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Economics
(B.A.)
A. Berry, B.A. (Western), Ph.D. (Princeton), Professor
J. Cohen, B.A. (Columbia), M.A., Ph.D. (California), Professor
S. Horton, B.A., M.A. (Cambridge), Ph.D. (Harvard), Professor
S. K. Howson, B.A., M.Sc. (London), M.A., Ph.D. (Cambridge), Professor
M. Krashinsky, S.B. (M.I.T.), M. Phil., Ph.D. (Yale), Professor
M. Baker, B.Comm. (Toronto), M.A. (York, Canada), Ph.D. (Michigan), Associate Professor
I.C. Parker, B.A. (Manitoba), M.A. (Toronto), Ph.D. (Yale), Associate Professor
M. Boileau, B.Sc., M.Sc. (Quebec), Ph.D. (Queen's), Assistant Professor
G. Cleveland, B.A. (Dalhousie), M.A., Ph.D. (Toronto), Assistant Professor
W. Hejazi, B.A. (Western Ontario), M.A., Ph.D. (Toronto), Assistant Professor
H. Lloyd-Ellis, B.Sc. (Southampton), M.A., Ph.D. (Queen's), Assistant Professor
A.A. Payne, B.A. (Denison), M.A. (Cornell), Ph.D. (Princeton), Assistant Professor
The Economics curriculum offers a wide variety of theoretical and applied courses. The curriculum provides an excellent background for careers in business, government, and the professions. Many of the courses are not intended exclusively for specialists in the discipline but can be of value to students with very diverse interests.
There are certain courses that are central to the curriculum: the introductory courses (ECOA02Y or ECOA03Y); the initial B-level courses - Price Theory (ECOB03Y or ECOB04Y) and Macroeconomic Theory and Policy (ECOB07Y or ECOB08Y); at least one course that provides a different perspective either on contemporary economic theory, or on ways of organizing economic activity - Economic History (ECOB81Y, ECOB82Y), the Literature of Economics (ECOC25F, ECOC26S), Comparative Economic Systems (ECOB68S). A student who wants to pursue Economics in depth should consider seriously acquiring a background in Accounting, Statistics, and Computer Science and, most important of all, Mathematics (especially Calculus, Probability Theory, and Linear Algebra).
In the first year, specialist students in Economics, Economics and Mathematics, Economics and Quantitative Methods, Management and Economics, and Management and Economic Theory should take ECOA02Y (the mathematical version of the introductory course). Although students entering the Specialist in Economics, the Specialist in Management and Economics, and the Specialist in Management and Economic Theory will normally take MATA28Y in combination with ECOA02Y, those specialists who are planning careers in Economics are encouraged to replace MATA28Y with MATA26Y (Calculus) and further math courses. Students who choose ECOA03Y (the non-calculus version) may be able to enter those specialist programs once they have completed calculus. Economics Majors and Specialists in Economics and History and in Economics and Political Science do not require calculus, so that students may take ECOA03Y in their first years of those specialties.
Many courses in the Social Sciences complement courses in Economics so that students are urged to read the Calendar and, with the help of the Supervisor, to plan their programmes of study carefully.
All economics specialist and major programmes have limited enrolment. Students admitted to these programmes are guaranteed access to enough courses to complete their programme. Remaining spaces in the courses are allocated to non-programme students on the basis of economics grades. Enrolment in the economics minor programme is not limited. However, access to some courses, especially the B-level requirement, is limited, so students in the minor programme may have to take these courses during the summer session.
Those admitted directly to the Management and Economics stream must maintain a GPA of 2.0 or higher after completing 8 credits to remain in an economics programme.
The Supervisor of Studies makes decisions on programme admission only twice per year, in May and August, based on programme requests received by the Registrar, (see winter pre-registration instructions from the Registrar). Only transfer students are considered at other times. Students with more than 10 credits will not normally be admitted to the economics major.
