Economics (ECON)

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Economics (ECON)

Location

Location

  • Room 443, Stephen Leacock Building
  • 855 Sherbrooke Street West
  • Montreal, Quebec H3A 2T7
  • Telephone: 514-398-4850
  • Fax: 514-398-4938
  • Email: undergraduate.economics [at] mcgill.ca
  • Website: www.mcgill.ca/economics

About Economics

About Economics

General

General

For more up-to-date, detailed information about the Department and its programs, please visit our websites as follows: www.mcgill.ca/economics/undergraduates/majorminor for information on the Major and Minor programs and www.mcgill.ca/economics/undergraduates/honours for information on the Honours programs.

U0 students interested in economics should take ECON 208 and ECON 209. These courses provide good preparation for the Honours and Major programs, although neither course is a prerequisite for either program. The first year of microeconomics courses for the Honours Program (ECON 250D1/ECON 250D2) and for the Majors Program (ECON 230D1/ECON 230D2) should not be taken in the U0 year.

Note: The Economics Honours program is offered to both B.A. and B.Com. students. All Honours students must meet with a Department Honours adviser in each year of their Honours program.

Please see the following website to access the document on credit for economics courses taken elsewhere: www.mcgill.ca/economics/undergraduates/courses. For information on Economics Internships, see www.mcgill.ca/arts-internships/departments/economics.

Economics (ECON) Faculty

Economics (ECON) Faculty

Chair
William Watson
Emeritus Professor
Kari Levitt; B.Sc.(Lond.), M.A.(Tor.)
Professors
Robert B. Cairns; B.Sc.(Tor.), Ph.D.(MIT)
Russell Davidson; B.Sc., Ph.D.(Glas.), Ph.D.(Br. Col.) (Canada Research Chair)
Jean-Marie Dufour; B.Sc.(McG.), M.Sc.(Montr.), M.A.(C'dia.), M.A.(Chic.), Ph.D.(Chic.)
John Galbraith; B.A.(Qu.), M.Phil., D.Phil.(Oxf.) (James McGill Professor)
Christopher Green; M.A.(Conn.), Ph.D.(Wis.)
Jagdish Handa; B.Sc.(Lond.), Ph.D.(Johns Hop.)
Jennifer Hunt; I.B.(International School of Geneva), S.B.(MIT), Ph.D.(Harv.)
Ngo Van Long; B.Ec.(LaT.), Ph.D.(A.N.U.) (James McGill Professor)
Mary E. Mackinnon; B.A.(Qu.), M.Phil., D.Phil.(Oxf.)
Robin Thomas Naylor; B.A.(Tor.), M.Sc.(Lond.), Ph.D.(Cant.)
Victoria Zinde-Walsh; M.A.(Wat.), M.Sc., Ph.D.(Moscow St.)
Associate Professors
Hassan Benchekroun; Diplôme d’ingénieur d’état(École Mohamedia des Ingénieurs, Morocco), Ph.D.(Laval)
James Engle-Warnick; B.S.(Akron), M.B.A.(Carnegie), Ph.D.(Pitts.)
Franque Grimard; B.A.(York), Ph.D.(Prin.)
C. John Kurien; B.A.(Kerala), M.A., Ph.D.(Vanderbilt)
Daniel Parent; B.A., M.A.(Laval), Ph.D.(Montr.) (William Dawson Scholar)
Christopher T.S. Ragan; B.A.(Vic., BC), M.A.(Qu.), Ph.D.(MIT)
Thomas Velk; M.S., Ph.D.(Wis.)
William Watson; B.A.(McG.), Ph.D.(Yale)
Licun Xue; B.Eng., M.Eng.(Tianjin), M.A., Ph.D.(McG.)
Assistant Professors
Francisco Alvarez-Cuadrado; B.Sc.(Pontifica Comillas), M.A., Ph.D.(Wash.)
Matthieu Chemin; M.Sc. Eng.(École Centrale de Paris), M.Sc., Ph.D.(LSE)
Takashi Kunimoto; B.A.(Doshisha), M.A.(Kyoto), M.A., Ph.D.(Brown)
Sonia Laszlo; B.A.(Ott.), M.A.(W. Ont.), Ph.D.(Tor.)
Markus Poschke; M.Sc.(Maastricht), M.A.(Institut d'Études Politiques, Paris), M.Res., Ph.D.(European University Institute, Italy)
Maxim Sinitsyn; B.A.(Central Methodist), M.S.(Southern Illinois), M.A., Ph.D.(N’western)
Erin Strumpf; B.A.(Smith), Ph.D.(Harv.)
Dhanoos Sutthiphisal; B.Eng.(Chulalonghorn), M.B.A., M.S.(Lehigh), Ph.D.(Calif.-LA)
Lecturers
Paul Dickinson
Kenneth MacKenzie
Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Minor Concentration Economics (18 credits)

