Course Search

MGEC37H3 - Law and Economics

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: ECO320H1
Breadth Requirements: Social and Behavioural Sciences

MGEC38H3 - The Economics of Canadian Public Policy

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.

Prerequisite: [MGEB01H3 or MGEB02H3] and [MGEB05H3 or MGEB06H3]
Exclusion: ECO336H1, ECO337H1
Breadth Requirements: Social and Behavioural Sciences

MGEC40H3 - Economics of Organization and Management

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: ECO310H1, ECO370Y5, ECO380H5
Breadth Requirements: Social and Behavioural Sciences

MGEC41H3 - Industrial Organization

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.

Prerequisite: MGEB02H3
Exclusion: MGEC08H3, MGEC92H3, ECO310H1
Breadth Requirements: Social and Behavioural Sciences

MGEC45H3 - Sports Data, Analysis and Economics

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.

Prerequisite: MGEB12H3
Exclusion: RSM314H3
Breadth Requirements: Social and Behavioural Sciences

MGEC51H3 - Labour Economics I

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.

Prerequisite: MGEB02H3
Exclusion: ECO339H1
Breadth Requirements: Social and Behavioural Sciences

MGEC54H3 - Economics of Training and Education

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: ECO338H1, ECO412Y5
Breadth Requirements: Social and Behavioural Sciences

MGEC58H3 - Economics of Human Resource Management

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.

Prerequisite: MGEB02H3
Exclusion: (MGEC52H3), ECO381H5
Breadth Requirements: Social and Behavioural Sciences

MGEC61H3 - International Economics: Finance

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.

Prerequisite: MGEB05H3 or MGEB06H3
Exclusion: ECO230Y1, ECO365H1
Breadth Requirements: Social and Behavioural Sciences

MGEC62H3 - International Economics: Trade Theory

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.

Prerequisite: MGEB02H3 or [MGEB01H3 and MATA34H3] or [MGEB01H3 and [MATA29H3 or MATA30H3 or MATA31H3 or MATA32H3] and [MATA33H3 or MATA35H3 or MATA36H3 or MATA37H3]]
Exclusion: MGEC93H3, ECO230Y1, ECO364H1
Breadth Requirements: Social and Behavioural Sciences

MGEC65H3 - Economics of the Environment and Climate Change

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.

Prerequisite: MGEB02H3 and MGEB12H3
Breadth Requirements: Social and Behavioural Sciences

MGEC71H3 - Money and Banking

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.

Prerequisite: MGEB05H3 or MGEB06H3
Exclusion: ECO349H1
Breadth Requirements: Social and Behavioural Sciences

MGEC72H3 - Financial Economics

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.

Prerequisite: MGEB02H3 and MGEB06H3 and MGEB12H3
Exclusion: ECO358H1
Breadth Requirements: Social and Behavioural Sciences

MGEC81H3 - Economic Development

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: ECO324H1
Breadth Requirements: Social and Behavioural Sciences

MGEC82H3 - International Aspects of Development Policy

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: ECO324H1, ECO362H5
Breadth Requirements: Social and Behavioural Sciences

MGEC91H3 - Economics and Government

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: MGEC31H3, MGEC32H3, ECO336Y5, ECO336H1, ECO337H1
Breadth Requirements: Social and Behavioural Sciences

MGEC92H3 - Economics of Markets and Pricing

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.

Prerequisite: MGEB01H3 or MGEB02H3
Exclusion: MGEC02H3, MGEC08H3, MGEC41H3, ECO200Y1, ECO204Y1, ECO206Y1, ECO310H1, ECO310Y5
Breadth Requirements: Social and Behavioural Sciences

MGEC93H3 - International Economics

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.

Prerequisite: [MGEB01H3 or MGEB02H3] and [MGEB05H3 or MGEB06H3]
Exclusion: MGEC08H3, MGEC62H3, ECO230Y1, ECO364H1, ECO365H1
Breadth Requirements: Social and Behavioural Sciences

MGED02H3 - Advanced Microeconomic Theory

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.

Prerequisite: MGEB12H3 and MGEC02H3
Exclusion: ECO326H1
Breadth Requirements: Social and Behavioural Sciences

MGED06H3 - Advanced Macroeconomic Theory

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.

Prerequisite: MGEB12H3 and MGEC06H3
Exclusion: ECO325H1
Breadth Requirements: Social and Behavioural Sciences

MGED11H3 - Theory and Practice of Regression Analysis

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.