However, non-programme students may still receive an economics major if they are able to complete the programme requirements. Non-programme students are warned that they will be admitted to B-level and C-level Economics courses only after programme students have registered for these courses and that some courses may thus be unavailable, or available only in the summer. The Supervisor of Studies will not approve programme exceptions for non-programme students.
Supervisor: Ian Parker
NOTE: Registration in this Programme is limited.
Students must have completed a minimum of four courses to be considered for this programme. Students with 4-6 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y and MATA28Y/MATA26Y. Students with 7-10 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y and MATA28Y/MATA26Y and at least one of ECOB04Y and ECOB08Y.
The Specialist Programme in Economics requires a heavy concentration in the discipline. A Specialist Programme may not be advisable for all students. Students who are interested in Economics and in other areas as well should refer to the Economics course descriptions, and to the Major Programme in Economics.
The Programme is designed for students considering employment in fields where a knowledge of economic theory and a modest ability to do research are important. The Programme is not a guarantee of employment but it does provide the basic quantitative and theoretical skills that are desirable for decision-making in business and government.
Students must complete at least ten full-course equivalents as specified below and not more than fourteen full-course equivalents in Economics. The following specific courses must be included as part of the ten course minimum:
ECOA02Y or ECOA03Y
MATA28Y or MATA26Y (MATA27Y)
ECOB04Y
ECOB08Y
ECOB09Y or all 3 of STAB22F and STAB47S and STAC67F
ECOC25F or ECOC26S
ECOC11Y
ECOC66F or ECOB68S or ECOB81Y or ECOB82Y
ECOC13F and ECOC14S
ECOD50H
One F.C.E. in courses from the Division of Humanities
Supervisor: Ian Parker
NOTE: Registration in this Programme is limited.
Students must have completed a minimum of four courses to be considered for this programme. Students with 4-6 course credits will be considered on the basis of GPA including ECOA02Y and MATA26Y. Students with 7-10 course credits will be considered on the basis of GPA including ECOA02Y, MATA26Y and at least one of ECOB04Y and ECOB08Y
This Programme is designed for students considering the possibility of graduate work in mathematical economic theory. Students must complete at least twelve and a half full-course equivalents in Economics, Mathematics, Statistics,
Computer Science and Humanities. The specific requirements are as follows:
ECOA02Y
MATA26Y or (MATA27Y) or (MATA55Y)
MATA04Y
CSCA06F/S
ECOB04Y
ECOB08Y
(MATB41F and MATB42S and
MATB43S) or MATB05Y
MATB31F (MATB44) and MATB32S (MATB49)
STAB22F and STAB47S
ECOC11Y
ECOC13F and ECOC14S
MATC51F
ECOD50H
One F.C.E. in courses from the Division of Humanities
Supervisor: Ian Parker
NOTE: Registration in this Programme is limited.
Students must have completed a minimum of four courses to be considered for this programme. Students with 4-6 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y. Students with 7-10 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y and at least one of ECOB03Y/ECOB04Y, ECOB07Y/ECOB08Y.
Six full-course equivalents are required in each of the two disciplines.* The specific courses required are listed below. In addition, mention is made of courses in other disciplines that complement the Specialist Programme.
Required courses in Economics:
ECOA03Y or ECOA02Y
ECOB03Y or ECOB04Y
ECOB07Y or ECOB08Y
ECOC31S, ECOC32F
ECOC25F or ECOC26S
ECOB35S or ECOC66F
ECOB09Y or all 3 of (STAB22F and STAB47S and STAC67S)
Required courses in Political Science:
POLA50Y
POLB70Y
One full-course equivalent from each of any three of the following fields:
A. Canadian Government: POLB51, POLC52, POLC54 , POLD51
B. Public Administration and Public Policy: POLB60, POLC53, POLC60, POLC64, POLD50, POLD61
C. International Relations: POLB80, POLC82, POLC84, POLC88, POLD81
D. Comparative Politics, Industrial Countries: POLB86, POLB87, POLB92, POLD51, POLD62
E. Comparative Politics, Developing Countries: POLB91, POLC96, POLC98, POLD94
*The maximum number of Economics and Political Science full-course equivalents that can be counted for the four-year degree is sixteen.
