
Number 
Sect. 
Title, instructor 
Day, time 
Location 

ECO101H1F

Principles of Microeconomics
•
Calendar entry


L0101

Robert Gazzale
•
outline
•
Learning outcomes

MWF3 
CH

 
 Use the basic analytical principles and tools of modern economics to understand and assess observed economic phenomena, contemporary economic problems and government economic policies.
 Explain how resources are allocated and income is distributed in a market economy.
 Describe and model the behaviour of economic agents, including households, firms and governments, and explain how these behaviours affect the determination of prices, quantities and welfare in individual markets for commodities and resources.


L0201

James E. Pesando
•
outline
•
Learning outcomes

MWF11 
BT101

 


L0301

Robert Gazzale
•
outline
•
Learning outcomes

MWF12 
BT101

 
 Use the basic analytical principles and tools of modern economics to understand and assess observed economic phenomena, contemporary economic problems and government economic policies.
 Explain how resources are allocated and income is distributed in a market economy.
 Describe and model the behaviour of economic agents, including households, firms and governments, and explain how these behaviours affect the determination of prices, quantities and welfare in individual markets for commodities and resources.


L0401

Robert Gazzale
•
outline
•
Learning outcomes

MWF1 
BT101

 
 Use the basic analytical principles and tools of modern economics to understand and assess observed economic phenomena, contemporary economic problems and government economic policies.
 Explain how resources are allocated and income is distributed in a market economy.
 Describe and model the behaviour of economic agents, including households, firms and governments, and explain how these behaviours affect the determination of prices, quantities and welfare in individual markets for commodities and resources.


L5101

William G. Wolfson
•
outline
•
Learning outcomes

M69 
MS2158

 
 1. Help you learn how to think like an economist and thereby analyze various scenarios, including personal ones, through that lens
 2. Introduce you to basic microeconomic principles and models, and how they can be applied to public policy issues
 3. Develop your problemsolving skills, using course concepts
 4. Prepare you for higherlevel ECO courses, should you wish to enrol in them

ECO101H1S

Principles of Microeconomics
•
Calendar entry


L5101

Kieran Furlong
•
Learning outcomes

W69 
CH

 

ECO102H1F

Principles of Macroeconomics
•
Calendar entry


L0101

Kieran Furlong
•
outline
•
Learning outcomes

T24, F10 
BR200

 

ECO102H1S

Principles of Macroeconomics
•
Calendar entry


L0101

Loren Brandt
•
Learning outcomes

MWF10 
BT101

 


L0201

Loren Brandt
•
Learning outcomes

MWF11 
BT101

 


L0301

Robert Gazzale
•
Learning outcomes

MWF12 
BT101

 


L0401

Robert Gazzale
•
Learning outcomes

MWF1 
BT101

 


L5101

William G. Wolfson
•
Learning outcomes

M69 
MC 102

 

ECO105Y1Y

Principles of Economics for Non Specialists
•
Calendar entry


L0101

Avi J. Cohen
•
outline
•
Learning outcomes

M810, F10 
MF BT101; 2nd term M MS 2158, F OI G162

 
 Understand the concept of economic equilibrium and its role in economists’ use of simple models to
approximate controlled experiments in the natural sciences.
 Proficiently apply the economic way of thinking to explain economic and noneconomic events using
simple models that focus on important variables while setting aside unnecessary complications.
 Distinguish positive from normative claims about economic events and policies.
 Appreciate the limitations of economic models for explaining economic and noneconomic events.
 Use cost/benefit analysis to identify the tradeoffs, including intended and unintended consequences,
of all choices.
 Explain the objectives, successes, and failures of government policies such as minimum wages,
rent controls, competition policy, environmental policy, trade policy, and tax and income redistribution policy.
 Find data measuring macroeconomic outcomes including GDP, economic growth, unemployment, inflation,
and understand the limitations of each measure.
 Describe the fundamental macroeconomic question of whether markets quickly selfadjust, and explain
both the handsoff and handson positions on the role of government fiscal and monetary policy.
 Come to an informed personal opinion about the appropriate role of government in macroeconomic policy.
 Write persuasive, informed opinion pieces about microeconomic and macroeconomic policy issues
for a general audience.


L9901

Avi J. Cohen
•
outline
•
Learning outcomes



 
 Understand the concept of economic equilibrium and its role in economists’ use of simple models to
approximate controlled experiments in the natural sciences.
 Proficiently apply the economic way of thinking to explain economic and noneconomic events using
simple models that focus on important variables while setting aside unnecessary complications.
 Distinguish positive from normative claims about economic events and policies.
 Appreciate the limitations of economic models for explaining economic and noneconomic events.
 Use cost/benefit analysis to identify the tradeoffs, including intended and unintended consequences,
of all choices.
 Explain the objectives, successes, and failures of government policies such as minimum wages,
rent controls, competition policy, environmental policy, trade policy, and tax and income redistribution policy.
 Find data measuring macroeconomic outcomes including GDP, economic growth, unemployment, inflation,
and understand the limitations of each measure.
 Describe the fundamental macroeconomic question of whether markets quickly selfadjust, and explain
both the handsoff and handson positions on the role of government fiscal and monetary policy.
 Come to an informed personal opinion about the appropriate role of government in macroeconomic policy.
 Write persuasive, informed opinion pieces about microeconomic and macroeconomic policy issues
for a general audience.