The Minor Concentration Economics is offered in four streams:

Stream I – Expandable

Stream II – Non-expandable

Stream III – for Management students

Stream IV – Combinable, for students already registered in the Major Concentration Economics

In general, 200-level courses have no prerequisites, ECON 208 and ECON 209 (substitutable by the combination of MGCR 293 and ECON 295 or the more advanced course ECON 230D1/ ECON 230D2 or ECON 250D1/ ECON 250D2) are prerequisites for 300-level courses, ECON 230D1/ECON 230D2 or ECON 250D1/ ECON 250D2 are prerequisites for 400-level courses.

Stream I - Required Courses (6 credits)

This stream is for students whose primary interest is in a field other than Economics, but who wish to keep the option of upgrading to the Major Concentration in the future.

ECON 230D1 (3) Microeconomic Theory
ECON 230D2 (3) Microeconomic Theory

Stream I - Complementary Courses (12 credits)

12 credits of courses with the Economics subject code ECON with numbers above 209. At least 6 of these credits must be in 300- or 400-level courses.

Stream II - Required Courses (6 credits)

Note: Stream II of the Minor Concentration Economics may not be expanded to the Major Concentration Economics.

ECON 208 (3) Microeconomic Analysis and Applications
ECON 209 (3) Macroeconomic Analysis and Applications

Stream II - Complementary Courses (12 credits)

12 credits of courses with the Economics subject code ECON with numbers above 209. At least 6 of these credits must be in 300- or 400-level courses.

Stream III - Complementary Courses (18 credits)

Stream III is available only to Management students.

18 credits of courses with the Economics subject code ECON with numbers above 209. At least 6 of these credits must be in 300- or 400-level courses.

Note: ECON 295 will not count as part of this Minor Concentration.

Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

Stream IV - Complementary Courses (18 credits)

Students who are registered in the Major Concentration Economics and a minor concentration in another unit may complete as a second minor concentration the Minor Concentration Economics. Please see the Faculty of Arts regulations for "Faculty Degree Requirements," "About Program Requirements," and "Departmental Programs" for detailed information on the Multi-track System options.

18 credits of courses with the Economics subject code ECON with numbers above 209. At least 6 of these credits must be in 400- or 500-level courses and no more than 3 credits may be at the 200-level.

Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Major Concentration Economics (36 credits)

The Major Concentration Economics is a planned sequence of courses designed to permit the student a degree of specialization in economics. It consists of 36 credits in courses approved by the Economics Department.

All students who wish to begin (or continue) a Major Concentration Economics should see a Majors adviser in the Department of Economics in each of their university years. Further information may be obtained from the Department's website, or from any Major adviser; consult the Departmental office for a list of advisers.

Students who are registering for the first time with the Department should attend the orientation meeting (check the website for details) before seeing an adviser.

A student choosing a Major Concentration Economics must take 36 credits in Economics. The Economics courses will normally be taken at McGill and will be selected from the courses shown below. Economics Major Concentration students entering University at the U1 year in September should directly proceed to ECON 230D1/ECON 230D2 without taking ECON 208 and ECON 209.

Students who wish to switch from the Major Concentration to Honours Economics must complete all the requirements of the Honours program.

Required Courses (18 credits)

Please note that all students taking the Major Concentration Economics (whether in the B.A. or B.Com.) must take 6 credits of approved statistics courses. Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

Mathematics: Mastery of high school mathematics is required for all economics courses. For Majors and Minors in Economics, it is recommended, but not required, that students acquire mastery of elementary calculus and matrix algebra in their undergraduate years. (See courses listed under the Honours program.)

ECON 227D1 (3) Economic Statistics
ECON 227D2 (3) Economic Statistics
ECON 230D1 (3) Microeconomic Theory
ECON 230D2 (3) Microeconomic Theory
ECON 330D1 (3) Macroeconomic Theory
ECON 330D2 (3) Macroeconomic Theory

Complementary Courses (18 credits)

18 credits in Economics selected from other 200- (with numbers above 209), 300-, 400- and 500-level courses. At least 6 of these credits must be in 400- or 500-level courses. No more than 6 credits may be at the 200 level.

