U of T : Economics : Undergraduate Programs

Undergraduate Programs

Courses offered Winter 2025–2026

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 • Learning outcomes	T1-3

	L0301		Kripa Freitas • Learning outcomes	W11-1

	L0401		Loren Brandt • outline • Learning outcomes	W1-3

	L0501		Kripa Freitas • Learning outcomes	R1-3

	L5101		Loren Brandt • Learning outcomes	W6-8

ECO101H1S			Principles of Microeconomics • Calendar entry
	L0101		No instructors assigned • Learning outcomes	R1-3

	L0201		No instructors assigned • Learning outcomes	R3-5

ECO102H1F			Principles of Macroeconomics • Calendar entry
	L0101		Yiming Xu • outline • Learning outcomes	T6-8

ECO102H1S			Principles of Macroeconomics • Calendar entry
	L0101		Jordi Mondria • Learning outcomes	M11-1

	L0201		Jordi Mondria • Learning outcomes	M1-3

	L0301		Tyler Paul • Learning outcomes	M3-5

	L0401		Jordi Mondria • Learning outcomes	T11-1

	L5101		Tyler Paul • Learning outcomes	M5-7

ECO105Y1Y			Principles of Economics for Non-Specialists • Calendar entry
	L0101	(HYBR)	Taryn Eadie • outline • Learning outcomes	M9-11

	L0102	(HYBR)	Taryn Eadie • 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	M3-5, R5-7

	L0201		Ajaz Hussain • outline • Learning outcomes	M1-3, W9-11

	L0301		Ajaz Hussain • outline • Learning outcomes	T1-3, W9-11

	L0401		Ajaz Hussain • outline • Learning outcomes	T3-5, W9-11

	L5101		Masoud Anjomshoa • Learning outcomes	MR5-7

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		Tyler Paul • outline • Learning outcomes	M1-3, T3-5

	L0401		Olga Denislamova • outline • Learning outcomes	T9-11, R9-11

	L0501		Olga Denislamova • Learning outcomes	T1-3, R9-11

ECO204Y1Y			Microeconomic Theory and Applications (for Commerce) • Calendar entry
	L0101		Nazanin Khazra • outline • Learning outcomes	W5-7, R9-11

	L0201		Nazanin Khazra • Learning outcomes	W5-7, R11-1

	L0301		Laura Turner • outline • Learning outcomes	W11-1, R1-3

	L0401		Laura Turner • Learning outcomes	W3-5, R1-3

	L5101		Abdollah Farhoodi and David Lagziel • outline • Learning outcomes	M3-5, W5-7

	L5201		Abdollah Farhoodi and David Lagziel • Learning outcomes	W5-7, R3-5

ECO206Y1Y			Microeconomic Theory • Calendar entry
	L5101		Kripa Freitas • outline • Learning outcomes	M5-7, W3-5

	L5102		Kripa Freitas • Learning outcomes	M5-7, R3-5

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 • 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		Olga Denislamova • outline • Learning outcomes	M9-11, W9-11

	L0201		Olga Denislamova • Learning outcomes	M9-11, W1-3

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	R1-3, F1-3

	L0701		Karen Ugarte-Bravo • Learning outcomes	R3-5, F1-3

ECO225H1F			Data Tools for Economists • Calendar entry
	L0101		Marlène Koffi • outline • Learning outcomes	M10-1

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

	L0201		Nazanin Khazra • Learning outcomes	T1-4

ECO227Y1Y			Foundations of Econometrics • Calendar entry
	L0101		Kuan Xu • outline • Learning outcomes	T11-1, W1-3

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

ECO310H1F			Empirical Industrial Organization • Calendar entry
	L0101		Victor Aguirregabiria • website • outline • Learning outcomes	T10-1
		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.
ECO310H1S			Empirical Industrial Organization • Calendar entry
	L0101		Victor Aguirregabiria • Learning outcomes	M10-1

ECO313H1F			Environmental Economics and Policies • Calendar entry
	L0101		Masoud Anjomshoa • outline • Learning outcomes	R2-5