Supervisor: TBA
Registration in this Programme is limited.
Selection will be based on all grades including the following prerequisite courses: MGTA02, ECOA02 or ECOA03, and MATA26 or MATA28. Students who have completed more than ten credits will not normally be considered for admission to the Specialist Programme.
Please refer to Management.
Supervisor: T.B.A.
Registration in this Programme is limited.
Selection will be based on all grades including the following prerequisite courses: MGTA02, ECOA02
(though ECOA03 will be accepted in special cases), and MATA26 or MATA28. Students who have completed more than ten credits will not normally be considered for admission to this Programme.
Please refer to Management.
Supervisor: Ian Parker
NOTE: Registration in this Programme is limited.
Students must have completed a minimum of four courses to be considered for this programme. Students with 4-6 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y. Students with 7-10 course credits will be considered on the basis of GPA including ECOA02Y/ECOA03Y and at least one of ECOB03Y/ECOB04Y, ECOB07Y/ECOB08Y.
This Programme is designed to give a coordinated exposure to the subject matter of Economics to students pursuing the three-year degree or to those pursuing the four-year degree with more than a single area of concentration.
The Programme consists of six full-course equivalents in Economics, and one in Humanities. The Economics courses must include:
ECOA03Y or ECOA02Y
ECOB03Y or ECOB04Y
ECOB07Y or ECOB08Y
ECOB09Y or all 3 of (STAB22F and STAB47S and STAC67F)
and one full-course equivalent chosen from the C- level courses in Economics. One F.C.E. in Humanities. It is recommended, but not required, that a student also include one course chosen from ECOC66F, ECOB68S, ECOB81Y, ECOB82Y.
Supervisor: Ian Parker
NOTE: Registration in this programme is not limited. Students are not signed into this Program, but apply for certification when they graduate. However, some requirements, particularly those at the B-level, may have to be taken in the summer session since access to courses in the winter session cannot be guaranteed.
This programme is designed to give exposure to the subject matter in some areas of Economics to students pursuing three or four year degrees. These students will have to combine this minor with other minors or majors in order to graduate.
The programme consists of four full-course equivalents in Economics as follows:
ECOA03Y or ECOA02Y
ECOB03Y or ECOB04Y or ECOB07Y or ECOB08Y
1 full-course equivalent at the C level in Economics
1 full-course equivalent at any level in Economics
ECOA02Y Introduction to Economics: A Mathematical Approach
Telephone ID #: 04310263
A study of economic theory and its application to contemporary Canadian economic problems. Problems discussed include: unemployment, inflation, competition, monopoly. A mathematical approach to economic analysis is used in this course and it is oriented principally towards students who plan to enter the various specialist programmes in Management and in Economics.
Exclusion: (ECOA01Y) ECOA03Y; ECO100
Prerequisite: OAC Calculus & [OAC Algebra and Geometry or OAC Finite Mathematics].
Corequisite: MATA28Y or MATA26Y
Session: Winter Day
ECOA03Y Introduction to Economics
Telephone ID #: 04310363
A study of economic theory and its application to contemporary Canadian economic problems. Problems discussed will include: unemployment, inflation, competition, monopoly.
Exclusion: (ECOA01Y) ECOA02Y; ECO100
Session: Summer Evening, Winter Day, Winter Evening
IDSB01F/S Political Economy of International Development
Telephone ID # 'F': 08120133
Telephone ID # 'S': 08120153
Introduction to major development problems, focusing on international economic and political economy factors.
The course examines, trade, aid, international institutions such as World Bank and the IMF, the GATT/WTO, and how these affect developing countries. The course examines both conventional economic perspectives as well as critiques of these perspectives. Some country case studies may be used to illustrate different approaches to development.
