
Number 
Section 

Title, instructor 
Day, time 
Location 

ECO101H1F

Principles of Microeconomics
•
Calendar entry


L0101


Peter Foltin
•
outline
•
Learning outcomes

MWF10 
MS2158

 
 Be introduced to the economist’s way of thinking, specifically understanding the concepts of scarcity, tradeoffs, marginal reasoning, and incentives.
 Be able to apply these concepts in order to explain various economic and noneconomic events.
 Be able to apply these concepts when making their own decisionmaking.
 Be introduced to a number of canonical microeconomic models and be able to communicate their strengths and limitations.
 Be able to apply these models to novel situations and be able to understand their implications with regards to public policy issues.


L0201


James E. Pesando
•
outline
•
Learning outcomes

MWF11 
BT101

 


L0301


Robert Gazzale
•
website
•
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
•
website
•
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.


L0501


Peter Foltin
•
outline
•
Learning outcomes

T24, F10 
BT101

 
 Be introduced to the economist’s way of thinking, specifically understanding the concepts of scarcity, tradeoffs, marginal reasoning, and incentives.
 Be able to apply these concepts in order to explain various economic and noneconomic events.
 Be able to apply these concepts when making their own decisionmaking.
 Be introduced to a number of canonical microeconomic models and be able to communicate their strengths and limitations.
 Be able to apply these models to novel situations and be able to understand their implications with regards to public policy issues.


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
•
outline
•
Learning outcomes

W69 
Convocation Hall

 

ECO102H1S

Principles of Macroeconomics
•
Calendar entry


L0101


Loren Brandt
•
Learning outcomes

MWF10 
BT101

 


L0201


Loren Brandt
•
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.
 Describe and model the relationships between aggregate economic variables, including national output, the level of aggregate consumption and investment, interest rates, employment and unemployment, and the average level and rate of change of all prices.
 Explain how government policies influence the aggregate behaviour and performance of an economy.


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.
 Describe and model the relationships between aggregate economic variables, including national output, the level of aggregate consumption and investment, interest rates, employment and unemployment, and the average level and rate of change of all prices.
 Explain how government policies influence the aggregate behaviour and performance of an economy.


L0501


Peter Foltin
•
outline
•
Learning outcomes

T24, F10 
T BT101 ,F MS2158

 
 Be able to understand, explain, and analyze measures of macroeconomic activity.
 Be able to understand, explain, and analyze macroeconomic trends in the Canadian and the world economy.
 Be able to understand, explain, and analyze macroeconomic models that determine equilibrium in the market.
 Be able to understand, explain, and analyze how an economy moves through business cycles.
 Be able to understand, explain, and analyze how an economy grows in the long run.
 Be able to understand, explain, and analyze how government uses fiscal and monetary policies to achieve it’s shortterm and longterm macroeconomic goals.


L5101


William G. Wolfson
•
outline
•
Learning outcomes

M69 
MC102

 
 1. Introduce you to macroeconomic models and methods of analysis
 2. Help you to understand macroeconomic issues related to the economy in the aggregate and the impact of fiscal and monetary policies
 3. Develop your problemsolving skills, using course concepts
 4. Prepare you for higherlevel ECO courses, should you wish to enrol in them

ECO105Y1Y

Principles of Economics for Non Specialists
•
Calendar entry


L0101


Eric Kam
•
website
•
outline
•
Learning outcomes

M810, F11 
BT101

 


L9901


Avi J. Cohen
•
website
•
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.

SII199Y1Y

First Year Seminar


L0181


Kieran Furlong
•
Learning outcomes

M1012 
UC148

 


L0182


Masoud Anjomshoa
•
outline
•
Learning outcomes

R1012 
SS1078

 
  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 
SS2135

 
 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 GI; F SS2135

 
 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 
SS2118

 
 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


Robert McKeown
•
outline
•
Learning outcomes

M25 
SS2102

 
 solve intermediatelevel economic problems using theoretical models, algebra, and diagrams
 distinguish between shortrun and longrun models and outcomes
 analyze how different variables such as capital and productivity affect economic growth
 apply theory and empirical observation to critically analyze government policy
 evaluate the microeconomic foundations of macroeconomic models


L0201


Joseph Steinberg
•
outline
•
Learning outcomes

T1012, F11 
MB128

 
 Analyze equilibrium outcomes numerically, algebraically, and graphically
 Identify the determinants of longrun economic growth
 Explain how monetary and fiscal policy can be used to mitigate the effects of shortterm macroeconomic fluctuations
 Identify the components of a macroeconomic model and appreciate how models are used as lenses through which to view macroeconomic data
 Translate realworld situations into the mathematical language of macroeconomic theory
 Recognize the microeconomic foundations of macroeconomic theory


L5101


Robert McKeown
•
outline
•
Learning outcomes

M69 
SS2102

 
 solve intermediatelevel economic problems using theoretical models, algebra, and diagrams
 distinguish between shortrun and longrun models and outcomes
 analyze how different variables such as capital and productivity affect economic growth
 apply theory and empirical observation to critically analyze government policy
 evaluate the microeconomic foundations of macroeconomic models

ECO204Y1Y

Microeconomic Theory
•
Calendar entry


L0101


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

T111; F111 
T MS2172; F MS2158

 
 By the end of this course, students will be able to deploy constrained optimization, statistical, and analytical methods to modify and extend intermediate level micro theory towards a set of core, reallife, business economics applications.
 By the end of this course, students will have mastered models of (always based on reallife data and nontrivial applications): consumer choice, financial portfolios [including mutual funds consisting of actual assets], intertemporal consumption/savings, decision making under uncertainty [including MonteCarlo simulations of ‘forward’ and ‘backward’ induction], risk avoidance [including insurance and options with target probability of being in the money], producer behavior, cost analysis [including “activity based costing” and “accounting for frequent flyer programs”], pricing mechanisms [including nonlinear pricing and yield management], market analysis [including empirical competitive market supplycurve models and collusive oligopolies], and game theory.
 By the end of this course, students will know how to collect, clean, interpret, and use data from – to name a few – CRSP, FRED, StatsCan, and IMF/GEM.
 By the end of this course, students will be able to use Excel for external data collection/analysis, statistical/econometric analysis, constrained optimization, solving systems of equations, and MonteCarlo simulations.
 By the end of this course, students will be able to work cooperatively in groups to analyze, identify, formulate, articulate, and present (via business reports and PowerPoint presentations) a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to “map” micro theory jargon to reallife accounting and financial metrics and nomenclature.


