Course Descriptions

The Vancouver School of Economics offers a wide range of courses at the undergraduate and graduate levels.

To see the descriptions of all the sections of ECON 490, click here.

Undergraduate Courses

Winter 2017

ECON101 Principles of Microeconomics Sections

Elements of theory and of Canadian policy and institutions concerning the economics of markets and market behaviour, prices and costs, exchange and trade, competition and monopoly, distribution of income.

ECON102 Principles of Macroeconomics Sections

Elements of theory and of Canadian policy and institutions concerning the economics of growth and business cycles, national income accounting, interest and exchange rates, money and banking, the balance of trade.

Instructor(s): Khan, Anichul Shrestha, Ratna KONG, WAI-CHING ALFRED Gateman, Robert Fu, Cheryl Roberts, Cheryl ZRILL, LANNY REUBEN Siu, Henry

ECON210 Microeconomic Policy Sections

A survey of policy issues, such as regulation, taxation, environmental and resource policy, health care, education and income distribution. May not be taken for credit by students with fourth-year standing.

Instructor(s): Gateman, Robert

ECON211 Macroeconomic Policy Sections

A survey of policy issues, such as the costs of inflation and unemployment, monetary and fiscal policy, the effects of government debt and exchange rate policy. May not be taken for credit by students with fourth-year standing.

Instructor(s): Gateman, Robert

ECON221 Introduction to Strategic Thinking Sections

An introduction to how people interact in strategic situations drawn from political science, history, psychology, law, biology, military history, economics, business, and anthropology. The focus will be on developing intuition. May not be taken for credit by students with fourth-year standing. Credit will be granted for only one of ECON 221 or ISCI 344.

Instructor(s): GRAVES, JONATHAN LEWIS Li, Hao Vaney, Michael

ECON226 Making Sense of Economic Data Sections

Formulation of a testable hypothesis, identification of relevant data, use of appropriate statistical tools. May not be taken for credit by students with fourth-year standing in ECON or COMM. Not available for credit to students already having credit for either of ECON 325 or ECON 326 (or equivalent).

Instructor(s): GRAVES, JONATHAN LEWIS

ECON234 Wealth and Poverty of Nations Sections

Historical approaches to long-run economic growth; international comparisons of income growth and inequality; colonialism; evolution of world capital markets; human migrations; rise of world trading empires; instability in the international economy. Credit will be granted for only one of ECON 234 or former ECON 334 (6). May not be taken for credit by students with fourth-year standing.

ECON255 Understanding Globalization Sections

Social and economic implications for both rich and poor countries of lowered barriers to the international flows of information, capital, labour and goods. May not be taken for credit by students with fourth-year standing.

ECON301 Intermediate Microeconomic Analysis I Sections

Consumer behaviour, producer theory, exchange, monopoly, oligopoly, externalities, public goods, general equilibrium and welfare economics. Credit will be granted for only one of ECON 201, ECON 204, ECON 301, ECON 304, COMM 295 or FRE 295.

ECON302 Intermediate Macroeconomic Analysis I Sections

Income and employment theory, monetary theory, the open economy, economic fluctuations and growth. Credit will be granted for only one of ECON 302 or ECON 305.

Instructor(s): KEI, WENDY WAI YEE Hnatkovska, Viktoria

ECON303 Intermediate Microeconomics II Sections

Risk and uncertainty, some concepts in game theory, adverse selection, moral hazard, bargaining, auctions. Credit will be granted for only one of ECON 303 or ECON 306.

Instructor(s): Li, Wei

ECON304 Honours Intermediate Microeconomic Analysis I Sections

Consumer behaviour, producer theory, exchange, monopoly, oligopoly, externalities, public goods, general equilibrium and welfare economics. Credit will be granted for only one of ECON 204, ECON 301, ECON 304, COMM 295 or FRE 295.

Instructor(s): Li, Wei

ECON305 Honours Intermediate Macroeconomic Analysis I Sections

Income and employment theory, monetary theory, the open economy, economic fluctuations and growth. Credit will be granted for only one of ECON 302 or ECON 305.

Instructor(s): Siu, Henry Beaudry, Paul

ECON306 Honours Intermediate Microeconomics II Sections

Risk and uncertainty, some concepts in game theory, adverse selection, moral hazard, bargaining, auctions. Credit will be granted for only one of ECON 303 or ECON 306.

