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Economics

  • ECN 101 - Principles of Microeconomics
    Course DescriptionThis is an introductory course to economics. This course is concerned with basic concepts of demand and supply, the theory of the firm, and distribution of income. It includes a study of business behaviour and decision making under various market conditions: pure competition, oligopoly, monopolistic competition, monopoly. There will be an emphasis on international economics and finance covering topics such as international trade.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:ECN 104
  • ECN 104 - Introductory Microeconomics
    Course DescriptionThis is an introductory course to economics. This course is concerned with basic concepts of demand and supply, the theory of the firm, and distribution of income. It includes a study of business behaviour and decision making under various market conditions: pure competition, oligopoly, monopolistic competition, monopoly.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:ECN 101
  • ECN 109 - Basic Mathematics for Economics
    Course DescriptionThis preparatory course provides a strong foundation on basic algebra and pre-calculus mathematical techniques that are essential for a proper understanding of the mathematics used in economic analysis. The course covers: basic concepts such as sets and numbers, relations, and operations with algebraic expressions; resolution of linear and non-linear equations; inequalities and absolute values; sequences and sums; functions and graphs. The course uses a wide range of economic applications to illustrate and motivate the covered mathematical techniques.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:MTH 125, MTH 131, MTH 140, MTH 207, QMS 110, QMS 130,
  • ECN 110 - The Economy and Society
    Course DescriptionThe lower level liberal studies course deals with the application of market economics to explain certain aspects of human behaviour. We first discuss the basic microeconomic concepts that are essential for understanding both markets and human behaviour. These include the concepts of opportunity cost, marginal cost-marginal benefit analysis, the demand curve, the supply curve, and how equilibrium is arrived at in free functioning markets. We then apply these tools to various social topics and issues. We often find that by applying the economic approach we arrive at explanations that are often counter-intuitive.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:LL
    Antirequisites:ECN 101, ECN 104
    Custom Requisites:Not available to Ted Rogers School of Management, Occupational and Public Health (Health and Safety), or Urban and Regional Planning students.
  • ECN 129 - Statistics for Economics I
    Course DescriptionThis course is an introduction to basic statistics with economic applications. It is followed by a course on Statistics for Economics II, ECN 329. Statistics is a science of getting information from data. It consists of a set of analytical techniques that can be applied to data to help us make judgments and decisions in problems involving uncertainty. This course deals with the description, analysis and interpretation of data. It covers topics in descriptive statistics, basic probability theory, discrete and continuous distributions, and sampling distributions.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:MTH 304, MTH 380, MTH 410, QMS 210, QMS 230
    Corequisites:ECN 189
  • ECN 189 - Mathematics for Economics I
    Course DescriptionECN 189 is an introduction to fundamental calculus techniques which are frequently used in Economics. The course focuses on single variable differential calculus (limits, continuity, differentiation and integration) and on its application to optimization problems. The course uses a wide range of economic applications to illustrate and motivate all the covered mathematical techniques.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 109 OR QMS 110
    Antirequisites:MTH 207, QMS 130, QMS 702
  • ECN 201 - Principles of Macroeconomics
    Course DescriptionThis is an introductory course to economics. This course concerned with basic concepts of levels of national income, employment and prices, the business cycle, factors affecting economic growth and international trade. It also includes a critical analysis of monetary and fiscal policies designed to achieve the established goals. There will be an emphasis on international economics and finance covering topics such as open-economy macroeconomics.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:ECN 204
  • ECN 204 - Introductory Macroeconomics
    Course DescriptionThis is an introductory course to economics. This course is concerned with basic concepts of levels of national income, employment and prices, the business cycle, factors affecting economic growth and international trade. It also includes a critical analysis of monetary and fiscal policies designed to achieve the established goals.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Antirequisites:ECN 201
  • ECN 205 - Economics of Change and Conflict
    Course DescriptionThis lower liberal studies course provides an introduction to the economic development of Europe from ancient times until the 'First Era of Globalization' in the late 19th century with emphasis on the economic causes of the American, French and Industrial revolutions. The course then analyzes the effects on the world economy of the Russian Revolution and the Great Depression. Finally, some more recent economic development issues in Asia, Africa, and the Middle East are examined.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:LL
    Antirequisites:ECN 630
  • ECN 210 - Understanding Economics
    Course DescriptionThe lower level liberal studies course introduces the economic way of thinking. At a microeconomic level students learn how to analyse markets under different structures such as perfect competition and monopoly. At a macroeconomic level students learn how to analyse how the Canadian economy works and how the major problems of unemployment and inflation can be dealt with. Other topics covered are fiscal and monetary policy and the overall role of government in the economy.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:LL
    Antirequisites:ECN 101, ECN 104, ECN 201, ECN 204
    Custom Requisites:Not available to Ted Rogers School of Management students.
