600-level Courses & Outlines

Economics (Arts): This is the first in a two-course sequence in microeconomics. The core microeconomics sequence (ECON 610, ECON 611) provides a rigorous coverage of the economic foundation upon which economic fields are built. Most of the sequence is devoted to building up this foundation of consumer and firm optimisation (including choice under uncertainty), partial and general equilibrium, and welfare economics. The remainder of ECON 611 covers special topics that vary from year to year. These are likely to be drawn from the following: social choice; externalities and public goods; models of asymmetric information; the principal-agent framework; search; basic game theory.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): This course is the first in a two-course sequence in macroeconomics. The course offers a thorough treatment of the fundamentals of macroeconomic theory. Emphasis is placed on the construction of economic models with microeconomic foundations. Topics include market-clearing and non-market-clearing models, capital accumulation, business cycles, monetary policy and fiscal policy.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A rigorous analysis of the demand and supply of money and the role that it plays in the economy. Study of the ideas of the major schools of thought in monetary economics.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A detailed examination of theories and policies in international trade and finance.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): The concept of optimal resource management and the associated rules, such as Hotelling's rule and Faustmann's rule. Implications of the need to sink capital for equilibrium in resource utilization under certainty and uncertainty. Conditions under which there is market failure and the merits of price and quantity instruments.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A systematic treatment of the characteristics and problems of economic development in underdeveloped countries.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): An analysis of the nature of the firm, industrial structure and the effect of structure on firm and industry behaviour and performance.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A synthesis of theoretical developments in the area of labour economics with stress upon problems of empirical testing.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): Study of tools that allow numerical solutions to selected economics problems for which closed-form analytical solutions are not available. Coverage includes solutions to dynamic stochastic models in economics and finance, including dynamic programming in discrete and continuous time.

Offered by: Economics

• Corequisite: ECON 620
• Restriction: Not open to students who have taken ECON 752 when topic was "Applied Computational Economics"

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): Essential methods used in practical forecasting and modelling contexts: standard time series models for forecasting; non-stationary data; conditional variance forecasts; nowcasting macroeconomic quantities; density and probability forecasts; feasible forecast horizons; forecast evaluation and presentation.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A broad treatment of linear methods: OLS, GLS, and IV mainly, and show how to apply the bootstrap to these models, with particular reference to parametric specification testing, and diagnostic testing (autocorrelation, heteroskedasticity, normality, parameter constancy).

Offered by: Economics

• Restriction: Not open to students who have taken ECON 662D1/D2

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): Topics include: non-linear regression, maximum likelihood, generalised method of moments (GMM), and non-stationary processes, basically tests for unit roots and cointegration.

Offered by: Economics

• Prerequisite: ECON 662
• Restriction: Not open to students who have taken ECON 662D1/D2

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): With limited public resources, determining which programs, reforms, policies are beneficial, and at what cost, is crucial, and allows public policy to be driven by evidence. However, evaluating programs is made difficult by the “counterfactual problem”: one cannot observe the outcomes or behavior of a participant, had (s)he not participated. This course will describe the standard OLS model, its limitations, and an improvement (panel data models). This course will then present the state-of-the-art empirical techniques used by economists to address the counterfactual issue (randomized experiments, instrumental variables, difference-in-differences, regression discontinuity design; and time permitting selection models and matching). For each of these approaches, we will give the basic intuition, discuss the necessary assumptions, present the strengths and weaknesses, and analyze applications drawn from the literature. Moreover, each technique will be implemented by the students in hands-on Stata sessions.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year

Economics (Arts): A survey of quantitative methods frequently used in economic research. Special emphasis will be placed upon the formulation and evaluation of econometric models. Illustrations will be drawn from the existing empirical literature in economics. Required for all Ph.D. students who have not taken Econometrics as a field.

Offered by: Economics

• Terms
  • This course is not scheduled for the 2024 academic year
• Instructors
  • There are no professors associated with this course for the 2024 academic year