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Programs of study

Student resources and opportunities

Financial aid and awards

  • Undergraduate students in Economics may be eligible for awards including:

    • A.J. Averbach Memorial Prize
    • Louis Lercher Memorial Scholarship

    Undergraduate students in Economics can apply for awards such as the:

    • Ruben Bellan Bursary
    • Ruben Simkin Memorial Prize (essay competition)

    Visit the Awards database to find details on each award.

  • Graduate students in Economics may be eligible for awards such as:

    • Clarence Barber Memorial Award

    Check the Graduate Awards database to find details.

University of Manitoba Economics Society (UMES)

The UMES provides students with a common interest in economics the opportunity to engage and participate in the growth and development of the community through talks and student representation.

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Undergraduate research awards (URA)

Undergraduate students have the opportunity to work with our leading faculty researchers and gain valuable experience.

Learn more and apply for a UM URA

Events

Each year the Department of Economics hosts a variety of lectures and other events. These include seminars, panel discussions, invited lectures, brownbag lunch talks and honours and graduate student conferences. The Economics Seminar Series supports the interaction of ideas and intellectual discussion of economics from a variety of perspectives. It has been running for over 50 years and is the oldest in the Faculty of Arts.

  • Economics & Econometrics Seminar Series presents

    Patterns of Substitution in Discrete Choice

    Dr. Sean Horan, University of Montreal

    Friday, February 9, 2024
    2:30 p.m. - 4:00 p.m.
    307 Tier Building

    We use the "discard model" of Luce (1960) and Marley (1965) to study the effect of adding (or removing) one product on the probability of choosing the remaining products. Since the discard model does not require the Regularity axiom, it accommodates a rich variety of substitution patterns (including complementarity, attraction, choice overload, and compromise) that are directly ruled out by other models of discrete choice.

    We first provide an axiomatic characterization to identify the model’s testable implications. We then provide a "qualitative" characterization model àla Samuelson (1947), identifying the kinds of directional changes in choice probabilities that can invariably be explained by the model and, conversely, the directional changes can never be explained by the model. Next, we show that behaviour consistent with the model exhibits many of the same features as the Slutsky matrix from classical demand theory. Finally, we establish microfoundations, showing that the "perturbed utility model" (McFadden and Fosgerau, 2012; Fudenberg, Iijima, and Strzaleckidelivers, 2015; Allen and Rehbeck, 2019) delivers discrete choice behaviour that is consistent with the model.

    Authors: Dr. A. Adam, Princeton University and Dr. Sean Horan, University of Montreal

  • Headshot of Sean Horan.

Economics resources

Contact us

Department of Economics
Room 501 Fletcher Argue Building
15 Chancellors Circle
University of Manitoba (Fort Garry campus)
Winnipeg, MB R3T 5V5 Canada

204-474-9207
General Office Hours: Monday-Friday from 8:30am-4:30pm