Economics

Economics: Introduction

Faculty Affiliation

Arts and Science

Degree Programs

Economics

MA and PhD

Combined Degree Programs

Overview

The Department of Economics at the University of Toronto is large and highly ranked. The teaching and research interests of its graduate faculty members span a wide range of subjects and cover theory, applied data analysis and econometric methodology.

The department offers both MA and PhD programs in economics. The goal of the graduate programs is to further the student's capacity for economic analysis through rigorous instruction in theory, econometrics and a wide variety of fields. The MA and PhD course and research offerings provide great diversity, breadth and scope; students can readily specialize in almost any area of interest. Additionally, students may take suitable elective courses in statistics, mathematics, computer science and other allied fields. Students benefit from Economics’ close association with faculty members from related programs, such as those at the Rotman School of Management. They also benefit from the University of Toronto’s excellent facilities, including the best university library in Canada.

The department’s programs attract students from across Canada and all parts of the globe. Approximately 65 new MA students and 15 to 20 new PhD students are enrolled each year with total combined enrolment of approximately 150.

MA graduates find employment in their area of interest in the public, private and not-for-profit sectors. They also successfully pursue PhD programs in economics. PhD graduates obtain academic placement and employment in the public and private sectors.

The Department of Economics and the Rotman School of Management also offer a professional Master of Financial Economics (MFE) program.

Contact and Address

MA and PhD:
Web: www.economics.utoronto.ca
Email: www.economics.utoronto.ca/index.php/index/index/contact
Telephone: (416) 978-4544

MA and PhD Graduate Office
Department of Economics, Max Gluskin House
University of Toronto
150 St. George Street
Toronto, Ontario M5S 3G7
Canada

Economics: Graduate Faculty

Full Members

Aguirregabiria, Victor - BA, MSc, PhD

Aivazian, Varouj - BS, MA, PhD

Alexopoulos, Michelle - BSc, MA, PhD

Baker, Michael - BComm, MA, PhD

Bar-Isaac, Heski - BA, MSc, PhD

Baum-Snow, Nathaniel - AB, PhD

Benjamin, Dwayne - BSc, MA, PhD

Bobonis, Gustavo - BA, PhD

Brandt, Loren - BS, MS, PhD

Burda, Martin - BSc, MA, PhD

Carroll, Gabriel - BA, PhD

Celik, Murat - PhD

Damiano, Ettore Vincenzo - AB, MA, MPH, PhD (Chair and Graduate Chair)

Deb, Rahul - MA, MPH, PhD

Duarte, Margarida - MEc, PhD

Dyrda, Sebastian - MA, MA, PhD

Eli, Shari - BA, PhD

Gourieroux, Christian - PhD

Halevy, Yoram - BA, MA, PhD

Hall, Jonathan - BA, PhD

Hamilton, Gillian - MEc, PhD

Heblich, Stephan - PhD

Kambourov, Gueorgui - BA, MA, DPhil

Kroft, Kory - BA, MA, PhD

Kuruscu, Burhan - BSc, MA, PhD

Lacetera, Nicola - PhD

Li, Nicholas - BA, MEc, PhD

Lim, Kevin Shun Wei - MA, MA, PhD

Luo, Yao - BS, MA, PhD

McMillan, Robert - AB, DPhil (Associate Chair, Graduate Studies)

Melino, Angelo - BA, PhD

Mitchell, Matthew - BS, MA, PhD

Mondria, Jordi - BA, MA, PhD

Moorthy, Sridhar - BSc, MBA, MS, PhD

Morrow, Peter - BA, MA, PhD

Mourifie, Ismael - BMath, MSc, PhD

Oreopoulos, Philip - BA, MA, PhD

Ozkan, Serdar - MEc, PhD

Peski, Marcin - BA, MA, MA, PhD

Pitchik, Carolyn - BA, MSc, PhD

Restuccia, Diego - BA, MA, PhD

Roesler, Anne-Katrin - PhD

Shi, Xianwen - PhD

Siow, Aloysius - BA, PhD

Smart, Michael - BA, BA, PhD

Souza Rodrigues, Eduardo Augusto - PhD

Steinberg, Joseph - BA, PhD

Stewart, Colin - BSc, MA, MPH, MSc, PhD

Strange, William - BA, MA, PhD

Trefler, Daniel - BA, MPH, PhD

Tsoy, Anton - PhD

Van Effenterre, Clementine - PhD

Wan, Yuanyuan - BA, MA, PhD

Webb, Ryan - BA, MA, PhD

Wolthoff, Ronald - PhD

Yatchew, Adonis - BA, MA, PhD

Members Emeriti

Dewees, Donald - LLB, BScEE, PhD

Faig, Miquel - MEc, PhD

Gunderson, Morley - BA, MA, PhD

Associate Members

Arteaga Cabrales, Carolina - PhD, PhD

Chen, Yanyou - MA

Hussain, Ajaz - BA, PhD

Koffi, Marlene - MSc

Price, David - BA, MA, PhD

Rempel, Mark - BA, MA, MA, PhD

Stepner, Michael - BA, PhD

Vivalt, Eva - MA, MPH, PhD

Wang, Tianyi - MA, PhD

Zarate Vasquez, Roman Andres - BA, MA, PhD

Economics: Economics MA, PhD Courses

Not all courses are offered every year. Please refer to the department's website for a current course list.