SII199H1F

First Year Seminar


L0181

Kieran Furlong
•
outline
•
Learning outcomes

M1012 
UC D301

 

SII199H1S

First Year Seminar


L0181

Kieran Furlong
•
Learning outcomes

M1012 
UC D301

 

SII199Y1Y

First Year Seminar


L0181

Masoud Anjomshoa
•
outline
•
Learning outcomes

R1012 
SS 2120

 
  By the end of this course, learners will be able to:
  Think critically, write critically, and giving presentations to colleagues.
  Adopt and apply the economic way of thinking and basic economic tools and concepts.
  Apply optimality conditions to daily life decisions, economic decisions, and specifically to solve environmental problems.
  Distinguish the differences between regular goods/services and environmental services and natural resources, which lead to environmental problems.
  Approach to solve environmental problems using economic tools.
  By the end of this course, learners will be able to:
  Think critically, write critically, and giving presentations to colleagues.
  Adopt and apply the economic way of thinking and basic economic tools and concepts.
  Apply optimality conditions to daily life decisions, economic decisions, and specifically to solve environmental problems.
  Distinguish the differences between regular goods/services and environmental services and natural resources, which lead to environmental problems.
  Approach to solve environmental problems using economic tools.
  By the end of this course, learners will be able to:
  Think critically, write critically, and giving presentations to colleagues.
  Adopt and apply the economic way of thinking and basic economic tools and concepts.
  Apply optimality conditions to daily life decisions, economic decisions, and specifically to solve environmental problems.
  Distinguish the differences between regular goods/services and environmental services and natural resources, which lead to environmental problems.
  Approach to solve environmental problems using economic tools.

ECO200Y1Y

Microeconomic Theory
•
Calendar entry


L0101

John McNeill
•
outline
•
Learning outcomes

M1012, F122 Note: tutorial F122 
M SS 2102, F OI G162

 
 By the end of this course, students will be able to utilize constrainedoptimization techniques to analyze behavior of both consumers and producers.
 By the end of this course, students will be able to identify the conditions that lead to different market structures, and analyze the differing resulting equilibrium predictions in those markets.
 By the end of this course, students will be able to apply game theory concepts to make predictions about equilibrium outcomes in both simultaneous and sequential move games.
 By the end of this course, students will be able to evaluate the impact of making economic models increasingly realistic and complex through the introduction of elements of uncertainty, asymmetric information, and externalities.


L0201

John McNeill
•
outline
•
Learning outcomes

M24, F122 
M SS2102, F OI G162

 
 By the end of this course, students will be able to utilize constrainedoptimization techniques to analyze behavior of both consumers and producers.
 By the end of this course, students will be able to identify the conditions that lead to different market structures, and analyze the differing resulting equilibrium predictions in those markets.
 By the end of this course, students will be able to apply game theory concepts to make predictions about equilibrium outcomes in both simultaneous and sequential move games.
 By the end of this course, students will be able to evaluate the impact of making economic models increasingly realistic and complex through the introduction of elements of uncertainty, asymmetric information, and externalities.


L5101

William G. Wolfson
•
outline
•
Learning outcomes

R69 
SS2135

 
 1. Continue to help you to think like an economist by expanding Micro principles and models to new scenarios
 2. Expand your problemsolving skills using course concepts in Consumer Theory and Production Theory
 3. Provide an introduction to Game Theory, which you can apply to many scenarios
 4. Help you to improve your writing skills through two writing assignments (Economists need to write too!)

ECO202Y1Y

Macroeconomic Theory and Policy
•
Calendar entry


L0101

Masoud Anjomshoa
•
outline
•
Learning outcomes

M25 
AH 400

 
 By the end of this course, learners will be able to:
 Understand how to measure a country’s national accounts from output, income and expenditure sides; balance of payments; major indices like inflation rate, unemployment rate, consumer confidence index, …
 Analyze macroeconomic phenomena using three approaches: algebraic models, graphs, and pure economic intuition
 Analyze the equilibrium in goods market, financial market (money market and exchange market), and labor market in short/long run, closed/open economies, with/without economic shocks.
 Analyze short run economic business cycles and long run economic growth (trends), and identify their determinants
 Analyze the short/long run impacts of fiscal and monetary policies on the economies in macro level
 Understand the role of society’s expectations, policies effectiveness, cost of policies, policy makers credibility, and politics of policies
 Analyze the short run/long run impacts of supply side policies and shocks on macro level: technological progress, minimum wage policies, labor unions, employment insurances, efficiency wages, competition expansion policies
 Analyze the macroeconomic equilibrium with different exchange rate regimes: floating vs. pegged exchange rate regimes
 Apply macroeconomic theories to real world cases by practicing with current world news during the course
 Try to work out empirical studies using macroeconomic data from major data sources


L0201

Masoud Anjomshoa
•
outline
•
Learning outcomes

T912 
AH 400

 
 By the end of this course, learners will be able to:
 Understand how to measure a country’s national accounts from output, income and expenditure sides; balance of payments; major indices like inflation rate, unemployment rate, consumer confidence index, …
 Analyze macroeconomic phenomena using three approaches: algebraic models, graphs, and pure economic intuition
 Analyze the equilibrium in goods market, financial market (money market and exchange market), and labor market in short/long run, closed/open economies, with/without economic shocks.
 Analyze short run economic business cycles and long run economic growth (trends), and identify their determinants
 Analyze the short/long run impacts of fiscal and monetary policies on the economies in macro level
 Understand the role of society’s expectations, policies effectiveness, cost of policies, policy makers credibility, and politics of policies
 Analyze the short run/long run impacts of supply side policies and shocks on macro level: technological progress, minimum wage policies, labor unions, employment insurances, efficiency wages, competition expansion policies
 Analyze the macroeconomic equilibrium with different exchange rate regimes: floating vs. pegged exchange rate regimes
 Apply macroeconomic theories to real world cases by practicing with current world news during the course
 Try to work out empirical studies using macroeconomic data from major data sources


L5101

Masoud Anjomshoa
•
outline
•
Learning outcomes

M69 
MS 3153

 
 By the end of this course, learners will be able to:
 Understand how to measure a country’s national accounts from output, income and expenditure sides; balance of payments; major indices like inflation rate, unemployment rate, consumer confidence index, …
 Analyze macroeconomic phenomena using three approaches: algebraic models, graphs, and pure economic intuition
 Analyze the equilibrium in goods market, financial market (money market and exchange market), and labor market in short/long run, closed/open economies, with/without economic shocks.
 Analyze short run economic business cycles and long run economic growth (trends), and identify their determinants
 Analyze the short/long run impacts of fiscal and monetary policies on the economies in macro level
 Understand the role of society’s expectations, policies effectiveness, cost of policies, policy makers credibility, and politics of policies
 Analyze the short run/long run impacts of supply side policies and shocks on macro level: technological progress, minimum wage policies, labor unions, employment insurances, efficiency wages, competition expansion policies
 Analyze the macroeconomic equilibrium with different exchange rate regimes: floating vs. pegged exchange rate regimes
 Apply macroeconomic theories to real world cases by practicing with current world news during the course
 Try to work out empirical studies using macroeconomic data from major data sources