Prerequisite: MGEB02H3 and MGEB06H3 and MGEB11H3 and MGEB12H3 and MGEC11H3
Exclusion: ECO475H1
Breadth Requirements: Quantitative Reasoning

MGED25H3 - Advanced Special Topics in Economics

This course covers more advanced special topics an area of economics. That is, the topics covered will be more advanced than those covered by a C-level special topics course and thus have at least one specified C-level course as a listed prerequisite. The specific topics will vary from year to year. This course will provide students with an opportunity to explore a range of topics through the application of different economic methodologies and analyses. It will highlight current faculty research expertise and provide an opportunity to present material not covered in our existing course offerings in greater detail.

Prerequisite: At least 0.5 credit at the C-level in MGE courses
Breadth Requirements: Social and Behavioural Sciences

MGED26H3 - Advanced Special Topics in Economics

This course covers more advanced special topics an area of economics. That is, the topics covered will be more advanced than those covered by a C-level special topics course and thus have at least one specified C-level course as a listed prerequisite. The specific topics will vary from year to year. This course will provide students with an opportunity to explore a range of topics through the application of different economic methodologies and analyses. It will highlight current faculty research expertise and provide an opportunity to present material not covered in our existing course offerings in greater detail.

Prerequisite: At least 0.5 credit at the C-level in MGE courses
Breadth Requirements: Social and Behavioural Sciences

MGED43H3 - Organization Strategies

Explores the issue of outsourcing, and broadly defines which activities should a firm do "in-house" and which should it take outside? Using a combination of cases and economic analysis, it develops a framework for determining the "best" firm organization.

Prerequisite: MGEB02H3 and [MGEC40H3 or MGEC41H3]
Exclusion: RSM481H1
Breadth Requirements: Social and Behavioural Sciences

MGED50H3 - Workshop in Economic Research

This course introduces to students the techniques used by economists to define research problems and to do research. Students will choose a research problem, write a paper on their topic and present their ongoing work to the class.

Prerequisite: MGEB02H3 and MGEC02H3 and MGEB06H3 and MGEC06H3 and MGEB11H3 and MGEB12H3 and MGEC11H3. This course should be taken among the last 5.0 credits of a twenty-credit degree.
Corequisite: MGED11H3
Exclusion: ECO499H1
Breadth Requirements: Social and Behavioural Sciences
Course Experience: University-Based Experience

MGED63H3 - Financial Crises: Causes, Consequences and Policy Implications

This course studies the causes, consequences and policy implications of recent financial crises. It studies key theoretical concepts of international finance such as exchange-rate regimes, currency boards, common currency, banking and currency crises. The course will describe and analyze several major episodes of financial crises, such as East Asia, Mexico and Russia in the 1990s, Argentina in the early 2000s, the U.S. and Greece in the late 2000s, and others in recent years.

Prerequisite: MGEC61H3
Breadth Requirements: Social and Behavioural Sciences

MGED70H3 - Financial Econometrics

Financial econometrics applies statistical techniques to analyze the financial data in order to solve problems in Finance. In doing so, this course will focus on four major topics: Forecasting returns, Modeling Univariate and Multivariate Volatility, High Frequency and market microstructure, Simulation Methods and the application to risk management.

Prerequisite: MGEC11H3 and [MGEC72H3 or MGFC10H3]
Exclusion: ECO462H`
Breadth Requirements: Quantitative Reasoning

MGED90H3 - Supervised Reading

These courses will normally be made available only to upper-level students whose interests are not covered by other courses and whose performance in Economics courses has been well above average. Not all faculty will be available for these courses in any single session.
Note: Students must obtain consent from the Economic, Academic Director, the supervising instructor and the Department of Management before registering for this course.

MGED91H3 - Supervised Reading

These courses will normally be made available only to upper-level students whose interests are not covered by other courses and whose performance in Economics courses has been well above average. Not all faculty will be available for these courses in any single session.
Note: Students must obtain consent from the Economic, Academic Director, the supervising instructor and the Department of Management before registering for this course.

MGFB10H3 - Principles of Finance

An introduction to basic concepts and analytical tools in financial management. Building on the fundamental concept of time value of money, the course will examine stock and bond valuations and capital budgeting under certainty. Also covered are risk-return trade-off, financial planning and forecasting, and long-term financing decisions.

Prerequisite: MGEB11H3 and MGAB01H3 and [MGTA38H3 or (MGTA35H3) or (MGTA36H3)]
Exclusion: MGT338H5, RSM332H1, MGM230H5, RSM230H1
Breadth Requirements: Social and Behavioural Sciences