Instructor(s): Peters, Michael

ECON307 Honours Intermediate Macroeconomics II Sections

Theories of economic growth and the business cycle. Intended primarily for prospective honours and other qualified students.

Instructor(s): Perla, Jesse

ECON308 Intermediate Microeconomic Analysis Sections

Mathematical and graphical models of individual, household, and firm behavior with applications to issues in international economics. Registration restricted to students in the Bachelor of International Economics Program. Credit will be granted for only one of ECON 301, ECON 304 or ECON 308.

Instructor(s): Chapple, Clive HWANG, IL MYOUNG

ECON309 Intermediate Open Economy Macroeconomics Sections

The aggregate economy with emphasis on macroeconomic policy and international economic growth, money and inflation, unemployment, business cycles, and macroeconomic stabilization policy under fixed and flexible exchange rates. Registration restricted to students in the Bachelor of International Economics Program. Credit will be granted for only one of ECON 302, ECON 305 or ECON 309.

ECON310 Principles of Microeconomics Sections

The scope of this course is approximately the same as that of ECON101. The course is intended for upper-level students only. Credit will be granted for only one of ECON 310 or ECON 101.

Instructor(s): Shrestha, Ratna

ECON311 Principles of Macroeconomics Sections

The scope of this course is approximately the same as that of ECON 102. The course is intended for upper-level students only. Credit will be granted for only one of ECON 311 or ECON 102.

Instructor(s): Shrestha, Ratna

ECON317 Poverty and Inequality Sections

Economic inequality in Canada and other countries; measurement and causes. Inequality in the distribution of wealth; redistribution of income and wealth; notions of distributive justice.

Instructor(s): Green, David

ECON318 History and Philosophy of Economics from Aristotle to Adam Smith Sections

The development of economic thought from Aristotle to Adam Smith, focusing on the conceptual foundations of economics, particularly the problems of value, distribution, and economic growth.

Instructor(s): Schabas, Margaret

ECON319 History and Philosophy of Economics from Ricardo to Keynes Sections

The development of economic thought from David Ricardo up to the present including such figures as Malthus, Mill, Jevons, and Keynes, focusing on the conceptual foundations of economics, particularly the problems of value, distribution and growth.

Instructor(s): Schabas, Margaret

ECON325 Introduction to Empirical Economics Sections

Essentials of probability and statistics for applied work in economics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and analysis of variance. Please consult the Faculty of Science Credit Exclusion List: http://www.calendar.ubc.ca/vancouver/index.cfm?tree=12,215,410,414

ECON326 Methods of Empirical Research in Economics Sections

Techniques of empirical economic research. Topics include simple and multiple regression, time series analysis, and simultaneous equation estimation. Students will be required to undertake applied work. Please consult the Faculty of Science Credit Exclusion List: http://www.calendar.ubc.ca/vancouver/index.cfm?tree=12,215,410,414.

ECON327 Introduction to Empirical Methods Sections

Basic tools for the statistical analysis of economic data. Registration restricted to students in the Bachelor of International Economics Program. Credit will be granted for only one of ECON 325, ECON 327,or STAT 200.

Instructor(s): KASAHARA, HIROYUKI

ECON328 Methods of Empirical Research Sections

Empirical tools used in applied research, with emphasis on the linear regression model. Registration restricted to students in the Bachelor of International Economics program. Credit will be granted for only one of ECON 326, ECON 328, or STAT 306.

Instructor(s): Hoffmann, Florian

ECON334 Economic History of Modern Europe Sections

Background, causes and effects of economic change in Europe from the 18th century to recent times. Evolution of social and economic institutions; analysis of growth, structural change, the distribution of income, and the spread of industrialization.

Instructor(s): González Agudo, David

ECON335 Fertility, Families and Human Migration Sections

Traditional fertility and mortality patterns, demographic transition, catastrophes, well-being and nutrition, international and internal migration, epidemics and growth spurts.

Instructor(s): González Agudo, David

ECON336 Economic History of Canada Sections

The growth of the Canadian economy in relation to development of natural resources, changing markets, industrialism, communications, and technology.

Instructor(s): Douglas, Catherine

ECON339 Economics of Technological Change Sections

Application of economic analysis to technological change; the impact of technological change on the growth and distribution of income; economic influences on the invention and diffusion of technology; the interaction between technology, work, skills, and education; public policy toward technological change.

