Note: This is the 2019–2020 eCalendar. Update the year in your browser's URL bar for the most recent version of this page, or .
Program Requirements
Minor Adviser: Faculty Student Adviser in the ÎÛÎÛ²ÝÝ®ÊÓƵ Engineering Student Centre (Student Affairs Office) (Frank Dawson Adams Building, Room 22).
Program credit weight: 18 credits
This Minor consists of 18 credits of required and complementary courses given in the Economics Department. In addition, it is presumed that all Engineering students will have a sufficient background in statistics. Engineering Economy, FACC 300, does not form part of this Minor. Engineering students who want to complete a minor in economics are required to complete the following program rather than one of the minor concentrations offered by the Department of Economics in the Faculty of Arts section of this eCalendar, unless they have obtained permission from the Faculty of Engineering.
All courses in the Minor must be passed with a grade of C or better.
Required Courses
9 credits
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ECON 209 Macroeconomic Analysis and Applications (3 credits) *
Overview
Economics (Arts) : A university-level introduction to national income determination, money and banking, inflation, unemployment and economic policy.
Terms: Fall 2019, Winter 2020, Summer 2020
Instructors: Dickinson, Paul (Fall) Dickinson, Paul; Zhang, Ling Ling; Sen Choudhury, Eesha (Winter) El-Attar Vilalta, Mayssun (Summer)
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ECON 230D1 Microeconomic Theory (3 credits) **
Overview
Economics (Arts) : The introductory course for Economics Major students in microeconomic theory. In depth and critical presentation of the theory of consumer behaviour, theory of production and cost curves, theory of the firm, theory of distribution, welfare economics and the theory of general equilibrium.
Terms: Fall 2019
Instructors: Lange, Fabian; Zhang, Ling Ling (Fall)
Students must register for both ECON 230D1 and ECON 230D2.
No credit will be given for this course unless both ECON 230D1 and ECON 230D2 are successfully completed in consecutive terms
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ECON 230D2 Microeconomic Theory (3 credits) **
Overview
Economics (Arts) : See ECON 230D1 for course description.
Terms: Winter 2020
Instructors: Benchekroun, Hassan (Winter)
Prerequisite: ECON 230D1
No credit will be given for this course unless both ECON 230D1 and ECON 230D2 are successfully completed in consecutive terms
* This requirement is waived for students who choose ECON 330D1/ECON 330D2 from the list of complementary courses. Students may not take both ECON 209 and ECON 330D1/ ECON 330D2.
** Students may, with consent of the instructor, take ECON 250D1/ ECON 250D2 Introduction to Economic Theory: Honours, in place of ECON 230D1/ECON 230D2.
Complementary Courses
9 credits from:
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ECON 225 Economics of the Environment (3 credits)
Overview
Economics (Arts) : A study of the application of economic theory to questions of environmental policy. Particular attention will be given to the measurement and regulation of pollution, congestion and waste and other environmental aspects of specific economies.
Terms: Fall 2019
Instructors: Li, Yifan (Fall)
Restriction: Not open to students who have taken 154-325 or 154-425
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ECON 303 Canadian Economic Policy (3 credits)
Overview
Economics (Arts) : Major theories of how economic policy is made and goes on to use economic tools of analysis to investigate selected policy problems of current interest.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
Prerequisites: ECON 208 and ECON 209 or those listed under Prerequisites above.
Restriction: Not open to students who have taken ECON 303D1/D2 or ECON 403.
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ECON 304 Financial Instruments & Institutions (3 credits)
Overview
Economics (Arts) : Economic analysis of initiating, assembling, pricing and marketing equities of bonds, bills and complex financial instruments; financial innovation; its implications for financial stability and market failure; banks as brokers, underwriters, market makers and international allocators of credit; strategies of private and public agents operating in financial markets, monetary history.
Terms: Winter 2020
Instructors: Lander, Moshe (Winter)
Restriction: Not open to students who have taken ECON 302D1/D2 (6 credits).
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ECON 305 Industrial Organization (3 credits)
Overview
Economics (Arts) : The course analyzes the structure, conduct, and performance of industries, particularly but not exclusively in Canada. Topics include effects of mergers, barriers to entry, product line and promotion policies, vertical integration, and R & D policies of firms.
Terms: Fall 2019
Instructors: Lasio, Laura (Fall)
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ECON 306 Labour Markets and Wages (3 credits)
Overview
Economics (Arts) : Examination of the implications on wage structures of differences in job conditions, levels and type training, long-term employment relationships, unionization etc. A variety of socioeconomic policy issues including subsidies for higher education, government regulation of workplace safety, and the role and treatment of women in today's labour force are explored.
Terms: Fall 2019
Instructors: Dickinson, Paul (Fall)
Prerequisites: ECON 208 and ECON 209, or ECON 230D1/D2, or ECON 250D1/D2
Restriction: Not open to students who have taken ECON 306D1/D2.
