The University of Manitoba campuses are located on original lands of Anishinaabeg, Ininew, Anisininew, Dakota and Dene peoples, and on the National Homeland of the Red River Métis. More
University of Manitoba
Winnipeg, Manitoba Canada, R3T 2N2
Economics studies the choices that individuals, governments and corporations make using limited resources and under uncertainty. Our students gain analytical skills and a historical perspective as we analyze complex topics including employment, health, environment, commodity prices, economic growth and more.
Our strength lies in our range, diversity and strong commitment to an open and inclusive intellectual environment. We offer a full range of modern programs from a variety of critical perspectives at both the undergraduate and graduate levels.
Undergraduate students in Economics may be eligible for awards including:
Undergraduate students in Economics can apply for awards such as the:
Visit the Awards database to find details on each award.
Graduate students in Economics may be eligible for awards such as:
Check the Graduate Awards database to find details.
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.
Undergraduate students have the opportunity to work with our leading faculty researchers and gain valuable experience.
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.
Friday, March 28, 2025
2:30 p.m. - 4:00 p.m.
307 Tier building
In a dynamic general equilibrium framework, this paper investigates the Ramsey-optimal fiscal and environmental policy in an economy with two differentiated final goods sectors—brown (pollutive) and green (zero emissions). The analysis provides new insights into the interaction between distortionary taxes and carbon tax in both the short-run and long-run. Under assumptions of a homogeneous composite good and preferences that are both separable in consumption and leisure and homogeneous in consumption, the Ramsey-optimal carbon tax aligns with the Pigouvian tax, fully internalizing the social cost of carbon (SCC). However, relaxing any of these assumptions leads to significantly different outcomes. Our findings highlight two key points: first, in our model, the gap between the Pigouvian and Ramsey-optimal carbon tax is driven not by climate utility damages but by the substitutability of differentiated final goods. Second, we show that the Ramsey-optimal carbon tax can be either higher or lower than the SCC in economies with differentiated final goods, depending on consumer preferences over these goods. This result contrasts with prior literature, which generally suggests that in the absence of climate-related utility damages, the optimal carbon tax equals the SCC, while the presence of distortionary taxes causes the carbon tax to fall below the SCC when climaterelated damages are present period.
Monday, March 31, 2025
2:30 p.m. - 3:30 p.m.
409 Tier building
This talk is free and open to the public.
501 Fletcher Argue Building
204-474-9207
economics@umanitoba.ca
Department of Economics
Room 501 Fletcher Argue Building
15 Chancellors Circle
University of Manitoba (Fort Garry campus)
Winnipeg, MB R3T 5V5 Canada
