Course Notices

NEW ECO101H1 and ECO102H1

Please note the new St. George Economic exclusion to ECO100Y5: 

Exclusion: ECO100Y1/(101H1 (63%) and 102H1 (63%))


Approved Substitute Courses for ECO322Y5 and ECO323Y5 (2016-2017 Academic Year ONLY)

ECO322Y5 and ECO323Y5 will not be offered in the 2016-2017 academic session therefore students are to choose 1.0 credits from the following list as a substitute equivalent - valid for the 2016-2017 academic year only (courses taken in Summer 2016 will also be counted).

ECO320Y5 - Economic Analysis of Law

ECO336Y5 - Public Economics

ECO343H5 - Labour Economics & Public Policy

ECO344H5 - Labour Economics & Market Frictions

ECO373Y5 - The Environment - Perspectives from Economics & Ecology

ECO412Y5 - Human Capital & Education in Economics

ECO433H5 - Family Economics

ECO435H5 - Growth & Development of the Chinese Economy

ECO439Y5 - The Economics of Cities & Regions

ECO456H5 - Public Policy Analysis

ECO475H5 - Applied Econometrics II

Economics Specialist 

Important Notice:

Please note the requirements for our Economics Specialist program have changed from previous years.  Students now request a Specialist program only AFTER second year once they have successfully completed the proper course prerequisites.

Students intent on entering an Economics Specialist or Financial Economics Specialist program are encouraged to request an Economics Major program while working toward their goal.  This ensures they have the opportunity to register for Economics courses during the first round of registration.  However,  before submitting a Subject POSt request for an Economics Major please ensure you meet the proper prerequisites.

ECO202Y5 - Important Notice

Please note:

MAT133Y5 is a co-requisite to ECO202Y5. You must be registered in MAT133Y5 or MAT135Y5 to remain registered in ECO202Y5, unless you have already completed one of these MAT courses. If you do not meet this requirement, you will be removed from ECO202Y5.

Revised Exclusion Notices - ECO220Y & ECO227Y

For clarification please note:

ECO220Y5 Quantitative Methods in Economics (SSc,SCI)

An introduction to the use of statistical analysis, including such topics as elementary probability theory, sampling distributions, tests of hypotheses, estimation; analysis of variance and regression analysis. Emphasis is placed on applications in economics and business problems. [48L, 24T]

Exclusion: BIO(360H5,361H5); ECO227Y5; MAT(123H1,124H1); STA218H5; STA(220H5, 221H5,257H5/256H5/258H5); STA(250H1,255H1);


PSY(201H5,202H5); SOC(350H5,351H5)

Prerequisite: ECO100Y5 (67%), or ECO100Y5 (63%) and a CGPA 2.50; MAT133Y5/134Y5/135Y5/137Y5

ECO227Y5 Quantitative Methods in Economics (SSc,SCI)

This course deals more rigorously with the topics included in ECO220Y5. It is a requirement for certain Specialist Programs and is strongly recommended to adequately prepare students for ECO327Y5. This course is also recommended for students contemplating graduate school. [48L, 24T]

Exclusion: BIO(360H5, 361H5); ECO220Y5; STA(220H5,221H5,248H5/258H5), STA(250H1, 255H1); STA(257H5/256H5,261H5/260H5); PSY(201H5,202H5); MAT(123H1,124H1);


Prerequisite: ECO100Y5(70%); MAT133Y5 (80%)/134Y5/135Y5(63%)/137Y5(60%)


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.


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 and meet the current Economics Major requirements.

Please apply for the Economics Major program at the same time you apply to your Commerce Specialist program.


Updated List of Approved Writing Courses for Commerce Students

  • ECO318H5 - Economics of Culture & Institutions
  • ECO320Y5 - An Economic Analysis of Law
  • ECO324Y5 - Economic Development
  • ECO327Y5 - Applied Econometrics
  • ECO333Y5 - Urban Economics
  • ECO336Y5 - Public Economics
  • ECO343H5 - Labour Economics & Public Policy
  • ECO344H5 - Labour Economics & Market Frictions
  • ECO373Y5 - The Environment: Perspectives from Economics & Ecology
  • ECO352H5S (L0102) - Financial Crisis & Actions of Central Banks
  • ECO412Y5 - Human Capital and Education in the Economy
  • ECO433Y5 - Family Economics
  • ECO435H5 - Growth & Development of the Chinese Economy
  • ECO439Y5 - The Economics of Cities & Regions: Productivity, Technology & Jobs
  • ECO456H5 - Public Policy Analysis
  • ECO463H5 - Financial Market Microstructure


New Courses

ECO352H5F: Macroeconomics and the Labour Market

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

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

ECO318H5: Economics of Culture & Institutions: Empirical Methods & Applications

The purpose of the course is to introduce students to the field of Economics of Culture and Institutions while at the same time introducing students to some powerful empirical methods.  We will discuss the role of culture in determining economic choices and the relationship between culture and institutional development.  [24L]

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

Exclusion:  ECO439Y5

ECO352H5S: Special Topics - Market Design

This class will study the design and use of market-based mechanisms to solve problems of economics resource allocation. The course will cover a number of different settings with a focus on three main economics applications. The first is matching markets, in particular the use of centralized matching mechanisms to assign students to courses, workers to jobs, kidneys to transplant patients and so forth. The second is the allocation of goods such as radio spectrum, advertising, and financial assets using auctions. The third is the design of successful marketplaces and "two-sided" platforms. In each of these settings, the theory will be connected closely to real world applications.

Pre-requisite: ECO200Y5/204Y5/206Y5/,220Y5/227Y5/STA(250H1,257H5/256H5)/STA(257H5/256H5,261H5/260H5/STA(257H5/256H5,248H5/258H5

ECO439Y5: The Economics of Cities & Regions: Productivity, Technology & Jobs

Examination of the causes and the consequences of differences in economic outcomes across localities within a country.
Despite all the talk about the “death of distance”, geography matters more than ever. Regional differences within many countries have increased in the past decades, and where a person lives today has a very large impact on many aspects of his or her life. This course is a journey through the current economic landscape. We will explore places that are growing and places that are declining. For instance, we will discover why the labor market in New York and Boston has been so much better than the one in Detroit and Cleveland in the past 35 years. We will visit the industrial districts of Italy and study how knowledge diffuses among firms located near each other, and the implications for local productivity and innovation. We will study how British and Canadian local labor markets are affected by the fact that certain industries and occupations are dying. We will travel to Africa, and discuss the extent to which investment from Asia serves to catalyze economic development in Ethiopia’s regional economies. In doing so, we will try to understand the economic forces driving trends in wages, productivity and innovation across cities and regions. These are the forces that will define the geography of future jobs and will shape the economic destiny of local communities around the world.

Prerequisite: ECO200Y5/204Y5/206Y5/,220Y5/227Y5/STA(250H1,257H5/256H5)/STA(257H5/256H5,261H5/260H5/STA(257H5/256H5,248H5/258H5

ECO352H5 L0102 Special Topics: The Financial Crisis and the Actions of Central Banks

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 exists 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 provide 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.

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