400 Level

ECON 401 Advanced Microeconomics

An advanced treatment of micro-economic concepts and topics, such as consumer choice and demand analysis, production technology and cost, market structure and pricing, factor markets and shares, general equilibrium and economic welfare. Prerequisites: ECON 301; MATH 111, 112; ECON 471. Credit will be granted for only one of ECON 401 and ECON 412. Three credits.

ECON 402 Advanced Macroeconomics

An advanced treatment of macroeconomic theory and how macroeconomic policy is conducted. The course offers deeper insights into economic growth processes, business cycles, international macroeconomics stabilization policies, and alternative approaches to build macroeconomic models. Students are introduced to the use of two-period models. Prerequisites: ECON 302; MATH 111, 112, ECON 471. Three credits.

ECON 471 Mathematical Economics

An introduction to mathematical reasoning in economics and business, this course covers; the methodology of operations research; profit and cost analysis; resource use and production decisions; input-output and macro-analysis; pricing and inventory decisions; capitalization of cash flows and growth; portfolio selection and investment. Prerequisites: MATH 111, 112. Three credits.

ECON 491 Selected Topics I

Course content changes from year to year and may reflect faculty involvement in a specific area of research.

Topic for 2014-15: International Economic Policy & Problems

This course provides students with a detailed review of current economic and political events and introduces the application of economic theory to problems observed in the world economy. Topics include globalization and economic integration; global financial crises; international trade and finance; global inequality and poverty; aid and development; growth and income distribution; environmental issues and health care and new economic debates. Some topic may change to cover more recent occurences of economic events.

ECON 492 Selected Topics II

The specific contents of the course will change from year to year and may reflect faculty involvement in a specific area of research.

Topic for 2014-15: Law and Economics

This course uses economic theory to understand the general structure of law. It is not a law course. Specifically, it analyzes the economic logic of law, how alterations in laws influence the allocation of resources, and how general economic activity feedback can influence the law. The course begins with a general discussion of economic reasoning and the concept of efficiency. It then examines the Coase Theorem in considerable detail, and in so doing builds a basic theory of law based on transactions costs. After these introductory foundations, we move on to cover the legal topics of property, torts & liability, and crime. Three credits.

ECON 493 Seminar

A capstone course intended to provide students with an overview of the discipline of economics. The approach taken may depend on the area of expertise of the instructor, and topics are determined to some extent by the interests of students. The course normally surveys the history of economic thought so that students gain an understanding of the evolution of the discipline, its methodology, and its relationship to economic policy. Other course content that achieves similar goals may be substituted. Three credits.

ECON 494 Thesis

Each student works under the supervision of a professor who guides the selection of a thesis topic, the use of resources, and the methodological component, and the quality of analysis. Restricted to honours students. Three credits over full year.

ECON 499 Directed Study

A directed study course advanced topics in economics. See section 3.5. Students wishing to take this course must consult the department chair. Three credits.