Economics Courses

ECON 5F00
Research Essay
Reading and research under the supervision of a faculty member from Economics or Business. A presentation of the research in progress will be scheduled by the Graduate Program Director in consultation with the Essay supervisor.

ECON 5N01
Internship Placement I
Internship work placement (4 months) with an approved employer.

ECON 5N02
Internship Placement II
Internship work placement (4 months) with an approved employer.

ECON 5N04
Internship Placement III
Internship work placement (4 months) with an approved employer.
Note: approval of the Graduate Program Director is required.

ECON 5N11
Mathematics and Statistics Review for Economists
This course will review sets and functions, matrix algebra, constrained and unconstrained optimization, and probability theory. This is a non-credit course and is required for all students.

ECON 5N90
Internship Training and Development
Framework for the development of learning objectives by students for individual work terms. Includes orientation to the internship experience, goal setting, résumé preparation, interview skills preparation.

ECON 5P01
Microeconomic Theory
The economic theory of individual and business decision making with emphasis on market structure and business strategy. Topics include consumer theory, the theory of the firm, imperfect competition, game theory, as well as the economics of information and uncertainty.

ECON 5P02
Macroeconomic Theory
Modern macroeconomic analysis is used to study the determination of the level of economic activity and the factors contributing to long-term growth. Important social issues such as unemployment and inflation are examined in order to identify their causes, consequences, and possible cures. The instruments of government policy, fiscal and monetary, are analyzed in the same context.

ECON 5P03
Econometrics
Econometric theory and methods covering the basic linear and nonlinear regression models, dynamic models, hypothesis testing, confidence intervals with extensions to the case of instrumental variables, the generalized method of moments and the method of maximum likelihood. Cross-section and time-series examples.

ECON 5P04
Topics in Applied Economics
An examination of economic theories and empirical techniques to investigate applied problems relevant to the area of business economics. Topics include time-series and cross-section econometrics, with application to forecasting, financial, and marketing problems.
Prerequisite(s): ECON 5P03

ECON 5P05
Cost-Benefit Analysis, Project Appraisal, and Decision Analysis
A theoretical and empirical treatment of rational decision making, including cost-benefit and cost-effectiveness analysis, and their application to project evaluation.
Prerequisite(s): ECON 5P01

ECON 5P06
Labour Economics
Economics of the labour market, components of the demand and supply of labour to yield simple models of wage determination. The effects of compensating wage differentials, human capital accumulation and signaling, discrimination, incentive wages and labour unions. The causes of unemployment, search theory, implicit contract and efficiency wages. Public policy issues, minimum wages, mandatory retirement and immigration.
Prerequisite(s): ECON 5P01

ECON 5P07
International Trade
International trade theory and the political economy of trade policies. Topics include endogenous growth and trade, tariff and non-tariff barriers to trade, international economic integration, and factor mobility.
Prerequisite(s): ECON 5P01

ECON 5P08
International Payments
An advanced treatment of open-economy macroeconomic issues including international capital, goods, and services flows. Such flows complicate the conduct of national monetary and fiscal policies while, at the same time, providing opportunities for economic growth.
Prerequisite(s): ECON 5P02

ECON 5P09
Industrial Organization
Strategic analysis of conflict and cooperation with applications to market structure and the behaviour of firms. Topics may include price discrimination, advertising, oligopoly, product differentiation, and antitrust issues.
Prerequisite(s): ECON 5P01

ECON 5P10
Environmental and Natural Resource Economics
The economic analysis of natural resources such as oil, fisheries, forests, and water and environmental impact upon an economy. Emphasis is placed on the development of theoretical models for the efficient and sustainable use of resources and on the design of appropriate government policies in the event of market failure. The analysis is complemented by an examination of specific real-world cases and government policies.
Prerequisite(s): ECON 5P01

ECON 5P13
Analysis of Time Series
Econometric models and their application to modeling and prediction of time series data. Learning objectives will be both theoretical in terms of concepts studied in class as well as practical in terms of being able to apply concepts developed in class and employing them in different time series projects.
Prerequisite(s): ECON 5P03