  • ECN 220 - Evolution of the Global Economy
    Course DescriptionThis course is a survey of the economic development of the global economy since 1914, covering such factors as trade, migration, investment and monetary arrangements, and the role played by international institutions. The course will include an analysis of the impact on the international economy of twentieth century developments, such as the Great Depression, the two world wars and the globalization of financial markets. Particular emphasis will be placed on the operation of post-war institutions, such as the I.M.F., G.A.T.T. and the W.T.O., and how they affect the global economy.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
  • ECN 230 - Mathematics for Economics II
    Course DescriptionThis course introduces the students to mathematical topics beyond what is covered in ECN189. It covers multivariable differential calculus, and it introduces topics such as basic matrix algebra, constrained optimization, and comparative statistics for general function modes. The course uses a wide range of economic applications to illustrate and motivate all the covered mathematical techniques.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 189 or MTH 189 or ECN 89A/B or QMS 130 or QMS 702
    Antirequisites:MTH 231, MTH 240, MTH 310
  • ECN 250 - Computing for Economics
    Course DescriptionThis is an introductory course in computing and programming for economics students. Topics covered include: computing basics, basic logic, optimization, numerical integration, linear algebra, Monte Carlo simulation, working with data, and basic statistics. This course uses R as its programming language.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 230
  • ECN 301 - Intermediate Macroeconomics I
    Course DescriptionThis course introduces students to the theory and practice of intermediate-level macroeconomics. Topics include data collection and measurement of key macroeconomic variables, the closed economy one-period model, models of economic growth, search and unemployment, and inflation. Data collection will involve downloading economic series from data bases such as the CANSIM database of Statistics Canada and working with spreadsheets such as EXCEL.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 101 or ECN 104 or Direct Entry) and (ECN 201 or ECN 204 or Direct Entry) and (ECN 189 or QMS 130 or QMS 702 or MTH 131 or MTH 140 or MTH 207 or MTH 310)
  • ECN 320 - Introduction to Financial Economics
    Course DescriptionThis course is designed to give students an understanding of financial concepts, including the time value of money, discounted cash flows, and risk and returns. It is also designed to give the students an introductory understanding of financial markets and how they are influenced by economic trends.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 101 or ECN 104) and (ECN 109)
    Antirequisites:AFF 210 and FIN 300
  • ECN 321 - Introduction to Law and Economics
    Course DescriptionEconomic aspects of social and legal issues and policies in regional, national and international contexts: property, contracts, torts, environmental law, and the economics of crime and punishment.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 101 or ECN 104 or Direct Entry
  • ECN 329 - Statistics for Economics II
    Course DescriptionECN 329 is a continuation of the topics covered in ECN 129, Statistics for Economics I. It includes such topics as estimation, hypothesis testing, inferences, analysis of variance, simple regression and multiple regressions, and model building.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 129
    Antirequisites:MTH 404, MTH 480, QMS 442
    Corequisites:ECN 230
  • ECN 340 - The Economics of Human Behaviour
    Course DescriptionThis lower level liberal studies course investigates human behaviour from an economic perspective. Among the topics we analyze is the economics of religious behaviour and the afterlife, sexual behaviour, marriage and divorce, crime, mass hysteria and panics, suicide and dying, emotions, and the economics of sports.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:LL
  • ECN 440 - Economic Issues in Financial Markets
    Course DescriptionThis lower level liberal studies course addresses a historical tendency for the financial and stock markets to exhibit periodic unstable cycles or speculative booms, followed by market downturns, instability or in the extreme, total collapse. These patterns of cyclical behaviour are illuminated by focusing on crises, beginning with the Tulip Mania. The South Seas Bubble, the 1929 Crash, the dot-com collapse and the more recent financial crisis are included.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:LL
  • ECN 501 - Industrial Organization
    Course DescriptionThis course systematically relaxes the assumptions of the perfectly competitive model. The course studies strategic interaction among firms, and between firms and consumers, under alternative assumptions. Neoclassical economic theory is combined with game theory to provide the tools with which to better understand markets in the real world. The course addresses issues such as business strategy, collusive behaviour, natural and artificial barriers to entry, quality uncertainty and advertising.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 502 - Economics of Energy and Natural Resources