ECO204Y1Y

Microeconomic Theory
•
Calendar entry


L0101

Ajaz Hussain
•
website
•
outline
•
Learning outcomes

T111; F111 
T SS2118; F BA 1160

 
 By the end of this course, you should be able to analyze, identify, formulate, articulate, and present a structured solution to salient issue(s) in real life businesseconomics cases.
 By the end of this course, you should be able to build MicroExcel models including MonteCarlo simulation, optimization, and data analysis
 By the end of this course, you should be able to work cooperatively with others in a team setting.
 By the end of this course, you should be able to compose professional level presentations and business reports.


L0201

Ajaz Hussain
•
website
•
outline
•
Learning outcomes

T24; F111 
T BT 101; F BA 1160

 
 By the end of this course, you should be able to analyze, identify, formulate, articulate, and present a structured solution to salient issue(s) in real life businesseconomics cases.
 By the end of this course, you should be able to build MicroExcel models including MonteCarlo simulation, optimization, and data analysis
 By the end of this course, you should be able to work cooperatively with others in a team setting.
 By the end of this course, you should be able to compose professional level presentations and business reports.


L0301

Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W111; F24 
W BA 1190; F LM 159

 
 By the end of this course, you should be able to analyze, identify, formulate, articulate, and present a structured solution to salient issue(s) in real life businesseconomics cases.
 By the end of this course, you should be able to build MicroExcel models including MonteCarlo simulation, optimization, and data analysis
 By the end of this course, you should be able to work cooperatively with others in a team setting.
 By the end of this course, you should be able to compose professional level presentations and business reports.


L0401

Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W24, F24 
W BA 1170; F LM 159

 
 By the end of this course, you should be able to analyze, identify, formulate, articulate, and present a structured solution to salient issue(s) in real life businesseconomics cases.
 By the end of this course, you should be able to build MicroExcel models including MonteCarlo simulation, optimization, and data analysis
 By the end of this course, you should be able to work cooperatively with others in a team setting.
 By the end of this course, you should be able to compose professional level presentations and business reports.


L0501

Karen BernhardtWalther
•
outline
•
Learning outcomes

R101 
EM 001

 
 Develop a deep understanding of standard microeconomic models and be able to solve a wide range of numeric, graphical, and formal microeconomic problems. (Foundational)
 Apply microeconomic models, understand their purpose, and critically assess their limitations. Connect microeconomic models to realworld observations. Draw on several problemsolving strategies when approaching unfamiliar problems. (Integration and Application)
 Develop professional writing skills. Practice structured team work. (Professional Development)

ECO206Y1Y

Microeconomic Theory
•
Calendar entry


L0101

Patrick Blanchenay
•
website
•
outline
•
Learning outcomes

R111,W68 
R AH 400, 2nd term NL6; W NL 6

 


L5101

Patrick Blanchenay
•
website
•
outline
•
Learning outcomes

WR68 
MP 203

 

ECO208Y1Y

Macroeconomic Theory
•
Calendar entry


L0101

Diego Restuccia
•
outline
•
Learning outcomes

T111, F24 
BA 1170

 


L5101

Murat Celik
•
outline
•
Learning outcomes

MT68 
OI 2212

 
 Introduction to the main topics of interest in macroeconomics, such as economic growth, business cycles, and labour market frictions.
 Developing a theoretical foundation and familiarity with rigorous analytical models in order to prepare the students for more advanced treatments of macroeconomic questions.
 Learning the basic concepts in macroeconomics, such as gross domestic product, national income accounting, inflation and price indices, labour market metrics, and business cycle terminology.
 Understanding, constructing, and using macroeconomic models tailored towards particular questions in order to assess how government policies or macroeconomic events affect the agents in the economy, such as consumers and firms, in a general equilibrium setting.
 Learning how and why to use microfoundations (agent based modeling with rational expectations) to arrive at consistent aggregate economic implications, in line with the Lucas Critique.
 Understanding the difference between general equilibrium and partial equilibrium analyses; and thus the difference between micro and macroeconomic approaches to economic questions.

ECO209Y1Y

Macroeconomic Theory
•
Calendar entry


L0101

Gustavo Indart
•
website
•
outline
•
Learning outcomes

T101 
UC 161; winter term RW 110

 
 Gain an understanding of core economic principles and how they apply to a wide range of realworld issues.
 Understand the factors determining gross domestic product, employment, interest rates, the rate of inflation, and the exchange rate.
 Understand the political and ideological components underlying the implementation of economic policy.
 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
 Understand the role of international trade and crossborder capital movements in affecting output and employment.
 Become familiar with salient developments in the national and international economy.
 Learn how to articulate pragmatic, principlesbased economic policies to enhance economic wellbeing and promote social justice.


L0201

Gustavo Indart
•
website
•
outline
•
Learning outcomes

T25 
RW 117

 
 Gain an understanding of core economic principles and how they apply to a wide range of realworld issues.
 Understand the factors determining gross domestic product, employment, interest rates, the rate of inflation, and the exchange rate.
 Understand the political and ideological components underlying the implementation of economic policy.
 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
 Understand the role of international trade and crossborder capital movements in affecting output and employment.
 Become familiar with salient developments in the national and international economy.
 Learn how to articulate pragmatic, principlesbased economic policies to enhance economic wellbeing and promote social justice.


L0301

Gustavo Indart
•
website
•
outline
•
Learning outcomes

W25 
WI 1017

 
 Gain an understanding of core economic principles and how they apply to a wide range of realworld issues.
 Understand the factors determining gross domestic product, employment, interest rates, the rate of inflation, and the exchange rate.
 Understand the political and ideological components underlying the implementation of economic policy.
 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
 Understand the role of international trade and crossborder capital movements in affecting output and employment.
 Become familiar with salient developments in the national and international economy.
 Learn how to articulate pragmatic, principlesbased economic policies to enhance economic wellbeing and promote social justice.


