U of T : Economics : Undergraduate Programs

Undergraduate Programs

Courses offered Winter 2024–2025

Click on section number for course details. Timetable view for Fall, Winter. To locate classrooms, see campus map.
Course delivery table: Unless otherwise indicated the courses are delivered In Person. For other course delivery methods, please refer to the section colors
Hybrid (New)	Asynchronous
Online Synchronous	T.B.D.
Qualifies for Data Analytics Focus


Number	Section		Title, instructor	Day, time	Location

ECO101H1F			Principles of Microeconomics • Calendar entry
	L0101		Kripa Freitas • outline • Learning outcomes	T11-1

	L0201		Kripa Freitas • outline • Learning outcomes	T1-3

	L0301		Loren Brandt • outline • Learning outcomes	W11-1

	L0401		Loren Brandt • outline • Learning outcomes	W1-3

	L0501		Abdollah Farhoodi • outline • Learning outcomes	R11-1

	L5101		Robert Gazzale • outline • Learning outcomes	M6-8

ECO101H1S			Principles of Microeconomics • Calendar entry
	L0101		Abdollah Farhoodi • Learning outcomes	R1-3

	L0201		Abdollah Farhoodi • Learning outcomes	R3-5

ECO102H1F			Principles of Macroeconomics • Calendar entry
	L0101		Kurt See • outline • Learning outcomes	T6-8

ECO102H1S			Principles of Macroeconomics • Calendar entry
	L0101		Tyler Paul • outline • Learning outcomes	M11-1

	L0201		Jordi Mondria • Learning outcomes	M1-3

	L0301		Jordi Mondria • Learning outcomes	M3-5

	L0401		Tyler Paul • outline • Learning outcomes	T11-1

	L5101		Yiming Xu • outline • Learning outcomes	M5-7

ECO105Y1Y			Principles of Economics for Non-Specialists • Calendar entry
	L0101	(HYBR)	Avi J. Cohen • outline • Learning outcomes	M9-11

	L0102	(HYBR)	Avi J. Cohen • outline • Learning outcomes	M9-11

ECO199H1F			Economics and Sustainable, Green Development • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	R11-1

ECO199H1S			Economics and Sustainable, Green Development • Calendar entry
	L0101		Masoud Anjomshoa • Learning outcomes	R11-1

ECO200Y1Y			Microeconomic Theory • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	M10-1

	L0201		Nazanin Khazra • outline • Learning outcomes	W9-11, R9-11

	L0301		Nazanin Khazra • outline • Learning outcomes	W9-11, R11-1

	L0401		Nazanin Khazra • outline • Learning outcomes	W9-11, R3-5

	L5101		Mir Ahasan Kabir • outline • Learning outcomes	TR6-8

ECO202Y1Y			Macroeconomic Theory and Policy • Calendar entry
	L0101		Tyler Paul • outline • Learning outcomes	M1-3, R11-1

	L0201		Tyler Paul • outline • Learning outcomes	M1-3, R1-3

	L0301		Olga Denislamova • outline • Learning outcomes	T9-11, R9-11

	L0401		Olga Denislamova • Learning outcomes	T1-3, R9-11

	L5101		Olga Denislamova • Learning outcomes	M3-5, R9-11

ECO204Y1Y			Microeconomic Theory and Applications (for Commerce) • Calendar entry
	L0101		Ajaz Hussain • outline • Learning outcomes	M1-3, T3-5

	L0201		Ajaz Hussain • outline • Learning outcomes	T1-3, W1-3

	L0301		Florian Dendorfer • outline • Learning outcomes	W11-1, R1-3

	L0401		Florian Dendorfer • Learning outcomes	W3-5, R1-3

	L5101		Ajaz Hussain • outline • Learning outcomes	T5-7, R9-11

	L5201		Ajaz Hussain • outline • Learning outcomes	W5-7, R3-5

ECO206Y1Y			Microeconomic Theory • Calendar entry
	L0101		Kripa Freitas and Laura Turner • outline • Learning outcomes	R3-5, W9-11

