uwloo

Economics (ECON)

116 courses in Waterloo’s course catalog for 2021–22 (Fall 2021, Winter 2022, Spring 2022), from UW Open Data. ucalendar asks programs not to read that year’s calendar, so this stands in for it. Original: ucalendar.uwaterloo.ca/2122/COURSE/course-ECON.html

ECON 100 Principles of Economics

This course provides an introduction to the basic concepts and tools of micro and macro economic analysis of individuals, businesses, and government in the global world. Topics may include consumers, producers, market structures, national income accounting, unemployment, and inflation.

Prereq: Mathematics/Chartered Professional Accountancy. Antireq: ECON 101

LEC · Course ID 014062On ucalendarECON 100 today

ECON 101 Introduction to Microeconomics

This course provides an introduction to microeconomic analysis relevant for understanding the Canadian economy. The behaviour of individual consumers and producers, the determination of market prices for commodities and resources, and the role of government policy in the functioning of the market system are the main topics covered.

Prereq: Not open to Management Engineering students. Antireq: ECON 100/COMM 103

LEC · Course ID 004874On ucalendarECON 101 today

ECON 102 Introduction to Macroeconomics

This course introduces students to the measurement and behaviour of key macroeconomic variables both in Canada and around the world. Topics include national accounts, inflation, interest rates, wages, international balance of payments, business cycles, growth, employment, unemployment, poverty, and inequality.

LEC · Course ID 004877On ucalendarECON 102 today

ECON 120W Introduction to Microeconomics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

Antireq: ECON 101

LEC · Course ID 004881On ucalendarECON 120W today

ECON 140W Introduction to Macroeconomics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

Antireq: ECON 102

LEC · Course ID 004882On ucalendarECON 140W today

ECON 201 Microeconomic Theory for Business and Policy

This course offers an introduction to the theory of market based economies. Topics include consumer choice, production, price and output under perfect and imperfect competition, price discrimination and two part pricing, vertical and horizontal firm boundaries and integration, and market structure.

LEC · Course ID 004885On ucalendarECON 201 today

ECON 205W Introduction to Applied Statistics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Calendar for details.

Prereq: Not open to Math students. Antireq: Any UW introductory statistics course, BUS 255W

LEC · Course ID 010986On ucalendarECON 205W today

ECON 206 Money and Banking 1

This course offers an overview of the functioning of the financial system both in Canada and abroad. It includes discussions of money and inflation, financial assets, and financial institutions and intermediaries.

LEC · Course ID 015179On ucalendarECON 206 today

ECON 207 Economic Growth and Development 1

This course offers an overview of the enormous differences in living standards across countries and over time, and it considers how these can be traced to differences in economic productivity, investment, population, natural resources, government, inequality, and culture.

LEC · Course ID 015180On ucalendarECON 207 today

ECON 207W Economic Development (WLU)

LEC · Course ID 004889On ucalendarECON 207W today

ECON 210AW Macro Economic Perspective on Public Finance (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

LEC · Course ID 016543On ucalendarECON 210AW today

ECON 211 Introduction to Mathematical Economics

An introduction to mathematical techniques of particular use in economics. Topics include matrix algebra, differentation, partial derivatives, optimization techniques including constrained optimization - all developed within the context of economic problems.

Prereq: ECON 101 or ECON 100/COMM 103; one of MATH 104, 4U Advanced Functions, 4U Calculus and Vectors; Not open to students in the Faculty of Mathematics

LEC · Course ID 004890On ucalendarECON 211 today

ECON 212 Introduction to Game Theory

Game theory analyzes the strategic interaction between agents. It has applications in various fields including economics, law, political science, biology, and computer science. This course introduces the basic tools of game theoretic analysis and examines applications such as auctions, business strategy, and curbing carbon emissions. The course includes an experiential learning component where students play strategic games against each other.

Prereq: ECON 101 or ECON 100/COMM 103; Level at least 2A. Antireq: ECON 412, ECON 483 - Topic 16 (Special Topics in Game Theory)

LEC · Course ID 015181On ucalendarECON 212 today

ECON 221 Statistics for Economists

This course introduces students to describing economic data and drawing inferences from features of economic data. Starting from fundamental axioms of probability, students will learn about the calculation of probabilities of basic events and the features of random variables, the most important tool for representing the outcomes of complex economic phenomena. Students will describe discrete and continuous random variables via their probability distributions and summary statistics such as means and standard deviations, as well as the relationships between two random variables in terms of covariance, correlation, and simple regression models. The concepts of hypothesis testing and confidence intervals, and the fundamentals of statistical inference are discussed for basic features of random variables and for comparing the features of more than one random variable.