ECO313H1S			Environmental Economics and Policies • Calendar entry
	L0101		Christoph Semken • Learning outcomes	W3-6

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

ECO316H1F			Applied Game Theory • Calendar entry
	L0101		Dan McGee • outline • Learning outcomes	M2-5

ECO316H1S			Applied Game Theory • Calendar entry
	L5101		Dan McGee • Learning outcomes	M5-8

ECO317H1S			Concepts of Fairness in Economics • Calendar entry
	L0101		Gabriel Carroll • 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, R1-3

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

	L0201		Robert Barber • Learning outcomes	T11-1, R1-3

ECO322H1F			Canadian Economic History, 1850-1960 • Calendar entry
	L0101		Kieran Furlong • outline • Learning outcomes	W11-1

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

ECO325H1F			Advanced Economic Theory - Macro • Calendar entry
	L0101		Michelle Alexopoulos • outline • Learning outcomes	M11-1, R1-3

ECO325H1S			Advanced Economic Theory - Macro • Calendar entry
	L0101		Michelle Alexopoulos • Learning outcomes	M1-3, R1-3

ECO326H1F			Advanced Microeconomics - Game Theory • Calendar entry
	L5101		Marcin Pęski • outline • Learning outcomes	M5-8

ECO326H1S			Advanced Microeconomics - Game Theory • Calendar entry
	L0101		Marcin Pęski • Learning outcomes	M10-1

ECO331H1F			Behavioural and Experimental Economics • Calendar entry
	L0101		Dan McGee • outline • Learning outcomes	R10-1

ECO331H1S			Behavioural and Experimental Economics • Calendar entry
	L0101		Dan McGee • Learning outcomes	W10-1

	L5101		Robert Gazzale • Learning outcomes	M5-8

ECO333H1F			Urban Economics • Calendar entry
	L0101		Fern Ramoutar • outline • Learning outcomes	M11-1, W11

	L0201		Fern Ramoutar • outline • Learning outcomes	M3-5, W12

	L5101		Fern Ramoutar • outline • Learning outcomes	M5-7, W1

ECO333H1S			Urban Economics • Calendar entry
	L0101		Stephan Heblich • Learning outcomes	W11-1, R2

	L0201		Stephan Heblich • Learning outcomes	W3-5, R3

	L5101		Stephan Heblich • Learning outcomes	W5-7, R4

ECO334H1S			The Political Economy of Media • Calendar entry
	L0101		Tianyi Wang • Learning outcomes	R2-5

	L5101		Tianyi Wang • Learning outcomes	R5-8

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	M6-9

ECO340H1S			Labour Economics: The Distribution of Earnings • Calendar entry
	L0101		Laura Turner • Learning outcomes	M2-4, R4-5

ECO342H1F			Twentieth Century Economic History: Institutions, Growth and Inequality • Calendar entry
	L5101		Kieran Furlong • outline • Learning outcomes	R6-8

ECO349H1F			Money, Banking and Financial Markets • Calendar entry
	L0101		George Georgopoulos • outline • Learning outcomes	T4-7

	L5101		Christopher D'Souza • website • outline • Learning outcomes	M6-9
		Gain a better understanding of the Canadian banking sector, financial markets and their interaction with the broader economy Increase familiarity with how financial markets, such as bond and stock markets, operate, and learn how they may promote economic efficiency Advance your understanding of the role of the central bank and how monetary policy can influence growth and fluctuations in the economy Learn about the functions of money, why and how it promotes economic efficiency, and discover how its form has evolved over time Gain a better understanding of how changes in interest rates affect consumers, businesses, financial institutions, and the overall economy Understand how foreign exchange markets operate and why exchange rates are important, and the main factors that affect exchange rates in the long run Advance your understanding of how financial systems around the world contributed to the decade-old global financial crisis and great recession
	L5201		Christopher D'Souza • website • Learning outcomes	R6-9
		Gain a better understanding of the Canadian banking sector, financial markets and their interaction with the broader economy Increase familiarity with how financial markets, such as bond and stock markets, operate, and learn how they may promote economic efficiency Advance your understanding of the role of the central bank and how monetary policy can influence growth and fluctuations in the economy Learn about the functions of money, why and how it promotes economic efficiency, and discover how its form has evolved over time Gain a better understanding of how changes in interest rates affect consumers, businesses, financial institutions, and the overall economy Understand how foreign exchange markets operate and why exchange rates are important, and the main factors that affect exchange rates in the long run Advance your understanding of how financial systems around the world contributed to the decade-old global financial crisis and great recession
ECO349H1S			Money, Banking and Financial Markets • Calendar entry
	L0101		No instructors assigned • Learning outcomes	R2-5