L0201


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

T24; F111 
T BA1170; F MS2158

 
 By the end of this course, students will be able to deploy constrained optimization, statistical, and analytical methods to modify and extend intermediate level micro theory towards a set of core, reallife, business economics applications.
 By the end of this course, students will have mastered models of (always based on reallife data and nontrivial applications): consumer choice, financial portfolios [including mutual funds consisting of actual assets], intertemporal consumption/savings, decision making under uncertainty [including MonteCarlo simulations of ‘forward’ and ‘backward’ induction], risk avoidance [including insurance and options with target probability of being in the money], producer behavior, cost analysis [including “activity based costing” and “accounting for frequent flyer programs”], pricing mechanisms [including nonlinear pricing and yield management], market analysis [including empirical competitive market supplycurve models and collusive oligopolies], and game theory.
 By the end of this course, students will know how to collect, clean, interpret, and use data from – to name a few – CRSP, FRED, StatsCan, and IMF/GEM.
 By the end of this course, students will be able to use Excel for external data collection/analysis, statistical/econometric analysis, constrained optimization, solving systems of equations, and MonteCarlo simulations.
 By the end of this course, students will be able to work cooperatively in groups to analyze, identify, formulate, articulate, and present (via business reports and PowerPoint presentations) a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to “map” micro theory jargon to reallife accounting and financial metrics and nomenclature.


L0301


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W111; F24 
W MS2170; Winter SF1101; F NF003

 
 By the end of this course, students will be able to deploy constrained optimization, statistical, and analytical methods to modify and extend intermediate level micro theory towards a set of core, reallife, business economics applications.
 By the end of this course, students will have mastered models of (always based on reallife data and nontrivial applications): consumer choice, financial portfolios [including mutual funds consisting of actual assets], intertemporal consumption/savings, decision making under uncertainty [including MonteCarlo simulations of ‘forward’ and ‘backward’ induction], risk avoidance [including insurance and options with target probability of being in the money], producer behavior, cost analysis [including “activity based costing” and “accounting for frequent flyer programs”], pricing mechanisms [including nonlinear pricing and yield management], market analysis [including empirical competitive market supplycurve models and collusive oligopolies], and game theory.
 By the end of this course, students will know how to collect, clean, interpret, and use data from – to name a few – CRSP, FRED, StatsCan, and IMF/GEM.
 By the end of this course, students will be able to use Excel for external data collection/analysis, statistical/econometric analysis, constrained optimization, solving systems of equations, and MonteCarlo simulations.
 By the end of this course, students will be able to work cooperatively in groups to analyze, identify, formulate, articulate, and present (via business reports and PowerPoint presentations) a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to “map” micro theory jargon to reallife accounting and financial metrics and nomenclature.


L0401


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W24, F24 
W MS2170; NF003

 
 By the end of this course, students will be able to deploy constrained optimization, statistical, and analytical methods to modify and extend intermediate level micro theory towards a set of core, reallife, business economics applications.
 By the end of this course, students will have mastered models of (always based on reallife data and nontrivial applications): consumer choice, financial portfolios [including mutual funds consisting of actual assets], intertemporal consumption/savings, decision making under uncertainty [including MonteCarlo simulations of ‘forward’ and ‘backward’ induction], risk avoidance [including insurance and options with target probability of being in the money], producer behavior, cost analysis [including “activity based costing” and “accounting for frequent flyer programs”], pricing mechanisms [including nonlinear pricing and yield management], market analysis [including empirical competitive market supplycurve models and collusive oligopolies], and game theory.
 By the end of this course, students will know how to collect, clean, interpret, and use data from – to name a few – CRSP, FRED, StatsCan, and IMF/GEM.
 By the end of this course, students will be able to use Excel for external data collection/analysis, statistical/econometric analysis, constrained optimization, solving systems of equations, and MonteCarlo simulations.
 By the end of this course, students will be able to work cooperatively in groups to analyze, identify, formulate, articulate, and present (via business reports and PowerPoint presentations) a structured solution to the salient issue(s) in real life businesseconomics cases.
 By the end of this course, students will be able to “map” micro theory jargon to reallife accounting and financial metrics and nomenclature.


L0501


Peter Foltin
•
outline
•
Learning outcomes

R24, F122 
R OI2212; F BR200

 
 Be able to explain the microeconomic concepts using mathematics, graphs, or plain language.
 Be adept with setting up and solving constrained optimization problems, using either economic intuition or purely mathematical tools.
 Be able to explain how the structure of markets affect market outcomes.
 Apply game theoretic tools to a variety of environments with strategic interaction between rational agents in order to determine what are the selffulfilling outcomes of such environments.
 Be able to understand and communicate the role of asymmetric information in the strategic behaviour of agents participating in a variety of economic environments.
 Be able to apply the microeconomic tools developed in the course to situations related to business.


L5101


Peter Foltin
•
outline
•
Learning outcomes

R68; F122 
R MS2172; F BR200

 
 Be able to explain the microeconomic concepts using mathematics, graphs, or plain language.
 Be adept with setting up and solving constrained optimization problems, using either economic intuition or purely mathematical tools.
 Be able to explain how the structure of markets affect market outcomes.
 Apply game theoretic tools to a variety of environments with strategic interaction between rational agents in order to determine what are the selffulfilling outcomes of such environments.
 Be able to understand and communicate the role of asymmetric information in the strategic behaviour of agents participating in a variety of economic environments.
 Be able to apply the microeconomic tools developed in the course to situations related to business.

ECO206Y1Y

Microeconomic Theory
•
Calendar entry


L0101


Kripa Freitas
•
website
•
outline
•
Learning outcomes

W1012, R68 
WI1016; Winter LM162

 
 Explain the basic concepts of Microeconomics using math, graphs and clear English.
 Use the math tools with a high degree of proficiency
 Conduct wellstructured, logically consistent economic analysis and communicate their reasoning precisely in clear English.
 Problem solve using course concepts – i.e. when given a problem they have not seen before they should be able to setup a solution strategy, choose the appropriate tool, use it correctly and solve for the correct answer.
 Apply course concepts to a given real world situation– i.e. identify essential features, choose an appropriate framework, check if required assumptions hold and conduct analysis.
 Critically evaluate economic arguments – i.e. identify main arguments, identify and articulate how and why they depend on the assumptions made and explain how they would change when the assumptions are changed.


L0201


Kripa Freitas
•
website
•
outline
•
Learning outcomes

W24, R68 
RW117

 
 Explain the basic concepts of Microeconomics using math, graphs and clear English.
 Use the math tools with a high degree of proficiency
 Conduct wellstructured, logically consistent economic analysis and communicate their reasoning precisely in clear English.
 Problem solve using course concepts – i.e. when given a problem they have not seen before they should be able to setup a solution strategy, choose the appropriate tool, use it correctly and solve for the correct answer.
 Apply course concepts to a given real world situation– i.e. identify essential features, choose an appropriate framework, check if required assumptions hold and conduct analysis.
 Critically evaluate economic arguments – i.e. identify main arguments, identify and articulate how and why they depend on the assumptions made and explain how they would change when the assumptions are changed.


