Minor Economics (18 credits)

Offered by: Economics     Degree: Bachelor of Engineering

Program Requirements

The B.Eng.; Minor in Economics focuses on such economic topics as: how societies decide what to produce, how much of it, what determines prices, exchange rates, interest rates, and levels of inflation. How economies function internally and on a global scale, what drives consumers, and how public policy and global events affect markets. A maximum of 9 credits of coursework in the student's major may be double counted with the Minor.

Required Courses (18 credits)

6 credits from the following:

12 credits from:

  • ECON 209 Macroeconomic Analysis and Applications (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A university-level introduction to national income determination, money and banking, inflation, unemployment and economic policy.

    Terms: Fall 2024, Winter 2025

    Instructors: Dickinson, Paul (Fall) El-Attar Vilalta, Mayssun (Winter)

  • ECON 225 Economics of the Environment (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A study of the application of economic theory to questions of environmental policy. Particular attention will be given to the measurement and regulation of pollution, congestion and waste and other environmental aspects of specific economies.

    Terms: Fall 2024

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

    • Restriction: Not open to students who have taken 154-325 or 154-425

  • ECON 303 Canadian Economic Policy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Major theories of how economic policy is made and goes on to use economic tools of analysis to investigate selected policy problems of current interest.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 304 Financial Instruments and Institutions (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Economic analysis of initiating, assembling, pricing and marketing equities of bonds, bills and complex financial instruments; financial innovation; its implications for financial stability and market failure; banks as brokers, underwriters, market makers and international allocators of credit; strategies of private and public agents operating in financial markets, monetary history.

    Terms: Winter 2025

    Instructors: Zhang, Ling Ling (Winter)

  • ECON 305 Industrial Organization (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The course analyzes the structure, conduct, and performance of industries, particularly but not exclusively in Canada. Topics include effects of mergers, barriers to entry, product line and promotion policies, vertical integration, and R & D policies of firms.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 306 Labour Markets and Wages (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Examination of the implications on wage structures of differences in job conditions, levels and type training, long-term employment relationships, unionization etc. A variety of socioeconomic policy issues including subsidies for higher education, government regulation of workplace safety, and the role and treatment of women in today's labour force are explored.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 308 Governmental Policy Towards Business (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Covers the major public policies toward business in Canada, such as competition policy, regulation, public ownership and privatization, industrial policies, and trade policies. Includes comparison with policies of other countries, especially the U.S. Readings will include some legal decisions.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 313 Economic Development 1 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Microeconomic theories of economic development and empirical evidence on population, labour, firms, poverty. Inequality and environment.

    Terms: Fall 2024, Winter 2025

    Instructors: Grimard, Franque (Fall) Ajzenman, Nicolas (Winter)

  • ECON 314 Economic Development 2 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Macroeconomic development issues, including theories of growth, public finance, debt, currency crises, corruption, structural adjustment, democracy and global economic organization.

    Terms: Winter 2025

    Instructors: Grimard, Franque (Winter)

  • ECON 316 The Underground Economy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The origins, structure and operation of the "underground" sectors of modern economies around the world. Topics include the causes of black marketeering in Western economies; international contraband trade in guns and drugs; money laundering through the world financial system.

    Terms: Fall 2024

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

    • Prerequisites: ECON 208 and ECON 209 or those listed under Prerequisites above

  • ECON 326 Ecological Economics (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Macroeconomic and structural aspects of the ecological crisis. A course in which subjects discussed include the conflict between economic growth and the laws of thermodynamics; the search for alternative economic indicators; the fossil fuels crisis; and "green'' fiscal policy.

    Terms: Winter 2025

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 332 Macroeconomic Theory: Majors 1 (3 credits) *

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A review of basic economic concepts and tools with an in depth and critical presentation of the fundamental areas of macroeconomic theory. Topics include: the measurement of economic aggregates, economic growth, and the consumption-savings decision and other basic elements of a business cycle.