	L5101		Christopher D'Souza • Learning outcomes	T6-9
		Gain a better understanding of the Canadian banking sector, financial markets and their interaction with the broader economy Increase familiarity with how financial markets, such as bond and stock markets, operate, and learn how they may promote economic efficiency Advance your understanding of the role of the central bank and how monetary policy can influence growth and fluctuations in the economy Learn about the functions of money, why and how it promotes economic efficiency, and discover how its form has evolved over time Gain a better understanding of how changes in interest rates affect consumers, businesses, financial institutions, and the overall economy Understand how foreign exchange markets operate and why exchange rates are important, and the main factors that affect exchange rates in the long run Advance your understanding of how financial systems around the world contributed to the decade-old global financial crisis and great recession
ECO352H1S			Special Topics in Economics: Firms and the Economy • Calendar entry
	L0101		Olga Denislamova • Learning outcomes	R10-1

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

ECO358H1F			Financial Economics I • Calendar entry
	L0101		Runjing Lu • outline • Learning outcomes	T9-11

	L5101		Runjing Lu • Learning outcomes	T5-7

ECO358H1S			Financial Economics I • Calendar entry
	L5101		No instructors assigned • Learning outcomes	W6-9

ECO359H1S			Financial Economics II: Corporate Finance • Calendar entry
	L0101		Anton Tsoy • Learning outcomes	T9-11

	L0201		Anton Tsoy • Learning outcomes	T2-4

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

ECO364H1F			International Trade Theory • Calendar entry
	L0101		Shamil Sharapudinov • outline • Learning outcomes	M10-1

	L0201		Peter Morrow • outline • Learning outcomes	M2-5

	L5101		Shamil Sharapudinov • Learning outcomes	T5-8

ECO364H1S			International Trade Theory • Calendar entry
	L0101		No instructors assigned • Learning outcomes	M10-1

	L0201		No instructors assigned • Learning outcomes	M2-5

	L0301		Peter Morrow • Learning outcomes	T2-5

ECO365H1F			International Monetary Economics • Calendar entry
	L0101		Viktoriia Zezerova • outline • Learning outcomes	T2-5

	L0201		Viktoriia Zezerova • Learning outcomes	W2-5

	L5101		George Georgopoulos • outline • Learning outcomes	T6-9

ECO365H1S			International Monetary Economics • Calendar entry
	L0101		No instructors assigned • Learning outcomes	T2-5

	L5101		No instructors assigned • outline • Learning outcomes	R6-9

ECO369H1F			Health Economics • Calendar entry
	L0101		Karen Ugarte-Bravo • outline • Learning outcomes	T4-6, F3-5

	L0201		Karen Ugarte-Bravo • Learning outcomes	T6-8, F3-5

ECO369H1S			Health Economics • Calendar entry
	L5101		Michael Stepner • Learning outcomes	M5-8

ECO372H1F			Data Analysis and Applied Econometrics in Practice • Calendar entry
	L0101		Dina O'Brien • outline • Learning outcomes	W2-5

	L5101		Andrew Paulley • outline • Learning outcomes	W5-8

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 • Learning outcomes	W9-11, F11-12

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

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

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

ECO375H1S			Applied Econometrics I • Calendar entry
	L0101		Max Tabord-Meehan • Learning outcomes	T10-1

	L0201		Yuanyuan Wan • Learning outcomes	W9-11, F11-1

	L0301		Yuanyuan Wan • Learning outcomes	W1-3, F11-1

ECO380H1F			Markets, Competition, and Strategy • Calendar entry
	L0101		Yanyou Chen • outline • Learning outcomes	T2-5

