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Economics is a social science that encompasses a particular range of human behaviour
and has a strong influence on the structure, well-being, and development
of a society.
Much of human activity is directed towards the satisfaction
of material wants. In many areas of the world, the greater part of human
effort must be directed towards meeting the most elemental demands for
food, clothing, and shelter. Even in technologically advanced societies,
where
these basic requirements can be met with comparative ease, the desire
for more goods and services never appears to be fully satisfied. In consequence,
every society - regardless of whether it is capitalist, socialist, or
communist
in political orientation - is both competitive and cooperative. It is
competitive because its members contend with one another to satisfy their
individual
wants from a limited supply of productive resources. It is cooperative
because the greatest supply of goods is available when the activity of producing
them is coordinated and organized. Economics deals with any issue arising
out of the conflict between the demand for goods and services, and a
limited
supply of resources to satisfy those demands.
Undergraduate training in economics is intended to familiarize students
with the discipline of economic thinking, and to equip them for intelligent
appraisal of contemporary economic problems. It is also intended to
make students aware of the nature of economic science, and of the directions
in which economic theory is moving.
Economic theory now makes considerable use of mathematics in some
of its enquiries. A student who chooses to specialize in economics should
take at least one basic course in mathematics. More such courses
may
be taken, and several economics courses draw on mathematical analysis.
Because of advances in economic theory, an undergraduate degree is
not sufficient to become a professional economist. For this or
other reasons,
graduate work may be necessary. Students who wish to do graduate
work should seek advice from the Department concerning their choice
of courses.
The Department publishes an Undergraduate Handbook. Copies may
be obtained from the Department at 150 St. George Street. Some
Economics
Specialist
Programs list advisors whom students are encouraged to consult.
Undergraduate Administrator: R. Innes
Commerce Assistant: J. Fan
Enquiries: 100 St. George Street, 4th floor (416-978-4603)
Economics Programs
Enrolment in Economics courses and programs is based on grades in ECO100Y1, a minimum CGPA (please read entry requirements carefully) and in some cases, MAT133Y1 or MAT135Y1 or MAT137Y1/MAT157Y1. Consult the Registration Handbook & Timetable and Departmental Handbook for details.
Economic History & Economics (Arts program)
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
Specialist program:
(13 full courses or their equivalent, including at least one 400-series ECO full-course equivalent)
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1
Higher Years:
1. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1, ECO220Y1/ECO227Y1/(STA250H1,STA255H1)/(STA257H1,STA261H1)
2. Four Economic History courses from: 301Y, STA302H1, 303Y, 307H, 308H, 309H, 321Y, 342Y, 353Y, 354H, 355H, 423H, 429Y, 435H. Up to one HIS course may be taken to complete this requirement.
3. Four additional ECO courses (not from above list)
Economic History (Arts program)
Enrolment in the Economic History Programs is limited to students with
67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
Major program
(6 full courses or their equivalent)
First Year:
ECO100Y1/ECO105Y1
Higher Years:
1. ECO200Y1/ECO206Y1
2. Four Economic History courses from: 301Y, ECO302H1, ECO303Y1, ECO307H1, ECO308H1, ECO309H1, ECO321Y1, ECO342Y1, ECO353Y1, 354H, 355H, ECO423H1, ECO429Y1, ECO435H1
Minor program:
(4 full courses or their equivalent)
1. ECO100Y1/ECO105Y1
2. ECO200Y1/ECO206Y1
3. Two Economic History courses from from: 301Y, ECO302H1, ECO303Y1, ECO307H1, ECO308H1, ECO309H1, ECO321Y1, ECO342Y1, ECO353Y1,
354H, 355H, ECO423H1, ECO429Y1, ECO435H1
Economics (Arts program)
Specialist program:
(13 full courses or their equivalent, including at least one 400-series course)
Enrolment in the Specialist Program is limited to students with 70% in ECO100Y1,
and 63% in MAT133Y1 or 60% in MAT135Y1 or 55% in MAT137Y1, and a CGPA of 2.3.