    Course DescriptionThis course applies tools of economics and statistics to problems of natural resources and studies Canadian public policy issues in natural resources management. Topics covered in the course include: the resource sector and its impact on the Canadian economy, models of renewable and non-renewable resource use, the scarcity controversy, economic rents and taxation as applied to natural resources, and current issues in Canadian resource management.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 101 or ECN 104 or Direct Entry
  • ECN 503 - Economic Development
    Course DescriptionThis upper level liberal studies course describes the challenges faced by developing economies with an emphasis on persistent world poverty. We analyze questions such as extreme poverty, living under a dollar per day and the burden of disease. We also study the role of markets, government and non-governmental organizations in fostering economic development.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 726
  • ECN 504 - Intermediate Microeconomics I
    Course DescriptionA more detailed study of price theory, this course looks at the production decisions of firms and the consumption decisions of households. It gives an introduction to risk and uncertainty. It examines how the decisions of all the independent economic agents are co-ordinated by the price-system in purely competitive markets. The course also gives a variety of applications of micro-economic theory.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 101 or ECN 104 or Direct Entry) and (ECN 201 or ECN 204 or Direct Entry) and (ECN 189 or QMS 130 or QMS 702 or MTH 131 or MTH 140 or MTH 207 or MTH 310)
  • ECN 505 - Economic Issues in Labour Markets
    Course DescriptionThis upper level liberal studies course deals with selected issues in the labour markets. The first part of the course introduces the economic theories of labour supply and demand, as well as the major critiques and alternatives. The course also looks at wage structures, geographic labour mobility, the presence of labour unions, the increasing participation of women, the question of discrimination in labour markets, and the debate over the effects of free trade on employment patterns.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 605
    Custom Requisites:Not available to Business Management students.
  • ECN 506 - Money and Banking
    Course DescriptionThe role of money in the economic system is emphasized along with current monetary theories. Also examined are the purpose, structure and regulations of the chartered banks and other financial institutions. By monitoring developments in the money market, especially changes in key interest rates, students may assess monetary initiatives of the Bank of Canada.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 or ECN 504
    Antirequisites:ECN 509
  • ECN 507 - Ethics and Justice in Economics
    Course DescriptionThis upper level liberal studies course studies the ethics of economic relationships. Students become familiar with some of the principal theories of ethics and justice, and will use them to study such questions as the equitable distribution of income and wealth in a market economy, inheritance and the transmission of wealth, the structure of taxation, redistributive programs to alleviate poverty, preferences based on race and ethnicity, immigration policy and environmental sustainability.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
  • ECN 509 - Economic Issues in Money and Banking
    Course DescriptionThis upper level liberal studies course uses economic institutions around which to study economic development of the Canadian banking and finance system in particular. Topics include: the purpose, structure and regulations of the chartered banks and other financial institutions, monitoring developments in the money market and the monetary initiatives of the Bank of Canada.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 506
  • ECN 510 - Environmental Economics
    Course DescriptionThis course applies economic analysis to the problems of pollution and the use of natural resources. It examines market processes when externalities in production and consumption are present. The relationship between the environment and the economic system, sources of pollution and methods of pollution abatement are studied. Application of cost-benefit analysis to the problems of environmental goods is evaluated. Examination of the economics of renewable and nonrenewable resources follows. Topics include: resource classification, the theory of optimal usage, resource conservation, and the limits to growth debate.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 101 or ECN 104 or Direct Entry
    Antirequisites:ECN 511
  • ECN 511 - Economy and Environment
    Course DescriptionThis upper level liberal studies course looks at the relationship between the economy and the environment. It discusses how economics can help identify key issues in environmental problems. Economic concepts are used to shed light on solutions to the problem of pollution, the management of common property, and the possibility of "sustainable development."
