Department of Economics Courses
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Conflicting Courses
It is possible to register in conflicting courses on ROSI. However, there are published warnings about this in our registration handbook and the conflicting courses do appear in red if a student ‘views their timetable’ on ROSI.
Students who remain in conflicting courses are fully responsible for all materials presented, all assignments, all tests, etc. of BOTH courses and cannot expect to be accommodated if they happen to have conflicting term test times or exams. You are expected to attend all course classes.
Economics Specialist Students Graduating in 2012
This announcement is directed to the students in Economics Specialist programs who have not yet taken ECO323Y5 and will be graduating in June or November 2012.
Considering the fact ECO323Y5 will not be offered in 2011-2012, we will accept one of the following courses as a substitute course to complete your Specialist program and graduate in 2012:
310Y: Industrial Organization & Public Policy
320Y: Economic Analysis of Law
324Y: Economic Development
333Y: Urban Development
336Y: Public Policy
370Y: Economics of Organizations
Please note this applies ONLY to Economics Specialist students who have NOT yet taken ECO323Y5 and will graduate in 2012.
Commerce Students
Students gaining entry into Specialist programs in Commerce also qualify for an Economics Major program. This program will only be listed on your transcript if you request the Subject POSt.
Please apply for the Economics Major program at the same time you apply to your Commerce Specialist program.
Important Notice regarding ECO361Y5 (Labour Economics)
ECO343H5 plus 344H5 have replaced ECO361Y5. This does not change the program requirement for the HRIR Major.
You can use ECO361Y5 for those who have already taken the course, or the combination of replacement courses (ECO343H5 plus 344H5), or ECO261H5.
You cannot apply only ECO343H or 344H5 toward the program, it is the combination of these two courses that has replaced ECO361Y5. You also cannot take these new courses unless you meet the proper course prerequisites.
Please be advised that this course will be offered for the last time this coming summer. As of September 2011, ECO361Y5 will be broken down to two half credit courses: ECO343H5F (Labour Economics & Public Policy), and ECO344H5S (Labour Economics & Market Frictions).
New for 2012 - 2013
ECO350Y5: Special Topics in Economics - Capitalism, Innovation and Prosperity
This course will evaluate the ability of capitalism to generate higher standards of living. In the first term, attention will be focused on: micro conditions for efficient resource allocation [Pareto Optimality] including trade and innovation; the Marxian model; the Schumpeterian model; the Long Wave sixty year Kondratieff Cycle [including the importance of economic infrastructure] and the current Millennium issue of poverty reduction. In the second term, the following topics will be analyzed: Solow’s contribution to economic growth with modifications by Denison; the importance of labour productivity after Krugman; an assessment of the importance of R & D, innovation, technological change and standards of living; the convergence of Japan in the post-war period under an export-led growth strategy; the differences between Japan and the United States on capitalism and trade balances since 1955; the economic slowdown of 1973; Canada’s twin deficit story benchmarked against the U. S. and current topics on capitalism, including the recent work of Baumol and the issue of globalization. The course ends with suggestions about the future of capitalism and includes a strategy to induce a new Long Wave upswing.
Prerequisites: ECO200Y5/204Y5/206Y5,202Y5/208Y5/209Y5,220Y5/227Y5/STA(250H1,257H5)/STA(257H5,261H5)/STA(257H5,248H5/258H5)
ECO400Y5: Economics Internship
Through a part time, unpaid, 200-hour work placement, fourth year students apply economics content and skills. Placements are made throughout the GTA in both the private and public sectors.
Successful candidates gain an opportunity to enhance their University experience through on-site work placements providing the possibility to develop skill sets within a business setting.
Monthly class meetings plus year-end report and presentation are required. This opportunity is restricted to students in an Economics Specialist Program. Apply to Course Director, K. Wong (Room 114C, Kaneff Centre), kn.wong@utoronto.ca.
Exclusion: ENV400Y5, BIO400Y5
Prerequisites: Fourth year standing in Economics Specialist Program. 3.0 CGPA
New for 2011 - 2012
ECO440H5S: Special Topics: Advanced Topics in Financial Economics
This course deals with the following topics in financial economics:
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Theoretical and empirical issues concerning the relevance of corporate financial structure
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Interactions between corporate investment and financing decisions
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The role of the financial system and the legal system in economic development and growth
There is no required textbook. The course will rely quite extensively on readings of journal articles.
A recommended book is:
T. Copeland, J. Weston, K. Shastri, Financial Theory and Corporate Policy, Addison-Wesley, 2005, fourth edition.
Prerequisites: ECO206Y5 (70%); ECO208Y5 (70%); ECO227Y5 (70%); ECO358H5
ECO343H5: Labour Economics and Public Policy
This course uses both applied microeconomic theory and empirical analysis to examine labour markets in Canada. The course is especially focused on the link between research and public policy. Topics to be covered include: labour supply and demand, minimum wages, immigration, human capital, education production, inter – and intra – generational equality, and peer effects. At the end of the course students should have a firm grasp of key policy issues involving Canada’s labour market and be able to critique the equality of other empirical studies.
Exclusion: ECO361Y5, 239Y1, 339Y1
Prerequisite: ECO200Y5/204Y5/206Y5; 220Y5/227Y5/STA(250H1,257H5)/STA(257H5,261H5)/STA(257H5,248H5/258H5)
ECO344H5: Labour Economics and market Frictions
This course studies the economic behaviour of employers and employees as they interact in the labour market. The class extends beyond basics of labour supply and demand to consider cases when markets are not always perfectly competitive. The course will cover such topics as segmented labour markets, unionization and collective bargaining, unemployment, monopsony, and discrimination.
Exclusion: ECO361Y5, 239Y1, 339Y1
Prerequisite: ECO200Y5/204Y5/206Y5; 220Y5/227Y5/STA(250H1,257H5)/STA(257H5,261H5)/STA(257H5,248H5/258H5)