Robert Gazzale

Dept. of Economics
University of Toronto

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ECO101: Sections L0301 & L0401: Fall 2017

I have provide this information as a courtesy to those students who cannot access the official course website on the University of Toronto Portal (a.k.a. Blackboard). If there is a discrepancy between this page and the syllabus posted on the Portal, the syllabus posted on the Portal wins.

Contact Information

Robert Gazzale, PhD
Office: Gluskin 330 (150 St. George Street, map)
Office hours:
Wednesdays, 2:30 PM to 3:30 PM; Thursdays, 10:00 AM to 11:00 AM

Course Description

From the calendar: An introduction to economic analysis and its applications: price determination, market structure, decision making by individuals and firms, public policy. NOTE: extensive use of graphical and quantitative analysis.

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 microeconomics. (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 Assessment

Two term tests. (Almost) weekly quizzes and required tutorials. A final examination. Full details are in the syllabus.


Lectures: Mondays, Wednesdays and some Fridays, BT101 (Bader Theatre, map). L0301: 12:10 PM – 1:00 PM; L0401: 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, Second Canadian Edition, 2014.
Required: MobLab access.
Note: The UofT Bookstore has a bundle containing the textbook 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.