Lawrence's sessions: every Tuesday from 5:10-7:00 PM @ ES1050
Lawrence's office hours: every Friday from 1:15-2:45 PM @ GE31 + Zoom (Hybrid)
Please contact me at lawrence.hsu@mail.utoronto.ca for inquiries or typos
Week 0: No Class [Slides] {9/8}
Note: This session was not originally planned, but I will be there anyway. Since I don't want you to leave empty-handed, I will spend 15 minutes (510─5:25 PM) on "what to expect for the course" and will be open to any questions (5:25─6:00 PM).
Week 1: Introduction, Math Review, and Equilibrium Basics {9/15} [Slides] [1-Pager]
Additional: Linear Prediction & log-log Elasticity Estimation
Story of the Week: Frekonomics and Structural Econometrics (2024)
Famous Economists: Alfred Marshall, Daniel McFadden, Steven Levitt
Data Interpretation: The Demand for Tokens [Data]
Week 2: Surplus Calculation and Welfare Economics {9/22} [Slides] [1-Pager]
Additional: Marginal Cost of Public Funds & Cost-Benefit Analysis
Story of the Week: Canadian Pharmaceutical Unpreparedness (2025)
Famous Economists (and More): Jules Dupuit, Bev Dahlby, Arnold Harberger
Know Your Professor: Michael Smart
Data Interpretation: Ontario Drug Price Caps [Data]
Week 3: Trade Theory with Tariffs and Quotas {9/29} [Slides]
Additional: Heckscher-Ohlin + Stolper-Samuelson Theorem & Factor Equalisation
Story of the Week: The U.S. Tariff War and Canadian Reactions (2025) (2026)
Famous Economists: Paul Samuelson, Eli Heckscher, Bertil Ohlin, Wolfgang Stolper
Know Your Professor: Joseph Steinberg
Data Interpretation: Tariff on Canned Corn in Ontario [Data]
Week 4: Subjective Utility vs. Objective Budget {10/6} [Slides] [1-Pager]
Additional: Satiation Point, Risk Aversions (RRA & ARA), St. Petersburg Paradox
Stories of the Week: (1) The "Buy Canadian" Boycott (2) The GST/HST Holiday (2025)
Famous Economists (and More): Daniel Bernoulli, Kenneth Arrow, John Pratt
Know Your Professor: Yoram Havely
Data Interpretation: The University Meal Plan Options [Data]
Week 5: Deriving the Consumer Equilibrium {10/13} [Slides] (Handouts) (Recordings) {vK07ny%t}
Additional: Lagrangian and Hamiltonian & Kuhn-Tucker Conditions
Additional: Investment Theory & Ridge, LASSO, and Elastic Net
Story of the Week: Greenspring Surgery Center Equipment Sharing (2019)
Famous Economists (and More): Joseph-Louis Lagrange, Harold Kuhn, Albert Tucker
Know Your Professor: Marcin Pęski
Data Interpretation: Entertainment Budget Shares [Data]
Week 6: Income and Substitution Effects {10/20} [Slides]
Additional: The Slutsky Equation & Hicks vs. Slutsky Comparison
Special Topic of the Week: Nobel Prize to Hall & Woodford (2026)
Famous Economists: Sir John Hicks, Evgeny Slutsky, Robert Hall, Michael Woodford
Know Your Professor: Fatih Guvenen
Know Your Professor: Burhanettin Kuruscu
Data Interpretation: Gas Price Spike and a TTC Fare Change [Data]
Fall Reading Week: No Class on 10/27
Week 7: Market Concepts and Deriving the Demand Function [Slides]
Additional: TBD
Story of the Week: TBD
Know Your Professor: Kory Kroft
Know Your Professor: Eva Vivalt
Data Interpretation: Modern AI on GPU-Hours and Engineer Hours [Data]
Week 8: Term Test 1 Review {11/10} [Slides]
Week 9: Term Test 1 {11/17} (7:00-9:00 PM, Location TBD)
Range: Chapters 1, 2, 3, 4, 5
** Winter Break **
Week 13: Term Test 2 Review {1/12} [Old Slides]
Week 14: Term Test 2 {1/19} (5:00-7:00 PM, Location TBD)
Range: TBD [Previous Cohort: Chapters 6, 7, 8, 9, 10]
Week 17: Game Theory Essentials [Slides] [1-Pager] [Old Handouts] [Old Recordings]
Additional: Decision Theory and Subgame-Perfect Nash Equilibrium
Story of the Week: TBD
Know Your Professor: Anne-Katrin Roesler
Data Interpretation: Penalty Kick Responses [Data]
Winter Reading Week: No Class on 2/16
Week 18: Imperfect Markets [Slides]
Additional: TBD
Story of the Week: TBD
Know Your Professor: TBA
Data Interpretation: Bubble Tea Competition on Wellesley [Data]
Week 19: Term Test 3 Review {3/2} [Old Slides]
Week 20: Term Test 3 {3/9} (5:00-7:00 PM, Location TBD)
Range: TBD [Previous Cohort: Chapters 9, 10, 11, 12]
Extra: Information Economics [Slides] [Recording]
Additional: IR-Binding and IC-Binding
Story of the Week: TBD
Week 24: Final Exam Review {4/6} [Old Slides]
Confirmed: Kahoot! this week!
Extra Information: ECO300+ and ECO400+, Relating ECO200 Materials [Slides]
Ending Remarks: Lawrence's Final Remarks for Second-Year Students [Slides]
Final Exam (Date {4/14-4/29 TBD} & Time TBD, Location TBD)
Range: TBD [Previous Cohorts: (1) Chapters 6, 7, 8, 9, 10, 11, 12, 13, 15, 17 or (2) Chapters 10, 11, 12, 13, 15, 17]
Backup Week: Consumer Behaviour and Revealed Preferences
Famous Economists: Arthur Attema, Richard Cookson, Peter Neumann
Famous Economists: Anirban Basu, Charles Phelps, Darius Lakdawalla
Story of the Week: Can We Linearly Value the Health-related Quality of Life (2024)
Data Interpretation: Willingness to Pay for Healthy Life in the Literature [Data]