Prerequisites: in general 200-level courses have no prerequisites; 300-level courses have ECON 230D1/ECON 230D2 (or the lower level courses ECON 208 and ECON 209, or the combination of MGCR 293 and ECON 295) as prerequisites; and 400-level courses have ECON 230D1/ECON 230D2 as a prerequisite.

Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Honours Economics (42 credits)

The Honours Economics program (B.A. and B.Com.) consists of 30 specified credits of Honours courses and a further 12 credits of approved Economics courses. Honours students are also required to complete prerequisite Math courses in basic calculus and linear algebra.

All Honours students should consult the handout describing the Honours and Joint Honours Programs available in the Economics Department Office, 443 Leacock Building, and on the website at: http://www.mcgill.ca/economics/undergraduates/honours.

Normally, to be awarded an Honours Degree, a student must obtain a 3.00 program GPA in the required and complementary credits in Economics, and a CGPA of 3.00. For a First Class Honours degree, the minimum requirements are normally a 3.50 program GPA in the required and complementary credits in Economics, and a CGPA of 3.50.

Required Math Prerequisites

All Honours students must complete three Math prerequisites. A sequence of two calculus courses with a grade of C or higher should be completed prior to entering the Honours Program. Prior to their U2 year, students should complete MATH 133. These requirements can be met by having passed equivalent courses at CEGEP or elsewhere. Honours students are encouraged, but not required, to take MATH 222 Calculus 3.

* Note: Students without high school calculus take MATH 139; those with high school calculus take MATH 140.

MATH 133 (3) Linear Algebra and Geometry
MATH 139* (4) Calculus 1 with Precalculus
MATH 140* (3) Calculus 1
MATH 141 (4) Calculus 2

Required Courses (27 credits)

Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

Students who have taken an equivalent statistics course prior to entering the program may be waived from the ECON 257D1/ECON 257D2 requirement. These students will normally be required to take ECON 469 in addition to ECON 468.

Normally, ECON 250D1/ECON 250D2 is taken in the U1 year, ECON 352D1/ECON 352D2 in U2, and ECON 450D1/ ECON 450D2 in U3. ECON 257D1/ECON 257D2 can be taken in U1 or U2; and ECON 468 can be taken in U2 or U3.

ECON 250D1 (3) Introduction to Economic Theory: Honours
ECON 250D2 (3) Introduction to Economic Theory: Honours
ECON 257D1 (3) Economic Statistics - Honours
ECON 257D2 (3) Economic Statistics - Honours
ECON 352D1 (3) Macroeconomics - Honours
ECON 352D2 (3) Macroeconomics-Honours
ECON 450D1 (3) Advanced Economic Theory - Honours
ECON 450D2 (3) Advanced Economic Theory - Honours
ECON 468 (3) Econometrics 1 - Honours

Complementary Courses (15 credits)

Complementary courses are usually taken in U2 or U3.

3 credits from:

ECON 460 (3) History of Thought 1 - Honours
ECON 461 (3) History of Thought 2 - Honours
ECON 469 (3) Econometrics 2 - Honours

12 credits of Economics courses at the 300-, 400- or 500-level, approved by an Honours adviser. Normally at least 9 of the 12 will be at the 400- or 500-level. (Note: Honours students are not permitted to register for general Economics courses where an Honours course in the same field is offered.)

Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Joint Honours Component Economics (30 credits)

Students wishing to study at the Honours level in two disciplines can combine Joint Honours Program components in any two Arts disciplines. For a list of available Joint Honours programs, see "Overview of Programs Offered" and "Joint Honours Programs." 

Joint Honours students should consult an adviser in each department to discuss their course selection and their interdisciplinary research project (if applicable) in each year of their program.

All Joint Honours students should consult the handout describing the Honours and Joint Honours Programs available in the Economics Department Office, 443 Leacock Building, and on the website at: http://www.mcgill.ca/economics/undergraduates/honours.

According to Faculty of Arts regulations, Joint Honours students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.00.

Required Math Prerequisites

All Joint Honours students must complete three Math prerequisites. A sequence of two calculus courses with a grade of C or higher should be completed prior to entering the Joint Honours Program. Prior to their U2 year, students should complete MATH 133. These requirements can be met by having passed equivalent courses at CEGEP or elsewhere. Joint Honours students are encouraged, but not required, to take MATH 222 Calculus 3.

* Note: Students without high school calculus take MATH 139; those with high school calculus take MATH 140.