Instructor(s): Douglas, Catherine

ECON345 Money and Banking Sections

Financial markets and financial institutions in theory and practice; structure and development of the Canadian financial system; development and theory of the regulation of the financial system; process of monetary control; theory and history of central banking and monetary policy.

ECON350 Public Finance Policy Topics Sections

Examination of two or three selected policy problems from areas of taxation, income security, and public expenditures. Topics to be selected each year from areas of current or recent policy debate. Examples include public pension policy, privatization and public services, income tax or sales tax reform, federal-provincial cost sharing programs, tax incentives versus direct expenditures, welfare reform.

Instructor(s): KONG, WAI-CHING ALFRED

ECON351 Women in the Economy Sections

Economic analysis of markets and policies particularly affecting women. Selected topics drawn from economic discrimination; educational, occupational, and work choices; pay and employment equity; allocation of work time and consumption within the household and in the market; economics of marriage and fertility; poverty; taxation; income security and pension policies; and historical perspectives.

Instructor(s): Adshade, Marina

ECON355 Introduction to International Trade Sections

The determinants of trade patterns, trade policy, tariff and non-tariff barriers to trade, political economy of protectionism, bilateral and multilateral trade disputes, trade liberalization, trade and development. Credit may be obtained for only one of ECON 355 and 455.

ECON356 Introduction to International Finance Sections

Exchange rate policy regimes; international financial organizations; the interaction between monetary policy and exchange rate regimes; financial crises.

Instructor(s): KEI, WENDY WAI YEE Newman, Geoffrey Szkup, Michal

ECON365 Topics in Canadian Industrial Organization and Regulation Policy Sections

Current topics in industrial organization and regulation with emphasis on Canadian federal and provincial policy. The content will differ from year to year. Possible subjects include the regulation of transportation and communications, environmental regulation, marketing boards and other forms of agricultural regulation, competition and anti-combines policy, industrial organization and trade policy, and issues in consumer protection.

Instructor(s): Vaney, Michael

ECON367 Economic Analysis of Law Sections

The economics of market failure, equity and efficiency. Property rights, the economics of accident and contract law, economic theories of law enforcement.

Instructor(s): Gateman, Robert

ECON370 Benefit-Cost Analysis and the Economics of Project Evaluation Sections

Techniques and problems in benefit-cost analysis of public projects. Examination of alternative approaches to public decision-making such as cost-effectiveness analysis and multiple-objective frameworks. Case studies of projects in the areas of natural resources, the environment, human resources, public services, and transportation.

Instructor(s): Chapple, Clive

ECON371 Economics of the Environment Sections

Economic analysis applied to various environmental issues, including sustainable development, quality of life, and environmental impacts of specific industrial and consumption activities. The design and implementation of government policies. Global environmental effects of human economic activity.

Instructor(s): Vaney, Michael

ECON374 Land Economics Sections

Economic analysis applied to problems of land use. Rent theory. Land valuation. Land conservation. Techniques for assessing economic efficiency of land use. Effects of institutions and public policies on land use.

Instructor(s): GULATI, SUMEET

ECON390 Introduction to Economic Research Sections

Selected topics in economic research. Application of research methods to economic data. Credit will be granted for only one of ECON 390, ECON 490, ECON 495, or ECON 499.

Instructor(s): Neary, Hugh M

ECON406 Topics in Microeconomics Sections

Selected topics in advanced microeconomic analysis.

Instructor(s): GRAVES, JONATHAN LEWIS

ECON407 Topics in Macroeconomics Sections

Selected topics in advanced macroeconomic analysis.

Instructor(s): Perla, Jesse

ECON420 Optimization and Economic Theory Sections

An introduction to static and dynamic optimization methods with economic applications.

Instructor(s): Li, Hao

ECON421 Introduction to Game Theory and Applications. Sections

Principles of rational behaviour in strategic situations and various notions of equilibrium useful in predicting outcomes. Applications from economics, business, politics, law and biology.

Instructor(s): Farinha Luz, Vitor

ECON425 Introduction to Econometrics Sections

Theoretical and applied issues in statistics and econometrics. Statistical distributions, sampling theory, maximum likelihood methods of estimation and hypothesis testing, generalized least squares, measurement errors, non-normal errors, systems of equations, discrete-choice models, outliers, regression diagnostics, and model selection.