Prereq: ECON 101 or ECON 100/COMM 103; Not open to students in the Faculty of Mathematics. Coreq: ECON 211 or Science and Business students or Biotech/Chartered Professional Accountancy students.

LEC · Course ID 004895On ucalendarECON 221 today

ECON 223W Economics of the Canadian Banking and Financial System (WLU)

LEC · Course ID 004896On ucalendarECON 223W today

ECON 229W Economics of China (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Undergraduate Calendar for course description.

LEC · Course ID 016548On ucalendarECON 229W today

ECON 231 Introduction to International Economics

This course explores international trade in goods and services, as well as the international exchange of financial assets. Economic theories will be examined, which help explain how international transactions affect the world's economies. Topics include the theory of comparative advantage and the gains from trade, tariff theory, concepts and measurement of balance of payments, exchange rate systems, and the international monetary system.

LEC · Course ID 004899On ucalendarECON 231 today

ECON 233W Public Economics: Expenditure (WLU)

LEC · Course ID 013228On ucalendarECON 233W today

ECON 234W Sports Economics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

LEC · Course ID 016544On ucalendarECON 234W today

ECON 236W Economics and Demography (WLU)

LEC · Course ID 012209On ucalendarECON 236W today

ECON 238W Environmental Economics (WLU)

LEC · Course ID 004901On ucalendarECON 238W today

ECON 239W Introduction to International Trade (WLU)

LEC · Course ID 004902On ucalendarECON 239W today

ECON 241 Introduction to Public Economics

This course examines the scope and level of government involvement in economic activity. The main focus is on historical trends and recent developments in the extent and composition of government spending, taxation, and regulation in developed nations. A secondary focus is to introduce the current policy debates in these areas.

LEC · Course ID 015377On ucalendarECON 241 today

ECON 246W Economics of Inequality (WLU)

Prereq: ECON 120W, 140W

LEC · Course ID 013752On ucalendarECON 246W today

ECON 247W Historical Development of the International Economy (WLU)

Prereq: ECON 120W, 140W

LEC · Course ID 010762On ucalendarECON 247W today

ECON 248W Economics of Health (WLU)

Prereq: ECON 101 or 120W; ECON 102 or 140W

LEC · Course ID 014345On ucalendarECON 248W today

ECON 249W International Finance (WLU)

Prereq: ECON 120W, 140W

LEC · Course ID 013405On ucalendarECON 249W today

ECON 250W Intermediate Macroeconomic Analysis for Management (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

Prereq: ECON 120W, 140W. Antireq: ECON 202

LEC · Course ID 011355On ucalendarECON 250W today

ECON 254 Economics of Sport

The course will develop fundamental economic concepts in the context of the sports industry. The course begins with an investigation of some of the primary aspects of the way that the sports industry is organized. The course then considers labour economics in the context of sport. Finally, the course examines the issues that arise with the introduction of various levels of government and/or regulatory bodies in the sports industry, looking at competition between cities for sports teams.

LEC · Course ID 014129On ucalendarECON 254 today

ECON 255 Introduction to the Economics of Natural Resources

This course uses the theory and tools of economics to explore key problems in natural resource use and management. The meaning and implications of natural resource scarcity are explored, as well as how the insights of economics can be used to guide policies to promote a more sustainable path for our future. The course examines issues of economic efficiency and equity in specific resource sectors such as energy resources, fisheries, forestry, and water.

Prereq: ECON 101 or ECON 100/COMM 103. Antireq: ECON 355

LEC · Course ID 015182On ucalendarECON 255 today

ECON 255W Managerial Statistics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Calendar for details.

Prereq: Two introductory calculus courses; Not open to Math students. Antireq: Any UW introductory statistics course, BUS 205W

LEC · Course ID 003793On ucalendarECON 255W today

ECON 256 Introduction to Health Economics

Why are some people healthy and others not? Why is health different from other goods and services? How do the many stakeholders interact in health care markets? Why do countries have different health care systems? This course introduces students to how the theories and tools of economics can be used when examining health, health care, and health care policies. Concepts such as supply and demand, uncertainty, and utility will be introduced in the context of health and health care markets. While international institutions may be discussed, the course will emphasize Canadian health care markets.

LEC · Course ID 015183On ucalendarECON 256 today

ECON 260W Intermediate Microeconomic Analysis for Management (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

Prereq: ECON 120W, 140W. Antireq: ECON 201

LEC · Course ID 011356On ucalendarECON 260W today

ECON 261 Philosophy of Economics

This course considers conceptual, methodological, foundational, and ethical issues in economic theory and practice. Questions include: What can philosophy teach us about economic methodology and justification? Are economic formalizations useful idealizations of human behaviour? Is economics a science? What role do values play in economic reasoning and policy-making?