MATH 133 (3) Linear Algebra and Geometry
MATH 139* (4) Calculus 1 with Precalculus
MATH 140* (3) Calculus 1
MATH 141 (4) Calculus 2

Required Courses (27 credits)

Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

ECON 250D1 (3) Introduction to Economic Theory: Honours
ECON 250D2 (3) Introduction to Economic Theory: Honours
ECON 257D1 (3) Economic Statistics - Honours
ECON 257D2 (3) Economic Statistics - Honours
ECON 352D1 (3) Macroeconomics - Honours
ECON 352D2 (3) Macroeconomics-Honours
ECON 450D1 (3) Advanced Economic Theory - Honours
ECON 450D2 (3) Advanced Economic Theory - Honours
ECON 468 (3) Econometrics 1 - Honours

Complementary Course (3 credits)

3 credits from:

ECON 460 (3) History of Thought 1 - Honours
ECON 461 (3) History of Thought 2 - Honours
ECON 469 (3) Econometrics 2 - Honours
Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Joint Honours Component Economics / Joint Honours Component Accounting (60 credits)

The B.A. Joint Honours Component Economics / Joint Honours Component Accounting program is offered with the Desautels Faculty of Management and is commonly referred to as the Joint honours in Economics and Accounting.

Students in this Joint Honours program should see an Economics adviser and a Management adviser.

All Joint Honours students should consult the handout describing the Honours and Joint Honours Programs available in the Economics Department Office, 443 Leacock Building, and on the website at: http://www.mcgill.ca/economics/undergraduates/honours.

According to Faculty of Arts regulations, Joint Honours students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.00.

Required Math Prerequisites

All Joint Honours students must complete three Math prerequisites. A sequence of two calculus courses with a grade of C or higher should be completed prior to entering the Joint Honours Program. Prior to their U2 year, students should complete MATH 133. These requirements can be met by having passed equivalent courses at CEGEP or elsewhere. Joint Honours students are encouraged, but not required, to take MATH 222 Calculus 3.

* Note: Students without high school calculus take MATH 139; those with high school calculus take MATH 140.

MATH 133 (3) Linear Algebra and Geometry
MATH 139* (4) Calculus 1 with Precalculus
MATH 140* (3) Calculus 1
MATH 141 (4) Calculus 2

Joint Honours Component Economics Requirements

Questions about the requirements for the 30-credit Economics component of this joint honours program should be directed to the Honours program adviser in the Department of Economics.

Economics - Required Courses (27 credits)

Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

ECON 250D1 (3) Introduction to Economic Theory: Honours
ECON 250D2 (3) Introduction to Economic Theory: Honours
ECON 257D1 (3) Economic Statistics - Honours
ECON 257D2 (3) Economic Statistics - Honours
ECON 352D1 (3) Macroeconomics - Honours
ECON 352D2 (3) Macroeconomics-Honours
ECON 450D1 (3) Advanced Economic Theory - Honours
ECON 450D2 (3) Advanced Economic Theory - Honours
ECON 468 (3) Econometrics 1 - Honours

Economics - Complementary Courses (3 credits)

3 credits selected from the following Economics courses:

ECON 460 (3) History of Thought 1 - Honours
ECON 461 (3) History of Thought 2 - Honours
ECON 469 (3) Econometrics 2 - Honours

Joint Honours Component Accounting Requirements

Questions about the requirements for the 30-credit Accounting component of this joint honours program should be directed to the Honours program adviser in the Desautels Faculty of Management.

Accounting - Required Courses (18 credits)

ACCT 351 (3) Intermediate Financial Accounting 1
ACCT 352 (3) Intermediate Financial Accounting 2
ACCT 361 (3) Intermediate Management Accounting 1
ACCT 455 (3) Development of Accounting Thought
MGCR 211 (3) Introduction to Financial Accounting
MGCR 341 (3) Finance 1

Accounting - Complementary Courses (12 credits)

12 credits of Accounting courses selected from:

ACCT 354 (3) Financial Statement Analysis
ACCT 362 (3) Intermediate Management Accounting 2
ACCT 385 (3) Principles of Taxation
ACCT 452 (3) Financial Reporting Valuation
ACCT 453 (3) Advanced Financial Accounting
ACCT 463 (3) Advanced Management Accounting
ACCT 475 (3) Principles of Auditing
ACCT 486 (3) Business Taxation 2
Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Bachelor of Arts (B.A.) - Joint Honours Component Economics / Joint Honours Component Finance (60 credits)

The B.A. Joint Honours Component Economics and Joint Honours Component Finance program is offered with the Desautels Faculty of Management and is commonly referred to as the Joint Honours in Economics and Finance.

Students in this Joint Honours program should see an Economics adviser and a Management adviser.

All Joint Honours students should consult the handout describing the Honours and Joint Honours Programs available in the Economics Department Office, 443 Leacock Building, and on the website at: http://www.mcgill.ca/economics/undergraduates/honours.

