New Courses & Special Topics 2018/2019

Monday, June 4, 2018 - 11:59am



World Economic History Prior to 1914 (SSc)

See Academic Calendar for full description


World Economic History After 1914 (SSc)

See Academic Calendar for full description


Foundations of Money and Banking (SSc)

See Academic Calendar for full description


**Students are eligible to take more than one special topics course.**

‚Äč   NOTE: Each lecture section is a different course.

ECO352H5S L0101:

Special Topics: Macroeconomics & 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 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 L0201:

Special Topics: The Financial Crisis & 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 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 L0301: 

Special Topics:  Market Design


The focus of this class is to study how economics can help design market-based mechanisms to solve practical problems. The majority of course focuses on matching markets; in particular, the use of centralized matching mechanisms to assign interns to hospitals, students to schools, kidneys to transplant patients and so on. Additionally, we will study the design of electoral systems, how to use markets to help predict the future and how we can value influencers in social media. In each of these settings, we will begin with a real world application for which economic theory is used to design the market.

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