LEC · Course ID 015088On ucalendarECON 261 today

ECON 262 History of Economic Thought

This course studies approaches to economic problems in historical context. Authors examined may include Smith, Malthus, Ricardo, Marx, J.S. Mill, Walras, Marshall, Veblen, Keynes, Hayek, Aumann, Debreu, and Stiglitz.

LEC · Course ID 015186On ucalendarECON 262 today

ECON 270W Microeconomic Theory I (WLU)

LEC · Course ID 013229On ucalendarECON 270W today

ECON 275W Business Decision Models (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Calendar for details.

LEC · Course ID 003794On ucalendarECON 275W today

ECON 290 Models of Choice in Competitive Markets

Choice lies at the heart of all economic models. This course focuses on choice by consumers and firms. It explains the notion and use of utility functions and budgets, and shows how their interaction allows economists to make predictions about behaviour. The constrained maximization techniques from ECON 211 are used extensively, and extended to situations covering uncertainty (risk) and time. Profit maximization by firms is explored.

Prereq: ECON 101 or ECON 100/COMM 103;ECON 211 or one of MATH 128,138,148; ECON 221 or one of ARTS 280,ENVS 278,KIN 222,232,PSCI 214/314,PSYCH 292, REC 371, SDS 250R, SMF 230, SOC/LS 280,STAT 202, 206,211,220,230,240, SWREN 250R; or Math/FARM stdnts. Antireq: ECON 301,302

LEC · Course ID 015187On ucalendarECON 290 today

ECON 290W Intermediate Macroeconomics I: Static Analysis (WLU)

LEC · Course ID 012979On ucalendarECON 290W today

ECON 295W Introductory Econometrics (WLU)

LEC · Course ID 011310On ucalendarECON 295W today

ECON 301W Transportation Economics (WLU)

LEC · Course ID 004912On ucalendarECON 301W today

ECON 304W Industrial Organization (WLU)

LEC · Course ID 004918On ucalendarECON 304W today

ECON 305W Behavioural Economics (WLU)

Prereq: ECON 260W

LEC · Course ID 014971On ucalendarECON 305W today

ECON 306 Macroeconomics

This course introduces students to the analysis of inter-temporal trade-offs in macroeconomics and macroeconomic policy. Its main objective is to show how economists use economic theory to analyze the role of incentives and general equilibrium considerations in the macro-economy. Applications include national savings and investment, business cycles, and monetary and fiscal policy.

Prereq: ECON 391

LEC · Course ID 015188On ucalendarECON 306 today

ECON 306W Economics of Wages and Employment (WLU)

LEC · Course ID 012299On ucalendarECON 306W today

ECON 307W Economics of Growth (WLU)

LEC · Course ID 012864On ucalendarECON 307W today

ECON 310EW Econ, Tech and Innovation (WLU)

LEC · Course ID 015877On ucalendarECON 310EW today

ECON 310FW Sports Economics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

LEC · Course ID 016136On ucalendarECON 310FW today

ECON 310GW Economics of China (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Undergraduate Calendar for course description.

LEC · Course ID 016315On ucalendarECON 310GW today

ECON 310IW Market Design (WLU)

Market Design (WLU)

Prereq: ECON 260W or ECON 270W

LEC · Course ID 016047On ucalendarECON 310IW today

ECON 310JW Computational Economics (WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

LEC · Course ID 016552On ucalendarECON 310JW today

ECON 310YW Intl Econ Policy & Institution (WLU)

LEC · Course ID 014634On ucalendarECON 310YW today

ECON 310ZW Behavioural Economics (WLU)

LEC · Course ID 014760On ucalendarECON 310ZW today

ECON 311 Mathematical Economics

This course builds on and expands the material in ECON 211. Multi-variate calculus and optimization are covered in detail, with a focus on economic applications of the envelope theorem. The implicit function theorem and its uses in comparative statics are explored. Difference and differential equations and their application to dynamic models are introduced, culminating in an introduction to optimal control.

Prereq: ECON 201, 202, ECON 211; or ECON 391; Not open to students in the Faculty of Mathematics

LEC · Course ID 004921On ucalendarECON 311 today

ECON 313W Public Economics:Taxation (WLU)

LEC · Course ID 004922On ucalendarECON 313W today

ECON 315W Forecasting Methods(WLU)

Taught at Wilfrid Laurier University. Refer to WLU calendar for details.