L0401

Gustavo Indart
•
website
•
outline
•
Learning outcomes

R25 
RW117

 
 Gain an understanding of core economic principles and how they apply to a wide range of realworld issues.
 Understand the factors determining gross domestic product, employment, interest rates, the rate of inflation, and the exchange rate.
 Understand the political and ideological components underlying the implementation of economic policy.
 Analyze the determinants of the relative strengths of fiscal and monetary policy for affecting gross domestic product.
 Understand the role of international trade and crossborder capital movements in affecting output and employment.
 Become familiar with salient developments in the national and international economy.
 Learn how to articulate pragmatic, principlesbased economic policies to enhance economic wellbeing and promote social justice.

ECO210H1S

Mathematical Methods for Economic Theory
•
Calendar entry


L0101

John McNeill
•
Learning outcomes

W101 
GB 248

 
 By the end of this course, students will be able to translate economic situations into mathematical models to facilitate economic analysis.
 By the end of this course, students will be able to identify the appropriate mathematical tools to use in an economic research setting.
 By the end of this course, students will be able to apply concepts from linear algebra to solve economic problems involving systems of linear equations.
 By the end of this course, students will be able to select the appropriate constrained optimization tools for different economic problems, and implement those techniques to solve economic questions.
 By the end of this course, students will be able to explain the relationship between curvature of the objective function and the solutions of the associated optimization problems.

ECO220Y1Y

Quantitative Methods
•
Calendar entry


L0101

Victor Yu
•
Learning outcomes

M24,T46 
M EM 001; T MP 102

 


L0201

Jennifer Murdock
•
website
•
outline
•
Learning outcomes

W111,F911 
W SS 2102; F KP 108

 
 Translate between plain English and statistical terms and concepts: identify key information
regardless of wording and distinguish incorrect statements from correct ones
 Select and apply a suitable quantitative approach to a new situation while making your reasoning
clear: may require sentences, precise statements of hypotheses, equations, calculations,
fullylabeled graphs, diagrams
 Proficiently read output from various statistical software packages including STATA
 Use Excel to analyze data and replicate published results
 Correctly interpret quantitative results for a nontechnical or technical audience
 Draw valid statistical conclusions and steer clear of common pitfalls
 Explain what would change if a researcher made different choices or the data changed
 Identify the underlying assumptions in quantitative analyses and figure out how violations
affect conclusions and interpretations
 Read and critically evaluate analyses without being dazzled by data, methods or jargon
 Effectively apply course concepts to a wide range of contexts from popular press articles to
papers in peerreviewed academic journals
 Assess available data or propose a data collection plan to address a research question
 Craft concise, clear, and coherent written arguments that directly answer asked questions


L0301

Jennifer Murdock
•
website
•
outline
•
Learning outcomes

W24,F911 
W PB B250; F ES 1050

 


L0401

Jennifer Murdock
•
website
•
outline
•
Learning outcomes

T24,F911 
T MP 102; F ES 1050

 


L0501

Victor Yu
•
Learning outcomes

M111, T46 
OI 2212

 

ECO227Y1Y

Quantitative Methods in Economics
•
Calendar entry


L0101

JoonHwan Cho
•
outline
•
Ismael Mourifié
•
outline
•
Learning outcomes

R24, F10 
SS 1071

 
 Introducing deep knowledge of probability theory/ statistics concepts.
 Building a strong basis to model uncertainty in economics and finance and then performing well in more specialized courses.

ECO230Y1Y

International Economic Institutions and Policy
•
Calendar entry


L0101

Masoud Anjomshoa
•
outline
•
Learning outcomes

W122, F2 
RW 110

 
 By the end of this course, learners will be able to:
  Adopt and apply the theory of comparative advantage and identify the determinant factors of comparative advantage behind the trade among any given set of countries in real world, using different trade models.
  Analyze the trade pattern among countries using the discussed trade models.
  Analyze the impact of trade on the prices, wages, employment, income distribution, and welfare within trading partners.
  Evaluate the impact of different trade policies on the trade patterns, prices, wages, employment, income distribution, and welfare within trading partners.
  Adopt and apply theories of exchange rate determination, discussing impacts of monetary, fiscal, and exchange rate policies, in short and long run.
  Analyze the impacts of exchange rate and foreign sector on the domestic economy, i.e. prices, employment, investment, consumption, and output and vice versa. (external balance vs. internal balance)

ECO305H1F

Economics of Accounting
•
Calendar entry


L0101

Robert McKeown
•
outline
•
Learning outcomes

W101 
SS 1087

 
 measure how a given transaction affects the four financial statements,
 contrast accounting principles under US GAAP and IFRS accounting regimes,
 analyze company performance under cash and accrual accounting.
 adjust company performance for managerial discretion such as LIFO v. FIFO.
 and speak the language of business! Words such as leverage, solvency, liquidity, profit margin, overhead, and their associated ratios will become familiar.

ECO305H1S

Economics of Accounting
•
Calendar entry


L0101

Robert McKeown
•
outline
•
Learning outcomes

W101 
SS 1085

 
 measure how a given transaction affects the four financial statements,
 contrast accounting principles under US GAAP and IFRS accounting regimes,
 analyze company performance under cash and accrual accounting.
 adjust company performance for managerial discretion such as LIFO v. FIFO.
 and speak the language of business! Words such as leverage, solvency, liquidity, profit margin, overhead, and their associated ratios will become familiar.