	L0201		Kripa Freitas and Laura Turner • outline • Learning outcomes	R6-8, W9-11

ECO208Y1Y			Macroeconomic Theory • Calendar entry
	L0101		Murat Celik • outline • Learning outcomes	M3-5, T5-7
		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 micro-foundations (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.
	L0201		Joseph Steinberg and Terry Yip • outline • Learning outcomes	T3-5, R1-3
		Analyze equilibrium outcomes numerically, algebraically, and graphically Identify the determinants of long-run economic growth Explain how monetary and fiscal policy can be used to mitigate the effects of short-term macroeconomic fluctuations Identify the components of a macroeconomic model and appreciate how models are used as lenses through which to view macroeconomic data Translate real-world situations into the mathematical language of macroeconomic theory Recognize the microeconomic foundations of macroeconomic theory
ECO209Y1Y			Macroeconomic Theory and Policy (for Commerce) • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	M2-5

	L0201		Terry Yip • outline • Learning outcomes	W2-5

ECO220Y1Y			Introduction to Data Analysis and Applied Econometrics • Calendar entry
	L0101		Jennifer Murdock • outline • Learning outcomes	T11-1, F9-11

	L0201		Jennifer Murdock • outline • Learning outcomes	T1-3, F9-11

	L0301		Jennifer Murdock • outline • Learning outcomes	W11-1, F9-11

	L0401		Karen Ugarte-Bravo • outline • Learning outcomes	W3-5, F1-3

	L0501		Kathleen Dobson • outline • Learning outcomes	R11-1, F11-1

	L0601		Karen Ugarte-Bravo • Learning outcomes	R3-5, F1-3

	L5101		Karen Ugarte-Bravo • Learning outcomes	W5-7, F1-3

ECO225H1S			Data Tools for Economists • Calendar entry
	L0101		Nazanin Khazra • Learning outcomes	T9-12

	L0201		Nazanin Khazra • Learning outcomes	T12-3

ECO227Y1Y			Foundations of Econometrics • Calendar entry
	L0101		Kuan Xu • website • outline • Learning outcomes	W3-5, M11-1
		This is an introductory course in probability and statistics intended for economic specialists. The course assumes basic familiarity with elementary calculus and will use it extensively. The course gives students a rigorous introduction to probability theory, estimation theory, sampling distributions, hypothesis testing, and simple regression analysis. By the end of the course, students should be familiar with the basic tools used to model uncertainty in economics and finance, including hypothesis testing and model parameter estimation.
ECO231H1F			Economics of Global Trade • Calendar entry
	L0101		Olga Denislamova • outline • Learning outcomes	M11-1, R1-3

ECO232H1S			Global Macroeconomics and Policies • Calendar entry
	L0101		Olga Denislamova • Learning outcomes	M11-1, R1-3

ECO306H1F			American Economic History • Calendar entry
	L0101		Shari Eli • outline • Learning outcomes	R2-5
		1) Depth and Breadth of Knowledge (i) Using tools from econometrics and economics (ii) Learning about current debates 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 diff-in-diff, regression discontinuity and natural experiments and then evaluating these techniques (ii) Learning how to choose different techniques depending on the issues faced (2) Learning New Methods (i) Introduce students to the use of econometric techniques including diff-in-diff, 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 (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 itâ€™s not possible to make causal claims (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 itâ€™s not possible to make causal claims
ECO310H1S			Empirical Industrial Organization • Calendar entry
	L0101		Victor Aguirregabiria • website • outline • Learning outcomes	M10-1
		Develop a solid understanding of key empirical models, including those addressing demand, production functions, price and quantity competition, and market entry. Comprehend endogeneity issues in simultaneous equations models, their implications, and approaches to resolving them. Gain proficiency in estimating model parameters using market data and interpreting the resulting economic insights. Acquire practical programming skills in Stata, along with hands-on experience working with real-world data, equipping students to undertake empirical research in industrial organization.
ECO313H1F			Environmental Economics and Policies • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	R2-5

ECO313H1S			Environmental Economics and Policies • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	R2-5

ECO314H1F			Energy and the Environment • Calendar entry
	L0101		Adonis Yatchew • outline • Learning outcomes	M9-12

ECO316H1F			Applied Game Theory • Calendar entry
	L0101		Itai Arieli • outline • Learning outcomes	T2-5

ECO316H1S			Applied Game Theory • Calendar entry
	L0101		Yi Lily Li • outline • Learning outcomes	M2-5

ECO317H1F			Concepts of Fairness in Economics • Calendar entry
	L5101		Alimohammad Faraji • Learning outcomes	W5-7, R1-2

ECO317H1S			Concepts of Fairness in Economics • Calendar entry
	L0101		Alimohammad Faraji • Learning outcomes	M1-3, R1-2

ECO320H1F			Economic Analysis of Law • Calendar entry
	L0101		Robert Barber • outline • Learning outcomes	T11-1, W1-3