Exclusion: ECO230Y
Prerequisite: ECOA02Y or ECOA03Y
Session: Winter Day
ECOB03Y Price Theory
Telephone ID #: 04320363
Intermediate level development of the principles of microeconomic theory. Initially the primary emphasis is on static partial equilibrium analysis, but general equilibrium analysis is developed later in the course. The topics covered are: consumer theory, theory of production, theory of the firm, theories of competition, monopoly and oligopoly, factor prices and welfare economics. Class size is limited to 80 per section.
Exclusion: ECOB04; ECO200, 206
Prerequisite: ECOA02Y or ECOA03Y (ECOA01Y)
Session: Summer Evening, Winter Evening
ECOB04A/Y Price Theory: A Mathematical Approach
Telephone ID # for 'A': 04320413
Telephone ID # for 'Y': 04320463
Intermediate level development of the principles of microeconomic theory. This course will cover the same topics as ECOB03Y, but will employ techniques involving calculus so as to make the theory clearer to students. Class size is limited to 80 per section.
Exclusion: ECOB03Y or ECO200, ECO206
Prerequisite: [ECOA02Y or ECOA03Y] & [MATA26Y or MATA28Y]
Session: Winter Day
ECOB07Y Macroeconomic Theory and Policy
Telephone ID #: 04320763
An exposition of macroeconomic theory with detailed discussion of the theory of output, employment and the price level, and of policy techniques for influencing and controlling the levels of these variables. There is some discussion of Canadian institutions and markets as well as of the policy experiences of Canada and other countries. Class size is limited to 80 per section.
Exclusion: ECOB08Y; ECO202, 208
Prerequisite: ECOA02Y or ECOA03Y
Session: Summer Evening, Winter Day
ECOB08B/Y Macroeconomic Theory and Policy: A Mathematical Approach
Telephone ID # 'B': 04320823
Telephone ID # 'Y': 04320863
Intermediate level development of the principles of macroeconomic theory and policy. This course will cover the same topics as ECOB07Y, but will employ techniques involving calculus so as to make the theory clearer to students. Class size is limited to 80 per section.
Exclusion: ECOB07Y; ECO202, ECO208
Prerequisite: [ECOA02Y or ECOA03Y] & [MATA26Y or MATA28Y]
Session: Winter Day
ECOB09Y Quantitative Methods in Economics
Telephone ID #: 04320963
An introduction to probability, statistics, and regression analysis as used in economic analysis. Topics to be covered include: probability, special probability distributions (normal, binomial), sampling theory, confidence intervals, hypothesis testing (parametric and non-parametric methods), ANOVA, simple and multiple regression. There will be a number of computer assignments.
Limited enrolment: 80 per section.
Exclusion: ANTC35F/S (ANTB43F/S) or ECOB10F/S or ECOB11F/S or ECOB12F/S or ECO220 & ECO227 or GGRB31F/S or PSYB07F/S or SOCB06F/S or STAB22F/S or STAB47F/S or STAC67F/S
Prerequisite: ECOA02Y or ECOA03Y
Session: Summer Evening, Winter Day, Winter Evening
MGTB10F Quantitative Methods in Management
Telephone ID #: 33521033
An introduction to statistics and regression analysis as used in economic analysis. The course will cover material similar to ECOB09 but in somewhat less depth. Topics to be covered include: summary statistics, special probability distributions (normal, binomial), confidence intervals, hypothesis testing (parametric), and simple and multiple regression. There will be a number of computer assignments.
Limited enrolment: 80 per section.
Exclusions: ANTC35F/S (ANTB43); (ECOB10), (ECOB11F/S), (ECOB12F/S), ECOB09Y; GGRB31F/S; PSYB07F/S; SOCB06F/S; STAB22F/S
Prerequisites: ECOA02Y or ECOA03Y (ECOA01Y)
Session: Winter Day
GGRB27S Location and Spatial Development
Telephone ID #: 06922753
Application of competitive location theory to explain economic landscapes. Topics include Ricardian rents and spatial equilibrium, trade flows and spatial price equilibrium, geographic market areas and spatial pricing policies, location of a firm with mobile resources, and trade theory and regional specialization. Three hours of lectures per week.