ECO306H1F

American Economic History
•
Calendar entry


L0101

Shari Eli
•
outline
•
Learning outcomes

R123 
SS 1084

 
 1) Depth and Breadth of Knowledge
(i) Using tools from econometrics and economics
(ii) Learning about current debates
 (2) Learning New Methods
(i) Introduce students to the use of econometric techniques including diffindiff, regression discontinuity and natural experiments and then evaluating these techniques
(ii) Learning how to choose different techniques depending on the issues faced
 (3) Writing Skills
(i) Explaining assumptions, hypotheses, evidence in essay form
 (4) Limitations of Research
(i) Cognizance of the ways that assumptions limit the possible conclusions that can be drawn
(ii) Identifying the limits of the data
(iii) Determining ways to establish causation versus correlation and acknowledging when it’s not possible to make causal claims

ECO310H1F

Empirical Industrial Organization
•
Calendar entry


L0101

•
outline
•
Learning outcomes

M101 
OI 2214

 
 Understand the main features of empirical models of demand, production function, price and quantity competition, and market entry.
 Know how to use market data to estimate the parameters of these empirical models, and interpret the economic implications of these estimations.
 Have enough programming experience using Stata and practical experience using actual market data such that the student can work in a research project in empirical IO.

ECO313H1S

Environmental Economics and Policies
•
Calendar entry


L0101

Masoud Anjomshoa
•
Learning outcomes

R25 
WI 1016

 
 By the end of this course, learners will be able to:
  Become familiar with the historical evolution of economic thinking and different schools of thoughts in dealing with environmental issues
  Apply neoclassical approach in economic theories to analyze environmental issues, including analyzing efficiency, equity, and ethical issues in allocating environmental services and natural resources.
  Design and compare varieties of economic policies in order to solve environmental problems
  Analyze the impacts of uncertainty in designing and implementing environmental policies
  Apply the optimal control theory in order to find the optimal and sustainable resource extraction paths for renewable resources, like forests and fisheries, as well as for nonrenewable resources, like fossil fuels.
  Analyze actual real world environmental policies and projects

ECO314H1F

Energy and the Environment
•
Calendar entry


L0101

Adonis Yatchew
•
Learning outcomes

M25 
GI George Ignatieff Theatre

 

ECO316H1F

Applied Game Theory
•
Calendar entry


L5101

Johannes Hoelzemann
•
outline
•
Learning outcomes

M68, F121 
BA 1130

 

ECO316H1S

Applied Game Theory
•
Calendar entry


L0101

Johannes Hoelzemann
•
Learning outcomes

M14 
BI 131

 

ECO320H1F

Economic Analysis of Law
•
Calendar entry


L0101

Robert Barber
•
outline
•
Learning outcomes

M11, R24 
BL 205

 

ECO320H1S

Economic Analysis of Law
•
Calendar entry


L0101

Robert Barber
•
Learning outcomes

M11,R24 
EM 001

 

ECO321H1F

Canadian Economic History prior to 1850
•
Calendar entry


L0101

Gillian C. Hamilton
•
outline
•
Learning outcomes

M14 
BA 1200

 
 Gain a better understanding of Canada’s early economic development
 Gain competence in using basic economic theory to understand historical outcomes
 Gain competence in evaluating empirical evidence
 Communicate effectively – both in written work and orally
 Gain competence in working with data & graphing in excel
 Gain competence in reading and summarizing academic papers succinctly

ECO322H1S

Canadian Economic History, 18501960
•
Calendar entry


L0101

Kieran Furlong
•
Learning outcomes

R101 
VC 115

 

ECO324H1F

Development Economics
•
Calendar entry


L0101

Arthur Blouin
•
Learning outcomes

M24, F1012 
OI 5170

 

ECO325H1F

Advanced Economic Theory  Macro
•
Calendar entry


L0101

Michelle Alexopoulos
•
outline
•
Learning outcomes

R101 
VC 323

 
 Gain familiarity with basic growth models
 Gain a better understanding of sources of economic growth
 Gain familiarity with a basic business cycle model
 Gain a better understanding of sources of business cycles
 Gain competence in analyzing simple dynamic macroeconomic models

ECO325H1S

Advanced Economic Theory  Macro
•
Calendar entry


L5101

Michelle Alexopoulos
•
Learning outcomes

R69 
RW 140

 
 Gain familiarity with basic growth models
 Gain a better understanding of sources of economic growth
 Gain familiarity with a basic business cycle model
 Gain a better understanding of sources of business cycles
 Gain competence in analyzing simple dynamic macroeconomic models

ECO326H1F

Advanced Economic Theory  Micro
•
Calendar entry


L5101

David Elliott WalkerJones
•
outline
•
Learning outcomes

M69 
SS 1087

 

ECO326H1S

Advanced Economic Theory  Micro
•
Calendar entry


L0101

David Elliott WalkerJones
•
Learning outcomes

M101 
SS 1069

 

ECO331H1S

Behavioural and Experimental Economics
•
Calendar entry


L0101

Robert Gazzale
•
Learning outcomes

T25 
SS 1083

 


L5101

Robert Gazzale
•
Learning outcomes

T58 
SS 1083

 

ECO332H1S

Economics of Family
•
Calendar entry


L0101

Aloysius Siow
•
Learning outcomes

RF911 
EM 119

 

ECO333H1S

Urban Economics
•
Calendar entry


L0101

Peter Tomlinson
•
Learning outcomes

T69 
LM 161

 

ECO334H1S

Political Economy
•
Calendar entry


L0101

Yosh Halberstam
•
Learning outcomes

R14 
BL 205

 
 Model beliefs and the updating process that follows exposure to information
 Analyze how information is aggregated in markets, including political markets
 Analyze the role of media in affecting voter beliefs and subsequent behaviour
 Identify the political economy of media and associated incentives to influence media markets
 Evaluate evidence on media and political outcomes with respect to causal inference

ECO336H1F

Public Economics
•
Calendar entry


L0101

Michael Smart
•
outline
•
Learning outcomes

T13, R12 
T WW 119; R CR 403

 

ECO337H1F

Public Economics (for Commerce)
•
Calendar entry


L0101

Michael Smart
•
outline
•
Learning outcomes

T1012, R1 
SS 1071

 

ECO338H1F

Economics of Careers
•
Calendar entry


L0101

Aloysius Siow
•
Learning outcomes

T911, F111 
SS 1074

 