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 510
  • ECN 512 - The Economics of Sex
    Course DescriptionThis upper level liberal studies course offers a critical analysis of topics in gender economics and the choices made in modern day relationships of love and sex. It offers an exploration into traditional gender economic issues such as gender differences and educational attainment, occupational choice, labour market participation and income. The course also applies economics to the choices made with respect to love and sex such as who we chose to love, date, and marry.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
  • ECN 600 - Intermediate Macroeconomics II
    Course DescriptionThe aim of this course is to provide a comprehensive study of dynamic macroeconomic models. Topics include the stylized facts of business cycles, the two-period model, credit market frictions and social security, money and business cycles, and international macroeconomics. The effect of economic shocks and fiscal and monetary policy changes will be examined in the context of both closed and open economies.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301
  • ECN 601 - Economics of Information
    Course DescriptionIn this course we shall analyze different economic situations involving imperfect information. A brief introduction to game theory and market structure will be provided. The topics of the course will include: signaling and screening in the job market, adverse selection and the market for lemons (as applied in the market for used cars), the value of information in a strategic conflict, notions of individual rationality and incentive compatibility, sharecropping, interlinked contracts, and public goods (Groves-Clarke).
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 603 - Economic Issues in Globalization
    Course DescriptionThis upper level liberal studies course provides an analysis of the benefits of international trade. The course examines the effects of tariffs and quotas on industry and provides an appraisal of the arguments for protectionism. Other topics covered are international trade agreements.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
  • ECN 605 - Labour Economics
    Course DescriptionThis course is designed for third and fourth year students with an interest in theories and applications in the labour markets. Using tools from microeconomic theory and statistics, the course investigates a wide variety of issues including wage and employment determination, individuals' decisions to invest in human capital, discrimination in labour markets, social welfare and immigration policies, union and collective bargaining and the causes of unemployment and unemployment policies.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
    Antirequisites:ECN 505
  • ECN 606 - International Monetary Economics
    Course DescriptionInternational monetary economics is devoted to the study of large-scale economic problems in interdependent economies. The focus is on key economic variables such as exchange rates, prices, interest rates, income, wealth, and the current account. Core topics include foreign exchange markets, exchange rates in the short run and the long run, the national and international accounts, the open economy IS-LM model, fixed and floating exchange rate regimes, gains from financial globalization, exchange rate crises and the operation of pegs, and the euro.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301
    Antirequisites:ECN 607
  • ECN 607 - Issues in the International Economy
    Course DescriptionThis upper level liberal studies course examines how international financial markets affect national economies. The course will build tools, such as the balance of payments and exchange rate theory, to understand international money and finance. These tools will be applied to a large number of real world issues such as the efficiency of foreign exchange markets, currency crises and speculative attacks, dollarization, international capital flows and portfolio diversification.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 606, ECN 721, GMS 601
  • ECN 610 - The History of Economic Thought
    Course DescriptionThis course studies the development of economic thought from the medieval period to the present. It demonstrates how orthodox theories have contributed to the formation of modern economics and include some discussion of schools of thought which deviate from the mainstream. The course investigates the relevance of both orthodox and unorthodox models to the development of modern economic thought so as to promote a better understanding of current economic debates.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 or ECN 504
  • ECN 614 - An Introduction to Game Theory