LEC · Course ID 012275On ucalendarECON 315W today

ECON 316W Economics & Gender (WLU)

Taught at Wilfrid Laurier University. Refer to WLU Undergraduate Calendar for course description.

LEC · Course ID 016470On ucalendarECON 316W today

ECON 318W Natural Resource Economics (WLU)

LEC · Course ID 015043On ucalendarECON 318W today

ECON 322 Econometric Analysis 1

This course covers the core topics needed to estimate linear models using ordinary least squares and to interpret estimates for cross-sectional data. Students will learn to interpret the coefficients of linear models for continuous and discrete regressors, to conduct reliable inference for different specifications of the error term, and to determine which model is the most suitable among the class of linear models. Students will be introduced to a statistical software package and will be required to complete regular computer-based assignments throughout the course using economic data.

Prereq: ECON 221; or for Mathematics students ECON 101, 102 or ECON 100/COMM 103 and one of STAT 220, 230, 240; or for Accounting students ECON 101, 102, STAT 211. Antireq: ECON 321

LEC · Course ID 015189On ucalendarECON 322 today

ECON 322W Economic Analysis of Law (WLU)

LEC · Course ID 015473On ucalendarECON 322W today

ECON 323 Econometric Analysis 2

This course covers the most important methods used in applied economics research beyond the least-squares estimator. It starts by exploring solutions to the endogeneity problem in detail, emphasizing proper ways of conducting causal inference. It extends the methods covered in ECON 322 to the case in which the data are observed over time. Students will learn how to estimate and interpret dynamic models and how these models affect our ability to do inference. The course also covers methods for data in which the response variable is either qualitative, with or without multiple levels, or count data. For that purpose, it introduces students to maximum likelihood estimation, and the estimation of models by probit, logit, and Poisson regressions. Assignments have the same data-based focus as in ECON 322.

Prereq: ECON 322

LEC · Course ID 015190On ucalendarECON 323 today

ECON 325W Game Theory and Economics (WLU)

LEC · Course ID 012885On ucalendarECON 325W today

ECON 327W History of Economic Analysis (WLU)

LEC · Course ID 004924On ucalendarECON 327W today

ECON 332 International Finance

An analysis of the main issues in international finance. Topics include international borrowing and lending, intertemporal gains from trade, current account and balance of trade movements, the determination of exchange rates, and foreign exchange markets.

Prereq: ECON 201, 202 or ECON 201, 206 or ECON 206, 290. Antireq: (For Mathematics students only) BUS 443W

LEC · Course ID 004927On ucalendarECON 332 today

ECON 335W Economics of Management and Strategy (WLU)

LEC · Course ID 011216On ucalendarECON 335W today

ECON 345W Mathematical Economics (WLU)

LEC · Course ID 011620On ucalendarECON 345W today

ECON 351 Labour Economics

A study of the supply of labour by individuals (and unions) and the demand for labour by firms. Topics include the labour market effects of social assistance, unemployment insurance and minimum wages, discrimination in the labour market, efficient wage contracts, the determinants of wage inflation and unemployment.

Prereq: ECON 101 or ECON 100/COMM 103; ECON 102; Level at least 3A

LEC · Course ID 004939On ucalendarECON 351 today

ECON 361 Cost-Benefit Analysis and Project Evaluation

Methods for evaluating private and public projects; decision rules, efficiency conditions, and methods of conducting cost-benefit analysis. Application of the technique. This course assumes prior familiarity with probability, expected values, and variance.

Prereq: ECON 201 or ECON 290; ECON 221 or any prior course in probability and/or basic statistics

LEC · Course ID 004943On ucalendarECON 361 today

ECON 363 The Economics of Social Problems

A topic-oriented course. Problems are selected from a list that includes regulatory economics, poverty, unemployment, industrial policy, safety, social policy, government deficits/debt, stabilization policy, and others. The format assists the student in gaining analytical skills through work on the selected topics.

Prereq: ECON 102; ECON 201 or 290

LEC · Course ID 004944On ucalendarECON 363 today

ECON 366 Gender and Economics

This course explores historical trends and economic theories and models to investigate the development of gender norms and changes in those norms across time. It questions whether physiological differences, economic models (e.g., comparative advantage, specialization, or discrimination) or social constructs can explain gender differences in roles within the family, education, work, pay, and poverty and the changes in these differences across time. Social policies designed to diminish gender differences will be scrutinized. Some topics/questions that may be addressed include the rise in labour force participation of women post World War II; occupational and wage differences between men and women; changing educational attainment; and how men and women make decisions regarding marriage, fertility, child care, elder care, and divorce.