First Year:
ECO100Y1; MAT133Y1/MAT135Y1/MAT137Y1
Higher Years:
1. ECO206Y1, ECO208Y1, ECO227Y1/(STA257H1, STA261H1), ECO325H1, ECO326H1, ECO327Y1, ECO429Y1
2. One Economic History course from the following: 301Y, ECO302H1, ECO303Y1, ECO307H1, ECO308H1, ECO309H1, ECO321Y1, ECO342Y1, ECO353Y1, 354H, 355H, ECO423H1, ECO429Y1, ECO435H1
3. Four additional 300+ series ECO courses, no more than one of which may be a course in Economic history.
4. Additional preparation is strongly recommended: MAT223H1/MAT240H1, MAT235Y1/MAT237Y1/ECO210H1
Major program:
(7 full courses or their equivalent)
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1
Higher Years:
1. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1/ECO209Y1, ECO220Y1/ECO227Y1/(STA250H1, STA255H1)/(STA257H1, STA261H1)
2. Two additional 300+ series ECO courses, no more than one of which may be a course in Economic History
Minor program:
(4 full courses or their equivalent)
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
1. ECO100Y1/ECO105Y1
2. ECO200Y1/ECO206Y1
3. Two additional ECO courses, including at least one 300+ series course.
No more than one Economic History course is permitted in this program.
Economics (Commerce & Finance) (B.Com.) - See Commerce
(page 38)
Environmental Economics - See Centre for Environment
Economics (Quantitative Methods) (Science program)
Enrolment in this program is limited to students with 70% in ECO100Y1,
and 55% in MAT137Y1, and a CGPA of 2.3.
Specialist program:
(12 full courses or their equivalent, including at least one 400-series course)
First Year:
ECO100Y1; MAT137Y1/MAT157Y1
Higher Years:
1. APM236H1/(CSC165H1,CSC236H1)/CSC240H1/CSC263H1
2. ECO206Y1, ECO208Y1, ECO325H1, ECO326H1, ECO327Y1
3. MAT223H1/MAT240H1, MAT235Y1/MAT237Y1
4. ECO227Y1/(STA257H1, STA261H1)
5. One course from Group A and two courses from A or B (for a total of three):
Group A:
ECO416H1, ECO418H1; APM236H1, APM462H1; CSC148H1, (CSC165H1, CSC236H1)/CSC240H1, CSC207H1, CSC260H1, CSC263H1, CSC336H1/CSC350H1, CSC340H1, CSC354H1, CSC363H1/CSC365H1, CSC373H1/CSC375H1, MAT315H1, MAT337H1; STA322H1, STA352Y1, STA414H1, STA422H1, 452H, STA457H1, 464H
Group B:
Any 300+ series ECO course
Note:
At least four 300+ series courses, including at least one 400-series
course must be completed for this program.
Financial Economics (Science program)
Specialist program:
(13 full courses or their equivalent, including at least one 400-series full
course or its equivalent)
Enrolment in this program is limited to students with 70% in ECO100Y1/100Y5,
63% in MAT133Y1/133Y5 or 60% in MAT134Y5/MAT135Y1/135Y5 or 55% in MAT137Y1/138Y5, 63% in ECO206Y1/206Y5, 63% in ECO208Y1/208Y5, 63% in ECO227Y1/227Y5/(STA257H1,STA261H1)/(STA257H5,261H5). There will be a limited number of spaces available for which
students can apply after completion of at least 8 full credits (including
prerequisites listed above) and achievement of a CGPA to be determined
annually by the Department of Economics. Students enrolled in this program
cannot
simultaneously be enrolled in any other Economics specialist, joint specialist,
major or minor program in Economics or in the Commerce and Finance program.
NOTE – Some required courses may be offered only on the St.
George or on the UTM campus in any given year. Students registered in this
program at either campus may have to attend lectures on the other campus
in such cases.