	L0201		Robert Barber • outline • Learning outcomes	T11-1, R2-4

ECO320H1S			Economic Analysis of Law • Calendar entry
	L0101		Robert Barber • Learning outcomes	T11-1, W1-3

	L0201		Robert Barber • Learning outcomes	T11-1, R2-4

ECO322H1F			Canadian Economic History, 1850-1960 • Calendar entry
	L0101		Kieran Furlong • outline • Learning outcomes	W10-1, F9-10

ECO324H1F			Economic Development • Calendar entry
	L0101		Arthur Blouin • Learning outcomes	T10-1

ECO325H1F			Advanced Economic Theory - Macro • Calendar entry
	L0101		Michelle Alexopoulos • outline • Learning outcomes	W10-1	test

ECO325H1S			Advanced Economic Theory - Macro • Calendar entry
	L0101		Michelle Alexopoulos • Learning outcomes	M1-4

ECO326H1F			Advanced Microeconomics - Game Theory • Calendar entry
	L5101		Anne-Katrin Roesler • outline • Learning outcomes	M5-8

ECO326H1S			Advanced Microeconomics - Game Theory • Calendar entry
	L0101		Anne-Katrin Roesler • Learning outcomes	M10-1

ECO331H1F			Behavioural and Experimental Economics • Calendar entry
	L0101		Xiaoya Gao • website • outline • Learning outcomes	R10-1

ECO331H1S			Behavioural and Experimental Economics • Calendar entry
	L5101		Alaina Olson • outline • Learning outcomes	M5-8

ECO333H1F			Urban Economics • Calendar entry
	L0101		Abdollah Farhoodi • outline • Learning outcomes	W3-4, R3-5

	L0201		Abdollah Farhoodi • Learning outcomes	W4-5, R5-7

ECO333H1S			Urban Economics • Calendar entry
	L0101		Stephan Heblich • outline • Learning outcomes	W2-5

	L5101		Stephan Heblich • outline • Learning outcomes	W6-9

ECO334H1S			The Political Economy of Media • Calendar entry
	L0101		Tianyi Wang • Learning outcomes	M10-1

	L0201		Tianyi Wang • Learning outcomes	M4-7

ECO336H1F			Public Economics • Calendar entry
	L0101		Michael Smart • outline • Learning outcomes	R10-1

ECO336H1S			Public Economics • Calendar entry
	L0101		Michael Smart • Learning outcomes	W10-1

ECO338H1F			Economics of Careers • Calendar entry
	L5101		Aloysius Siow • website • outline • Learning outcomes	W6-9

ECO339H1F			Labour Economics: Employment, Wages and Public Policy • Calendar entry
	L0101		Michael Baker • outline • Learning outcomes	W10-12, R2

ECO340H1S			Labour Economics: The Distribution of Earnings • Calendar entry
	L0101		Laura Turner • Learning outcomes	W10-12, R4

ECO342H1F			Twentieth Century Economic History: Institutions, Growth and Inequality • Calendar entry
	L5101		Kieran Furlong • outline • Learning outcomes	R5-8, F10-11

ECO349H1F			Money, Banking and Financial Markets • Calendar entry
	L0101		Tyler Paul • outline • Learning outcomes	M10-1

	L0201		Tyler Paul • outline • Learning outcomes	M2-5

ECO349H1S			Money, Banking and Financial Markets • Calendar entry
	L0101		George Georgopoulos • outline • Learning outcomes	W2-5

	L5101	(HYBR)	Christopher D'Souza • website • outline • Learning outcomes	T6-9

	L5201		Yiming Xu • outline • Learning outcomes	R6-9

ECO352H1S			Special Topics in Economics: Firms and the Economy • Calendar entry
	L0101		Olga Denislamova • outline • Learning outcomes	W10-1

	L0201		Olga Denislamova • outline • Learning outcomes	W2-5

ECO353H1F			Special Topics in Economics with Data Analytics: Sports Economics • Calendar entry
	L0101		Laura Turner • Learning outcomes	M10-1

ECO358H1F			Financial Economics I • Calendar entry
	L0101		Runjing Lu • outline • Learning outcomes	T3-5, R3-4

	L5101		Runjing Lu • outline • Learning outcomes	T5-7, R4-5

ECO358H1S			Financial Economics I • Calendar entry
	L5101		Louis Belisle • Learning outcomes	W6-9

ECO359H1S			Financial Economics II: Corporate Finance • Calendar entry
	L0101		Anton Tsoy • Learning outcomes	T10-1

