Course Listing

An examination of problems of demand and supply, market equilibrium, and market structure. A comprehensive treatment of the theoretical techniques used to deal with problems of resource allocation and applications of those techniques. Develops skills necessary for advanced work in economics. Prerequisite: 60% or higher in each of ECON 1010H and 1020H and a pass in ECON-ADMN 1250H.

A study of output (GDP), employment, and inflation in the national economy, including the effects of monetary, fiscal, and exchange rate policies. Current macroeconomic models are used to examine fluctuations in economic activity, and the objectives, design, implementation, and evaluation of monetary and fiscal policies. Prerequisite: 60% or higher in ECON 1010H and 1020H.

An introduction to aging from critical perspectives. Drawing on multidisciplinary perspectives within the Trent Centre for Aging and Society, this course provides a foundation for understanding and analyzing the meaning and significance of aging for individuals, communities, and societies. Topics include life course influences, representations, and problematization of aging, and places for aging. Open to non-Nursing students.

Cross-listed: NURS-2015H, SOCI-2015H

Introduces statistical methods in an applied setting with an emphasis on the development of theory through interactive learning. The material covered includes descriptive statistics, data analysis, inference, and estimation techniques. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-2200H

Topics include partial and general equilibrium, elementary linear algebra, elementary calculus, basic optimization theory, comparative static analysis, and linear programming. These tools are integrated with and applied to micro and macroeconomic theory and managerial economics. Prerequisite: 60% or higher in ECON 1010H and 1020H.

Cross-listed: ADMN-2250H

A continuation of ECON 2000H, examining the theory of general equilibrium, factor markets, externalities, public goods, and asymmetric information. Game theory is introduced. Prerequisite: ECON 2000H.

A study of the monetary theory and financial markets as they relate to the performance of the aggregate economy and affect the design, implementation, and impact of monetary policy in Canadian and international contexts. Prerequisite: ECON 2010H.

An introduction to the economic analysis of investment decisions and financial markets. Key concepts include present-value formula, market efficiency, portfolio choice, risk, arbitrage, and asymmetric information. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3020H

Basic principles of risk and insurance. Examination of effective risk management programs, using insurance as a formal method to reduce losses and improve economic efficiency. Includes the study of different types of insurance: life, health and disability, property, home and automobile insurance. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3022H

The study of Islamic finance and economics introduces students to financing using alternatives to the interest rate. The course explores the principles governing Islamic finance, banking, insurance, money and capital markets. It examines Islamic finance and banking in the global economy, with attention to the Canadian financial environment. Prerequisite: ECON 1010H and 1020H.

Topics include theories of world trade and the analysis of trade policy and trade relationships in the world economy; the theory and practice of protectionism and preferential trade arrangements; the political economy of trade policy; the role and performance of international organizations; environmental aspects of trade; and international labour standards and trade. Support course for International Development Studies. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3110H

Topics include the operation of international money and capital markets; theoretical and policy aspects of exchange rates and the balance of payments; macroeconomic management of domestic open economies; and the evolution, management, and reform of the international financial system. Support course for International Development Studies. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3120H

The features of global finance-why it exists, how it impacts our lives economically, politically, and socially-are investigated. Attention is paid to linkages between finance and state power. Topics include rising (personal) debt, the 2008 financial crisis, the Eurozone crisis, and the rise of China and its growing financial influence. Prerequisite: 5.0 university credits.

Cross-listed: POST-3123H, ADMN-3123H

Efficiency criteria is emphasized in the theory and provision of public goods, voting behaviour, intergovernmental grants, and fiscal federalism. Focus on discussion of the efficiency and equity criteria in the theory and practice of personal and corporate income taxes, payroll taxation, and local government taxation in Canada. Prerequisite: ECON 1010H and 1020H. Equivalent to ECON 3160H.

Cross-listed: ADMN-3180H

Provides an elementary but comprehensive introduction to econometrics. Simple and multiple regression, regression diagnostics, and problems with testing economic relationships are all introduced within the classical regression framework. Prerequisite: ECON-ADMN 2200H and 2250H; or MATH 2560H; or MATH 2570H. Pre- or co-requisite: ECON 2000H or 2010H or permission of instructor.

Integrates economic theory, data analytical technique, and practical applications in economic and policy analysis. Through computing and estimating economic models with real-world data and using programming languages, students gain practical skills in empirical analysis and data science for economics. Prerequisite: ECON 3200H.

A continuation of ECON-ADMN 1250H. Mathematical techniques are used to set and solve economic problems. Topics include total differentiation, comparative static analysis under equilibrium models, constrained optimization, classical programming, quasi-concavity and quasi-convexity, homogeneous functions, and integral calculus. Economic applications are stressed throughout. Prerequisite: ECON 2000H and 2010H, or permission of instructor.

The world economy and the place of less developed nations in an increasingly interdependent global system. Topics include a market-friendly strategy for the poor; globalization and its impacts; the growing literature on foreign aid and debt; the oil crisis; water scarcity and the potential for international water conflicts. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3330H, IDST-3330H

Topics include employer-employee relations, human resource management, theory and practice of collective bargaining, strikes, economic aspects of unions, and economics of labour policy. Prerequisite: ECON 1010H and 1020H.