ECO339H1F

Labour Economics: Employment, Wages, and Public Policy
•
Calendar entry


L0101

Elizabeth Dhuey
•
outline
•
Learning outcomes

T1012, F10 
MP 137

 
 Command of microeconomic theory as it applies to labour supply, labour demand and labour market equilibrium
 Skills necessary to interpret empirical evidence of labour market behaviour
 Skills to apply the economic models of labour supply and labour demand to policy issues such as social assistance and minimum wages
 Knowledge of basic descriptive statistics of labour supply and demand in the Canadian labour market and their values in comparison to those in other countries

ECO340H1S

Labour Economics: The Distribution of Earnings
•
Calendar entry


L0101

Dwayne Benjamin
•
Learning outcomes

T1012, F12 
MP 134

 

ECO341H1F

The Eonomic History of the 20th Century: Trade, Migration, Money and Finance before 1945
•
Calendar entry


L0101

Jon S. Cohen
•
outline
•
Learning outcomes

T1012, W1 
T SS 1085; W LM 158

 
 Gain an understanding of economic growth and fluctuations in Europe and North America between roughly 1870 and 1941.
 Gain an ability to use basic theoretical concepts to elucidate historical events.
 Gain an ability to draw on historical precedents to inform current economic debates.
 Gain an ability to evaluate empirical evidence.
 Develop an ability to conduct empirical research and to write up the results in a clear, concise, and coherent manner.
 Gain an ability to read, understand, and synthesize academic articles.

ECO342H1S

Twentieth Century Economic History: Institutions, Growth and Inequality
•
Calendar entry


L0101

Kieran Furlong
•
Learning outcomes

T101 
EM 001

 

ECO349H1F

Money, Banking, and Financial Markets
•
Calendar entry


L0101

Burhanettin Kuruscu
•
outline
•
Learning outcomes

W47 
RW 110

 

ECO349H1S

Money, Banking, and Financial Markets
•
Calendar entry


L0101

Burhanettin Kuruscu
•
Learning outcomes

W47 
RW 117

 


L0201

Burhanettin Kuruscu
•
Learning outcomes

T36 
WI 1016

 

ECO358H1F

Financial Economics I
•
Calendar entry


L0101

Robert McKeown
•
outline
•
Learning outcomes

T25 
WI 1016

 
 analyze portfolio decisions made by investors,
 identify shortcomings in theory and practice.
 derive models to price assets and derivatives
 analyze asset class (equity, bonds, etc.) risks and returns,


L0201

Robert McKeown
•
outline
•
Learning outcomes

W25 
BL 205

 
 analyze portfolio decisions made by investors,
 identify shortcomings in theory and practice.
 derive models to price assets and derivatives
 analyze asset class (equity, bonds, etc.) risks and returns,


L0301

Robert McKeown
•
outline
•
Learning outcomes

M36 
LM 162

 
 analyze portfolio decisions made by investors,
 identify shortcomings in theory and practice.
 derive models to price assets and derivatives
 analyze asset class (equity, bonds, etc.) risks and returns,


L5101

Robert McKeown
•
outline
•
Learning outcomes

T58 
WI 1016

 
 analyze portfolio decisions made by investors,
 identify shortcomings in theory and practice.
 derive models to price assets and derivatives
 analyze asset class (equity, bonds, etc.) risks and returns,

ECO359H1S

Financial Economics II
•
Calendar entry


L0101

Robert McKeown
•
Learning outcomes

T25 
EM 001

 


L0201

Robert McKeown
•
Learning outcomes

W25 
OI 2212

 

ECO364H1F

International Trade
•
Calendar entry


L0101

Kevin Lim
•
outline
•
Learning outcomes

R101 
KP 108

 
 Develop an understanding of the fundamental economic logic behind the gains from trade.
 Develop an understanding of the concept of comparative advantage, the determinants of comparative advantage, and how comparative advantage shapes trade patterns.
 Become familiar with the basic insights and predictions of the main neoclassical
models of international trade (the Ricardian, Specific Factors, and HeckscherOhlin models).
 Develop an understanding of how international trade matters for product variety and offshoring.
 Develop an understanding of the incentives for trade regulation, the potential costs of escalating trade wars, and the role of international trade organizations.


L0201

Kevin Lim
•
outline
•
Learning outcomes

R25 
PB B250

 
 Develop an understanding of the fundamental economic logic behind the gains from trade.
 Develop an understanding of the concept of comparative advantage, the determinants of comparative advantage, and how comparative advantage shapes trade patterns.
 Become familiar with the basic insights and predictions of the main neoclassical
models of international trade (the Ricardian, Specific Factors, and HeckscherOhlin models).
 Develop an understanding of how international trade matters for product variety and offshoring.
 Develop an understanding of the incentives for trade regulation, the potential costs of escalating trade wars, and the role of international trade organizations.


L0301

Kunal Dasgupta
•
outline
•
Learning outcomes

M111, F23 
VC 323

 
 By the end of this course, students should know how international trade patterns are determined.
 By the end of the course, students should understand how international trade affects returns to factors of production.
 By the end of the course, students should be able to evaluate the welfare effects of various trade policies.

ECO364H1S

International Trade
•
Calendar entry


L0101

Peter Morrow
•
Learning outcomes

R101 
KP 108

 


L5101

Palermo Penano
•
Learning outcomes

T69 
SS 2135

 

ECO365H1F

International Monetary Economics
•
Calendar entry


L0101

Kunal Dasgupta
•
outline
•
Learning outcomes

T122, F121 
AH 400

 
 By the end of this course, students should know the importance of exchange rates in a modern economy.
 By the end of the course, students should understand how exchange rates are determined.
 By the end of the course, students should be able to evaluate the efficacy of various policies under different exchange rate regimes.
 By the end of the course, students should be able to analyze how shocks in a country affect macroeconomic variables in other countries.


