This course is designed to introduce the basic concepts of macroeconomics. These include, among others: growth, inflation, unemployment, interest rates and aggregate supply and demand. These issues will be analyzed in this course both through basic macroeconomic models and through illustrative examples from the experience of the Canadian economy.
Public economics: the role of government
This course explores the economic role of government from a normative perspective. Major topics include: Pareto efficiency; welfare economics; the First and Second Theorems of Welfare Economics; public goods; externalities; and inequality.
Theory of international trade
This course explores the modern theory of international trade. Major topics include: traditional comparative advantage; welfare gains from trade; new trade theories; firms in international trade; trade and inequality.