This course covers key concepts and theories in both microeconomics and macroeconomics that are relevant to businesses and investors. Topics to be covered include the market structures; the economics of regulations; the foreign exchange market; economic growth; and policy mix under different macro settings. Aside from enhancing students' understanding of economic analyses, this course also helps students prepare for the economics components in all levels of the CFA exams.

This course builds on the introductory regression analysis learned in MGEB12H3 to develop the knowledge and skills necessary to obtain and analyze cross-sectional economic data. Topics includes, multiple regression, Instrumental variables, panel data, maximum likelihood estimation, probit regression & logit regression. “ R”, a standard software for econometric and statistical analysis, will be used throughout the course. By the end of the course students will learn how to estimate economic relations in different settings, and critically assess statistical results.

An examination of the role and importance of communications media in the economy. Topics to be covered include: the challenges media pose for conventional economic theory, historical and contemporary issues in media development, and basic media-research techniques. The course is research-oriented, involving empirical assignments and a research essay.

Intermediate level development of the principles of behavioural economics. Behavioural economics aims to improve policy and economic models by incorporating psychology and cognitive science into economics. The course will rely heavily on the principles of microeconomic analysis.

This course covers special topics in an area of Economics. The specific topics will vary from year to year. It will provide students with an opportunity to explore a range of topics through the application of different economic methodologies and analyses. Also, it will highlight current faculty research expertise, and will also allow faculty to present material not covered in our existing course offerings in greater detail.

This course covers special topics an area of economics. The specific topics will vary from year to year. It will provide students with an opportunity to explore a range of topics through the application of different economic methodologies and analyses. It will also highlight current faculty research expertise and provide an opportunity to present material not covered in our existing course offerings in greater detail.

A course concerned with the revenue side of government finance. In particular, the course deals with existing tax structures, in Canada and elsewhere, and with criteria for tax design.

A study of resource allocation in relation to the public sector, with emphasis on decision criteria for public expenditures. The distinction between public and private goods is central to the course.

A study of the economic principles underlying health care and health insurance.
This course is a survey of some of the major topics in health economics. Some of the topics that will be covered will include the economic determinants of health, the market for medical care, the market for health insurance, and health and safety regulation.

A study of laws and legal institutions from an economic perspective. It includes the development of a positive theory of the law and suggests that laws frequently evolve so as to maximize economic efficiency. The efficiency of various legal principles is also examined. Topics covered are drawn from: externalities, property rights, contracts, torts, product liability and consumer protection, and procedure.

This course provides a comprehensive study of selected Canadian public policies from an economic point of view. Topics may include environmental policy, competition policy, inflation and monetary policy, trade policy and others. We will study Canadian institutions, decision-making mechanisms, implementation procedures, policy rationales, and related issues.

This course examines the economics of the internal organization of the firm. Emphasis will be on economic relationships between various parties involved in running a business: managers, shareholders, workers, banks, and government.
Topics include the role of organizations in market economies, contractual theory, risk sharing, property rights, corporate financial structure and vertical integration.

This course covers the economics of the firm in a market environment. The aim is to study business behaviour and market performance as influenced by concentration, entry barriers, product differentiation, diversification, research and development and international trade. There will be some use of calculus in this course.

This course is intended to apply concepts of analytic management and data science to the sports world. Emphasis on model building and application of models studied previously, including economics and econometrics, is intended to deepen the students’ ability to apply these skills in other areas as well. The course will address papers at the research frontier, since those papers are an opportunity to learn about the latest thinking. The papers will both be interested in sports intrinsically, and interested in sports as a way to assess other theories that are a part of business education.

Applications of the tools of microeconomics to various labour market issues. The topics covered will include: labour supply; labour demand; equilibrium in competitive and non-competitive markets; non-market approaches to the labour market; unemployment. Policy applications will include: income maintenance programs; minimum wages; and unemployment.

This course studies the economic aspects of how individuals and firms make decisions: about education and on-the-job training. Economics and the business world consider education and training as investments. In this class, students will learn how to model these investments, and how to create good policies to encourage individuals and firms to make wise investment decisions.