    Course DescriptionGame theory studies the interactions and conflicts between decision-making agents. This course focuses on its application to economic issues such as market structure, auctions and bargaining. It begins by introducing the concepts of action, strategies, cooperation and non-cooperation, and equilibrium. The assumption of complete information is then relaxed and the application of game theory to situations of incomplete and imperfect information is explored. The course draws on real world examples to illustrate core concepts, such as the Prisoner's Dilemma and buying votes. These examples borrow from micro, macro and experimental economics.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 620 - Applied Economic Analysis
    Course DescriptionIn this course students apply the economic tools that they have learned in their core courses to the analysis of economic issues. The goals of this course are to help students to develop data analysis, presentation and writing skills that are often used in economic research. This course consists of a combination of introductory lectures, paper presentations, research projects and computer labs.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 and ECN 504 and (ECN 329 or QMS 442)
  • ECN 627 - Econometrics I
    Course DescriptionThis course is an introduction to econometrics. The main topics of the course are the linear regression model, its estimation and inference. Other topics include heteroscedasticity and endogeneity.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 230 or MTH 231 or MTH 240 or MTH 310) and (ECN 329 or QMS 442 or MTH 404 or MTH 410 or MTH 480)
  • ECN 630 - Economic History
    Course DescriptionThe central focus of this course is institutions and organization and how these impacted technological change and economic growth in different periods. We investigate: cross-country differences in long-term economic growth and competing explanations for the divergent outcomes; migration and its impact on economic development and growth; the role of property rights, such as patent laws, and their effect on innovations and economic growth; the development of financial institutions and economic growth; and international trade and economic development.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 and ECN 504
    Antirequisites:ECN 205
  • ECN 640 - Economics of Immigration
    Course DescriptionThis course applies economic principles to immigration. Students examine issues such as discrimination, humanitarian concerns, the impact on wages and employment prospects of native-born persons, social assistance programs, and contributions to the financing of such programs. The course develops an understanding of the role of economics in providing theoretical predictions and empirical evidence that is relevant to these issues.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 101 or ECN 104) and (ECN 201 or ECN 204) or Direct Entry
  • ECN 700 - Intermediate Microeconomics II
    Course DescriptionThe purpose of the course is to examine production functions, cost minimization and profit maximization decisions of firms under different types of market structures. Price theory to the market structures of monopoly, oligopoly, and monopolistic competition will be extended. Markets for factors of production will be examined as well. This course will give an introduction to game theory as well.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 702 - Econometrics II
    Course DescriptionThis course is a continuation of ECN 627 and covers some advanced econometric methods. Topics covered may include econometric methods designed for instrumental variables estimation, panel data sets, estimation of discrete choice models and time series analysis.
    Weekly Contact:Lecture 3 hrs. Lab 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 627
  • ECN 703 - Public Sector Economics
    Course DescriptionThis course analyzes the role that governments play in the market economy and in the lives of its citizens. It investigates reasons for government intervention in markets and the impact of government programs on the behavior and welfare of its citizens. The course also studies the role that municipalities, cities, provinces and states play in an increasingly globalized economy.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 707 - Economics of International Trade I
    Course DescriptionThe purpose of this course is to introduce the student to the theory and practice of international economics. The factor proportions theory of trade is explained, and the evidence supporting it examined. Major emphasis is placed on the "new international economics" and its implications for Canadian trade policy. The issues surrounding free trade with the United States are examined, as well as the perceived need for interventionist industrial policies.