Prereq: ECON 101 or ECON 100/COMM 103; ECON 102; Level at least 3A

LEC · Course ID 015192On ucalendarECON 366 today

ECON 370W Microeconomic Theory II (WLU)

An examination of decision making, equilibrium, and efficiency in different economic environments. Topics may include strategic behaviour, information, risk, intertemporal choice, product differentiation, general equilibrium, externalities, and public good.

LEC · Course ID 011101On ucalendarECON 370W today

ECON 371 Business Finance 1

The course explores decisions faced by managers of firms. In particular, decision-makers must determine which long-term real investment opportunities to exploit. Once undertaken, managers must decide how to finance the projects, for example, by debt or equity. The course develops both the conceptual framework and the tools required for these decisions. The course assumes prior familiarity with probability, expected values, and variance.

Prereq: ECON 101 or ECON 100/COMM 103; ECON 221 or any prior course in probability and/or basic statistics; Level at least 2B. Antireq: AFM 271/273, AFM 274/371, ACTSC 372 after fall 2014

LEC · Course ID 004946On ucalendarECON 371 today

ECON 372 Business Finance 2

This course examines a number of topics relevant to financial practitioners. The topics examined may include options, derivatives securities, futures markets, swaps and hedging. The course assumes prior familiarity with probability, expected values, and variance.

Prereq: ECON 371; ECON 211 or one of MATH 106/136/146; ECON 221 or any probability and/or basic statistics course; or students in the Faculty of Mathematics ECON 101 or ECON 100/COMM 103, ECON 102 and ACTSC 372 after fall 2014. Antireq: ACTSC 446 (ACTSC students)

LEC · Course ID 004947On ucalendarECON 372 today

ECON 381 Special Topics

One or more special topics courses may be offered at different times as announced by the department. [Note: This is a repeatable course, subject to different content; it may be completed a total of five times.]

SEM · Course ID 009938On ucalendarECON 381 today

ECON 382 Special Topics

One or more special topics courses may be offered at different times as announced by the department. [Note: This is a repeatable course, subject to different content; it may be completed a total of five times.]

LEC · Course ID 004949On ucalendarECON 382 today

ECON 390W Intermediate Macroeconomics II: Dynamic Analysis (WLU)

LEC · Course ID 004951On ucalendarECON 390W today

ECON 391 Equilibrium in Market Economies

Central to the study of economics is the concept of an equilibrium in which the actions of individuals are not only individually optimal, but are also consistent with each other; such as when the total amount of a good that individuals wish to purchase equals the total amount available. This course introduces students to the notion of equilibrium for a market and market economy. The properties of such equilibria are explored, both in terms of model logic (existence, uniqueness) as well as in terms of the desirability of the equilibrium outcomes (efficiency, welfare). Partial equilibrium (in a single market) as well as general equilibrium (in all markets at once) are covered for models with endowments, production, uncertainty, and time.

Prereq: ECON 290

LEC · Course ID 015193On ucalendarECON 391 today

ECON 392 Strategic Situations and Welfare Economics

Many economic decisions are made in circumstances where there are no competitive markets. This course introduces students to individual and group choice in such settings. It covers how to model such settings as "games" in both the extensive and strategic form, and introduces the key equilibrium concepts associated with these models. An introduction to considerations in group decision making via cooperative game theory and welfare economics is provided in the last part of the course.

Prereq: ECON 290. Antireq: ECON 412 taken prior to fall 2016

LEC · Course ID 015194On ucalendarECON 392 today

ECON 393 Market Failures

This course explores the many ways in which the assumptions of the perfectly competitive model are violated in the real world, and the consequences of these market failures for consumers and firms. The course examines potential government intervention to "fix" the failures as well as the limits of government intervention. Topics include monopoly/monopsony, externalities, the tragedy of the commons, public goods, asymmetric information, and incomplete information.

Prereq: ECON 391

LEC · Course ID 015195On ucalendarECON 393 today

ECON 406 Money and Banking 2

This course examines the monetary and financial aspects of the macro-economy. It prepares students to conduct analyses of problems and policies in monetary economics. Topics may include analyses of the banking system, financial crises, and monetary policy.

LEC · Course ID 015196On ucalendarECON 406 today

ECON 407 Economic Growth and Development 2

The goal of this course is to understand the enormous differences in living standards across countries and over time. It uses economic analysis to understand the sources of investment and innovation, and the role of economic, social, and political institutions in economic growth and development.