Cross-listed: ADMN-3500H

The economic theory of labour markets used to understand their outcomes and evaluate policies. Topics include wage determination, minimum wages, human capital theory, returns to schooling, optimal compensation, and unemployment. Prerequisite: ECON 2000H.

Examines the links between economic activity and environmental degradation. Topics include the valuation of environmental amenities, the use of incentives in regulation, the economics and environmental effects of market failure, and the rationale for government intervention. Prerequisite: ECON 1010H and one of ECON 1020H, MATH 1005H, or MATH 1051H, or permission of instructor.

Cross-listed: ERSC-3810H

Economic analysis of the organization, financing, and utilization of health services. Topics include patterns of consumer and provider behaviour, the functioning and regulation of markets for health services, and policy issues in the provision of health care in Canada. Prerequisite: ECON 1010H and 1020H or permission of instructor.

Topics include development of utility theory from axiomatic preference theory; the structure of utility functions; duality in consumer theory; decision-making under uncertainty; general equilibrium models; welfare economics; and game theory. Prerequisite: ECON 3000H, ECON-ADMN 2200H or equivalent, and 2250H or equivalent.

Designed to develop students' abilities to conduct empirical research in economics. Students explore various forms of economic data and interpret and test economic models by applying statistical methods developed in the course of the program to interpret the data and draw inferences about the economic model tested. Prerequisite: Open only to Honours Economics students who have earned at least 14.0 university credits, including ECON 2000H, 2010H, and 3200H. Excludes ECON 4040Y.

A study of selected topics and issues, including output and inflation models, business cycles and fluctuations, and alternative approaches to monetary and fiscal policy design and implementation. Prerequisite: ECON 3010H, ECON-ADMN 2200H or equivalent, and 2250H or equivalent.

An introduction to quantitative methods for economics, including a review of numerical analysis (linear algebra, function interpolation, nonlinear optimization, linear optimization), numerical dynamic programming, structural estimation, and machine learning. These methods are implemented through computing and estimating selected economic models using Python libraries (Numpy, Scipy, Pandas, Matplotlib, and Scikit-learn). Prerequisite: ECON-ADMN 1250H (or 2250H), ECON 3010H, and 3200H, or permission of instructor.

Integrates economic and financial market theory, applied mathematics, and probability and statistics in the study of econometric methods that are designed to deal with the unique features and characteristics of financial market data. Topics include multiple regression, time-series analysis, time-varying volatility models, switching models, and limited dependent variable models. Prerequisite: ECON 3200H.

Provides the fundamental mathematical methods that are required to understand advanced topics in economics and to analyze economic models. Also useful for students who intend to pursue graduate studies in in economics, business, or applied mathematics. Topics include differential equations, difference equations, optimization, optimal control theory, and calculus of variation. Prerequisite: ECON 3250H or both MATH 2110H and MATH 2150H.

Cross-listed: MATH-4251H

Bridges academic theory with field-based learning. Working with local agencies in the community, students combine field experience with reflective practice. Students interview for various placements identified by the School of Business, or if approved by the School of Business, students may secure their own learning opportunity. Prerequisite: A minimum 72% cumulative average; 12.0 university credits of which 5.0 must be ADMN credits, or 12.0 university credits of which 4.0 must be ECON credits and 2.0 of which must be ADMN credits; and permission of course administrator. Open only to students in the Business Administration program (BBA or joint major) or the single-major Honours program in Economics. Not open to co-op students. Not open to students with credit for ADMN 3870H.

Cross-listed: ADMN-4870H

A second opportunity to bridge academic theory with field-based learning. Again, working with local agencies, students receive a real-life learning opportunity either at a new agency or by returning to the first placement host. Students interview for various placements identified by the School of Business, or if approved by the School of Business, students may secure their own learning opportunity. Prerequisite: A minimum 72% cumulative average, ADMN 4870H (or 3870H), and permission of course administrator. Open only to students in the Business Administration program (BBA or joint major) or the single-major Honours program in Economics. Not open to co-op students.

Cross-listed: ADMN-4880H

Designed for students interested in gaining in-depth, practical industry experience, while enhancing their classroom knowledge with real-world, paid industry positions. Students spend 6, 8, or 12 months working full time in industry and return to Trent for a final term. Students apply, interview, and compete for limited positions. Course is graded on a pass/fail basis. ADMN prerequisite: A minimum 75% cumulative average and 14.5 university credits including ADMN and ECON credits required for a single major in years 1-3, or permission of the director. ECON prerequisite: A minimum 75% cumulative average and 14.5 university credits including ECON credits required for a single major in years 1-3 and 2.0 ADMN credits, or permission of the director. Open only to students in the BBA program or the single-major Honours program in Economics. Not for credit toward a major in Business Administration or Economics. Not open to co-op students.

Cross-listed: ADMN-4890Y

Provides an opportunity for more intensive or broader study of a selected topic under the guidance of a faculty member. Prerequisite: Open to students who have earned at least 14.0 university credits and have achieved an average of at least 75% in ECON courses completed, and permission of department chair.