    Weekly Contact:Lecture 3 hrs. Tutorial 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
    Antirequisites:GMS 601 (formerly IBS 601)
  • ECN 710 - Transportation Economics
    Course DescriptionThis course examines the economics of significant transportation issues from, between and within the developed world. Demand-side issues, such as changing income levels and locational decisions; supply-side issues, such as the need for adequate funding for urban carriers; and constraints, such as regulation and uncertainty arising from political situations are synthesized.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 101 or ECN 104 or IND 302 or Direct Entry
    Antirequisites:GMS 803 (formerly MGT 803)
  • ECN 715 - Advanced Microeconomics
    Course DescriptionThis course deals with the theories of consumption and of production at a more advanced level. It discusses decision making by consumers and firms, in situations of certainty as well as uncertainty and risk. The course introduces the students to welfare economics, and applies microeconomic theory and welfare economics to specific problems and policy issues.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 700
  • ECN 721 - International Financial Markets
    Course DescriptionThis course develops a solid understanding of the international financial system and examines managerial decisions made in an international setting. First, current theories of financial price determination and their testable implications are studied in the context of foreign exchange, offshore, derivative securities and international asset portfolio markets. Second, managerial decisions regarding capital financing, investing and risk management are analyzed from the point of view of private individuals, firms and governments.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 and (ECN 320 or AFF 210 or FIN 300)
  • ECN 722 - Economic Issues in Professional Sports
    Course DescriptionThis upper level liberal studies course examines the economics of professional and collegiate athletics. It begins by reviewing the demand, supply and elasticity and continues by studying the market structures, labour demand and supply. Topics to be covered include the benefits of sports franchises and stadiums, strikes, lockouts, salary discrimination, unions, broadcasting rights, free agency, "scalping", salary caps, drafts and the paying of collegiate athletes.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
    Antirequisites:ECN 729
  • ECN 723 - Applied Research Methods
    Course DescriptionIn this course students acquire the skills needed to write a research paper in economics. The course covers different strategies and techniques involved in academic research and the students apply these strategies in the writing of a semester-long research paper. Student receive feedback on each step of the writing process through one-on-one meetings with the instructor.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 600, ECN 620, ECN 700 and ECN 702
  • ECN 724 - Advanced Econometrics
    Course DescriptionThis course provides an advanced treatment of select topics from econometrics not covered in the traditional undergraduate curriculum. In particular, the course places a strong emphasis on computationally-intensive methods of estimation and inference. The primary goal of the course is to aid students in applying these methods to real-world economic data.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 702
  • ECN 725 - Financial Econometrics
    Course DescriptionThis course provides an advanced treatment of econometric models used to forecast financial and economic data. This type of data often comes in the form of time series and thus much of the course uses methods for time series analysis. Autoregressive moving average, vector autoregression and generalized autoregressive conditional heteroscedastic models are some of the techniques that are used in the course to forecast economic growth rates, returns on financial securities and volatility of those returns.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 627
  • ECN 726 - Economics of Developing Countries
    Course DescriptionThis course is designed for third and fourth year students with an interest in theories and applications in economics of developing countries. Topics may include credit markets, education, health, institutions and political factors. The course will be based on the critical review of empirical evidence.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504 and ECN 627
    Antirequisites:ECN 503
  • ECN 729 - Sports Economics
    Course DescriptionThis applied economics course explores various aspects of the economics of sports and sports leagues, with a major focus on empirical analysis. We will consider a number of topics, including: the business and economics of professional team sports and sports broadcasting, analysis of leagues' competitive balance policies, player relations issues including analysis of the drivers of players' salaries, and the public finance aspects of professional sports teams and stadium financing.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:[(ECN 101 or ECN 104) and (ECN 329 or QMS 202 or QMS 210 or QMS 230 or MTH 404)] or Direct Entry
    Antirequisites:ECN 722
  • ECN 801 - Principles of Engineering Economics