Exclusion: GGR220 (JEGB27F/S)
Prerequisite: ECOA02Y
J. Miron
ECOB35S Public Decision Making
Telephone ID #: 04323553
A study of decision making by governments from an economic perspective. The course begins by examining various rationales for public involvement in the economy and then examines a number of theories explaining the way decisions are actually made in the public sector. The course concludes with a number of case studies of Canadian policy making.
Limited enrolment: 60
Prerequisite: ECOA02Y or ECOA03Y (ECOA01Y)
Session: Winter Day
M. Krashinsky
ECOB68S Comparative Economic Systems
Telephone ID #: 04326853
A research-oriented course focused on the application of general systems theory to comparative analysis of alternative economic systems, capitalist, socialist and other. Half of the course will focus on general theoretical systems models; the other half will empirically study Russia, China and other systems.
Exclusion: ECO330
Prerequisite: ECOA02Y or ECOA03Y (ECOA01Y)
Corequisite: ECOB03Y
Session: Winter Day
ECOB81Y North American Economic History
Telephone ID #: 04328163
A survey of important themes in the economic history of Canada and the United States. A comparative approach is employed to develop such themes as the role of natural resource staple industries, urbanization, and the relationship of the state to economic change in the two countries.
Exclusion: ECO221, ECO222, ECO305
Prerequisite: ECOA03Y
Session: Winter Day
ECOC11Y Econometrics
Telephone ID #: 04331163
A formal development of multiple regression analysis. Some matrix algebra will be used. Application of statistical techniques in testing economic theory. The implications and treatment of special statistical problems that arise in estimating economic relationships. A research paper is required.
Exclusion: ECO327
Prerequisite: [ECOB03Y or ECOB04Y] & [ECOB07Y or ECOB08Y] & [ECOB09Y] & [MATA28Y] or [MATA26Y & MATB41F/S] or [permission of instructor].
Session: Winter Day
ECOC13S Advanced Microeconomic Theory
Telephone ID #: 04331353
An upper level extension of the ideas studied in ECOB03. The course offers a more sophisticated treatment of such topics as equilibrium, welfare economics, risk and uncertainty, strategic and repeated interactions, agency problems, and screening and signaling problems.
Exclusion: ECO326
Prerequisite: [ECOB04Y & ECOB09Y] & [MATA28Y or MATA26Y]
Session: Winter Day
ECOC14F Advanced Macroeconomic Theory
Telephone ID #: 04331433
This course will review recent developments in macroeconomics, including new classical and new Keynesian theories of inflation, unemployment and business cycles.
Exclusion: ECO325
Prerequisite: ECOB04Y & ECOB08Y & ECOB09Y & [MATA28Y or MATA26Y] (MATA27Y or MATA55Y)
Session: Winter Day
ECOC20S Economics of the Media
Telephone ID #: 04332053
An examination of the role and importance of communications media in the economy. Topics to be covered include: the challenges media pose for conventional economic theory, historical and contemporary issues in media development, and basic media-research techniques. The course is research-oriented, involving empirical assignments and a research essay. Limited enrolment 60.
Prerequisites: ECOB03Y or ECOB04Y or enrolment in the Arts Administration programme
Session: Winter Evening
ECOC26S History of Economics II: Origins of Modern Economic Theory
Telephone ID #: 04332653
A study of the literature of political economy between 1870 and the 1930's, especially the work of Jevons, Walras, Marshall, Wicksell and the early Keynes.
Exclusion: ECO322
Prerequisite: ECOB03Y or ECOB04Y or ECOB07Y or ECOB08Y
Corequisite: ECOB03Y or ECOB04Y or ECOB07Y or ECOB08Y (whichever is not used to satisfy the prerequisite).
Session: Winter Evening
ECOC31F Economics of the Public Sector: Taxation
Telephone ID #: 04333133
A course concerned with the revenue side of government finance. In particular, the course deals with existing tax structures, in Canada and elsewhere, and with criteria for tax design. Limited enrolment: 60.