LEC · Course ID 015197On ucalendarECON 407 today

ECON 408 Business Cycles

This course prepares students to conduct analyses of problems and policies associated with macroeconomic fluctuations. It examines the empirical features of business cycles, and discusses how macroeconomic models help to understand business cycles and to assess the consequences of alternative macroeconomic policies.

LEC · Course ID 015198On ucalendarECON 408 today

ECON 409 Workers, Jobs, and Wages

This course examines the role of labour markets in the macro-economy. It focuses on the analysis of aggregate employment, unemployment, labour force participation, and earnings inequality. The main goal of the course is to understand current labour-market outcomes both in Canada and around the world.

LEC · Course ID 015199On ucalendarECON 409 today

ECON 412 Topics in Game Theory

This course builds on ECON 392 to give students a broader exposure to game theory. Possible topics include extensive games with imperfect information, evolutionary games, repeated games, as well as applications of game theory such as auctions and negotiations.

Prereq: ECON 392; Level at least 3B Honours Economics, Honours Mathematical Economics (BA and BMATH), Joint Honours Economics or Science Biotechnology/Economics students. Antireq: ECON 483-Topic 16 (Spec. Topics in Game Theory)

LEC · Course ID 014723On ucalendarECON 412 today

ECON 421 Econometric Theory

This course offers an advanced treatment of topics covered in ECON 322/323 through the extensive use of matrix algebra, statistical theory and numerical methods. After a review of the required mathematics, these tools will be used to derive the least-squares estimator for the standard linear model and to conduct inference about features of the model, checking the results of theory using regression software and economic data. Then this framework will be used for theoretical generalizations of the model and their estimation using regression software. By the end of the course, students will be able to estimate a linear model and conduct accurate inference in cases where economic data violate the assumptions of the standard linear regression model. This includes methods for dealing with heteroskedastic data, observations that may be dependent over time, response distributions with heavy tails or limited range (such as binary outcomes and count variables), and observations that may suffer from selection bias.

Prereq: One of ECON 321, ECON 323, STAT 221, 231, 241; Honours students or Economics majors

LEC · Course ID 004959On ucalendarECON 421 today

ECON 422 Microeconometric Analysis

This course investigates advanced estimation and inference techniques for microeconomic data. Students will learn about error components models that are used for economic data that exhibits significant unobserved heterogeneity. The estimation of treatment effects using fixed effects and difference-in-differences methods will be covered, and design-based methods of causal inference such as matching and regression discontinuity may be covered as well. Extensions such as multilevel or hierarchical models, limited dependent variable models, duration models or selection models may also be included. Students also learn how to apply these methods using computer software, and will use it to analyze complex data from household and firm-level surveys in assignments.

Prereq: ECON 201 or ECON 290; one of ECON 321, 323, STAT 221, 231, 241; Honours students or Economics majors

LEC · Course ID 004960On ucalendarECON 422 today

ECON 423 Time Series Econometrics

This course introduces students to popular methods and practices of analyzing data that exhibit dependence over time. The topics may cover fundamental linear time series models (autoregressive processes, moving average processes and their generalizations), modelling time-varying volatility (the autoregressive conditional heteroskedasticity or ARCH family of models and stochastic volatility models), multivariate time series analysis, non-stationary models, and ongoing topics in modern time series econometric research. The course is designed to balance the introduction of statistical theory and applications with empirical data. A main component of this course consists of practical exercises and an empirical project with real data.

Prereq: ECON 321 or ECON 323 or one of STAT 221, 231, 241; Honours students or Economics majors

LEC · Course ID 015200On ucalendarECON 423 today

ECON 424 Machine Learning in Economics

This course is an introduction to prediction in economics using machine learning. Topics may include supervised and unsupervised learning, text analysis, regression trees, penalized regression, classification, random forest, neural network, and boosting methods.

Prereq: One of ECON 323, STAT 221, STAT 231, STAT 241; Honours students or Economics majors

LEC · Course ID 016140On ucalendarECON 424 today

ECON 425 Non-Parametric Methods in Economics

This course explores estimation and inference techniques that do not impose any parametric assumption on the data. Topics may include kernel estimation and sieve estimation methods. Students may also be introduced to semi-parametric methods such as empirical likelihood.

Prereq: One of ECON 323, STAT 221, STAT 231, STAT 241; Honours students or Economics majors

LEC · Course ID 016141On ucalendarECON 425 today

ECON 426 Quantile Regression in Economics

This course explores techniques to estimate conditional quantiles of a responsive variable. As opposed to least squares methods, which estimate the conditional mean, it provides a more complete picture of relationships between variables.