	L0201		Anton Tsoy • Learning outcomes	T2-5

ECO362H1F			Economic Growth • Calendar entry
	L0101		Diego Restuccia • outline • Learning outcomes	M2-5

ECO364H1F			International Trade Theory • Calendar entry
	L0101		Peter Morrow • outline • Learning outcomes	M10-1	FE 230

	L0201		Peter Morrow • outline • Learning outcomes	M2-5	FE 230

	L5101		Robert Owen • outline • Learning outcomes	W5-8

ECO364H1S			International Trade Theory • Calendar entry
	L0101		Kevin Lim • Learning outcomes	T2-5

	L0201		Robert Owen • Learning outcomes	W2-5

ECO365H1F			International Monetary Economics • Calendar entry
	L0101		Kevin Lim • outline • Learning outcomes	T2-5	SS 2118

	L0201		Robert Owen • outline • Learning outcomes	W2-5

	L5101		Kevin Lim • outline • Learning outcomes	T6-9	SS 2117

ECO365H1S			International Monetary Economics • Calendar entry
	L0101		Robert Owen • Learning outcomes	T2-5

	L5101		George Georgopoulos • outline • Learning outcomes	T6-9

ECO367H1F			The Economics of Inequality • Calendar entry
	L0101		Clementine Van Effenterre • outline • Learning outcomes	M3-5, W12-2

ECO369H1F			Health Economics • Calendar entry
	L0101		Karen Ugarte-Bravo • outline • Learning outcomes	T3-5, F3-5

	L0201		Karen Ugarte-Bravo • outline • Learning outcomes	T5-7, F3-5

ECO372H1F			Data Analysis and Applied Econometrics in Practice • Calendar entry
	L0101		Chenyue Liu • Learning outcomes	W2-5

	L0201		Sean Elliot • outline • Learning outcomes	M5-8

ECO372H1S			Data Analysis and Applied Econometrics in Practice • Calendar entry
	L0101		Courtney Ward • Learning outcomes	R9-11, F9-11

	L0201		Courtney Ward • Learning outcomes	R11-1, F9-11

	L0301		Courtney Ward • Learning outcomes	R1-3, F9-11

ECO374H1F			Forecasting and Time Series Econometrics • Calendar entry
	L0101		Martin Burda • outline • Learning outcomes	W9-11, R5-6

ECO374H1S			Forecasting and Time Series Econometrics • Calendar entry
	L0101		Martin Burda • outline • Learning outcomes	R10-12, F11-12

ECO375H1F			Applied Econometrics I • Calendar entry
	L0101		Courtney Ward • outline • Learning outcomes	R9-11, F9-11

	L0201		Courtney Ward • outline • Learning outcomes	R9-11, F11-1

	L0301		Courtney Ward • Learning outcomes	R9-11, F1-3

ECO375H1S			Applied Econometrics I • Calendar entry
	L0101		Yuanyuan Wan • Learning outcomes	W9-11, F9-11

	L0201		Yuanyuan Wan • Learning outcomes	W12-2, F9-11

ECO380H1F			Markets, Competition, and Strategy • Calendar entry
	L5101		Florian Dendorfer • outline • Learning outcomes	R5-8

ECO380H1S			Markets, Competition, and Strategy • Calendar entry
	L0101		Yanyou Chen • outline • Learning outcomes	T2-5

	L0201		Yanyou Chen • outline • Learning outcomes	W2-5

ECO403H1F			Topics in Development Economics and Policy • Calendar entry
	L0101		Gustavo Bobonis • outline • Learning outcomes	R10-1

	L0201		Gustavo Bobonis • outline • Learning outcomes	R2-5

ECO403H1S			Topics in Development Economics and Policy • Calendar entry
	L0101		Arthur Blouin • Learning outcomes	W10-1

	L0201		Arthur Blouin • Learning outcomes	W2-5

ECO404H1F			Topics in Managerial Economics • Calendar entry
	L0101		Ajaz Hussain • outline • Learning outcomes	W1-4

ECO404H1S			Topics in Managerial Economics • Calendar entry
	L0101		Ajaz Hussain • outline • Learning outcomes	W1-4

ECO414H1S			Energy and Regulation • Calendar entry
	L0101		Adonis Yatchew • Learning outcomes	M10-1

	L0201		Adonis Yatchew • Learning outcomes	M3-6

ECO418H1F			Empirical Applications of Economic Theory • Calendar entry
	L0101		Yao Luo • outline • Learning outcomes	T10-1