Exclusion: ECO236
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
TBA
ECOC32S Economics of the Public Sector: Expenditures
Telephone ID #: 04333253
A study of resource allocation in relation to the public sector, with emphasis on decision criteria for public expenditures. The distinction between public and private goods is central to the course. Limited enrolment: 60
Exclusion: ECO236
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
ECOC37S Law and Economics
Telephone ID #: 04333753
A study of laws and legal institutions from an economic perspective. Includes the development of a positive theory of the law suggesting that laws frequently evolve so as to maximize economic efficiency. The efficiency of various legal principles is examined. Topics covered are drawn from: externalities, property rights, environmental law, contracts, torts, product liability and consumer protection, criminal law, and procedure. Limited enrolment: 60.
Exclusion: ECO320
Prerequisite: ECOB03Y or ECOB04Y (ECOB03Y or ECOB04Y will be accepted as a corequisite when ECOC37F/S is taught in the second term of the winter session)
Session: Winter Day
ECOC40F Economics of Organization and Management
Telephone ID #: 04334033
This course covers economics of the internal organization of the firm. The emphasis will be on the economic relationships between the various parties involved in running a business: managers, shareholders, workers, banks, and the government.
Topics covered will include the role of organizations in market economies,
contractural theory, risk sharing, property rights, corporate financial structure and vertical integration.
Limited enrolment: 60
Exclusion: ECO310
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
H. Lloyd-Ellis
ECOC41S Industrial Organization
Telephone ID #: 04334153
The economics of the firm in a market environment. The aim is to study business behaviour and market performance as influenced by concentration, entry barriers, product differentiation, diversification, research and development and international trade. There will be some limited use of calculus in this course.
Limited enrolment: 60
Exclusion: ECO310
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
ECOC48F Monetary Economics
Telephone ID #: 04334833
This course examines monetary theory and institutions focusing on the relationship among money, prices and economic activity. Topics include: money supply definitions and relevance, a detailed examination of the demand for and supply of money, the term structure of interest rates, targets and instruments of monetary policy, the use of rules versus discretionary monetary policy.
Limited enrolment: 60
Exclusion: ECO348
Prerequisite: ECOB07Y or ECOB08Y
Session: Winter Evening
ECOC51F Labour Economics I
Telephone ID #: 04335133
Applications of the tools of microeconomics to various labour market issues. The topics covered will include: fertility and family formation; labour supply; labour demand; equilibrium in competitive and non-competitive markets; non-market approaches to the labour market; unemployment. Policy applications will include: income maintenance programmes; minimum wages; unemployment insurance benefits; poverty.
Limited enrolment: 60
Exclusion: ECO239, 339
Prerequisite: ECOB03Y or ECOB04Y
Corequisite: ECOB09Y or MGTB10F/S
Session: Winter Evening
ECOC52S Labour Economics II
Telephone ID #: 04335253
A continuation of ECOC51S. Topics covered will include: unions; wage structures; sex and race discrimination; human capital theory; investment in education. Policy issues discussed will include: pay equity; affirmative action; training initiatives; migration.
Limited enrolment: 60
Exclusion: ECO239 and ECO339
Prerequisites: ECOC51F/S
Session: Winter Day
MGTC52F Business Negotiation
Telephone ID #: 33535233
An introduction to the theory and practice of negotiation in business. Almost all business relationships (for example, relationships among managers and relationships with suppliers and customers) require negotiations. This course provides the student with a set of approaches and tactics to use in different forums of negotiations, and an introduction to traditional and emerging procedures for resolving disputes if negotiations break down. To gain practical experience, students will participate in exercises which simulate negotiations.
Limited enrolment: 60
This course will count as a B-course in Economics for Economics programmes.