This course focuses on the various methods that firms and managers use to pay, recruit and dismiss employees. Topics covered may include: training decisions, deferred compensation, variable pay, promotion theory, incentives for teams and outsourcing.

Macroeconomic theories of the balance of payments and the exchange rate in a small open economy. Recent theories of exchange-rate determination in a world of floating exchange rates. The international monetary system: fixed "versus" flexible exchange rates, international capital movements, and their implications for monetary policy.

An outline of the theories of international trade that explain why countries trade with each other, and the welfare implications of this trade, as well as empirical tests of these theories. The determination and effects of trade policy instruments (tariffs, quotas, non-tariff barriers) and current policy issues are also discussed.

This course provides an Economic framework to understand issues around the environment and climate change. The economic toolkit to understand these issues includes externalities, tradeoffs, cost-benefit analysis, marginal analysis, and dynamic accounting. The course will cover optimal policy approaches to pollution, carbon emissions, and resource extraction. These include carbon taxes, subsidies, cap-and-trade systems, bans, and quotas. Both theoretical and empirical approaches in Economics will be discussed.

There will be a focus on basic economic theory underlying financial intermediation and its importance to growth in the overall economy. The interaction between domestic and global financial markets, the private sector, and government will be considered.

This course introduces students to the theoretical underpinnings of financial economics. Topics covered include: intertemporal choice, expected utility, the CAPM, Arbitrage Pricing, State Prices (Arrow-Debreu security), market efficiency, the term structure of interest rates, and option pricing models. Key empirical tests are also reviewed.

An introduction to the processes of growth and development in less developed countries and regions. Topics include economic growth, income distribution and inequality, poverty, health, education, population growth, rural and urban issues, and risk in a low-income environment.

This course will use the tools of economics to understand international aspects of economic development policy. Development policy will focus on understanding the engagement of developing countries in the global economy, including the benefits and challenges of that engagement. Topics to be discussed will include globalization and inequality, foreign aid, multinational corporations, foreign direct investment, productivity, regional economic integration, and the environment.

This course provides an overview of what governments can do to benefit society, as suggested by economic theory and empirical research. It surveys what governments actually do, especially Canadian governments. Efficient methods of taxation and methods of controlling government are also briefly covered.
Note: This course may be applied to the C-level course requirements of the Minor Program in Economics for Management Studies. It may not, however, be used to meet the requirements of any program that leads to a B.B.A. or of the Major Program in Economics for Management Studies.

The course builds on MGEB01H3 or MGEB02H3 by exposing students to the economics of market structure and pricing. How and why certain market structures, such as monopoly, oligopoly, perfect competition, etc., arise. Attention will also be given to how market structure, firm size and performance and pricing relate. Role of government will be discussed.
Note: This course may be applied to the C-level course requirements of the Minor Program in Economics for Management Studies. It may not, however, be used to meet the requirements of any program that leads to a B.B.A. or of the Major Program in Economics for Management Studies.

This course provides general understanding on issues related to open economy and studies theories in international trade and international finance. Topics include why countries trade, implications of various trade policies, theories of exchange rate determination, policy implications of different exchange rate regimes and other related topics.
Note: This course may be applied to the C-level course requirements of the Minor Program in Economics for Management Studies. It may not, however, be used to meet the requirements of any program that leads to a B.B.A. or of the Major Program in Economics for Management Studies.

An upper-level extension of the ideas studied in MGEC02H3. The course offers a more sophisticated treatment of such topics as equilibrium, welfare economics, risk and uncertainty, strategic and repeated interactions, agency problems, and screening and signalling problems. Enrolment is limited to students registered in programs requiring this course.

This course will review recent developments in macroeconomics, including new classical and new Keynesian theories of inflation, unemployment and business cycles.
Enrolment is limited to students registered in programs requiring this course.

This is an advanced course building on MGEC11H3. Students will master regression theory, hypothesis and diagnostic tests, and assessment of econometric results. Treatment of special statistical problems will be discussed. Intensive computer-based assignments will provide experience in estimating and interpreting regressions, preparing students for MGED50H3. Enrolment is limited to students registered in programs requiring this course.