Program Requirements
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.
Continuation in the Honours program from one year to the next requires a minimum grade of B- in ECON 250 and a minimum B- average in required and complementary Honours economics courses. Students failing to meet these requirements must switch out of the Honours program. If they continue to register in Honours, they will not be allowed to graduate with Honours. Note that graduation with Honours has more stringent requirements (see below) than these.
To be awarded an Honours degree, a student must obtain a 3.00 GPA in the required/core courses, a 3.00 average in the required and complementary credits in Economics, and a CGPA of 3.00. For a First Class Honours degree, the minimum requirements are a 3.50 program GPA in the required courses, a 3.50 average in the required and complementary credits in Economics, and a CGPA of 3.50. Students also have to meet the requirements of the Faculty of Arts for Honours and First Class Honours. In cases where a student takes a Supplemental Exam in a course, both the original and the Supplemental Exam grades will be counted in the calculation of the GPA and CGPA averages.
All Honours students are required to see an Honours advisor and also consult the Honours and Joint Honours programs available on the Department's website: . For the current list of advisers in Economics and their advising times, see the Department of Economics' website.
Program Prerequisites (0-10 credits)
For entering this program:
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MATH 133 Linear Algebra and Geometry (3 credits) *
Overview
Mathematics & Statistics (Sci) : Systems of linear equations, matrices, inverses, determinants; geometric vectors in three dimensions, dot product, cross product, lines and planes; introduction to vector spaces, linear dependence and independence, bases. Linear transformations. Eigenvalues and diagonalization.
Terms: Fall 2024, Winter 2025, Summer 2025
Instructors: Macdonald, Jeremy; Ayala, Miguel; Branchereau, Romain; Giard, Antoine (Fall) Pinet, Th茅o (Winter)
3 hours lecture, 1 hour tutorial
Prerequisite: a course in functions
Restriction(s): 1) Not open to students who have taken CEGEP objective 00UQ or equivalent. 2) Not open to students who have taken or are taking MATH 123, except by permission of the Department of Mathematics and Statistics.
-
MATH 140 Calculus 1 (3 credits) **
Overview
Mathematics & Statistics (Sci) : Review of functions and graphs. Limits, continuity, derivative. Differentiation of elementary functions. Antidifferentiation. Applications.
Terms: Fall 2024, Winter 2025, Summer 2025
Instructors: Sabok, Marcin; Trudeau, Sidney; Kalmykov, Artem (Fall) Huang, Peiyuan; Trudeau, Sidney (Winter)
3 hours lecture, 1 hour tutorial
Prerequisite: High School Calculus
Restriction(s): 1) Not open to students who have taken MATH139 or MATH 150 or CEGEP objective 00UN or equivalent. 2) Not open to students who have taken or are taking MATH 122, except by permission of the Department of Mathematics and Statistics.
Each Tutorial section is enrolment limited
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MATH 141 Calculus 2 (4 credits) **
Overview
Mathematics & Statistics (Sci) : The definite integral. Techniques of integration. Applications. Introduction to sequences and series.
Terms: Fall 2024, Winter 2025, Summer 2025
Instructors: Hassan, Hazem; Trudeau, Sidney; Zlotchevski, Andrei (Fall) Trudeau, Sidney; Poulin, Antoine; Syroka, Bartosz (Winter)
Restriction(s): Not open to students who have taken CEGEP objective 00UP or equivalent.
Restriction(s): Not open to students who have taken or are taking MATH 122,except by permission of the Department of Mathematics and Statistics.
Each Tutorial section is enrolment limited
* Or equivalent (to be completed prior to U2)
** Or equivalent
Required (core) Courses (30 credits)
Please refer to the Department's document "Rules on Stats Courses for Economics Students" available at: . Students who have taken equivalent statistics course may be waived 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 353 and ECON 354 are taken in U2, and ECON 450 and ECON 452 are taken in U3. ECON 257D1/ECON 257D2 can be taken in U1 or U2; and ECON 468 can be taken in U2 or U3.
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ECON 250D1 Introduction to Economic Theory: Honours (3 credits)
Overview
Economics (Arts) : An intermediate level microeconomics course. Includes theory of exchange, theory of consumer behaviour, theory of production and cost curves, theory of the firm, theory of distribution; general equilibrium and welfare economics. The assumptions underlying the traditional neo-classical approach to economic theory will be carefully specified.
Terms: Fall 2024
Instructors: Xue, Licun (Fall)
Students must register for both ECON 250D1 and ECON 250D2.
No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms
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ECON 250D2 Introduction to Economic Theory: Honours (3 credits)
Overview
Economics (Arts) : See ECON 250D1 for course description.