L5101


Kripa Freitas
•
website
•
outline
•
Learning outcomes

WR68 
SS1087

 
 Explain the basic concepts of Microeconomics using math, graphs and clear English.
 Use the math tools with a high degree of proficiency
 Conduct wellstructured, logically consistent economic analysis and communicate their reasoning precisely in clear English.
 Problem solve using course concepts – i.e. when given a problem they have not seen before they should be able to setup a solution strategy, choose the appropriate tool, use it correctly and solve for the correct answer.
 Apply course concepts to a given real world situation– i.e. identify essential features, choose an appropriate framework, check if required assumptions hold and conduct analysis.
 Critically evaluate economic arguments – i.e. identify main arguments, identify and articulate how and why they depend on the assumptions made and explain how they would change when the assumptions are changed.

ECO208Y1Y

Macroeconomic Theory
•
Calendar entry


L0101


Robert McKeown
•
outline
•
Learning outcomes

T111, F24 
RW110

 
 explain the theory underlying unemployment, inflation, productivity and exchange rates
 solve economic problems using calculus and diagrams
 derive economic models from underlying assumptions on the behaviour of consumers, firms, and government agencies.
 define and solve for the competitive equilibrium in a Dynamic General Equilibrium Model
 write a thoughtful, economic critical analysis of government policy using theory and empirical data.


L5101


Murat Celik
•
outline
•
Learning outcomes

MT68 
SS2108

 
 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 
EM001

 
 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 
BL205; Winter VC323

 
 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 
HS610; Winter RW110

 
 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 
EM001

 
 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
•
outline
•
Learning outcomes

W101 
UC161

 
 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
•
outline
•
Learning outcomes

M111,T69 
KP108

 


L0201


Patrick Blanchenay
•
outline
•
Learning outcomes

M24,T69 
SS2117

 
 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 conduct statistical analyses;
 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

W111,F911 
KP108; Winter F FG103,

 
 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


L0401


Jennifer Murdock
•
website
•
outline
•
Learning outcomes

W24,F911 
SS2117

 
 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


L0501


Jennifer Murdock
•
website
•
outline
•
Learning outcomes

T24,F911 
SS2135

 
 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


L5101


Patrick Blanchenay
•
outline
•
Learning outcomes

MT69 
SS2135

 
 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 conduct statistical analyses;
 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.

ECO227Y1Y

Quantitative Methods in Economics
•
Calendar entry


L0101


Ismael Mourifié
•
outline
•
Learning outcomes

R24, F10 
SS1085

 
 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 
WI1016

 
 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 
SS1085

 
 measure how a given transaction affects the four financial statements,
 analyse how accounting methods affect economic outcomes such as firm profitability, employee compensation, and government revenue,
 understand the accounting terminology that makesup the language of business,
 answer challenging questions to prepare you for professional designation exams.
 prepare you for further studies in financial economics

ECO305H1S

Economics of Accounting
•
Calendar entry


L0101


Robert McKeown
•
outline
•
Learning outcomes

W101 
WI1017

 
 measure how a given transaction affects the four financial statements,
 analyse how accounting methods affect economic outcomes such as firm profitability, employee compensation, and government revenue,
 understand the accounting terminology that makesup the language of business,
 answer challenging questions to prepare you for professional designation exams.
 prepare you for further studies in financial economics

ECO306H1F

American Economic History
•
Calendar entry


L0101


Shari Eli
•
outline
•
Learning outcomes

R123 
UC161

 
 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

ECO310H1S

Empirical Industrial Organization
•
Calendar entry


L0101


Jan Dee
•
outline
•
Learning outcomes

T24, R2 
SS1070

 

ECO313H1S

Environmental Economics and Policies
•
Calendar entry


L0101


Masoud Anjomshoa
•
outline
•
Learning outcomes

R25 
WI1016

 
 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 different techniques to assess benefits of the environmental services in order to elicit consumers willingness to pay, i.e. discover the demand for these services. These techniques include the contingent valuation method, travel cost method, hedonic price method, …
  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

ECO316H1F

Applied Game Theory
•
Calendar entry


L0101


Martin J. Osborne
•
website
•
outline
•
Learning outcomes

R1012, F13 
R MS2172; F ES1050

 
 Understand the main notions of equilibrium in strategic and extensive games, namely Nash equilibrium and subgame perfect equilibrium
 Understand the main concepts in game theory, including strategic games and extensive games with perfect information and with imperfect information
 Be able to find and analyze various solutions of games
 Be able to use game theoretic tools to model economic, political, and social situations


L0201


Martin J. Osborne
•
website
•
outline
•
Learning outcomes

R24, F13 
R MS2172; F ES1050

 
 Understand the main notions of equilibrium in strategic and extensive games, namely Nash equilibrium and subgame perfect equilibrium
 Understand the main concepts in game theory, including strategic games and extensive games with perfect information and with imperfect information
 Be able to find and analyze various solutions of games
 Be able to use game theoretic tools to model economic, political, and social situations

ECO320H1F

Economic Analysis of Law
•
Calendar entry


L0101


Robert Barber
•
outline
•
Learning outcomes

M11, R24 
UC140

 
 My primary goal for ECO 320H is to give the student a broad overview of the Canadian legal system through the lens of microeconomic theory.
 This is achieved by the application of microeconomic principles to common legal problems in torts, contracts, property rights and crime. No previous familiarity with the law is assumed.
 The course analyzes the choices of consumers, producers, institutions, and how these choices influence legal outcomes.
 It will explore how these choices are made by courts, tribunals, police, lawyers and clients and how these decision makers are affected by economics in market conditions and government interventions.
 By the end of this course, students will:
1. Be introduced to the economist’s way of thinking such as the understanding of law suits, legal remedies and precedents and how economics applies to them.
 2. Be able to apply these concepts to the decisionmaking of courts, tribunals, police, lawyers and clients.
 3. Apply the economic way of thinking to explain law related events using simple models that focus on important variables while setting aside unnecessary complications.
 4. Distinguish positive from normative claims about law related economic events and policies.
 5. Use microeconomic analysis to identify the tradeoffs, including intended and unintended consequences of the decisionmaking.
 6. Come to an informed opinion about the appropriate role of government and the courts in legal decisionmaking.

