Robert Gazzale

Dept. of Economics
University of Toronto

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ECO100: Section L0301 &: Fall 2016 – Winter 2017

This is the public “front end” for the more detailed course website accessible through the University of Toronto Portal (a.k.a. Blackboard).

Contact Information

Robert Gazzale, PhD
Office: Gluskin 330 (150 St. George Street, map)
Office hours:
Wednesdays, 2:30 PM to 4:00 PM: drop in;
Thursdays, 10:00 AM to 11:00 AM: 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

There will be grading.


Lectures: Mondays, Wednesdays and some Fridays, BT101 (Bader Theatre, map). L0201: 12:10 PM – 1:00 PM; L0301: 1:10 PM – 2:00 PM.

Tutorials: One hour per week; required. Allocations into tutorial sections will take place early in the semester, times and locations to be announced.


Required: Krugman and Wells, Microeconomics and Macroeconomics, both Second Canadian Edition, 2014.
Required: Two semesters of MobLab access.
Note: The UofT Bookstore has a bundle containing both textbooks and MobLab access at a specially negotiated price.
Required: Any handouts posted on the Portal.

Syllabus and Overheads

Here is the full syllabus.

Overheads for Thinking Like an Economist.

Overheads for Gains from Trade.

Additional overheads for Gains from Trade.

Overheads for Supply and Demand.

Overheads for Elasticity.