    Terms: Fall 2024

    Instructors: Alvarez-Cuadrado, Francisco (Fall)

  • ECON 333 Macroeconomic Theory - Majors 2 (3 credits) *

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A review of basic economic concepts and tools with an in depth and critical presentation of the fundamental areas of macroeconomic theory. Topics include: money and banking and business cycles, stabilization policy, and international finance.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 335 The Japanese Economy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The first part of the course covers the economic institutions in, changing structure of, and public policies employed by the Japanese economy. The second part probes the economic "logic" of the Japanese capitalist system, explores its relationship to the ideas of Joseph Schumpeter, and makes comparisons with the American economy.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

    • Prerequisites: ECON 208 and ECON 209 or those listed under Prerequisites above

  • ECON 336 The Chinese Economy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Examination of the growth and transformation of the Chinese economy and the domestic and international implications.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 337 Introductory Econometrics 1 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The practical application of quantitative methods in statistical investigations.

    Terms: Fall 2024

    Instructors: Goncalves, Silvia (Fall)

    • Prerequisite: a grade of 65% or better in ECON 227 or ECON 257 or an equivalent qualification in statistics. Familiarity with matrix algebra is highly recommended.

  • ECON 347 Economics of Climate Change (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The course focuses on the economic implications of, and problems posed by, predictions of global warming due to anthropogenic emissions of greenhouse gases. Attention is given to economic policies such as carbon taxes and tradeable emission permits and to the problems of displacing fossil fuels with new energy technologies.

    Terms: Winter 2025

    Instructors: Cairns, Robert D (Winter)

    • Prerequisites: ECON 208 and ECON 209 or those listed under Prerequisites above

  • ECON 405 Natural Resource Economics (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Topics include: Malthusian and Ricardian Scarcity; optimal depletion of renewable and non-renewable resources; exploration, risk and industry structure, and current resources, rent and taxation. Current public policies applied to the resource industries, particularly those of a regulatory nature.

    Terms: Winter 2025

    Instructors: Cairns, Robert D (Winter)

  • ECON 406 Topics in Economic Policy (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Selected policy issues are investigated using economic theory. For details on topics covered in the current year, consult the instructor.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 408 Public Sector Economics 1 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Theoretical and empirical economic analysis of the public sector with an emphasis on public goods and government spending. Study of Canadian institutions in international perspective.

    Terms: Fall 2024

    Instructors: Engle-Warnick, James (Fall)

    • Prerequisite: ECON 230D1/D2 or 250D1/D2 or permission of the instructor.

    • Not open to students who have already completed ECON 408D1/D2.

  • ECON 409 Public Sector Economics 2 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Theoretical and empirical economic analysis of the public sector with an emphasis on taxation. Study of Canadian institutions in international perspective.

    Terms: Winter 2025

    Instructors: Zhang, Ling Ling (Winter)

    • Prerequisite: ECON 408 or permission of the instructor

    • Restriction: Not open to students who have taken ECON 408D1/D2

  • ECON 411 Economic Development: A World Area (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : An advanced course in the economic development of a pre-designated underdeveloped country or a group of countries.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

  • ECON 416 Topics in Economic Development 2 (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : This course gives students a broad overview of the economics of developing countries. The course covers micro and macro topics, with particular emphasis on the economic analysis at the micro level.

    Terms: Winter 2025

    Instructors: Amodio, Francesco; Grimard, Franque (Winter)

  • ECON 420 Topics in Economic Theory (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The course discusses selected topics in micro or macroeconomic theory at an advanced level. Possible topics include welfare economics, general equilibrium, theories of firms, consumer behaviour, intertemporal choice, uncertainty, game theory, etc.

    Terms: Fall 2024, Winter 2025

    Instructors: Davidson, Russell (Fall) Xue, Licun (Winter)

  • ECON 426 Labour Economics (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The determinants of labour supply, demand and the structure of earnings are considered. The economic effects of government policies, such as minimum wage laws, unemployment insurance, welfare and training programs and subsidies to higher education are analyzed. A rigorous theoretical and "hands on'' empirical approach is emphasized.

