011.
Required: Ragan and Lipsy, Macroeconomics, Thirteenth Canadian Edition, 2011.
Required: Any handouts posted on the Portal.
Recommended: Manouchehri and Fortura, Study Guide to accompany Gregory Mankiw et. al. Principles of Microeconomics (5th Canadian Edition).


The course syllabus will soon be posted.