Terms: Winter 2025
Instructors: Dutta, Rohan (Winter)
Prerequisite: ECON 250D1
No credit will be given for this course unless both ECON 250D1 and ECON 250D2 are successfully completed in consecutive terms
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ECON 257D1 Economic Statistics - Honours (3 credits)
Overview
Economics (Arts) : Stochastic phenomena; probability and frequency distributions, introduction to probability theory. Statistical inference about proportions, means and variances; analysis of variance; nonparametric statistics; index numbers and time series; economic forecasting; regression and correlation analysis; introduction to general linear models, its uses and limitations; uses and misuses of statistics.
Terms: Fall 2024
Instructors: Amodio, Francesco (Fall)
Restriction: Not open to students who have taken 154-357 or are taking ECON 217 or ECON 227.
Students must register for both ECON 257D1 and ECON 257D2.
No credit will be given for this course unless both ECON 257D1 and ECON 257D2 are successfully completed in consecutive terms
You may not be able to receive credit for this course and other statistic courses. Be sure to check the Course Overlap section under Faculty Degree Requirements in the Arts or Science section of the Calendar.
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ECON 257D2 Economic Statistics - Honours (3 credits)
Overview
Economics (Arts) : See ECON 257D1 for course description.
Terms: Winter 2025
Instructors: Dufour, Jean Marie (Winter)
Prerequisite: ECON 257D1
No credit will be given for this course unless both ECON 257D1 and ECON 257D2 are successfully completed in consecutive terms
You may not be able to receive credit for this course and other statistic courses. Be sure to check the Course Overlap section under Faculty Degree Requirements in the Arts or Science section of the Calendar.
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ECON 353 Macroeconomics - Honours 1
(3 credits)
Overview
Economics (Arts) : Basic macroeconomic theory, emphasizing the Classical and Keynesian ideas for the short-run determination of output, employment, interest rates and prices in the economy.
Terms: Fall 2024
Instructors: Alvarez-Cuadrado, Francisco (Fall)
Prerequisites: ECON 250D1/ECON 250D2
Corequisite: ECON 257D1
Restrictions: Not open to students who have taken ECON 352D1/D2.
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ECON 354 Macroeconomics - Honours 2 (3 credits)
Overview
Economics (Arts) : Elements of international economics, money and banking and growth theory. The structure of the Canadian economy.
Terms: Winter 2025
Instructors: Alvarez-Cuadrado, Francisco (Winter)
Prerequisite: ECON 353
Corequisite: ECON 257D2
Not open to students who have taken ECON 352D1/D2.
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ECON 450 Advanced Economic Theory 1 - Honours (3 credits)
Overview
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Winter 2025
Instructors: Castro, Rui (Winter)
Prerequisites: ECON 250D1/ECON 250D2 and ECON 352D1/ECON 352D2
Restriction(s): Not open to students who have taken ECON 450D1 and ECON 450D2.
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ECON 452 Advanced Economic Theory 2 - Honours (3 credits)
Overview
Economics (Arts) : Selected topics in economic theory from recent periodical and monograph literature.
Terms: Fall 2024
Instructors: Benchekroun, Hassan (Fall)
Prerequisites: ECON 250D1/ECON 250D2 and ECON 352D1/ECON 352D2
Restriction(s): Not open to students who have taken ECON 450D1 and ECON 450D2.
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ECON 468 Econometrics 1 - Honours (3 credits)
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
3 credits from:
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ECON 460 History of Thought 1 - Honours (3 credits)
Overview
Economics (Arts) : The evolution of economic thought prior to the close of the 19th century, as reflected in the writings of prominent economists from the time of Adam Smith to the emergence of marginalism and neoclassical economics.
Terms: Winter 2025
Instructors: Strumpf, Erin (Winter)
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ECON 461 History of Thought 2 - Honours (3 credits)
Overview
Economics (Arts) : The evolution of economic thought in the 20th century, as reflected in the writings of prominent economists on equilibrium, dynamics, games, expectations, econometrics, industrial structure, economic policy and other primary areas of 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.
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ECON 469 Econometrics 2 - Honours (3 credits)
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
Complementary Courses (12 credits)
Complementary courses are usually taken in U2 or U3.
12 credits of Economics courses at the 300, 400, or 500 level, approved by an Honours adviser. Unless explicitly approved by the Honours advisor, at least 9 of the 12 credits have to be at the 400 or 500 level. Note that Honours students are not permitted to register for majors or general Economics courses where an Honours or a more advanced undergraduate course in the same subject is offered.