New Courses & Special Topics 2017 - 2018

Wednesday, April 19, 2017 - 11:59am

ECO352H5F L0101:

Special Topics: The Financial Crisis & the Actions of Central Banks  

Description: 

The course will review the main theories of financial crises, the specific causes of the recent financial crisis, and the effects of the crisis on the wider economy. In particular, the course will examine the theoretical links or transmission channels that exist between the real and financial sectors of the economy and the policy actions taken by central banks to limit the degree of contagion between the two sectors.

The recent financial crisis created significant stress on the financial systems of many industrialized countries. It also resulted in a severe global recession that greatly reduced output. Central banks helped to reduce the potential losses in economic activity in part by making extraordinary changes to policy, and by implementing a new set of tools. The crisis provides a number of important policy lessons concerning financial stability. While price stability is the primary objective of monetary policy, this course will examine how financial system developments and risks may be better integrated into the formulation and implementation of monetary policy. In addition, the course will examine the entire set of macroprudential policies that may help reduce the procyclicality of systemic risk and the build-up of structural vulnerabilities in the financial system. These include adjustments to banking regulations including capital requirements, liquidity ratios, and the valuation of collateral. The course will also examine adjustments in central bank liquidity operations during crises that improve the resilience of the financial system.
 

Prerequisite:  ECO200Y5/204Y5/206Y5; ECO202Y5/209Y5/208Y5; ECO220Y5/227Y5/(STA256H6,STA260H5)

 

ECO352H5S L0101:

Special Topics: Macroeconomics & the Labour Market  

Description:

The aim of this course is to provide students with an overview of recent macroeconomic research on the labour market. We will discuss theoretical models as well as empirical evidence. Topics which will be covered include search frictions, labour market flows, sorting, inequality, occupational mobility, and human capital accumulation.

Prerequisite:  ECO200Y5/204Y5/206Y5; ECO202Y5/208Y5/209Y5; ECO220Y5/227Y5/STA(256H5,258H5)/STA(256H5,260H5)

 

ECO352H5S L0102: 

Special Topics:  Fundamentals of Money, Banking  & Financial Markets

Description:

This course explores a wide range of topics on the theories of money and banking. The strategy of the course is to develop a series of models to examine the importance of money and banks. The topics examined in this framework include: the role of money and the financial system, effects of inflation, public pensions and national debt, and the role and importance of banks. Compared with ECO349H5, the course covers fewer topics, but it covers them in greater depth.

Exclusion: ECO349H5, 349H1

Prerequisite:  ECO200Y5/204Y5/206Y5; ECO202Y5/208Y5/209Y5; ECO220Y5/227Y5/STA(256H5,258H5)/STA(256H5,260H5)

 

ECO406H5 L0101: 

Advanced Public Economics  (NEW Course exclusion to 412Y5)

Description:

This course addresses empirical and theoretical issues in public economics. This course will be especially focused on issues related to poverty and inequality. Topics include minimum wage, social mobility, neighbourhood effects, welfare, and social insurance. We will also discuss the tools economists use to measure the causal effects of policies, and consider how statistics often presented in policy debates may be biased. After this course, students should be comfortable reading research papers in economics. 

Exclusion: ECO412Y5

Prerequisite:  ECO200Y5/204Y5/206Y5; ECO220Y5/227Y5/STA(256H5,258H5)/STA(256H5,260H5)

 

ECO411H5 L0101: 

Human Capital and Education in the Economy (NEW Course exclusion to 412Y5)

Description:

This course addresses empirical and theoretical issues in education economics. Topics will include the interaction of human capital with growth and inequality, teacher incentives and teacher quality, early childhood education, and the racial achievement gap. We will also discuss the tools economists use to measure the causal effects of policies, and consider how statistics often presented in policy debates may be biased. After this course, students should be comfortable reading research papers in economics.

Exclusion: ECO412Y5

Prerequisite:  ECO200Y5/204Y5/206Y5; ECO220Y5/227Y5/STA(256H5,258H5)/STA(256H5,260H5)