First Year:
ECO100Y1/100Y5, MAT132Y5/MAT133Y1/133Y5/134Y5/MAT135Y1/135Y5/MAT137Y1/138Y5
Higher Years:
1. ECO206Y1/206Y5
2. ECO208Y1/208Y5
3. ECO227Y1/227Y5/(STA257H1,STA261H1)/(257H5,258H5/261H5)
4. ECO325H1/325H5, ECO326H1/326H5
5. ECO327Y1*/327Y5*
6. ECO358H1/358H5, ECO359H1/359H5
7. 5 additional 300+ ECO credits or their equivalent, of which at least 1.5
must be chosen from ECO329H1/349H5, ECO460H5, ECO461H1/461H5, ECO462H1, ECO463H5
* MAT222H5/MAT223H1/248Y5
is strongly recommended as preparation for ECO327Y1/327Y5. Students taking one of these MAT courses can have that course count in
lieu of one half or a full 300+ ECO credit required for this program
Economics
and Computer Science (Science program) - See Computer Science
Economics and Geography (Arts program)
Consult Professor A.M. Davis, Undergraduate Coordinator, Department of
Geography.
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
Specialist program:
(15 full courses or their equivalent, including at least one 400-series course)
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1; GGR107Y1/110Y/GGR124Y1
Higher Years:
1. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1, ECO333Y1; GGR220Y1
2. ECO220Y1/ECO227Y1/(STA250H1, STA255H1)/(STA257H1, STA261H1)
3. 2.5 courses from: GGR233Y1, GGR249H1, GGR252H1, GGR254H1, GGR256H1, GGR323H1, GGR324H1, GGR331H1, GGR332H1, GGR333H1, GGR334H1, GGR344H1, GGR357H1, 436H, JGI346H1, other choices from 5. and 6. below
4. Two full courses from: ECO303Y1, ECO309H1, ECO313H1, ECO314H1, ECO321Y1, ECO336Y1, ECO340H1, ECO342Y1, ECO423H1, ECO425H1, ECO435H1
5. One of GGR271H1, GGR273H1, GGR371H1, GGR373H1, GGR462H1, GGR473H1
6. GGR491Y1/two of GGR415H1, GGR431H1, GGR450H1, GGR459H1, GGR499H1, JFG470H1
7. One additional ECO/GGR course if ECO220Y1/ECO227Y1 is chosen, or two if (STA250H1, STA255H1)/(STA257H1, STA261H1)) are chosen
Economics & Mathematics (Science program)
Consult Professor N.A. Derzko, Department of Mathematics, or Undergraduate
Secretary, Department of Economics.
Enrolment in this program is limited to students with 70% in ECO100Y1 and
55% in MAT137Y1 and have a CGPA of 2.3.
Specialist program:
(13 full courses or their equivalent, including at least one 400-series course)
First Year:
ECO100Y1; MAT137Y1/MAT157Y1
Second Year:
ECO206Y1, ECO208Y1, ECO227Y1/(STA257H1, STA261H1); (MAT223H1/MAT240H1, MAT237Y1, MAT246H1)/MAT257Y1
Second or Third Year:
APM236H1; MAT244H1/MAT267H1
Third Year:
MAT315H1/MAT337H1/(MAT327H1,MAT357H1) (MAT357H1 may be taken in Fourth Year)
Third or Fourth Year:
1. APM462H1; ECO325H1/ECO326H1
2. Two 300+series ECO courses
3. One full course from: MAT309H1/MAT315H1/MAT334H1/MAT337H1/MAT344H1/MAT363H1/MAT464H1/any
400-series MAT course/another 300+level STA course, subject to the approval
of the advisors
Economics & Philosophy (Arts program)
Consult the Undergraduate Coordinator, Department of Philosophy.
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0.
Specialist program:
(15 full courses or their equivalent, including at least one 400-series course)
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1
Higher Years:
1. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1, ECO220Y1/ECO227Y1/ (STA250H1,STA255H1)/(STA257H1,STA261H1), ECO429Y1
2. Two additional ECO courses
3. Seven full courses in Philosophy; it is strongly recommended that five be
chosen according to the profile specified in the Philosophy Specialist Program,
with at least two at the 300+ level.