Prereq: One of ECON 323, STAT 221, STAT 231, STAT 241; Honours students or Economics majors

LEC · Course ID 016142On ucalendarECON 426 today

ECON 436 International Trade

An examination of theories of international trade. Topics include the gains from trade, theories of trade determination (Ricardian, Heckscher-Ohlin, increasing returns to scale), the effects of tariffs, multinational corporation behaviour, and factor mobility.

Prereq: ECON 301 or 393; Honours students or Economics majors

LEC · Course ID 011778On ucalendarECON 436 today

ECON 437 Urban Economics

This course examines how spatial relationships inform many economic behaviours, and contribute to urban development and inequality. Topics include how geography, cumulative investments, and state structures influence the spatial distribution of economic activity.

Prereq: One of ECON 206, 207, 231, 306; Level at least 3A. Antireq: ECON 483 taken spring 2015, 2016, winter 2017, 2018, 2019, 2020

LEC · Course ID 016066On ucalendarECON 437 today

ECON 441 Public Economics

This course examines to what extent government spending, taxation, and regulation policies in developed nations are driven by economic rationales for government involvement in economic activity. Both efficiency and distributional rationales are considered. Examined areas of government spending include education, pensions, infrastructure, health care, science, innovation, and social welfare programs. Examined areas of the tax structure include personal income taxes, corporate taxes, consumption taxes, and environmental taxes. Examined areas of regulation may include topics such as alcohol, organ transplants, and gasoline standards. A key aim of the course is to generate an appreciation of how theories of market failure guide public policy.

Prereq: ECON 323, 393

LEC · Course ID 015378On ucalendarECON 441 today

ECON 443 Advanced Public Economics

This course covers advanced topics in public economics and introduces students to the current research frontier in public economics. Examined areas may include topics such as public choice and voting, dynamic tax policy modelling, tax competition, regulatory capture, policy reform, fiscal federalism, and equalization. Both theoretical and empirical recent research will be covered. For each research topic covered, the course provides an introduction to the relevant background literature. A key course aim is to gain an appreciation of how research can inform public policy.

Prereq: ECON 323, 393

LEC · Course ID 015379On ucalendarECON 443 today

ECON 445 Industrial Organization and Public Policy

This course analyzes the structure of markets and how firms compete in them. The emphasis is on oligopoly markets and the use of game theory. The course focuses on differentiated goods, price discrimination, barriers to entry, vertical relationships, advertising, strategic behaviour, and empirical industrial organization including the estimation of demand and costs. Applications to competition policy emphasizing the evaluation of horizontal mergers are presented as well.

Prereq: ECON 301 or 391; ECON 321 or 322; Honours students or Economic majors

LEC · Course ID 009948On ucalendarECON 445 today

ECON 450W Advanced Macroeconomics (WLU)

LEC · Course ID 004963On ucalendarECON 450W today

ECON 451 Law and Economics

Legal rules and jurisprudence can have a significant effect on resource allocation. A key question is whether legal regimes affect the optimality of an equilibrium and succeed in bringing society closer to a welfare maximizing outcome. From another perspective, a relevant question is on the objective or motivation behind the enactment of specific legislation. Recent studies suggest that much legislation is consistent with simple welfare concepts developed by economists. The course focuses on these issues with examples drawn from property, contract, tort, and criminal law.

Prereq: ECON 201, 211; or ECON 391; Level at least 3A Honours students or Economics majors

LEC · Course ID 013562On ucalendarECON 451 today

ECON 452 Topics in Labour Economics

This course presents an overview of the relevant theoretical and empirical research questions related to employment relationships (pay, mobility, workplace organization). The course will offer a combination of tools (theoretical or statistical) and applications of these tools to various topics. Each topic addresses research questions for which we will see the associated seminal papers and more recent papers providing the latest findings on the given topic. The findings may come from new theoretical arguments, data improvement and/or finer methodological tools, all offering a way to better address the question.

Prereq: ECON 301 or 391; one of ECON 321, 323, STAT 221, 231, 241; Honours students or Economics majors

LEC · Course ID 013884On ucalendarECON 452 today

ECON 455W Econometrics 1:Time Series Analysis (WLU)

LEC · Course ID 011621On ucalendarECON 455W today

ECON 456 Topics in Health Economics

This course explores the theories and models developed to study the health and health-care sectors from an economic viewpoint. The course will focus on the economic tools necessary to evaluate the efficiency of the market for, and the efficient allocation of scarce resources in, health and health care. Examples of possible topics to be covered are the nature of the market, supply and demand of health care, asymmetries of information, externalities, principal-agent relationships, insurance and cost-benefit analysis.

