Course Listing

An introductory treatment of markets, prices, and outputs based on the behaviour of consumers, business firms, and the structure and organization of industries. Selected economic and social policies, including taxation, international markets, and trade policy, are also examined.

An introductory study of the total economy in terms of GDP, employment, unemployment, prices, and inflation using simple economic models. The Canadian banking system, monetary policy, the government sector, government budgets, and fiscal policy are examined. Selected aspects of international trade, the balance of payments, and exchange rates are included.

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 ECON 1010H and 1020H.

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: 60% or higher in 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

Problems and policies in Canadian economic development since 1929. Topics include the legacy of the Depression; government policy on trade, immigration, and foreign investment; macroeconomic stabilization and social welfare; trends in employment and unemployment; exchange rate policy; fiscal policy; and government budget deficits. Prerequisite: 60% or higher in ECON 1010H and 1020H.

Cross-listed: CAST-2610H

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: 60% or higher in 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: 60% or higher in 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: 60% or higher in 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: 60% or higher in 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: 60% or higher in ECON 1010H and 1020H.

Cross-listed: ADMN-3120H

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: 60% or higher in ECON 1010H and 1020H.

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: 60% or higher in ECON 1010H and 1020H.

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 and 2010H or permission of instructor.

A continuation of ECON-ADMN 2250H. Mathematical techniques are used to set and solve economic problems. Topics include total differentiation, comparative static analysis under equilibrium models, unconstrained optimization, classical programming, concavity, convexity, quasi-concavity and quasiconvexity, homogeneous functions, integral calculus, exponential and logarithmic functions. Economic applications are stressed throughout. Prerequisite: ECON-ADMN 2250H or equivalent. Pre- or co-requisite: ECON 2000H and 2010H, or permission of instrutor.

Examines alternative models of growth and development, sectoral problems of LDCs (agriculture, education, health, environmental issues, etc.), planning strategies for economic development, and the diversity of the development experience. Prerequisite: 60% or higher in ECON 1010H and 1020H.

Cross-listed: ADMN-3310H, IDST-3310H

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: 60% or higher in ECON 1010H and 1020H.

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

A study of the various ways in which microeconomic principles and quantitative tools can be used to aid managers in making sound decisions. Topics include forecasting consumer demand, production and cost analysis, optimal pricing and production decisions, optimal hiring and investment decisions, and capital budgeting. Prerequisite: 60% or higher in ECON 1010H and 1020H.

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: 60% or higher in 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: 60% or higher in ECON 1010H and 1020H or permission of instructor.

Cross-listed: ERSC-3810H

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 basic state-of-the-art quantitative methods in economics, including model simulation, estimation, and introduction to data science. Prerequisite: ECON 2250H, 3010H, and 3200H, or permission of instructor.

Examines theory and practice in the estimation and testing of economic models with an emphasis on alternatives to simple regression, as they relate to particular economic and statistical issues in an applied setting. Students gain experience in evaluating and refining empirical models of economic phenomena. Prerequisite: ECON 3200H.

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.