L5101

Michael Ho
•
outline
•
Learning outcomes

T69 
SS 2118

 


L5201

Michael Ho
•
outline
•
Learning outcomes

W69 
SS 2102

 

ECO365H1S

International Monetary Economics
•
Calendar entry


L0101

Jordi Mondria
•
Learning outcomes

T101 
KP 108

 


L0201

Jordi Mondria
•
Learning outcomes

T25 
SS 2102

 

ECO372H1F

Applied Regression Analysis and Empirical Papers
•
Calendar entry


L0101

Patrick Blanchenay
•
outline
•
Learning outcomes

W25 
EM 001

 

ECO372H1S

Applied Regression Analysis and Empirical Papers
•
Calendar entry


L0101

Patrick Blanchenay
•
outline
•
Learning outcomes

W101 
EM 119

 

ECO374H1S

Forecasting and Time Series Econometrics
•
Calendar entry


L0101

Martin Burda
•
Learning outcomes

W1012, F10 
SS 1083

 
 Gain intuition about econometric forecasting methods for time series data
 Interpret forecasting results
 Use econometric software to analyze data


L0201

Martin Burda
•
Learning outcomes

M13,F10 
MS 4171

 
 Gain intuition about econometric forecasting methods for time series data
 Interpret forecasting results
 Use econometric software to analyze data

ECO375H1F

Applied Econometrics I
•
Calendar entry


L0101

Jonathan P. Beauchamp
•
outline
•
Learning outcomes

R911, F111 
R SS 1069; F KP108

 
 Specify multiple regression models to gain insight into economic questions and interpret results from the estimation of such models
 Understand and mathematically prove the main properties of OLS estimators (including unbiasedness and consistency) and appreciate conditions (e.g., omitted variables) that may lead to failure of these properties
 Apply instrumental variables and twostage least squares estimation, understand the conditions for valid instruments, and use instrumental variables to estimate simultaneous equations models
 Use econometric software to analyze real data in regression analysis
 Use matrix algebra in analyzing theoretical properties of regression analysis


L0201

Jonathan P. Beauchamp
•
outline
•
Learning outcomes

R13, F111 
R MP 202, F KP 108

 
 Specify multiple regression models to gain insight into economic questions and interpret results from the estimation of such models
 Understand and mathematically prove the main properties of OLS estimators (including unbiasedness and consistency) and appreciate conditions (e.g., omitted variables) that may lead to failure of these properties
 Apply instrumental variables and twostage least squares estimation, understand the conditions for valid instruments, and use instrumental variables to estimate simultaneous equations models
 Use econometric software to analyze real data in regression analysis
 Use matrix algebra in analyzing theoretical properties of regression analysis

ECO380H1F

Markets, Competition, and Strategy
•
Calendar entry


L0101

John McNeill
•
outline
•
Learning outcomes

W101 
KP108

 
 By the end of this course, students will be able to analyze the role of different market structures in shaping equilibrium market outcomes.
 By the end of this course, students will be able to utilize mathematical methods to evaluate the impact of changing the assumptions of an economic model.
 By the end of this course, students will be able to explain the motivation for and mathematically model anticompetitive behavior and modern competition policy.
 By the end of this course, students will be able to describe how market design can be used to solve coordination problems in matching markets and apply theoretical results to specific applications
 By the end of this course, students will be able to identify situations in which nonstandard consumer behavior incentivizes firms to strategically exploit boundedly rational consumers.


L0201

John McNeill
•
outline
•
Learning outcomes

W25 
SS 2118

 
 By the end of this course, students will be able to analyze the role of different market structures in shaping equilibrium market outcomes.
 By the end of this course, students will be able to utilize mathematical methods to evaluate the impact of changing the assumptions of an economic model.
 By the end of this course, students will be able to explain the motivation for and mathematically model anticompetitive behavior and modern competition policy.
 By the end of this course, students will be able to describe how market design can be used to solve coordination problems in matching markets and apply theoretical results to specific applications
 By the end of this course, students will be able to identify situations in which nonstandard consumer behavior incentivizes firms to strategically exploit boundedly rational consumers.

ECO380H1S

Markets, Competition, and Strategy
•
Calendar entry


L0101

John McNeill
•
Learning outcomes

W25 
MP 202

 
 By the end of this course, students will be able to analyze the role of different market structures in shaping equilibrium market outcomes.
 By the end of this course, students will be able to utilize mathematical methods to evaluate the impact of changing the assumptions of an economic model.
 By the end of this course, students will be able to explain the motivation for and mathematically model anticompetitive behavior and modern competition policy.
 By the end of this course, students will be able to describe how market design can be used to solve coordination problems in matching markets and apply theoretical results to specific applications
 By the end of this course, students will be able to identify situations in which nonstandard consumer behavior incentivizes firms to strategically exploit boundedly rational consumers.

ECO381H1F

Personnel Economics
•
Calendar entry


L0101

Jasmin Kantarevic
•
Learning outcomes

T58 
EM001

 

ECO401H1S

Topics in Economic Policy
•
Calendar entry


L0101

Kory Kroft
•
Learning outcomes

M1012, F1 
SK 720

 

ECO402H1S

Topics in Health Economics
•
Calendar entry


L0101

Instructor TBA
•
Learning outcomes

R13 

 

ECO403H1F

Topics in Development Economics and Policy
•
Calendar entry


L0101

Arthur Blouin
•
Learning outcomes

T1012, R10 
OI 5160

 

ECO404H1F

Topics in Managerial Economics
•
Calendar entry


L5101

Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W58 
UC 330

 
 By the end of this course, students will be able to analyze, identify, formulate, articulate, and present a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to formulate appropriate econometric models to investigate particular businesseconomics hypotheses.
 By the end of this course, students will be able to build models involving MonteCarlo simulation, Optimization, and advanced Econometric methods.
 By the end of this course, students will be able to work cooperatively in a small group environment.
 By the end of this course, students will be able to compose professional level presentations, quantitative models, and business reports.

ECO404H1S

Topics in Managerial Economics
•
Calendar entry


L5101

Ajaz Hussain
•
Learning outcomes

W58 
BA B024

 
 By the end of this course, students will be able to analyze, identify, formulate, articulate, and present a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to formulate appropriate econometric models to investigate particular businesseconomics hypotheses.
 By the end of this course, students will be able to build models involving MonteCarlo simulation, Optimization, and advanced Econometric methods.
 By the end of this course, students will be able to work cooperatively in a small group environment.
 By the end of this course, students will be able to compose professional level presentations, quantitative models, and business reports.