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ECON 308 Governmental Policy Towards Business (3 credits)
Overview
Economics (Arts) : Covers the major public policies toward business in Canada, such as competition policy, regulation, public ownership and privatization, industrial policies, and trade policies. Includes comparison with policies of other countries, especially the U.S. Readings will include some legal decisions.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 313 Economic Development 1 (3 credits)
Overview
Economics (Arts) : Microeconomic theories of economic development and empirical evidence on population, labour, firms, poverty. Inequality and environment.
Terms: Fall 2019, Winter 2020, Summer 2020
Instructors: Chemin, Matthieu; Sen Choudhury, Eesha (Fall) Sen Choudhury, Eesha (Winter) Sen Choudhury, Eesha (Summer)
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ECON 314 Economic Development 2 (3 credits)
Overview
Economics (Arts) : Macroeconomic development issues, including theories of growth, public finance, debt, currency crises, corruption, structural adjustment, democracy and global economic organization.
Terms: Fall 2019, Winter 2020
Instructors: Sen Choudhury, Eesha (Fall) Grimard, Franque (Winter)
Prerequisite: ECON 313
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ECON 316 The Underground Economy (3 credits)
Overview
Economics (Arts) : The origins, structure and operation of the "underground" sectors of modern economies around the world. Topics include the causes of black marketeering in Western economies; international contraband trade in guns and drugs; money laundering through the world financial system.
Terms: Fall 2019
Instructors: Naylor, Robin Thomas (Fall)
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ECON 326 Ecological Economics (3 credits)
Overview
Economics (Arts) : Macroeconomic and structural aspects of the ecological crisis. A course in which subjects discussed include the conflict between economic growth and the laws of thermodynamics; the search for alternative economic indicators; the fossil fuels crisis; and "green'' fiscal policy.
Terms: Fall 2019, Winter 2020
Instructors: Naylor, Robin Thomas (Fall) Naylor, Robin Thomas (Winter)
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ECON 330D1 Macroeconomic Theory (3 credits)
Overview
Economics (Arts) : A review of basic economic concepts and tools with an in depth and critical presentation of the fundamental areas of macroeconomic theory. Topics include: the determination of output, employment and price level; money and banking and business cycles; stabilization policy; international finance and growth theory.
Terms: Fall 2019, Winter 2020
Instructors: Barczyk, Daniel; Alvarez-Cuadrado, Francisco (Fall)
Prerequisite: ECON 230 or ECON 250. If a student has already taken 154-200 or 154-203 and 154-204 or ECON 208 and ECON 209, it may be concurrently taken with ECON 230 with the permission of the instructor
Students must register for both ECON 330D1 and ECON 330D2.
No credit will be given for this course unless both ECON 330D1 and ECON 330D2 are successfully completed in consecutive terms
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ECON 330D2 Macroeconomic Theory (3 credits)
Overview
Economics (Arts) : See ECON 330D1 for course description.
Terms: Winter 2020
Instructors: Barczyk, Daniel; El-Attar Vilalta, Mayssun (Winter)
Prerequisite: ECON 330D1
No credit will be given for this course unless both ECON 330D1 and ECON 330D2 are successfully completed in consecutive terms
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ECON 335 The Japanese Economy (3 credits)
Overview
Economics (Arts) : The first part of the course covers the economic institutions in, ÎÛÎÛ²ÝÝ®ÊÓƵ structure of, and public policies employed by the Japanese economy. The second part probes the economic "logic" of the Japanese capitalist system, explores its relationship to the ideas of Joseph Schumpeter, and makes comparisons with the American economy.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 336 The Chinese Economy (3 credits)
Overview
Economics (Arts) : Examination of the growth and transformation of the Chinese economy and the domestic and international implications.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
Prerequisites: ECON 208 and ECON 209 (or ECON 230D1/D2 or 250D1/D2).
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ECON 337 Introductory Econometrics 1 (3 credits)
Overview
Economics (Arts) : The practical application of quantitative methods in statistical investigations.
Terms: Fall 2019
Instructors: Lander, Moshe (Fall)
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ECON 344 Industrial Revolution and Economic Development (3 credits)
Overview
Economics (Arts) : This course examines the processes of industrialization in Europe, and its impact on growth and development in selected European and other countries. Topics include technological advancements, demographic changes, urbanization, and economic crises.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 345 The International Economy since 1914 (3 credits)
Overview
Economics (Arts) : Studies the history of economic adjustments in the 20th century, with particular reference to the industrialized countries. Topics include: the economic impact of WWI, the attempts to revive the international economy in the 1920s, the causes and consequences of the Great Depression of the 1930s, and the economic problems and subsequent economic boom following WWII.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
Prerequisites: ECON 208 and ECON 209, or MGCR 293 and ECON 295, or ECON 230D1/D2, or ECON 250D1/D2
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ECON 347 Economics of Climate Change (3 credits)
Overview
Economics (Arts) : The course focuses on the economic implications of, and problems posed by, predictions of global warming due to anthropogenic emissions of greenhouse gases. Attention is given to economic policies such as carbon taxes and tradeable emission permits and to the problems of displacing fossil fuels with new energy technologies.