ECO418H1S			Empirical Applications of Economic Theory • Calendar entry
	L0101		Yao Luo • outline • Learning outcomes	F11-2

ECO419H1F			International Macroeconomics • Calendar entry
	L0101		Joseph Steinberg • outline • Learning outcomes	M2-5
		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 real-world situations into the mathematical language of macroeconomic theory Analyze equilibrium outcomes numerically, algebraically, and graphically
ECO421H1F			Special Topics in Economics: Capital Markets, (in)efficiencies, and (ir)rationality • Calendar entry
	L5101		Harry Burke • outline • Learning outcomes	M5-8

ECO421H1S			Special Topics in Economics: Competition Policy • Calendar entry
	L0101		Nadia Soboleva • outline • Learning outcomes	R10-1

ECO422H1F			Special Topics in Economics: Monetary Theory and Policy Analysis • Calendar entry
	L0101		Joao Ritto • outline • Learning outcomes	T10-1
		Explain challenges to the identification of the effects of monetary policy List some methods by which monetary policy effects have been estimated Explain the different roles of money Apply numerical methods to solving economic models Solve DSGE models Explain the logic underlying model calibration Discuss the concept of time-inconsistency of economic policy Describe the difficulties to maintaining low inflation Analyze and compare implications of different models of monetary policy Summarize and discuss recent developments in monetary policy implementation
	L0201		Joao Ritto • outline • Learning outcomes	T2-5
		Explain challenges to the identification of the effects of monetary policy List some methods by which monetary policy effects have been estimated Explain the different roles of money Apply numerical methods to solving economic models Solve DSGE models Explain the logic underlying model calibration Discuss the concept of time-inconsistency of economic policy Describe the difficulties to maintaining low inflation Analyze and compare implications of different models of monetary policy Summarize and discuss recent developments in monetary policy implementation
ECO422H1S			Special Topics in Economics: Economics of Innovation, Firm Dynamics, and Growth • Calendar entry
	L0101		Murat Celik • outline • Learning outcomes	T3-6

ECO422H1S			Special Topics in Economics: Studying Social Science Questions with Big Data • Calendar entry
	L0201		Fatih Guvenen • Learning outcomes	W3-6

ECO428H1F			Classical Economic Thought • Calendar entry
	L0101		Kieran Furlong • outline • Learning outcomes	W2-5, F11-12

ECO435H1F			The Economics of Modern China • Calendar entry
	L0101		Loren Brandt • outline • Learning outcomes	T11-2

ECO438H1F			Topics in Behavioural Economics • Calendar entry
	L0101		Yoram Halevy • outline • Learning outcomes	M1-4

ECO446H1F			Advanced Public Economics • Calendar entry
	L0101		Michael Smart • outline • Learning outcomes	W10-1

ECO451H1S			Macroeconomic Growth • Calendar entry
	L0101		Diego Restuccia • Learning outcomes	M2-5

ECO461H1S			The Economics of Financial Risk Management • Calendar entry
	L0101		Ata Mazaheri • Learning outcomes	T12-3

ECO462H1F			Financial Econometrics • Calendar entry
	L0101		Christian Gourieroux • outline • Learning outcomes	R11-1

ECO475H1S			Applied Econometrics II • Calendar entry
	L0101		Antoine Djogbenou • Learning outcomes	R2-5

ECO481H1F			Special Topics in Economics with Data Analytics: Climate Economics • Calendar entry
	L0101		Jeffrey Sun • outline • Learning outcomes	M10-1

ECO481H1F			Special Topics in Economics with Data Analytics: Labour Market Heterogeneity • Calendar entry
	L0201		Kurt See • outline • Learning outcomes	T2-5

ECO482H1F			Machine Learning Applications in Macroeconomic Finance • Calendar entry
	L0101		Marlene Koffi • Learning outcomes	W10-1

ECO482H1S			Machine Learning Applications in Macroeconomic Finance • Calendar entry
	L0101		Marlene Koffi • Learning outcomes	R10-1

ECO483H1S			Health and Economic Inequality • Calendar entry
	L0101		Michael Stepner • outline • Learning outcomes	M10-1

	L0201		Michael Stepner • outline • Learning outcomes	M2-5

ECO499H1Y			Honours Essay in Applied Microeconomics • Calendar entry
	L0101		Gustavo Bobonis • outline • Learning outcomes	W10-1

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Courses offered Winter 2024–2025