According to Faculty of Arts regulations, Joint Honours students must maintain a minimum CGPA of 3.00 and maintain a minimum program GPA of 3.00.

Required Math Prerequisites

All Joint Honours students must complete three Math prerequisites. A sequence of two calculus courses with a grade of C or higher should be completed prior to entering the Joint Honours Program. Prior to their U2 year, students should complete MATH 133. These requirements can be met by having passed equivalent courses at CEGEP or elsewhere. Joint Honours students are encouraged, but not required, to take MATH 222 Calculus 3.

* Note: Students without high school calculus take MATH 139; those with high school calculus take MATH 140.

MATH 133 (3) Linear Algebra and Geometry
MATH 139* (4) Calculus 1 with Precalculus
MATH 140* (3) Calculus 1
MATH 141 (4) Calculus 2

Joint Honours Component Economics Requirements

Questions about the requirements for the 30-credit Economics component of this joint honours program should be directed to the Honours program adviser in the Department of Economics.

Economics - Required Courses (27 credits)

Please refer to the department's document "Rules on Stats Courses for Economics Students" available on the following website: http://www.mcgill.ca/economics/undergraduates/courses/.

ECON 250D1 (3) Introduction to Economic Theory: Honours
ECON 250D2 (3) Introduction to Economic Theory: Honours
ECON 257D1 (3) Economic Statistics - Honours
ECON 257D2 (3) Economic Statistics - Honours
ECON 352D1 (3) Macroeconomics - Honours
ECON 352D2 (3) Macroeconomics-Honours
ECON 450D1 (3) Advanced Economic Theory - Honours
ECON 450D2 (3) Advanced Economic Theory - Honours
ECON 468 (3) Econometrics 1 - Honours

Economics - Complementary Courses (3 credits)

3 credits selected from the following Economics courses:

ECON 460 (3) History of Thought 1 - Honours
ECON 461 (3) History of Thought 2 - Honours
ECON 469 (3) Econometrics 2 - Honours

Joint Honours Component Finance Requirements

Questions about the requirements for the 30-credit Finance component of this joint honours program should be directed to the Honours program adviser in the Desautels Faculty of Management.

Finance - Required Courses (18 credits)

FINE 342 (3) Finance 2
FINE 441 (3) Investment Management
FINE 443 (3) Applied Corporate Finance
FINE 547 (3) Advanced Finance Seminar
MGCR 211 (3) Introduction to Financial Accounting
MGCR 341 (3) Finance 1

Finance - Complementary Courses (12 credits)

12 credits of Finance courses selected from:

FINE 434 (3) Topics in Finance
FINE 448 (3) Financial Derivatives
FINE 449 (3) Market Risk Models
FINE 451 (3) Fixed Income Analysis
FINE 482 (3) International Finance 1
FINE 492 (3) International Finance 2
FINE 541D1 (1.5) Applied Investments
FINE 541D2 (1.5) Applied Investments
Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Standing in Honours and Joint Honours Programs

Standing in Honours and Joint Honours Programs in Economics

Normally, to be awarded an Honours Degree a student must obtain a 3.00 program GPA in the required and complementary credits in Economics, and a CGPA of 3.00. For a First Class Honours degree, the minimum requirements are normally a 3.50 program GPA in the required and complementary credits in Economics, and a CGPA of 3.50. For additional requirements for the B.Com. Honours in Economics, Joint Honours in Economics and Finance, and Joint Honours in Economics and Accounting, please consult the Desautels Faculty of Management section of this publication for their program grade and GPA requirements. In particular, these programs also require a minimum grade of B- in all Management courses.

Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)

Economics (ECON) Related Programs

Economics (ECON)

Minors in Management

Minors in Management

Economics students can also do one of the four minors offered by the Desautels Faculty of Management for non-Management students. Please refer to the Desautels Faculty of Management section of this publication for detailed information about program requirements and applying.

Finance for Non-Management Students; see Desautels Faculty of Management > Minor Finance (For Non-Management Students) (18 credits).

Management for Non-Management Students; see Desautels Faculty of Management > Minor Management (For Non-Management Students) (18 credits).

Marketing for Non-Management Students; see Desautels Faculty of Management > Minor Marketing (For Non-Management Students) (18 credits).

Operations Management for Non-Management Students; see Desautels Faculty of Management > Minor Operations Management (For Non-Management Students) (18 credits).

Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)
Faculty: 
Faculty of Arts—2010-2011 (last updated Apr. 22, 2010) (disclaimer)