Exclusion: MGTC54Y
Prerequisite: MGTA02Y, MGTC23F, MGTC24S
Session: Winter Evening
MGTC53S Introduction to Industrial Relations
Telephone ID #: 33535353
An overview of the industrial system and process in Canada. The course will introduce students to: industrial relations theory, the roles of unions and management, employment law, labour law, the impacts of collective bargaining on the economy and the firm, strikes and lockouts, grievance arbitration, collective bargaining in the public sector, occupational health and safety and workers' compensation, and the history of the Canadian industrial relations systems. Students will participate in collective bargaining simulations.
Limited enrolment: 60
This course will count as a B-course in Economics for Economics programmes.
Exclusion: MGTC54Y
Prerequisite: Completion of at least ten full-course equivalents including ECOA03Y or ECOA02Y and MGTA02Y
Session: Winter Evening
ECOC61S International Economics: Finance
Telephone ID #: 04336153
Macroeconomic theories of the balance of payments and the exchange rate in a small open economy. Recent theories of exchange-rate determination in a world of floating exchange rates. The international monetary system: fixed "versus" flexible exchange rates; international capital movements, and their implications for monetary policy. Limited enrolment: 60
Exclusion: ECO328
Prerequisite: ECOB07Y or ECOB08Y
Session: Winter Day
ECOC62F International Economics: Trade Theory
Telephone ID #: 04336233
An outline of the standard theories of international trade: analysis of the factors on which a country's trade with other countries is based and the welfare implications of this trade; and empirical tests of these theories. Economic growth and international trade. The instruments and effects of trade policy (tariffs, quotas, non-tariff barriers); the theory of customs unions. Limited enrolment: 60
Exclusion: ECO328
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
ECOC66F Economic Development
Telephone ID #: 04336633
An introduction to the processes of growth and development in less developed countries and regions. Topics include the role of international trade and investment in developing countries, the problems of population growth and unemployment, inequalities in income distribution, the roles of agriculture and industry.
Limited enrolment: 60
Exclusion: ECO324
Prerequisite: ECOB03Y or ECOB04Y
Session: Winter Day
ECOC67S Development Policy
Telephone ID #: 04336753
A consideration of how government policy can affect the pace and nature of development in Third World countries. Emphasis will be on the most important policies including those relating to rural organization, agricultural goods markets, labour markets, credit markets, land rights systems, income distribution and technological change. Limited enrolment: 60
Exclusion: ECO324
Prerequisite: ECOC66F/S
Session: Winter Day
ECOD50H Workshop in Economic Research
Telephone ID #: 04345043
This course introduces to students the techniques used by economists to define research problems and to do research. In the first term, various members of the staff will discuss their approaches to research. At the end of the term, students will choose a research problem and a faculty member with whom to work. During the second term, students will research and write papers on their topic and present their ongoing work to other members of the class.
Prerequisite: [ECOB04Y & ECOB08Y] or [ECOB03Y & ECOB07Y & first year calculus] & ECOB09Y. This course should be taken among the last 5 courses of a twenty course degree.
Session: Winter Day
ECOD11,ECOD12F and S Supervised Reading
For upper-level students whose interests are not covered in one of the other courses normally offered. Students are expected to design the course with the guidance of a staff member interested in the area of study being proposed. The courses will normally be made available only to students whose performance in Economics courses has been well above average. Students interested in supervised reading courses are urged to contact faculty members well in advance, as not all faculty will be available for these courses in any single term.
Students are advised that they must obtain consent from the supervising instructor before registering for this course.
Session: Summer Day, Summer Evening, Winter Day, Winter Evening
ECOB82Y European Economic History
Exclusion: ECO101, 201, 452
Prerequisite: ECOA02Y or ECOA03Y (ECOA01Y)
ECOC25F History of Economics I: Adam Smith to Karl Marx
Exclusion: ECO322
Prerequisite: ECOB03Y or ECOB04Y or ECOB07Y or ECOB08Y
Corequisite: ECOB03Y or ECOB04Y or ECOB07Y or ECOB08Y (whichever is not used to satisfy the prerequisite).
Full Listing of Courses Not Offered
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