ECO320H1S

Economic Analysis of Law
•
Calendar entry


L0101


Robert Barber
•
outline
•
Learning outcomes

M11,R24 
M EM001; R VC323

 
 4. Distinguish positive from normative claims about law related economic events and policies.
 5. Use microeconomic analysis to identify the tradeoffs, including intended and unintended consequences of the decisionmaking.
 6. Come to an informed opinion about the appropriate role of government and the courts in legal decisionmaking.
 My primary goal for ECO 320H is to give the student a broad overview of the Canadian legal system through the lens of microeconomic theory.
 This is achieved by the application of microeconomic principles to common legal problems in torts, contracts, property rights and crime. No previous familiarity with the law is assumed.
 The course analyzes the choices of consumers, producers, institutions, and how these choices influence legal outcomes.
 It will explore how these choices are made by courts, tribunals, police, lawyers and clients and how these decision makers are affected by economics in market conditions and government interventions.
 By the end of this course, students will:
1. Be introduced to the economist’s way of thinking such as the understanding of law suits, legal remedies and precedents and how economics applies to them.
 2. Be able to apply these concepts to the decisionmaking of courts, tribunals, police, lawyers and clients.
 3. Apply the economic way of thinking to explain law related events using simple models that focus on important variables while setting aside unnecessary complications.

ECO321H1F

Canadian Economic History prior to 1850
•
Calendar entry


L0101


Gillian C. Hamilton
•
outline
•
Learning outcomes

R1012, F10 
GB303

 
 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
•
outline
•
Learning outcomes

R101 
VC115

 

ECO324H1F

Development Economics
•
Calendar entry


L0101


Kripa Freitas
•
website
•
outline
•
Learning outcomes

R24, F1012 
VC115

 
 Describe how economists approach and understand a broad set of topics in development.
 Explain basic economic mechanisms behind some observed outcomes
 Use economic tools to critically analyze arguments  Identify implicit and explicit assumptions, check validity of predictions and logical consistency, evaluate supporting evidence.
 Methodically work through the impact of a proposed policy articulating how and why it could affect outcomes, paying careful attention to the limits of the analysis and how the predictions depend on underlying assumptions.
 Understand and explain the role of evidence  what constitutes good evidence, issues in establishing causality, explaining data analysis conducted in articles
 Explore recent developments in a topic of interest independently and indepth.
o Apply course concepts to an openended real world setting,
o Conduct and communicate their economic analysis and associated nuances precisely, using simple English, to a wide range of audiences.
o Provide critical feedback to peers.

ECO325H1F

Advanced Economic Theory  Macro
•
Calendar entry


L0101


Michelle Alexopoulos
•
outline
•
Learning outcomes

T123 
SS2127

 
 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
•
outline
•
Learning outcomes

R69 
BL205

 
 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


Marcin Pęski
•
website
•
outline
•
Learning outcomes

M69 
SS2127

 
 Represent strategic situations as games. Demonstrate competence and understanding of simultaneous move games, extensive form games and games with incomplete information.
 Demonstante competence and understanding of basic solution concepts: dominance, equilibrium and subgame perfection.
 Discuss assumptions that underlie different approaches to solving the game. Use this knowledge to discuss the appropriateness of each of the solution concepts in a given strategic situation.

ECO326H1S

Advanced Economic Theory  Micro
•
Calendar entry


L0101


Marcin Pęski
•
website
•
outline
•
Learning outcomes

M101 
SS1087

 
 Represent strategic situations as games. Demonstrate competence and understanding of simultaneous move games, extensive form games and games with incomplete information.
 Demonstante competence and understanding of basic solution concepts: dominance, equilibrium and subgame perfection.
 Discuss assumptions that underlie different approaches to solving the game. Use this knowledge to discuss the appropriateness of each of the solution concepts in a given strategic situation.

ECO331H1S

Behavioural and Experimental Economics
•
Calendar entry


L0101


Robert Gazzale
•
outline
•
Learning outcomes

T25 
HA403

 
 Identify and explain key insights from behavioural economics.
 Identify and explain key features of a well designed humansubject experiment.
 Critically and carefully read and assess journal articles in the experimental economics literature using techniques covered in the course in order to assess both internal and external validity.
 Use extended written communication strategies to provide clear and concise descriptions, explanations and assessments of journal articles reporting the results of humansubject experiments.
 Communicate respectful and constructive peertopeer criticism, guidance and support.


L5101


Robert Gazzale
•
outline
•
Learning outcomes

T58 
HA403

 
 Identify and explain key insights from behavioural economics.
 Identify and explain key features of a well designed humansubject experiment.
 Critically and carefully read and assess journal articles in the experimental economics literature using techniques covered in the course in order to assess both internal and external validity.
 Use extended written communication strategies to provide clear and concise descriptions, explanations and assessments of journal articles reporting the results of humansubject experiments.
 Communicate respectful and constructive peertopeer criticism, guidance and support.

ECO332H1F

Economics of Family
•
Calendar entry


L0101


Aloysius Siow
•
outline
•
Learning outcomes

RF911 
R BL205; F SS1073

 
 Learn how economists contribute to understanding behaviour of families relative to other disciplines.
 Learn how economists do empirical testing of models of family behaviour.
 This is an intermediate level course which requires intermediate microeconomics and introductory econometrics.

ECO333H1F

Urban Economics
•
Calendar entry


L0101


Jonathan Hall
•
outline
•
Learning outcomes

R1012, F10 
R SS2117; F RW110

 
 Explain the fundamental economic forces causing cities to exist
 Explain the fundamental economic tradeoffs driving urban spatial structure, and use this understanding to explain differences within and across cities
 Understand the key issues in urban transportation, be able to explain the tradeoffs between different transportation systems, and analyze how different government policies affect mobility within cities
 Analyze how different government policies affect the housing market


L0201


Jonathan Hall
•
outline
•
Learning outcomes

R122, F11 
R BL205; F RW110

 
 Explain the fundamental economic forces causing cities to exist
 Explain the fundamental economic tradeoffs driving urban spatial structure, and use this understanding to explain differences within and across cities
 Understand the key issues in urban transportation, be able to explain the tradeoffs between different transportation systems, and analyze how different government policies affect mobility within cities
 Analyze how different government policies affect the housing market

ECO334H1S

Political Economy
•
Calendar entry


L0101


Yosh Halberstam
•
outline
•
Learning outcomes

R25 
VC115

 
 Model beliefs and the updating process that follows exposure to new 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
•
website
•
outline
•
Learning outcomes

T13, R2 
UC244

 
 Using theoretical and empirical tools
 Awareness of current issues, debates and insights.

ECO337H1F

Public Economics (for Commerce)
•
Calendar entry


L0101


Michael Smart
•
website
•
outline
•
Learning outcomes

T1012, R10 
T UC A101, R UC179

 
 Using theoretical and empirical tools
 Awareness of current issues, debates and insights.

ECO338H1F

Economics of Careers
•
Calendar entry


L0101


Aloysius Siow
•
outline
•
Learning outcomes

T911, F111 
ES B142

 
 Apply intermediate microeconomics to studying the economics of careers which are relevant to third and fourth year undergraduates.
 There is a paper which requires an interview of a recent college graduate about their job.