Prereq: ECON 301 or 393; one of ECON 321, 323, STAT 221, 231, 241; Honours students or Economics majors

LEC · Course ID 012409On ucalendarECON 456 today

ECON 457 Environmental Economics

Application of economic theory to problems of the environment, in particular, air, water, and land pollution. Emphasis is on the theory of the management of common property resources. Note: [Formerly ECON 357]

LEC · Course ID 004942On ucalendarECON 457 today

ECON 467 Canadian Economic History

The course begins with an examination of the processes of state formation, trade, migration, borrowing, and transfer of technologies and institutions that contributed to the development of a settler colonial economy. It will study how the internal economic geography of Canada was differentiated, and how the economy modernized through changes in market and business organization and state development. An overarching concern will be with how a national economy could be articulated.

Prereq: ECON 206, 207, 231, 306; Level at least 3A. Antireq: ECON 483 taken winter 2015, 2016, spring 2017, 2018, 2019

LEC · Course ID 016098On ucalendarECON 467 today

ECON 470W Advanced Microeconomic Theory (WLU)

LEC · Course ID 004969On ucalendarECON 470W today

ECON 471 Computational Economics

Basic concepts and techniques of computational economics. Topics may include computable general equilibrium models, data and calibration, system sensitivity, and dynamic extensions. Depending on class backgrounds and interests, applications may cover areas such as economics of taxation, international trade, industrial organization, economic history, development, environment, dynamics, and finance.

Prereq: ECON 301, 302; or ECON 306. Honours students or Economics majors

LEC · Course ID 009949On ucalendarECON 471 today

ECON 472 Senior Honours Essay

Students are required to identify a research topic, conduct research independently, write a research paper, and attend class meetings. Each student is supervised by a member of the Economics faculty. Class meetings cover topics such as a general overview of research methods in economics, research ethics, finding reference material, citing practices, and effective writing and presentation.

Prereq: Level at least 4A Honours Economics or Honours Mathematical Economics (BA and BMATH) students

ESS · Course ID 004970On ucalendarECON 472 today

ECON 474 Numerical Methods for Economists

This course covers important topics related to scientific computing through applications in microeconomics, macroeconomics, and econometrics. The topics include floating point arithmetic, nonlinear equations, constrained and unconstrained optimization, numerical derivatives and numerical integration, differential equations, and dynamic models. Students will also develop their programming skills by learning strategies to write structured and efficient programs.

Prereq: ECON 311, 392, 393; Level at least 4A. Antireq: ECON 484 (SEM 001) taken winter 2015 or winter 2016

LEC · Course ID 015201On ucalendarECON 474 today

ECON 480KW Directed Research (WLU)

LEC · Course ID 013785On ucalendarECON 480KW today

ECON 480QW Directed Studies (WLU)

LEC · Course ID 014325On ucalendarECON 480QW today

ECON 480W Directed Studies (WLU)

LEC · Course ID 012548On ucalendarECON 480W today

ECON 483 Special Topics

Special topics that may vary with individual instructor's areas of research interest. [Note: This is a repeatable course, subject to different content; it may be completed a total of five times.]

Prereq: Level at least 3A

SEM · Course ID 009950On ucalendarECON 483 today

ECON 484 Special Topics

Special topics that may vary with individual instructor's areas of research interest. [Note: This is a repeatable course, subject to different content; it may be completed a total of five times.]

Prereq: Level at least 3A Economics majors

SEM · Course ID 009951On ucalendarECON 484 today

ECON 487 Special Studies

Research and reading courses under the direction of individual instructors. See Economics Undergraduate Officer for course registration.

SEM · Course ID 009953On ucalendarECON 487 today

ECON 488 Special Studies

Research and reading course under the direction of individual instructors. See Economics undergraduate officer for course registration.

RDG · Course ID 004974On ucalendarECON 488 today

ECON 489 Special Studies

Research and reading course under the direction of individual instructors. See Economics undergraduate officer for course registration.

RDG · Course ID 004975On ucalendarECON 489 today

ECON 491 Advanced Microeconomics

This course prepares students for graduate-level theory courses. Students will be exposed to a selection of topics treated with the mathematical rigour required for graduate work.

Prereq: ECON 392, 393; Level at least 4A Honours students

LEC · Course ID 015202On ucalendarECON 491 today

ECON 496 Advanced Macroeconomics

This course provides students with the methodological principles that underlie modern analyses of the macro-economy, and to prepare students for graduate-level macroeconomic theory courses.

Prereq: ECON 306, ECON 393; One of ECON 322, STAT 221, STAT 231, STAT 241; Level at least 4A Honours students

LEC · Course ID 015203On ucalendarECON 496 today