uwloo

ECON 290Models of Choice in Competitive Markets

Units
0.50
Faculty
Arts
Subject
Economics

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

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.

Prerequisites

  • Complete all of the following
    • Complete 1 of the following
      • Must have completed at least 1 of the following:
        • AE221 - Advanced Calculus (0.50)
        • CIVE221 - Advanced Calculus (0.50)
        • ECE206 - Advanced Calculus 2 for Electrical Engineers (0.50)
        • ECON211 - Introduction to Mathematical Economics (0.50)
        • GEOE221 - Advanced Calculus (0.50)
        • MATH119 - Calculus 2 for Engineering (0.50)
        • MATH128 - Calculus 2 for the Sciences (0.50)
        • MATH138 - Calculus 2 for Honours Mathematics (0.50)
        • MATH148 - Calculus 2 (Advanced Level) (0.50)
      • Must have completed the following:
    • Complete 1 of the following
      • Must have completed at least 1 of the following:
        • COMM103 - Principles of Economics (0.50)
        • ECON100 - Principles of Economics (0.50)
        • ECON101 - Introduction to Microeconomics (0.50)
        • MSE263 - Managerial Economics (0.50)
      • Must have completed the following:
    • Complete 1 of the following
      • Must have completed at least 1 of the following:
        • AE224 - Probability and Statistics (0.50)
        • AFM113 - Analytic Methods for Business 2 (0.50)
        • ARTS280 - Statistics for Arts Students (0.50)
        • BME213 - Statistics and Experimental Design (0.50)
        • CHE220 - Probability and Statistics (0.50)
        • CIVE224 - Probability and Statistics (0.50)
        • ECE203 - Probability Theory and Statistics 1 (0.50)
        • ECON221 - Statistics for Economists (0.50)
        • ENVE224 - Probability and Statistics (0.50)
        • ENVS278 - Applied Statistics for Environmental Research (0.50)
        • GEOE224 - Probability and Statistics (0.50)
        • KIN232 - Research Design and Statistics (0.50)
        • LS280 - Social Statistics (0.50)
        • ME202 - Statistics for Engineers (0.50)
        • MSE251 - Probability and Statistics 1 (0.50)
        • NE215 - Probability and Statistics (0.50)
        • PSCI314 - Quantitative Analysis (0.50)
        • PSYCH292 - Basic Data Analysis (0.50)
        • REC371 - Quantitative Data Analysis and Mobilization (0.50)
        • SDS250R - Social Statistics (0.50)
        • SOC280 - Social Statistics (0.50)
        • SRF230 - Introduction to Statistics (0.50)
        • STAT202 - Introductory Statistics for Scientists (0.50)
        • STAT206 - Statistics for Software Engineering (0.50)
        • STAT211 - Introductory Statistics and Sampling for Accounting (0.50)
        • STAT220 - Probability (Non-Specialist Level) (0.50)
        • STAT230 - Probability (0.50)
        • STAT240 - Probability (Advanced Level) (0.50)
        • SYDE212 - Probability, Statistics, and Data Science (0.50)
      • Must have completed the following:

Antirequisites

None listed.

Leads to

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001369858 / 100MW 13:00–14:20

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00133650 / 100TTh 14:30–15:50
LEC 701128158 / 9999Online or by arrangement

Reviewed on UW Flow

67% liked it40% easy65% useful

From 33 ratings and 10 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • Anqi Li.
    The content is straightforward, but there are no good resources to learn it, and the course overall is disorganized.
    There were a lot of red flags from day one that I ignored. 1) The syllabus did not provide a clear schedule for when each topic will be covered, making it difficult to plan ahead, same problem for when the Assignments will be released/due. 2) The assignments (problem sets) are not actually checked, so free marks, yes, but no feedback. 3) No practice exams. So the only resources you have are the textbook and the lectures and slides. The textbook has way too much fluff that's unrelated to the course, making it very inefficient to read through, and the lectures/slides…

    Apr 2025 · didn’t like it · 3 found this helpfulOn UW FlowRemove this

  • If there was a perfect representation of a class with a lot of potential that was completely ruined by a professor, econ 290 would be it.
    I had this class with Anqi Li, arguably the most confusing and elusive professor I will ever have in my entire university experience.
    There were a lot of things that really turned me off about this class, all of which led to me avoiding attending whatsoever and just teaching myself the content.
    For starters, Anqi is a very quiet talker. When she wore a covid mask for nearly the entire semester, it made it very hard to hear her. The content was also very brief and forced you to rely on past classes to understand a lot of the concepts.
    In my opinion,…

    Apr 2025 · didn’t like it · 3 found this helpfulOn UW FlowRemove this

  • ANQI LI. I genuinely have never had a harder class to follow. I bet she's a great person, but she is not a helpful professor.
    1. She wore a mask in class for the majority of the semester, WHICH IS FINE, but she was so incredibly quiet and faced the board the whole time. So classes are hard to follow, especially if you dont get a seat in the front.
    2. The content is not super hard, but her lessons seem like she put her notes into ChatGPT and asked for it to condense the content as much as possible. It is basically all mathematical jargon, and there was never enough explanation.
    3. She had no practice questions for any midterms, any exams, nothing. There were no resources to access, and…

    Apr 2025 · didn’t like it · 3 found this helpfulOn UW FlowRemove this

  • There were no course notes or slides. We had just the textbook and a rough outline of what each stretch of classes would cover.
    The textbook itself was painfully long and frustrating to get through (at least in my opinion).
    The first few weeks were awful for me because the professor kept referring to concepts from ECON 211, a course that math majors aren’t required to take.
    I had no idea what a utility curve was, and we sped through so much content so quickly that it definitely wasn’t enjoyable.
    More than half the class failed the first midterm, but things improved afterward.
    The course only had three midterms and no final exam, which was a relief.
    It sometimes felt like we were jumping…

    Jul 2025 · didn’t like it · 2 found this helpfulOn UW FlowRemove this

  • Questions in the problem sets are not explained in class, and the solutions are done in a very confusing way with too much emphasis on explaining why we do it rather than how to do it.

    Jan 2020 · didn’t like it · 2 found this helpfulOn UW FlowRemove this

Discussed on r/uwaterloo

103 posts and comments in 87 threads mention ECON 290, August 2016 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Fall 2024

Spring 2024

ECON 290 1 point, 0 comments

u/cowboyscant222: “Hey all, does anyone have old lecture notes or slides for ECON 290 that they could DM me? I'm taking it in the fall and just a bit worried because my 211 grade wasn't very good. Ty”

View on RedditRemove this

Winter 2024

Fall 2023

Econ 391 tutor 1 point, 2 comments

“Hey guys. Does anyone know an Econ major that can tutor me in ECON 391? (reasonable rate) We have an assignment due on Wednesday and I'm lost.”

u/serdemy_: “Hi, I saw your post a while ago and i'm debating whether to go into political science or ecom or any other arts degree but im very bad at math how is ecom at waterloo? any advice”

u/vonnievarko: “… In your second year, Econ 211 is pretty much calculus with some economics applications and this continues into Econ 290 (but the calculus is less explicit). …”

View on RedditRemove this

Spring 2023

Winter 2023

Fall 2022

Check it elsewhere for Fall 2026

Calendar versions

Undergraduate Calendar