ECO339H1F

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


L0101


Michael Baker
•
outline
•
Learning outcomes

T1012, F10 
MP137

 
 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
 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
 Skills to apply the economic models of labour supply and labour demand to policy issues such as social assistance and minimum wages

ECO340H1S

Labour Economics: The Distribution of Earnings
•
Calendar entry


L0101


Michael Baker
•
outline
•
Learning outcomes

T1012, F10 
SS2127

 
 Command of microeconomic theory as it applies to compensating wage differentials, human capital investment, labour market discrimination and unions
 Skills necessary to interpret empirical evidence of compensating wage differentials, the returns to human capital investment, evidence of labour market discrimination and the impacts of unions
 Knowledge of basic descriptive statistics of how wages/earnings vary across different groups within the Canadian labour market and their values in comparison to those in other countries
 Skills to apply the economic models of wage variation in the Canadian labour market to policies such as mandatory schooling laws and pay equity.

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, R2 
UC179

 
 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
•
outline
•
Learning outcomes

T1012, R2 
T SS2117; R NL6

 

ECO349H1F

Money, Banking, and Financial Markets
•
Calendar entry


L0101


Angelo Melino
•
outline
•
Learning outcomes

W47 
SS2102

 
 Understand the evolution and role of money and the payment system
 Review the major financial markets, securities, and participants in Canada
 An introduction to asset pricing with emphasis on the arithmetic of pricing debt instruments in a riskfree environment, and the economic forces that shape the term structure of interest rates
 Understand the role that technology, asymmetric information, and regulation play in shaping financial institutions and markets in Canada
 Review what happened in the Great Financial Crisis of 20072009 and why Canada's experience was different from that of the US
 What should the Bank of Canada do, what does it do, and how does it implement its policy

ECO349H1S

Money, Banking, and Financial Markets
•
Calendar entry


L0101


George Georgopoulos
•
outline
•
Learning outcomes

W47 
SS2117

 
 Understand the economic structure of financial markets and institutions;
 Identify the central role of information economics on the proper functioning of financial markets, along with understanding the causes of financial crises;
 Understand the central role of wellfunctioning financial markets in contributing to economic growth and the well being of a country;
 To understand the role of monetary theory and the Central Bank in financial markets;
 To have up to date knowledge of the current events in the Canadian and rest of word financial systems;
 Properly analyze and communicate current issues in financial markets.

ECO358H1F

Financial Economics I
•
Calendar entry


L0101


Ekaterina Malinova
•
outline
•
Learning outcomes

T25 
LM161

 
 Obtain financial literacy in interest rates, time value of money and riskreturn tradeoffs.
 Value financial products such as bonds and stocks using standard asset pricing models.
 Understand the functioning of financial markets and financial securities such as stocks, bonds, and derivatives.
 Construct optimal portfolios based on the meanvariance expected utility theory.
 Identify the implications of empirical tests of asset pricing models and market efficiency on existing theories and industry practices.


L5101


Ekaterina Malinova
•
outline
•
Learning outcomes

T58 
NF003

 
 Obtain financial literacy in interest rates, time value of money and riskreturn tradeoffs.
 Value financial products such as bonds and stocks using standard asset pricing models.
 Understand the functioning of financial markets and financial securities such as stocks, bonds, and derivatives.
 Construct optimal portfolios based on the meanvariance expected utility theory.
 Identify the implications of empirical tests of asset pricing models and market efficiency on existing theories and industry practices.

ECO359H1S

Financial Economics II
•
Calendar entry


L5101


Michael Ho
•
outline
•
Learning outcomes

M58 
BL205

 


L5201


Michael Ho
•
outline
•
Learning outcomes

W69 
SS2135

 

ECO362H1F

Economic Growth
•
Calendar entry


L0101


Stephen Ayerst
•
outline
•
Learning outcomes

W101 
SS1087

 

ECO364H1F

International Trade
•
Calendar entry


L0101


Kevin Lim
•
outline
•
Learning outcomes

R101 
SS2135

 


L0201


Kevin Lim
•
outline
•
Learning outcomes

R25 
SS2102

 

ECO364H1S

International Trade
•
Calendar entry


L0101


Peter Morrow
•
outline
•
Learning outcomes

F101 
SS2102

 
 Basic literacy of trade data including how trade has changed over the past 50 years, what commodities various countries specialize in, and who are the most important trade partners for a given country.
 Understand classic model of international trade that influence economists' belief that trade is good while also understanding the limitations of those models.
 Understand how various models do or do not provide explanations for observed phenomena including changes in inequality and the relationship between trade and growth.
 How current (i.e 2018) political events are affecting the landscape of international trade as it pertains to political economy and preferential trade agreements.
 Basic problem solving skilled and allow students to extrapolate and extend models on their own.


L5101


Kunal Dasgupta
•
website
•
outline
•
Learning outcomes

T58 
SS2118

 

ECO365H1F

International Monetary Economics
•
Calendar entry


L0101


Kunal Dasgupta
•
outline
•
Learning outcomes

R25 
SS2118

 
 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


Kunal Dasgupta
•
outline
•
Learning outcomes

R69 
SS2102

 
 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.

ECO365H1S

International Monetary Economics
•
Calendar entry


L0101


Jordi Mondria
•
outline
•
Learning outcomes

T101 
KP108

 
 provide analytical frameworks to gain an understanding current policy issues
 provide a model to understand the determinants of exchange rate movements
 apply models in international macroeconomics to analyze readings about recent events


L0201


Kevin Lim
•
Learning outcomes

T25 
WI1016

 
 Become familiar with macroeconomic models of open economies.
 Apply knowledge of open economy macroeconomic models to analyze realworld issues in international monetary economics, such as exchange rate fluctuations, currency crises, and financial globalization.

ECO368H1S

Economics of Conflict
•
Calendar entry


L0101


Paola Salardi
•
outline
•
Learning outcomes

T25 
ES4001

 
 CONTENT:
• Defining and categorize war / terror / conflict etc.;
• Describe the assumptions and characteristics of the main economic models to understand conflicts;
• Identify the state of the art of the economics of conflict literature.
SKILLS:
• Select the sources of information and data on civil conflicts and political violence
• Be able to do a literature research on applied topics related to conflict;
• Analyze qualitative and quantitative data and explain how evidence gathered supports or refutes an initial hypothesis;
• Develop a critical approach to methods employed in the literature.
VALUES:
• Improve presentation skills and more broadly communication skills;
• Work cooperatively in a small group environment;
• Deal with emotionally challenging events.