Note:
At least four 300+ series courses must be completed for this program.
Economics & Political
Science (Arts program)
Consult Director of Undergraduate Studies, Department of Political Science.
Enrolment in this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of at least 2.0. Students must also meet the requirements of
the Political Science Department (see the Political Science listings).
Specialist program:
(15 full courses or their equivalent, including at least one 400-series course)
NOTE: The 15 courses must include 8 in ECO, two of which must be 300+ series; and 7 in POL or JPE, including one 300+ series course and one 400-series course. At least one POL course must be in the area of Canadian politics.
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1; POL103Y1/POL105Y1/POL108Y1/POL214Y1
Higher Years:
1. POL200Y1
2. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1, ECO220Y1/ECO227Y1/(STA250H1, STA255H1)/(STA257H1, STA261H1), ECO429Y1
3. ECO301Y/ECO302H1/ECO303Y1/ECO307H1/ECO308H1/ECO309H1/ECO321Y1/ECO342Y1/ECO353Y1/354H/ 355H/ECO423H1/ECO435H1
4. One additional ECO course
5. One full course from any of the following three fields in Political Science (see Departmental Handbook for breakdown of courses into fields): Comparative Politics (Developing)Comparative Politics (Industrial)International Relations
6. One full course equivalent from: POL 409, 418, 435, 442, 447, 458, 463, 474, 475, 476, 477, 488, 489
7. Three additional courses in POL or JPE
Economics & Sociology (Arts program) Consult Undergraduate Secretary, Department of Economics.
Enrolment in
this program is limited to students with 67% in ECO100Y1,
or 80% in ECO105Y1, and have a CGPA of 2.0. Students must have 65% in SOC101Y1, and 70% in each of SOC200H1, SOC202H1, SOC203Y1, and SOC204H1. Students must have completed 8 full courses and be enrolled in the Sociology
Major program.
Specialist program:
(15 full courses or their equivalent, including at least one 400-series course)
First Year:
ECO100Y1/ECO105Y1; MAT133Y1/MAT135Y1/MAT137Y1; SOC101Y1
Higher Years:
1. ECO200Y1/ECO206Y1, ECO202Y1/ECO208Y1, ECO220Y1/ECO227Y1/SOC300H1/(STA250H1, STA255H1)/(STA257H1, STA261H1)
2. SOC200H1, SOC202H1, SOC203Y1, SOC204H1, SOC376H1, SOC377H1, SOC387H1, SOC401Y1
3. Two of the following pairs of courses: ECO321Y1 & SOC220Y1; ECO310Y1 & SOC317Y1; ECO333Y1 & SOC205Y1; ECO339Y1 & SOC207Y1/SOC370Y1; ECO340H1 plus a second ECO half-course & SOC301Y1; ECO425H1 plus a second ECO half-course & SOC312Y1
Note:
At least four 300+ series courses must be completed for this program
Economics & Statistics
(Science program)
Consult Undergraduate Secretary, Department of Economics.
Enrolment in this program is limited to students with 70% in ECO100Y1 and
55% in MAT137Y1 and have a CGPA of 2.3.
Specialist program:
(14 full courses or their equivalent, including at least one 400-series course)
First Year:
CSC148H1/CSC150H1/CSC260H1; ECO100Y1; MAT137Y1/MAT157Y1
Second Year:
ECO206Y1, ECO208Y1; MAT223H1/MAT240H1, MAT237Y1; ECO227Y1/(STA257H1, STA261H1)
Third Year:
1. ECO325H1, ECO326H1, ECO327Y1; STA347H1
2. One 300+ series ECO course
3. STA352Y1
Fourth Year:
1. ECO416H1/ECO418H1
2. A 300+ series ECO half-course
3. STA437H1, STA457H1; one STA half-course from STA 348H/STA414H1/STA422H1/STA442H1
4. One additional half-course from ACT 335H/MAT244H1/MAT267H1/a 300+ series ECO or STA half-course
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