Instructor(s): SONG, KYUNGCHUL

ECON441 The Process of Economic Development Sections

Industrialization of an agrarian economy; how the West grew rich; history of Japanese development; technical progress and growth; evolution of the patterns of income distribution; role of international trade in development; environment and development.

Instructor(s): Francois, Patrick

ECON447 Monetary Theory Sections

Theoretical analysis of economies that use money; the emergence of money; the roles of money in the economy; models of money demand; the optimal quantity of money seignorage and inflation; monetary policy and macroeconomic stability; monetary policy in an open economy.

Instructor(s): Newman, Geoffrey

ECON451 Economics of Public Expenditures Sections

The role of government in the economy; efficiency and economic justice. Theory of public goods; applications to topics such as education, medical care and social services. Pricing and investment rules for public enterprises.

Instructor(s): KONG, WAI-CHING ALFRED

ECON455 International Trade Sections

International trade theory and policy in general equilibrium; relative costs, factor proportions, imperfect competition and the pattern of trade; efficiency and distribution. Credit granted for only one of ECON355 and ECON455.

ECON456 International Macroeconomics and Finance Sections

Balance of payments; market for foreign exchange; mechanism for adjusting the balance of payments; internal vs. external stability; current problems and issues.

ECON457 Seminar in International Economic Relations Sections

Selected topics focusing upon various issues arising in international economic relations. Open only to fourth-year students in the Major program in International Relations.

Instructor(s): Malhotra, Nisha

ECON465 Market Structure Sections

Market structure and social welfare, theory of price discrimination, equilibrium in oligopolistic markets, entry and exit decisions, product differentiation and spatial models, theories of hierarchical organization, agency problem in the modern corporation, vertical integration and control, market structure and technical progress.

Instructor(s): HWANG, IL MYOUNG

ECON466 The Economics of Government Regulation of Business Sections

Normative and positive theories of government regulation of business. Topics include natural monopoly, socially optimal monopoly pricing, regulation of multi-firm industries, competition policy. Selected empirical studies.

Instructor(s): Vaney, Michael

ECON472 Economics of Renewable Resources Sections

Application of economic analysis to the management of renewable resources. Special attention is given to criteria for the optimal use of depleting resources such as forests and water. Other topics include public policy with regard to environmental quality, conservation, and outdoor recreation.

ECON482 The Economic Consequences of Religion Sections

Analysis of the economic aspects of religious behaviour, the structure of religious organizations, the effects of competition in the religious marketplace, the economic benefits of religion, and some of the ill-effects of religion (such as religious strife and terrorism).

Instructor(s): Eswaran, Mukesh

ECON485 Political Economy Sections

State and politics in economics. How states emerge, how dictators stay in power. Why groups engage in costly conflict, how countries turn into democracies and what its benefits are.

Instructor(s): Rogall, Thorsten

ECON490 Seminar in Applied Economics Sections

Selected problems and issues in the theory and practice of Economics. Each section will focus on a different field. Restricted to Economics Majors, and Combined Majors in Economics their final academic session.

Instructor(s): Malhotra, Nisha KONG, WAI-CHING ALFRED GRAVES, JONATHAN LEWIS Vaney, Michael ZRILL, LANNY REUBEN Douglas, Catherine Whistler, Diana Adshade, Marina Squires, Munir

ECON492A Directed Reading - DIRECTED READING Sections

ECON492D Directed Reading - DIRECTED READING Sections

Instructor(s): Douglas, Catherine

ECON492F Directed Reading - DIRECTED READING Sections

ECON493 Advanced Empirical Methods for International Economics Sections

Econometric methodologies necessary to conduct applied research, including time series analysis and panel data methods; review of empirical work in international economics. Registration restricted to students in the Bachelor of International Economics Program.

Instructor(s): Squires, Munir

ECON494 Seminar in Applied International Economics Sections

Focus on a particular aspect of applied international economics. Independent empirical research project required. Registration restricted to students in the Bachelor of International Economics Program.

Instructor(s): Szkup, Michal ANDERSON, KRISTIN SIWAN ALVIAREZ, VANESSA FISHER, ADLAI

ECON495 Honours Seminar Sections

Reports and group discussions of selected topics for fourth-year Honours students.

Instructor(s): REHAVI, MICHAL

ECON499 Honours Essay Sections

Essay on some theoretical, applied, or institutional problem. Open only to fourth-year Honours students.

Instructor(s): REHAVI, MICHAL