ECO406H1S

Developmental Macroeconomics
•
Calendar entry


L0101

Gustavo Indart
•
Learning outcomes

R101 
RW 143

 
 Integrate the study of macroeconomics and development economics by focusing on both the stability of economic systems and the longterm process of economic growth.
 Construct a theoretical and policy framework applicable to both middleincome developing countries and resourcerich developed countries.
 Recognize the exchange rate as the key macroeconomic variable in the determination not only of exports and imports, but also of the investment rate, the saving rate, and the inflation rate.
 Examine the causes of observed cyclical overvaluation of the exchange rate in this group of countries, particularly Dutch disease and excessive reliance on external savings.

ECO407H1F

Competing Views in Macroeconomic Theory and Policy
•
Calendar entry


L0101

Gustavo Indart
•
website
•
outline
•
Learning outcomes

R101 
LM 158

 
 Recognize and appreciate the diversity of theoretical views expressed to analyze real world macroeconomic problems.
 Identify the differences between orthodox and heterodox macroeconomic approaches, including the ideological and political implications of each approach.
 Evaluate the role played by assumptions in arguments that reach different conclusions to specific economic or policy problems.
 Employ economic theory to analyze current socioeconomic problems, and evaluate alternative public policy choices.
 Formulate wellorganized written arguments based on a welldefined theoretical framework, stating assumptions and hypotheses supported by evidence.

ECO414H1S

Energy and Regulation
•
Calendar entry


L0101

Adonis Yatchew
•
Learning outcomes

M25 
SK 548

 

ECO418H1F

Empirical Applications of Economic Theory
•
Calendar entry


L0101

Yao Luo
•
outline
•
Learning outcomes

T47 
TF 102

 
 Use STATA to manipulate and explore data sets; interpreting and reporting regression results
 Apply discrete choice model to study consumer demand and strategic behavior of firms
 Apply economic theory to evaluate firm efficiency, estimate auction models and conduct counterfactual experiments
 Articulate a wellformed research question in an oligopolistic market and an appropriate resolution to it
 Use extended oral and written communication strategies to provide clear descriptions and explanations of empirical findings

ECO419H1F

International Macroeconomics
•
Calendar entry


L0101

Joseph Steinberg
•
outline
•
Learning outcomes

W25 
SK 702

 
 Recognize key facts about which countries have borrowed and lent from one another
 Identify the determinants of international borrowing and lending
 Identify the sources of exchange rate fluctuations
 Translate realworld situations into the mathematical language of macroeconomic theory
 Analyze equilibrium outcomes numerically, algebraically, and graphically

ECO422H1F

Special Topics in Economics, Topics in Business Economics
•
Calendar entry


L0101

Karen BernhardtWalther
•
outline
•
Learning outcomes

M112 
WO 20

 
 Recognize organizational choices in realworld examples
 Apply organizational economic models to analyze these choices, to explain behavior of and
dynamics within organizations
 Understand the economic relevance of “second best outcomes,” derive a second best outcome
mathematically, and give realworld examples
 Professionally and concisely communicate insights of applied theory papers and their realworld relevance, formally and informally, orally and in writing

ECO422H1S

Special Topics in Economics, Topics in Behavioural Economics
•
Calendar entry


L5101

Yoram Halevy
•
Learning outcomes

T911, M57 Note: M57 (tutorial) 
UC 255

 

ECO423H1S

Economics and Biosocial Data
•
Calendar entry


L0101

Jonathan P. Beauchamp
•
Learning outcomes

F912 
LA 214

 

ECO428H1F

Classical Economic Thought
•
Calendar entry


L0101

Kieran Furlong
•
outline
•
Learning outcomes

W912 
GB 221

 

ECO429H1S

Economic Thought after 1870
•
Calendar entry


L0101

Kieran Furlong
•
Learning outcomes

W912 
SS 2108

 

ECO435H1F

Economic Development of China
•
Calendar entry


L0101

Loren Brandt
•
outline
•
Learning outcomes

T25 
SK 720

 

ECO439H1S

Empirical Methods in Microeconomics
•
Calendar entry


L0101

Arthur Blouin
•
Learning outcomes

T35, R3 
TF 202

 

ECO446H1S

Advanced Public Economics
•
Calendar entry


L0101

Michael Smart
•
Learning outcomes

T13 
SF 2202

 

ECO459H1F

International Trade Regulation (note: ECO3504H is NOT open to nonEconomics graduate students)
•
Calendar entry


L0101

Michael Trebilcock
•
Learning outcomes

T24 
J130

 

ECO461H1S

Economics of Risk Management
•
Calendar entry


L0101

Ata Mazaheri
•
Learning outcomes

T912 
TF 200

 

ECO462H1F

Financial Econometrics
•
Calendar entry


L0101

Christian Gourieroux
•
outline
•
Learning outcomes

R111 
UC 52

 

ENV462H1S

Energy and Environment: Economics, Politics, and Sustainability


L0101

Instructor TBA
•
Learning outcomes

T24 
GB404

 

ECO464H1S

Empirical Financial Economics
•
Calendar entry


L5101

Peter Cziraki
•
Learning outcomes

T69 
WO 30

 

ECO466H1F

Empirical Macroeconomics and Policy
•
Calendar entry


L0101

Serdar Ozkan
•
Martin Burda
•
outline
•
Learning outcomes

TR1012 
KP 113

 
 Characterize concepts of time series dependence (covariance stationarity, weak dependence)
 Use sample autocorrelation function in statistical software for empirical assessment of dependence in realworld time series data
 Analyze theoretical properties of the multivariate vector autoregressive process (VAR) model
 Use the VAR model for forecasting of Canadian and U.S. macroeconomic variables in Stata or R
 Analyze a Real Business Cycle model with uncertainty in the context of the Canadian economy
 Research and present monetary policy recommendations for the Bank of Canada

ECO475H1S

Applied Econometrics II
•
Calendar entry


L0101

Ismael Mourifié
•
Learning outcomes

R1012, F11 
SS 2106

 

ECO499H1Y

Honours Essay in Applied Microeconomics
•
Calendar entry


L0101

Aloysius Siow
•
Learning outcomes

R25 
OI 7192

 
