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Graduate Calendar
Spring 2018

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All courses listed will not necessarily be offered in every term. Courses are normally three hours a week.

41-501. Microeconomic Theory I
An intensive review of the theory of the firm and consumer theory.

41-502. Macroeconomics Theory I
An intensive review of theories of the determination of aggregate output, employment and price level.

41-503. Microeconomic Theory II
Additional topics in microeconomic theory.

41-504. Macroeconomic Theory II
Additional topics in macroeconomic theory.

41-510. Theory of International Economics
An introduction to the problem of international trade of goods and services, and the related issues of exchange rate determination and balance of payment; Domestic policies under alternative exchange rate regimes; Money and exchange rates in models with sticky or flexible prices.

41-516. Labour Economics I
The demand and supply analysis; human capital; trade unions and collective bargaining; wage structures; labour mobility.

41-531. Industrial Organization
A theoretical and empirical analysis of firms and markets.

41-541. Econometric Theory I
The general linear model, selected single equation problems, and an introduction to simultaneous equations methods.

41-542. Econometric Theory II
Additional topics in econometric theory (Prerequisite: 41-541.)

41-543. Applied Econometrics
The specification, estimation and testing of economic models. Emphasis will be on the classical linear regression model, the implications or violations of its basic assumptions and diagnostic testing. (This course is not intended for students who take 41-541.)

41-550. Monetary Theory
A survey of recent developments in the theory of money and monetary control of an economy, in addition to selected topics.

41-580. Models of Strategic Behaviour
A review of game theory showing how strategic reasoning can be used as a tool in decision theory. Topics include solution concepts for Normal form and Extensive form games, plus applications.

41-581. Mathematical Economics
The formal properties of selected economic models. Includes an examination of the problems of existence, uniqueness and stability of solutions.

41-582. Selected Topics in Economic Theory
An examination of the most recent literature on one or two selected topics in theory.

41-590. Regional Economics
Theoretical and policy issues relating to large regions, including, for example, distribution of wealth, distribution of productive resources, and migration.

41-591. Urban Economics
Theoretical and policy issues relating to urban areas, including, for example, urban growth and land use.

41-594. Special Studies in Economics
Research and reading course in a selected field approved by the Department.

41-796. Major Paper


41-601. Applied Microeconomics
This course offers a systematic presentation of consumer theory, theory of the firm, and market equilibrium. Topics covered include preferences and utility, exchange, production, pricing, market structures, and welfare economics. These concepts are then applied to various policy issues including price and quantity regulation, taxation of labor and capital, income distribution, and the minimum wage.

41-602. Applied Macroeconomics
This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships. Finally, the theory developed is applied to various policy issues such as a zero inflation rule, full employment legislation, and a balanced budget amendment.

41-603. Mathematics for Applied Economics
This course focuses on the mathematical methodology to be used in economic analysis. Topics covered include differential calculus and their importance in economics, linear algebra and its applications, optimization, Taylor series and linear approximation. Particular emphasis is placed on learning about how to use these methods in order to analyze economic phenomena.

** This course will be cross-listed with undergraduate course (41-306), with more advanced expectations set for students enrolled under the graduate number.

41-604. Applied Econometrics 1
In this course, students will perform applied econometric analysis and use various econometric methods. Topics include probability and sampling, distribution theory, hypothesis testing, estimation, and analysis of variance

41-605. Applied Econometrics 2
This is a continuation of 41-604. Students will use statistical methods to analyze economic data, including empirically testing some economic theories and making predictions. Students will perform applied econometric analysis and use advanced econometric methods. (Prerequisite: 41-604.)

41-606. Business Communication
This course aims to enhance students’ communications skills and ability within a Canadian academic and employment context, including the opportunity to enhance their academic and occupational communication skills throughout a variety of relevant mediums.

41-607. Research Project in Economic Policy and Seminar
This course is intended to develop independent research and presentation skills. With the guidance of the Instructor, students will choose a research economic topic, pose a specific question to be addressed and investigate the question. Students will be expected to conduct a formal literature survey which will form the basis for their investigation. The resulting paper can be theoretical, empirical or qualitative in nature. Students will be assessed on the basis of classroom discussions, classroom presentations and written assignment. (Prerequisites: 41-601, 41-602, 41-605.)