Note: This is the 2023–2024 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 (18 credits)
6 credits from the following:
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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 2023, Winter 2024
Instructors: Gendron-Carrier, Nicolas; Lange, Fabian (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 2024
Instructors: Saltiel, Fernando; Lange, Fabian (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
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ECON 250D1 Introduction to Economic Theory: Honours (3 credits)
Overview
Economics (Arts) : An intermediate level microeconomics course. Includes theory of exchange, theory of consumer behaviour, theory of production and cost curves, theory of the firm, theory of distribution; general equilibrium and welfare economics. The assumptions underlying the traditional neo-classical approach to economic theory will be carefully specified.
Terms: Fall 2023, Winter 2024
Instructors: Xue, Licun (Fall)
Students must register for both ECON 250D1 and ECON 250D2.
No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms
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ECON 250D2 Introduction to Economic Theory: Honours (3 credits)
Overview
Economics (Arts) : See ECON 250D1 for course description.
Terms: Winter 2024
Instructors: Dutta, Rohan (Winter)
Prerequisite: ECON 250D1
No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms
12 credits from:
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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 2023, Winter 2024, Summer 2024
Instructors: Dickinson, Paul (Fall) Sen Choudhury, Eesha (Winter) Sen Choudhury, Eesha (Summer)
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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 2023
Instructors: Babcock, Michael (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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 and 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 2024
Instructors: Zhang, Ling Ling (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: This course is not scheduled for the 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 academic year.
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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 2023
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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2023, Winter 2024, Summer 2024
Instructors: Laszlo, Sonia (Fall) Chemin, Matthieu (Winter) Karaguesian, Julian (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 2023, Winter 2024
Instructors: Chemin, Matthieu (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 2023
Instructors: Karaguesian, Julian (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 2023, Winter 2024
Instructors: Babcock, Michael (Fall) Babcock, Michael (Winter)
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ECON 332 Macroeconomic
Theory: Majors 1 (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 measurement of economic aggregates, economic growth, and the consumption-savings decision and other basic elements of a business cycle.
Terms: Fall 2023
Instructors: Alvarez-Cuadrado, Francisco (Fall)
Prerequisites: ECON 230D1/2 or ECON 250D1/2.
Restrictions: Not open to students who have taken ECON 330D1/D2.
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ECON 333 Macroeconomic Theory - Majors 2 (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: money and banking and business cycles, stabilization policy, and international finance.
Terms: Winter 2024
Instructors: Poschke, Markus (Winter)
Prerequisite: ECON 332
Restriction: Not open to students who have taken ECON 330D1/2.
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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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2023
Instructors: Goncalves, Silvia (Fall)
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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: Winter 2024
Instructors: Cairns, Robert D (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: Winter 2024
Instructors: Cairns, Robert D (Winter)
- ECON 406 Topics in Economic Policy (3 credits)
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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 2023
Instructors: Engle-Warnick, James (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 2024
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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2024
Instructors: Amodio, Francesco (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 2023, Winter 2024
Instructors: Davidson, Russell (Fall) Xue, Licun (Winter)
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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: Winter 2024
Instructors: Lange, Fabian (Winter)
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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2023
Instructors: Chaudhuri, Saraswata (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 2024
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 2023-2024 academic year.
Instructors: There are no professors associated with this course for the 2023-2024 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 2023
Instructors: Dutta, Rohan (Fall)
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MIME 325 Mineral Industry Economics (3 credits) **
Overview
Mining & Materials Engineering : Geographical distribution of mineral resources. Production, consumption and prices of minerals. Market structure of selected minerals. Economic evaluation aspects: grade-tonnage considerations; capital and operating cost estimation; assessment of market conditions; estimation of revenue; taxation; sensitivity and risk analyses; economic optimization of mine development and extraction.
Terms: Winter 2024
Instructors: Kumral, Mustafa (Winter)
(3-2-4)
Prerequisite: FACC 300.
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MIME 526 Mineral Economics (3 credits) **
Overview
Mining & Materials Engineering : Mineral project evaluation techniques and applications. Topics covered include grade-tonnage relationships, capital and operating cost estimation techniques, assessment of mineral market conditions, taxation, discounted cash flow analysis, risk analysis, and optimization of project specifications with respect to capacity and cutoff grade.
Terms: Winter 2024
Instructors: Kumral, Mustafa (Winter)
(3-2-5)
Prerequisite: Permission of instructor. (Background in economics required.)
Not open to students who have taken MIME 325.
* If chosen, students choose either ECON 209 or ECON 332 and ECON 333.
** Note: Only open to Mining and Materials Engineering students.
Faculty of Engineering—2023-2024 (last updated Sep. 12, 2023) (disclaimer)
