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Undergraduate Programs

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Associate Chair, Undergraduate affairs


Undergraduate administrator


Office hours:
Monday to Friday:
9 - 10:30A.M.
1:30 - 2:45 P.M.

Undergraduate coordinator,
Rotman Commerce & Student Life


Office hours:
Monday to Wednesday:
10 to 11:30 A.M.
2 to 3:30 P.M.
Thursday to Friday:
10 to 11:30 A.M.

Undergraduate assistant



Message from the Associate Chair

Welcome to the undergraduate Economics website for prospective and current students. On these pages, you will find information about our programs and courses, as well as other useful resources and links. Read more...

In The News

New Courses 2017-2018

The department is pleased to offer the following new courses in 2017/18 Fall/Winter session. Please visit the Calendar for detailed descriptions and prerequisites, etc.

ECO305H1F&S, Economics of Accounting, taught by R.McKeown;

ECO372H1F&S, Applied Regression Analysis and Empirical Papers, taught by D.Benjamin and P. Blanchenay;

ECO406H1S, Developmental Macroeconomics, taught by G. Indart;

ECO417H1S, Economic Development Policy: Community Engaged Learning, taught by K.Freitas;

ECO419H1F, International Macroeconomics, taught by by J. Steinberg;

ECO423H1S, Economics and Biosocial Data, taught by J. Beauchamp;

ECO466H1F, Empirical Macroeconomics and Policy, taught by M.Alexopoulos and M. Burda to prepare students for the Bank of Canada Governor's Challenge;

ECO499H1Y - Honours Essay in Applied Microeconomics; taught by B.Gazzale. To apply for ECO499H1Y, please email Prof. Gazzale:

1. PDF copy of your unofficial transcript.

2. Briefly (in less than one page), please tell us:
a) Why do you want to take ECO499 (Honours Essay in Applied Microeconomics)?
b) Any thoughts you have on the topic you are likely to choose for your original research paper. Please make sure to let us know if your topic is inspired by your previous coursework, and if you have already spoken to a member of the Economics department about your ideas.

Special topics courses:

ECO 421H1S, Economics of Information,
taught by M. Peski, M2-5

This course examines the role and the use of information in strategic situations. The class will expand on the material covered in game theory classes and illustrate it with applications. Topics include communication, signalling, building reputations, deception, etc.

Prerequisites: ECO316H1(60%)/ECO326H1/CSC200Y1

ECO 422H1S/3140H1S, Topics in Behavioural Economics,
taught by Y. Halevy; T9-11, M5-7

Behavioural Economics is a relatively new field that incorporates insights gained from Psychological, Experimental and Neuroscientific studies. Research methods adapted from behavioural economics are now being employed in virtually every field in economics. The course will cover the main themes in behavioral economics: individual choices under risk and uncertainty, reference-dependent choices, intertemporal preferences, other-regarding preferences, bounded rationality in individual and interactive decision-making, and the measurement of rationality and recovery of preferences.

Prerequisites: ECO200Y1/​ECO204Y1/​ECO206Y1; ECO220Y1/​ECO227Y1/​(STA220H1,STA255H1)/(STA257H1,STA261H1); At least one FCE in ECO at the 300 level or higher.

ECO 422H1F & S, Topics in Business Economics,
taught by K. Bernhardt-Walther; W1-4

In this course, students develop tools to describe various aspects of a firm’s organizational structure. Students study the circumstances that lead firms to adopt a particular culture, share authority with employees or not, delegate or centralize decision making. Students will also see how these choices almost always allow for organizational failure in the right kind of wrong circumstance.

Throughout the course, students will practice applying microeconomic models to rich business case studies to explain or predict behavior of and dynamics within organizations. At the end of this course students will be able to recognize and analyze the organizational choices every firm must make along a variety of dimensions. Students will understand the economic relevance of “second best outcomes,” derive a second best outcome mathematically in various settings, and give real-world examples.

The course will involve thorough discussions of applied theory papers. Students should thus be (willing to become) comfortable reading research papers that use extensive mathematical modeling. They should have a good understanding of utility and profit maximization, pure and mixed strategy Nash equilibria, and backward induction.

Prerequisites: ECO200Y1/​ECO204Y1/​ECO206Y1; At least one FCE in ECO at the 300 level or higher;
Recommended preparation: At least one of ECO316H1, ECO326H1, ECO338H1, ECO380H1, or ECO381H1.

The 2015 - 2016 Economics Scholarship goes to...

Awards Reception 2017 ...

ECO101H1 and ECO102H1

Starting in the May-August 2017 summer semester, the Department of Economics will split the full year 1.0 FCE course ECO100Y1 – Introduction to Economics into two half year 0.5 FCE courses: ECO101H1 – Principles of Microeconomics and ECO102H1 – Principles of Macroeconomics.

ECO101H1 and ECO102H1 Course Description:.

ECO 101H Principles of Microeconomics
An introduction to economic analysis and its applications: price determination, market structure, decision making by individuals and firms, public policy. NOTE: extensive use of graphical and quantitative analysis.
Recommended Preparation:
MCV4U (Calculus & Vectors) and MHF4U (Advanced Functions), or equivalent secondary school mathematics credits

ECO 102H  Principles of Macroeconomics
An introduction to economic analysis and its applications from a macroeconomic (economy-wide) perspective. Topics covered include international trade and finance, role of money and the banking system, monetary and fiscal policy. Note: graphical and quantitative analysis are used extensively.
Recommended Preparation:
MCV4U (Calculus & Vectors) and MHF4U (Advanced Functions), or equivalent secondary school mathematics credits

ECO101H is a prerequisite for ECO102H
Students must achieve 63% in each of the half courses in order to gain entry into the Economics Major and Minor programs, and the Minor in Environmental Economics  (hence the old ECO100Y1 with 67% will be replaced with ECO101H with 63% and ECO102H with 63%).

More information about ECO101H1 and ECO102H1 is avaialbe at:



Bank of Canada Governor's Challenge

Congratulations to our Bank of Canada Governor's Challenge team: 24 teams from universities from across the country participated in the preliminary round of the competition. Our team was one of five to make it to the finals! They worked hard and did an excellent job representing themselves and the University of Toronto at the finals this past weekend, losing out in a close competition to the formidable McGill team.  Congratulations to all!  For more information on the results of the challenge, see this link.