ECO372H1F

Applied Regression Analysis and Empirical Papers
•
Calendar entry


L0101


Patrick Blanchenay
•
outline
•
Learning outcomes

W46, F122 
VC215

 
 Understand the notion of causality, and its importance in empirical research.
 Identify and compare five strategies that can be used to answer causal questions empirically: random assignment, regressions, instrumental variables, regression discontinuity design, and differenceindifference.
 Clearly articulate each method's benefits and limitations.
 Become familiar with empirical papers that have used these methods to answer questions causally in various fields of economics.
 Use your understanding of the methods to assess the validity and quality of empirical studies.
 Learn and practice how to apply these methods using actual datasets, with handson use of statistical software STATA.

ECO372H1S

Applied Regression Analysis and Empirical Papers
•
Calendar entry


L0201


Patrick Blanchenay
•
outline
•
Learning outcomes

T25 
SS2106

 
 Understand the notion of causality, and its importance in empirical research.
 Identify and compare five strategies that can be used to answer causal questions empirically: random assignment, regressions, instrumental variables, regression discontinuity design, and differenceindifference.
 Clearly articulate each method's benefits and limitations.
 Become familiar with empirical papers that have used these methods to answer questions causally in various fields of economics.
 Use your understanding of the methods to assess the validity and quality of empirical studies.
 Learn and practice how to apply these methods using actual datasets, with handson use of statistical software STATA.

ECO374H1F

Applied Econometrics (for Commerce)
•
Calendar entry


L0101


Yuanyuan Wan
•
outline
•
Learning outcomes

W1012, F10 
SS2110

 
 Understand the fundamentals of statistical concepts and existing econometric theory (within the scope of course coverage).
 Acquire and enhance analytic skills which are the basis to implement econometric tools and also useful in students' future studies in Economics.
 Develop ability to connect econometric models/theory/tools to reallife economic problems and suitable economic theory.

ECO374H1S

Applied Econometrics (for Commerce)
•
Calendar entry


L0101


Yuanyuan Wan
•
Learning outcomes

W1012, F10 
SS2125

 
 Understand the fundamentals of statistical concepts and existing econometric theory (within the scope of course coverage).
 Acquire and enhance analytic skills which are the basis to implement econometric tools and also useful in students' future studies in Economics.
 Develop ability to connect econometric models/theory/tools to reallife economic problems and suitable economic theory.

ECO375H1F

Applied Econometrics I
•
Calendar entry


L0101


Jonathan P. Beauchamp
•
outline
•
Learning outcomes

R911, F111 
R SS1069; F SS2117

 
 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 SS1071; F SS2117

 
 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

ECO375H1S

Applied Econometrics I
•
Calendar entry


L0101


Martin Burda
•
outline
•
Learning outcomes

R1012, F11 
UC161

 
 Specify multiple regression models to gain insight into economic questions and interpret results from the estimation of such models
 Use matrix algebra in analyzing theoretical properties of regression analysis
 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

ECO380H1F

Markets, Competition, and Strategy
•
Calendar entry


L0101


John McNeill
•
outline
•
Learning outcomes

W101 
RW117

 
 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 
SS2118

 
 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
•
outline
•
Learning outcomes

W25 
FG103

 
 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.

ECO381H1S

Personnel Economics
•
Calendar entry


L0101


Arthur J. Hosios
•
outline
•
Learning outcomes

W1012, F24 
SS1083

 
 Describe the structure and assumptions of the standard models used in personnel economics, including those involving information asymmetries, and explain how the models' predictions change when the standard assumptions are relaxed.
 Provide clear and concise explanations of the fundamental economic intuition associated with the articulation and resolution of personnel problems, including hiring, training, incentive compensation, promotions, team production and HRM synergies.
 Appreciate the importance of econometric models in testing hypotheses concerning different economic phenomena in the workplace.

ECO401H1S

Topics in Economic Policy
•
Calendar entry


L0101


Linda Wang
•
outline
•
Learning outcomes

M1012, F1 
BA3012

 

ECO402H1S

Topics in Health Economics
•
Calendar entry


L0101


Shari Eli
•
outline
•
Learning outcomes

R123 
ES4000

 
 1) Depth and Breadth of Knowledge
(i) Using tools from econometrics and economics
(ii) Learning about current debates on the provision of health care and public policy related to health issues
 (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

ECO403H1F

Topics in Development Economics and Policy
•
Calendar entry


L0101


Gustavo Bobonis
•
outline
•
Learning outcomes

M24, F2 
M NF007; F SS2108

 
 Students learn how one can apply economic concepts learned in the core sequence to real world problems in international development policy, and the general ideas in the field.
 Students learn how the discipline carries out empirical research, how to employ data to better understand aspects of economic behaviour applicable to development. Specifically, students learn applications of the research methods used in the field.
 Students gain practical experience in development economics research. They complete a group research project, with scaffold assignments on it: (i) a research project review and planned research to address a selected question; (ii) a class presentation; and (iii) a group research paper.

ECO403H1S

Topics in Development Economics and Policy
•
Calendar entry


L0101


Arthur Blouin
•
Learning outcomes

T1012, R10 
OI5270

 
 Critically assess the methods and implications of existing empirical analyses of microeconomic and macroeconomic data associated with key development issues
 Apply basic econometric methods to identify causal relationships in available economic data associated with key development issues.
 Explain specific economic problems faced by individuals in developing countries and formulate possible policy responses based on formal economic reasoning and empirical analysis.
 Use the analytical tools associated with institutional economics to provide theoretical analyses of key issues faced by individuals in developing countries.

ECO404H1F

Topics in Managerial Economics
•
Calendar entry


L5101


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W58 
TC24

 

ECO404H1S

Topics in Managerial Economics
•
Calendar entry


L5101


Ajaz Hussain
•
website
•
outline
•
Learning outcomes

W58 
SK 222

 
 By the end of this course, students will be able to analyze, identify, formulate appropriate econometric models, articulate, and present a structured solution to the salient issue(s) in real life businesseconomics cases (such as Valuing financial assets;Potential synergies from generating hazardous waste; “Forward” and “backwards” approaches to making decisions under uncertainty; Managing price erosion at a company; Hedging against price volatility of a commodity for there are no financial derivatives; Analyzing the (in)effectiveness of marketing campaigns; Attributing mutual fund manager performance to ‘pedigree vs. grit’; Valuing a Leveraged Buyout (LBO) with variable capital structure in the short run; Bidding strategies on a complex auction of a CopperZinc mine involving forecasting commodity prices via Brownian motion processes; Game theoretic analysis of future price wars).
 By the end of this course, students will be able to work cooperatively in a small group environment to deliver presentations, develop quantitative models, and write business reports
 By the end of this course, students will be know how to collect, clean, interpret, and use data from – to name a few – CRSP, FRED, StatsCan, and IMF/GEM, use Excel for external data collection/analysis, statistical/econometric analysis, constrained optimization, solving systems of equations, and MonteCarlo simulations, and use industrystandard software for advanced econometric/statistical analysis.