Terms: Fall 2019, Winter 2020
Instructors: Saghir, Sandra (Fall) Saghir, Sandra (Winter)
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ECON 405 Natural Resource Economics (3 credits)
Overview
Economics (Arts) : Topics include: Malthusian and Ricardian Scarcity; optimal depletion of renewable and non-renewable resources; exploration, risk and industry structure, and current resources, rent and taxation. Current public policies applied to the resource industries, particularly those of a regulatory nature.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 406 Topics in Economic Policy (3 credits)
Overview
Economics (Arts) : Selected policy issues are investigated using economic theory. For details on topics covered in the current year, consult the instructor.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 408 Public Sector Economics 1 (3 credits)
Overview
Economics (Arts) : Theoretical and empirical economic analysis of the public sector with an emphasis on public goods and government spending. Study of Canadian institutions in international perspective.
Terms: Fall 2019
Instructors: Zhang, Ling Ling (Fall)
Prerequisite: ECON 230D1/D2 or 250D1/D2 or permission of the instructor.
Not open to students who have already completed ECON 408D1/D2.
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ECON 409 Public Sector Economics 2 (3 credits)
Overview
Economics (Arts) : Theoretical and empirical economic analysis of the public sector with an emphasis on taxation. Study of Canadian institutions in international perspective.
Terms: Winter 2020
Instructors: Zhang, Ling Ling (Winter)
Prerequisite: ECON 408 or permission of the instructor
Restriction: Not open to students who have taken ECON 408D1/D2
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ECON 411 Economic Development: A World Area (3 credits)
Overview
Economics (Arts) : An advanced course in the economic development of a pre-designated underdeveloped country or a group of countries.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 416 Topics in Economic Development 2 (3 credits)
Overview
Economics (Arts) : This course gives students a broad overview of the economics of developing countries. The course covers micro and macro topics, with particular emphasis on the economic analysis at the micro level.
Terms: Winter 2020
Instructors: Stratica, Cristian (Winter)
Prerequisite(s): ECON 230 or ECON 250 and ECON 227D1/D2 or equivalent, or permission of the instructor.
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ECON 420 Topics in Economic Theory (3 credits)
Overview
Economics (Arts) : The course discusses selected topics in micro or macroeconomic theory at an advanced level. Possible topics include welfare economics, general equilibrium, theories of firms, consumer behaviour, intertemporal choice, uncertainty, game theory, etc.
Terms: Fall 2019
Instructors: Davidson, Russell (Fall)
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ECON 426 Labour Economics (3 credits)
Overview
Economics (Arts) : The determinants of labour supply, demand and the structure of earnings are considered. The economic effects of government policies, such as minimum wage laws, unemployment insurance, welfare and training programs and subsidies to higher education are analyzed. A rigorous theoretical and "hands on'' empirical approach is emphasized.
Terms: Fall 2019
Instructors: Lange, Fabian (Fall)
Prerequisite: ECON 230D1/D2 or ECON 250D1/D2 or ECON 306D1/D2.
- ECON 434 Current Economic Problems (3 credits)
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ECON 440 Health Economics (3 credits)
Overview
Economics (Arts) : The organization and performance of Canada's health care system are examined from an economist's perspective. The system is described and its special features analyzed. Much attention is given to the role of government in the system and to financing arrangements for hospital and medical services. Current financial problems are discussed.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 468 Econometrics 1 - Honours (3 credits)
Overview
Economics (Arts) : The statistical basis of econometric modelling and treatment of the linear regression model; simple time series models; procedures for inference in linear cases; an introduction to methods for dealing with endogeneity and non-constant variance.
Terms: Fall 2019
Instructors: Davidson, Russell (Fall)
Prerequisite(s): ECON 257D1/D2 or permission of the instructor.
Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2
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ECON 469 Econometrics 2 - Honours (3 credits)
Overview
Economics (Arts) : Treatment of asymptotic theory and classical inferential procedures, an introduction to the bootstrap, maximum likelihood, non-linear models, mis-specification testing, non-stationarity and limited dependent variable models.
Terms: Winter 2020
Instructors: Goncalves, Silvia (Winter)
Prerequisite: ECON 468
Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2
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ECON 525 Project Analysis (3 credits)
Overview
Economics (Arts) : A course in cost benefit analysis for graduate and advanced undergraduate students.
Terms: This course is not scheduled for the 2019-2020 academic year.
Instructors: There are no professors associated with this course for the 2019-2020 academic year.
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ECON 546 Game Theory (3 credits)
Overview
Economics (Arts) : This course introduces students to game theory, the branch of the social sciences that focuses on the formal modelling and analysis of human interactions and strategic behaviour. Basic concepts in cooperative and non-cooperative games are applied to economic models.
Terms: Fall 2019
Instructors: Dutta, Rohan (Fall)
Note: Mining Engineering students are permitted to include MIME 526 Mineral Economics among the Complementary Courses.