    Course DescriptionEngineering economics is concerned with the problem of investment decision making or capital expenditure analysis. An "investment" problem involves making a decision to allocate financial resources to acquire productive assets that will generate cash flows in future time periods. Engineering economics seeks to develop and apply a logically consistent methodology for evaluating investment projects. Discounted cash flow methods are used in analyzing such projects. In this course we will assume certain cash flows and ignore taxation implications. After developing the mathematics of cash flow equivalence, absolute and relative measures of project worth will be developed and applied to individual and multiple projects. The emphasis will be on private project decisions, but similar methods will be applied to public sector projects.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Custom Requisites:Available only to Bachelor of Engineering students
  • ECN 802 - The Economies of East Asia
    Course DescriptionThis upper level liberal studies course surveys the economies of East Asia (Japan, China, South Korea, Taiwan, Hong Kong, Singapore, Malaysia, Thailand, Indonesia and the Philippines). The emphasis is on their patterns of economic development and inter-relationships. Topics to be covered include growth and development, international trade and investment, financial and exchange rate systems, as well as public policies. Current economic issues will also be discussed, particularly those with relevance to Canada.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Liberal Studies:UL
  • ECN 803 - Canadian Tax Policy
    Course DescriptionThis course focuses on the problems and theoretical issues of financing government. The major forms of taxation-personal and corporate income taxes, sales and commodity taxes and the property tax-are examined critically. In addition, the main features of Canadian fiscal federalism (intergovernmental transfers, equalization grants and revenue-sharing), are reviewed and appraised.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 504
  • ECN 807 - Economics of International Trade II
    Course DescriptionIn this course, several general equilibrium models will be developed to analyze whether there are gains or losses from trade, what determines the pattern of trade, effects of trade on the distribution of income, and the transmission of shocks (i.e. technological or policy changes) from one country to another. The framework will be used to analyze several policy issues, which may include, financing of trade, the effects of tariffs and quotas, trade liberalization and the WTO.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 707 or GMS 601
  • ECN 808 - Economic Growth and Technological Change
    Course DescriptionThis course is designed for third and fourth year students with an interest in theories and applications to economic growth. In particular, the course focuses on the effects of technological progress, human capital and physical capital accumulation on economic growth, as well as the role of government policies (fiscal policy, trade and environmental taxes, industrial subsidies) in determining the efficient use of a countries' resources.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 and ECN 504
  • ECN 815 - Advanced Macroeconomics
    Course DescriptionThis course has two objectives. First, it provides a rigorous introduction to a standard set of topics in modern macroeconomic theory, such as economic growth, business cycle theory, consumption theory, monetary policy and fiscal policy. Second, the course develops the analytical tools required to study the above topics within a dynamic optimization framework. This is an advanced course aimed for students with a solid background in macroeconomic and microeconomic theory, linear algebra and calculus. It is particularly recommended for students interested in pursuing a graduate degree in economics.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:(ECN 230 or MTH 310) and ECN 504 and ECN 600
  • ECN 820 - Thesis
    Course DescriptionStudents complete an original research project under the direct supervision of an Economics faculty member. Students must select a supervisor and submit a written project proposal to the Chair of Economics no later than one month before the first day of the semester.
    Weekly Contact:Lecture 1 hr.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Consent:Departmental consent required
  • ECN 821 - Country Risk Analysis
    Course DescriptionThis course is designed for third and fourth year students with an interest in the theory and practice of management of cross-border lending and international investment risk. The course gives a comprehensive coverage of the analysis and reporting of sovereign creditworthiness, political risk, current account analysis, statistical credit-scoring methodologies, loan valuation, portfolio management and regulatory supervision.
    Weekly Contact:Lecture 3 hrs.
    GPA Weight:1.00
    Billing Units:1
    Count:1.00
    Prerequisites:ECN 301 and ECN 504
  • ECN 900 - Internship
    Course DescriptionThe ECN 900 internships provide an opportunity for students to integrate academic learning in the Economics and Finance field with an employment or volunteer experience. The internship is intended to allow students to explore careers and develop linkages between theoretical knowledge received in a classroom setting and professional/practical application experience. The course is graded on pass/fail basis. See teaching department for consent criteria.
    Weekly Contact:Lecture 2 hrs.
    GPA Weight:1.00
    Count:1.00
    Consent:Departmental consent required