	L0201		Yanyou Chen • outline • Learning outcomes	W2-5

ECO380H1S			Markets, Competition, and Strategy • Calendar entry
	L0101		No instructors assigned • Learning outcomes	T2-5

	L0201		No instructors assigned • Learning outcomes	W2-5

ECO403H1F			Topics in Development Economics and Policy • Calendar entry
	L0101		Gustavo Bobonis • outline • Learning outcomes	R9-12

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 • Learning outcomes	W1-4

ECO414H1S			Energy and Regulation • Calendar entry
	L0101		Adonis Yatchew • Learning outcomes	M10-1	WW126

	L0201		Adonis Yatchew • Learning outcomes	M3-5, T1-2	GB119 (Mon); OI2212 (Tu)

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

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 Recognize key facts about which countries have borrowed and lent from one another Identify the determinants of international borrowing and lending Identify the determinants of international borrowing and lending Identify the sources of exchange rate fluctuations Identify the sources of exchange rate fluctuations Translate real-world situations into the mathematical language of macroeconomic theory Translate real-world situations into the mathematical language of macroeconomic theory Analyze equilibrium outcomes numerically, algebraically, and graphically Analyze equilibrium outcomes numerically, algebraically, and graphically
ECO421H1F			Special Topics in Economics: Trade Policy • Calendar entry
	L0101		Peter Morrow • outline • Learning outcomes	T10-1

ECO421H1S			Special Topics in Economics: The Economics of the Middle East • Calendar entry
	L0101		Burhanettin Kuruscu • Learning outcomes	M2-5

ECO421H1S			Special Topics in Economics: Climate Change and Biodiversity • Calendar entry
	L0201		No instructors assigned • Learning outcomes	R2-5

ECO422H1F			Special Topics in Economics: Monetary Theory and Policy Analysis • Calendar entry
	L0101		Joao Ritto • outline • Learning outcomes	T10-1	AH 107

ECO422H1S			Special Topics in Economics: Monetary Theory and Policy Analysis • Calendar entry
	L0101		Joao Ritto • Learning outcomes	T2-5

ECO422H1S			Special Topics in Economics: Studying Social Science Questions with Big Data • Calendar entry
	L0201		Fatih Guvenen • Learning outcomes	W2-5

ECO428H1F			Classical Economic Thought • Calendar entry
	L0101		Kieran Furlong • outline • Learning outcomes	W3-5

ECO435H1F			The Economics of Modern China • Calendar entry
	L0101		Loren Brandt • outline • Learning outcomes	T1-4	WW121

ECO438H1F			Topics in Behavioural Economics • Calendar entry
	L0101		Yoram Halevy • outline • Learning outcomes	M1-4	WW126

ECO439H1F			Empirical Methods in Microeconomics • Calendar entry
	L0101		Kory Kroft • outline • Learning outcomes	T2-5

ECO439H1S			Empirical Methods in Microeconomics • Calendar entry
	L0101		Kory Kroft • Learning outcomes	T2-5

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	T10-1

ECO462H1F			Financial Econometrics • Calendar entry
	L0101		Christian Gourieroux • outline • Learning outcomes	R11-1	WW121

ECO475H1F			Applied Econometrics II • Calendar entry
	L0101		Max Tabord-Meehan • outline • Learning outcomes	R2-5

ECO475H1S			Applied Econometrics II • Calendar entry
	L0101		Max Tabord-Meehan • Learning outcomes	R2-5

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

ECO481H1S			Special Topics in Economics with Data Analytics: Climate Economics • Calendar entry
	L0101		Jeffrey Sun • Learning outcomes	T10-1

ECO482H1F			Machine Learning Applications in Macroeconomic Finance • Calendar entry
	L0101		Marlène Koffi • outline • Learning outcomes	M2-5

ECO482H1S			Machine Learning Applications in Macroeconomic Finance • Calendar entry
	L0101		No instructors assigned • Learning outcomes	R10-1

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

	L0201		Michael Stepner • 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 2025–2026