ECO406H1S

Developmental Macroeconomics
•
Calendar entry


L0101


Gustavo Indart
•
website
•
outline
•
Learning outcomes

R101 
EM119

 
 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 
SS1071

 
 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.

ECO410H1F

Mergers and Competition Policy
•
Calendar entry


L0101


Jennifer Murdock
•
website
•
outline
•
Learning outcomes

TR111 
LA211

 
 Evaluate the competitive implications of horizontal mergers (mergers amongst competitors) by gathering relevant industry information and applying appropriate economic theory
 Know both the Canadian Merger Enforcement Guidelines and the U.S. Horizontal Merger Guidelines, including how these relate to classic oligopoly models
 Work with classic oligopoly models (e.g. Cournot, Bertrand)  including solving models using game theory and the Nash Equilibrium solution concept  and judge their relevance in understanding specific realworld industries
 Use Excel to conduct merger simulations
 Delineate antitrust markets using the hypothetical monopolist test, with either quantitative or qualitative information
 Identify valid economic theories of harm from a horizontal merger and assess the likely severity of each
 Evaluate cognizable efficiencies and entry, which may counteract competitive harms
 Capably read sources written by economists, which sometimes include errors small and large, noting the organizing structure and staying mindful of the main messages even when immersed in technical details
 Critically evaluate the economic arguments and evidence that appear in a variety of course readings from book chapters, to academic journal articles, to expert economic testimony for mergers challenged in court
 Proficiently read and critically assess empirical journal articles that use a range of methods including multiple regression (differenceindifference approach) for merger retrospective studies and advanced econometric techniques (e.g. instrumental variables) for demand estimation, which includes interpreting estimation results in key tables and/or figures
 Figure out when endogeneity will create serious problems for estimating parameters (e.g. of the demand curve), explain the implications and describe the remedies and their limitations
 Take a clear position on challenging questions where there is genuine disagreement amongst economists, while identifying and confronting major counterarguments/evidence and wrestling with complexity
 Find and properly cite a variety of respected academic, industry, and popular press sources that are relevant in assessing a horizontal merger
 Effectively integrate sources, evidence, and compelling arguments into your analyses, while avoiding distracting your audience with anything unreliable, tangential, or irrelevant, and achieving good balance: important/complex points get most attention
 Effectively communicate your original critical thinking to others both in writing and orally, going beyond merely reporting others’ opinions and not overly relying on a single source
 Compose coherent, concise, and clear written analyses

ECO416H1S

Macroeconometric Models for Policy Analysis and Forecasting
•
Calendar entry


L0101


Peter Dungan
•
outline
•
Learning outcomes

R35 
CR404

 

ECO417H1S

Economic Development Policy: Community Engaged Learning
•
Calendar entry


L0101


Kripa Freitas
•
website
•
outline
•
Learning outcomes

T123 
OI2198

 
 Characterize the main issues and mechanisms for a broad set of topics in economic development. They will construct concept maps to show patterns of connections between these topics, identifying conceptual similarities and differences.
 Use an economic framework to analyze the effects of policies using case studies, being careful to identify contextspecific factors relevant to policy implementation.
 Identify and critically evaluate framework assumptions informed by empirical evidence and demonstrate this skill in their assignments and class discussions.
 Explain what constitutes good evidence and why. Describe the role of randomized evaluations in development highlighting strengths and weaknesses of the tool.
 Make policy recommendations, explaining their reasoning and decisionmaking criterion in an assignment. Important elements will include measurement issues, sources of data and empirical analysis.
 Link their experiential and inclass learning through a group final project that analyzes the implementation of a particular intervention. Important elements will include choosing outcome measures, identifying theoretical mechanisms through which the policy is expected to work, identifying contextspecific implementation factors and a plan to evaluate the effectiveness of the implementation.
 Use reflection assignments and team feedback to identify workplace skills strengths and areas for improvement.
 Develop workplace skills, e.g. collaboration skills by working on a group project, the ability to effectively give and respond to feedback and communication skills through writing, an infographic assignment and oral presentations.
 Learn about development related issues in Toronto, innovative responses to them and issues a professional working in the field might face through their placement, reflection assignments, and structured group discussions.

ECO418H1F

Empirical Applications of Economic Theory
•
Calendar entry


L0101


Yao Luo
•
outline
•
Learning outcomes

T47 
UC87

 
 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 
NF004

 
 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

ECO421H1S

Special Topics in Economics, Economics of Information
•
Calendar entry


L0101


Marcin Pęski
•
website
•
outline
•
Learning outcomes

M25 
FE 135

 
 Represent situations with incomplete information with knowledge and belief type spaces. Use analytical tools (knowledge operators, Bayesian updating) to discuss information that players have about the world and about each other.
 Represent strategic situations as normal or extensive form games. Demonstrate competence and understaning of basic game theoretic solution concepts like Bayesian Nash equilibrium, and Perfect Bayesian equilibrium.
 Distinguish between different types of models with incomplete information (adverse selection, signalling, moral hazard, reputation). Discuss ways how incomplete information can affect strategic analysis.
 Use analytical tools to build a gametheoretic model of a real world situation with incomplete information. Be able to distinguish between important and irrelevant elements of the real world description and focus on the former when building the model.

ECO422H1F

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


L0101


Karen BernhardtWalther
•
outline
•
Learning outcomes

W14 
SS1087

 
 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


L0101


Yoram Halevy
•
outline
•
Learning outcomes

T911, M57 Note: M57 (tutorial) 
RW143, RW143

 
 Understand the flexibility and limitations of the economic approach to modeling behaviour.
 Know how to use existing behavioural models to understand new economic phenomena.
 Know to design experiments to evaluate a proposed behavioural model.
 Know to evaluate research in Economics and disciplines related to behavioural research.
 Be able to pose a novel research question, design plan to investigate it and conjecture how to answer it.

ECO422H1S

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


L0201


Karen BernhardtWalther
•
outline
•
Learning outcomes

W14 
RW140

 
 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

ECO423H1S

Economics and Biosocial Data
•
Calendar entry


L0101


Jonathan P. Beauchamp
•
Learning outcomes

F912 
LA214

 
 Critically assess, both orally and in writing, economic research that uses genetic, neuroscientific, and other biosocial data to address questions of interest to economists.
 Understand and estimate econometric models that disentangle genetic and environmental influences on economic traits, and appreciate the evidence pointing to the importance of both sets of influences for most economic preferences and outcomes.
 Critically assess the policy implications, or lack thereof, of the existence of genetic and environmental influences on economic traits; appreciate that the relative importance of genetic vs. environmental influences on a trait is contingent on the environment, and is not always informative about the possibility of ameliorating the trait through policy.
 Use econometric methods to estimate the effects of genetic variants on economic preferences and outcomes; to test for interactions between genetic factors and environmental variables; and to use molecular genetic data as instrumental variables.
 Be acquainted with research that leverages neuroscientific data and methods to derive better models of economic decision making.