Preliminary Courses

Course Code	Course Title
ECO1010H	Mathematics and Statistics for MA and MFE Students (Credit/No Credit)
ECO2010H	Mathematics and Statistics for PhD Students (Credit/No Credit)

Core Courses in Economic Theory

Course Code	Course Title
ECO1100H	Economic Theory — Macro (for MA students only)
ECO1200H	Economic Theory — Micro (for MA students only)
ECO2100H	Macroeconomic Theory I
ECO2101H	Macroeconomic Theory II (prerequisite: ECO2100H)
ECO2105H	Applied Macroeconomics (corequisites: ECO2100H and ECO2101H)
ECO2200H	Microeconomic Theory I
ECO2201H	Microeconomic Theory II (prerequisite: ECO2200H)
ECO2205H	Applied Microeconomics (corequisites: ECO2200H and ECO2201H)

Advanced Microeconomic Theory

Course Code	Course Title
ECO3200H	Advanced Microeconomic Theory I (prerequisites: ECO2200H and ECO2201H)
ECO3201H	Advanced Microeconomic Theory II
ECO3202H	Topics in Microeconomic Theory
ECO3210H	Economics of Organizations and Contracts

Behavioural and Experimental Economics

Course Code	Course Title
ECO1250H	Topics in Behavioural Economics
ECO3250H	Behavioural Economics

Econometrics

Course Code	Course Title
ECO1400H	Econometrics (for MA students only)
ECO1450H	Methods for Empirical Microeconomics (exclusions: ECO439H, ECO2803H)
ECO2400H	Econometrics I
ECO2401H	Econometrics II (prerequisite: ECO1400H or ECO2400H)
ECO2404H	Empirical Applications of Economic Theory (exclusion: ECO418H)
ECO2405H	Applied Econometrics (corequisites: ECO2400H and ECO2401H)
ECO2411H	Financial Econometrics (exclusion: ECO462H)
ECO2460H	Economic Applications of Machine Learning
ECO3400H	Topics in Econometrics
ECO3401H	Advanced Econometrics
ECO3450H	Advanced Methods for Empirical Microeconomics

Economic Development

Course Code	Course Title
ECO1700H	Economic Development
ECO1730H	Economic Development of China (exclusion: ECO435H)
ECO2701H	Development Economics I

Economic History

Course Code	Course Title
ECO2750H	Topics in North American Economic History

Financial Economics

Course Code	Course Title
ECO1500H	Financial Economics: Asset Pricing (exclusion: ECO419H)
ECO1501H	Financial Economics: Corporate Finance
ECO1502H	Empirical Methods for Financial Economics (exclusion: ECO464H)
ECO1550H	Economics of Financial Risk Management (exclusions: ECO461H, RSM435H)
ECO1551H	Topics in Risk Management

Industrial Organization

Course Code	Course Title
ECO1900H	Industrial Organization and Competition Policy
ECO3900H	Industrial Organization I
ECO3901H	Industrial Organization II

International Economics

Course Code	Course Title
ECO1300H	International Macroeconomics
ECO1301H	International Financial Markets
ECO2302H	Networks in Trade and Macroeconomics
ECO3300H	International Trade Theory
ECO3301H	International Trade II (prerequisite: ECO3300H)
ECO3302H	Topics in International Trade
ECO3304H	International Monetary Theory

Labour Economics

Course Code	Course Title
ECO2802H	Economics Inside Organizations
ECO2804H	Social Economics
ECO3800H	Labour Economics I
ECO3801H	Labour Economics II

Macroeconomics

Course Code	Course Title
ECO1102H	Macroeconometric Models for Policy Analysis and Forecasting (exclusion: ECO416H)
ECO2104H	Quantitative Macroeconomics
ECO2107H	Monetary Theory
ECO2120H	Topics in Growth and Development
ECO3100H	Frontiers in Macroeconomics (prerequisites: ECO2100H and ECO2201H)
ECO3101H	Topics in Macroeconomic Theory
ECO3102H	Topics in Business Cycles (exclusion: ECO438H)

Public Economics

Course Code	Course Title
ECO2600H	Public Economics I
ECO2601H	Public Economics II
ECO2607H	Economics of Education Policy
ECO2610H	Health Economics
ECO2620H	Topics in Health Economics

Other Courses

Course Code	Course Title
ECO1320H	International Trade Regulation (exclusions: ECO459H and LAW285H/LAW2038H)
ECO1950H	Economic Analysis of Law
ECO1960H	Energy and Regulation (exclusion: ECO414H)
ECO2650H	Political Economy (exclusion: ECO434H)
ECO2850H	Urban and Regional Economics
ECO4050H	Special Field Reading Course^#
ECO4051H	Special Field Reading Course#
ECO4060Y⁰	Graduate Research Seminar (Credit/No Credit)

^# The department is normally prepared to supervise reading courses in a variety of fields. Reading courses are available only to students who have the requisite preparation and only at the discretion of faculty members.

⁰ Course that may continue over a program. The course is graded when completed.