    Terms: Winter 2025

    Instructors: Lange, Fabian (Winter)

  • ECON 434 Current Economic Problems (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A discussion of contemporary economic problems. Topics will reflect economic issues of current interest.

    Terms: Fall 2024

    Instructors: Ajzenman, Nicolas (Fall)

  • ECON 440 Health Economics (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The organization and performance of Canada's health care system are examined from an economist's perspective. The system is described and its special features analyzed. Much attention is given to the role of government in the system and to financing arrangements for hospital and medical services. Current financial problems are discussed.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

    • Prerequisites: ECON 208 and ECON 227 or comparable courses or consent of the instructor

  • ECON 468 Econometrics 1 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : The statistical basis of econometric modelling and treatment of the linear regression model; simple time series models; procedures for inference in linear cases; an introduction to methods for dealing with endogeneity and non-constant variance.

    Terms: Fall 2024

    Instructors: Chaudhuri, Saraswata (Fall)

    • Prerequisite(s): ECON 257D1/D2 or permission of the instructor.

    • Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2

  • ECON 469 Econometrics 2 - Honours (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : Treatment of asymptotic theory and classical inferential procedures, an introduction to the bootstrap, maximum likelihood, non-linear models, mis-specification testing, non-stationarity and limited dependent variable models.

    Terms: Winter 2025

    Instructors: Goncalves, Silvia (Winter)

    • Prerequisite: ECON 468

    • Restriction(s): Not open to students who have taken or are taking ECON 467D1/D2

  • ECON 525 Project Analysis (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : A course in cost benefit analysis for graduate and advanced undergraduate students.

    Terms: This course is not scheduled for the 2024-2025 academic year.

    Instructors: There are no professors associated with this course for the 2024-2025 academic year.

    • Restriction: Open to advanced undergraduate students. Prerequisite: ECON 250, ECON 352 or equivalent

  • ECON 546 Game Theory (3 credits)

    Offered by: Economics (Faculty of Arts)

    Overview

    Economics (Arts) : This course introduces students to game theory, the branch of the social sciences that focuses on the formal modelling and analysis of human interactions and strategic behaviour. Basic concepts in cooperative and non-cooperative games are applied to economic models.

    Terms: Fall 2024

    Instructors: Dutta, Rohan (Fall)

    • Prerequisite: ECON 230 or ECON 250

    • Restriction: Not open to students who have taken ECON 446. Open to advanced undergraduate students

  • MIME 325 Mineral Industry Economics (3 credits) **

    Offered by: Mining & Materials Engineering (Faculty of Engineering)

    Overview

    Mining & Materials Engineering : Geographical distribution of mineral resources. Production, consumption and prices of minerals. Market structure of selected minerals. Economic evaluation aspects: grade-tonnage considerations; capital and operating cost estimation; assessment of market conditions; estimation of revenue; taxation; sensitivity and risk analyses; economic optimization of mine development and extraction.

    Terms: Winter 2025

    Instructors: Kumral, Mustafa (Winter)

  • MIME 526 Mineral Economics (3 credits) **

    Offered by: Mining & Materials Engineering (Faculty of Engineering)

    Overview

    Mining & Materials Engineering : Mineral project evaluation techniques and applications. Topics covered include grade-tonnage relationships, capital and operating cost estimation techniques, assessment of mineral market conditions, taxation, discounted cash flow analysis, risk analysis, and optimization of project specifications with respect to capacity and cutoff grade.

    Terms: Winter 2025

    Instructors: Kumral, Mustafa (Winter)

    • (3-2-5)

    • Prerequisite: Permission of instructor. (Background in economics required.)

    • Not open to students who have taken MIME 325.

* If chosen, students choose either ECON 209 or ECON 332 and ECON 333.

** Note: Only open to Mining and Materials Engineering students.

Faculty of Engineering—2024-2025 (last updated Apr. 3, 2024) (disclaimer)
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