ECO426H1F

Market Design
•
Calendar entry


L0101


Colin Stewart
•
outline
•
Learning outcomes

W24 
OI8280

 
 Apply gametheoretic tools to predict the outcomes of various auction formats for single and multiple objects
 Demonstrate knowledge of matching algorithms and their properties
 Identify relevant goals in market design problems and use a theoretical framework to assess whether and how those goals may be achieved
 Explain the key features of a number of realworld market designs, their theoretical basis, and issues that existing theory does not adequately address

ECO428H1F

Classical Economic Thought
•
Calendar entry


L0101


Kieran Furlong
•
outline
•
Learning outcomes

W912 
UC179

 

ECO429H1S

Economic Thought after 1870
•
Calendar entry


L0101


Kieran Furlong
•
outline
•
Learning outcomes

W912 
UC244

 

ECO435H1F

Economic Development of China
•
Calendar entry


L0101


Loren Brandt
•
outline
•
Learning outcomes

T25 
VC115

 

ECO439H1S

Empirical Methods in Microeconomics
•
Calendar entry


L0101


Arthur Blouin
•
Learning outcomes

T35, R3 
RL14081

 
 Apply state of the art econometric methods to identify causal relationships in available economic data associated with key economic issues.
 Develop empirical projects, including decisionmaking regarding empirical strategy, data collection, empirical modelling.
 Assess the quality of work at the research frontier, in applied microeconomics.
 Present and defend decisions made in original research projects to a critical audience.
 Appropriately employ statistical and econometric software for empirical analysis.

ECO446H1S

Advanced Public Economics
•
Calendar entry


L0101


Michael Smart
•
Learning outcomes

T13 
BL114

 

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
•
outline
•
Learning outcomes

T912 
BA2195

 
 When you finish this course, you will learn:
What are derivatives, how they are priced and how they are used to manage risk:
What Greek letters are and how they are used to hedge risk
Value at risk (VaR), what it means and how it is estimated
Credit Risk Management – How credit default is estimated
Credit Risk Management – How credit Risk is measured
Credit Derivatives – How and why Credit Default Swaps (CDS) are used.
The elements of the financial crisis of 2007.
You will further learn how to use computer to estimate and manage the risk of a portfolio.

ECO462H1F

Financial Econometrics
•
Calendar entry


L0101


Christian Gourieroux
•
outline
•
Learning outcomes

R111 
SK720

 
 analyze financial returns and volatilities
 learn portfolio management
 risk control and computation of reserves
 introduction to credit risk

ENV462H1S

nergy and Environment: Economics, Politics, and Sustainability


L0101


Adonis Yatchew
•
Learning outcomes

T24 

 

ECO463H1F

Financial Market Microstructure
•
Calendar entry


L0101


Ekaterina Malinova
•
outline
•
Learning outcomes

T1012, W6 Note: W67 (Tutorial) 
RW143, SS1074

 
 Understand the theoretical and practical microfoundations of securities trading, including trading arrangements, functioning of markets, price formation protocols, and market regulations
 Demonstrate understanding of canonical theoretical models on trader behavior in financial markets.
 Identify an applied research question and conduct an empirical analysis, using highfrequency, quantitative data.
 Critically assess and reflect on recent academic work in the field, articulate the policy and regulatory implications.
 Evaluate the impact of financial market innovations and regulations, using economic theory and econometric tools.

ECO464H1F

Empirical Financial Economics
•
Calendar entry


L0101


Peter Cziraki
•
outline
•
Learning outcomes

F14 
WO25

 
 Develop an understanding of the concept of the “ideal experiment” in empirical research, and how endogeneity issues can (or cannot) be dealt with in various reallife settings.
 Apply econometric methods such as calculating abnormal returns, instrumental variables estimation, differenceindifferences, regression discontinuity, selection models, and propensity score matching to timely questions in financial markets and corporate finance.
 Gain handson experience with the entire process of empirical analysis and writing up conclusions through a customized empirical project.

ECO465H1F

International Finance
•
Calendar entry


L0101


Jordi Mondria
•
outline
•
Learning outcomes

T1012, R10 
T OI2214; R OI8220

 
 provide analytical frameworks to gain an understanding of recent events and current
policy issues
 provide an introduction to research in international finance
 analyze data to test theories in international finance

ECO466H1F

Empirical Macroeconomics and Policy
•
Calendar entry


L0101


Michelle Alexopoulos
•
outline
•
Martin Burda
•
outline
•
Learning outcomes

TR1012 
SS581

 
 Characterize concepts of time series dependence (covariance stationarity, weak dependence)
 Use sample autocorrelation function in statistical software for empirical assessment of dependence in real world 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
 Gain familiarity with simple real and monetary business cycle models
 Gain familiarity with causes of business cycles in Canada and the U.S.
 Research and present monetary policy recommendations for the Bank of Canada
 Gain competence in working with macroeconomic data and presenting basic facts to support economic analysis

ECO475H1S

Applied Econometrics II
•
Calendar entry


L0101


Ismael Mourifié
•
outline
•
Learning outcomes

R1012, F11 
SS2106

 
 Learn recent econometrics methods useful for applied researchers.
 Develop enough technical skills to be able to read and understand
methodbased econometrics textbooks/papers.
 Learn how to interpret econometric assumptions.
 Explore an interesting economic question.
 Learn how to use econometric tools to answer this question.
 Data gathering, uploading, cleaning.
 Learn how to use Stata, read and interprets Stata results.

ECO499H1Y

Honours Essay in Applied Microeconomics
•
Calendar entry


L0101


Robert Gazzale
•
outline
•
Learning outcomes

R25 
SK348

 
 Articulate a well formed research question that is amenable to quantitative and qualitative economic investigation.
 Read, analyze and exploit the tools and techniques drawn from a variety of theoretical and empirical economic texts.
 Select and correctly apply appropriate analytical and empirical economic approaches to investigate research questions from a variety of economic contexts.
 Articulate an appropriate resolution to research questions, while recognizing the limitations and constraints inherent in any proposed resolution.
 Use extended written communication strategies to provide clear and concise descriptions and explanations of empirical economic investigations.
 Engage in constructive, respectful and articulate communication with a research supervisor on issues related to the selection of a research question, investigation of relevant literature, theoretical and empirical methodological choice and research findings.
