Economics
ECON 111 and a junior course in calculus are the prerequisites for all 300- and 400-level Economics courses. MATH 110 is recommended for the junior course in calculus, although MATH 101 is acceptable.
The requirement of ECON 305 for the honours program can be met by a course in linear algebra e.g., MATH 264 or 266. The requirement of ECON 306 can be met by a course in the calculus of multiple variables e.g., MATH 225. Other mathematics classes may satisfy the equivalency criteria; students should consult with the Head of the Department.
Students who satisfy the ECON 305 and 306 equivalency in mathematics may not subsequently take ECON 305 and 306 for credit. However, students who already have credit for ECON 305 and 306 shall not be precluded from taking the mathematics equivalency classes for elective credit and they shall not lose credit for ECON 305 and 306. The 6 credit units in mathematics that satisfy the equivalency criteria for ECON 305 and 306 shall be counted as if they were economics courses in order to satisfy the minimum number of economics courses required for any degree in economics and the grades in these mathematics courses will be included in the economics grade average.
The ECON 305 and 306 equivalency courses in mathematics may not be used to satisfy:
a) the 300- or 400-level requirement for the B.A. Three-year degree,
b) requirement B6 for Business Economics, or,
c) the requirements for a minor in Economics.
B.A. Four-year Economics
Note: No more than 6 credit units from one subject may be used to meet Requirements B1 to B4.
B1 Basic Social Science Requirements (12 credit units)
ECON 111.3, 114.3
Remaining credit units must be selected from the area of Social Sciences outside major subject area. For appropriate courses see
B.A. & B.Sc. Degree Requirements – Social Sciences in the Arts & Science section of the
Calendar.
B2 Humanities (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Humanities in the Arts & Science section of the
Calendar.
B3 Natural Science (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Natural Sciences in the Arts & Science section of the
Calendar. Economics students are advised to complete 6 credit units in mathematics in their first year.
A junior course in calculus (MATH 110.3 recommended, MATH 101.3 acceptable) is a prerequisite for all 300-and 400-level Economics courses and may be used to meet requirement B3.
B4 Language (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Languages in the Arts & Science section of the
Calendar.
B5 Elective (6 credit units)
6 credit units selected from the areas of Humanities, Natural Science or Fine Arts.
B6 Major Requirements (30 credit units)
ECON 204.6, 211.3 or 213.3, 214.3
18 additional credit units in senior economics, of which 12 must be at the 300- or 400-level
B7 Electives Requirement
Courses to complete the requirements for 120 credit unit Four-year program. Of the 120 credit units required at least 66 must be at the 200-level or higher and no more than 60 in one subject.
B.A. Three-year Economics
Note: No more than 6 credit units from one subject may be used to meet Requirements B1 to B4.
B1 Basic Social Science Requirements (minimum 12 credit units):
ECON 111.3, 114.3
Remaining credit units must be selected from the area of Social Sciences outside major subject area. For appropriate courses see
B.A. & B.Sc. Degree Requirements – Social Sciences in the Arts & Science section of the
Calendar.
B2 Humanities (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Humanities in the Arts & Science section of the
Calendar.
B3 Natural Science (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Natural Sciences in the Arts & Science section of the
Calendar. Economics students are advised to complete 6 credit units in mathematics in their first year.
A junior course in calculus (MATH 110.3 recommended, MATH 101.3 acceptable) is a prerequisite for all 300-and 400-level Economics courses and may be used to meet requirement B3.
B4 Language (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Languages in the Arts & Science section of the
Calendar.
B5 Elective (6 credit units)
6 credit units selected from the areas of Humanities, Natural Science or Fine Arts.
B6 Major Requirements (24 credit units)
ECON 204.6, 211.3 or 213.3, 214.3
12 additional credit units in senior economics, of which 6 must be at the 300- or 400-level
B7 Electives Requirement
Courses to complete the requirements for 90 credit unit Three-year program. Of the 90 credit units required at least 42 must be at the 200-level or higher and no more than 42 in one subject.
B.A. Honours Economics
Note: No more than 6 credit units from one subject may be used to meet Requirements B1 to B4.
B1 Basic Social Science Requirements (12 credit units)
ECON 111.3, 114.3
Remaining credit units must be selected from the area of Social Sciences outside major subject area. For appropriate courses see
B.A. & B.Sc. Degree Requirements – Social Sciences in the Arts & Science section of the
Calendar.
B2 Humanities (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Humanities in the Arts & Science section of the
Calendar.
B3 Natural Science (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Natural Sciences in the Arts & Science section of the
Calendar. Economics students are advised to complete 6 credit units in mathematics in their first year.
A junior course in calculus (MATH 110.3 recommended, MATH 101.3 acceptable) is a prerequisite for all 300-and 400-level Economics courses and may be used to meet requirement B3.
B4 Language (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements – Languages in the Arts & Science section of the
Calendar.
B5 Elective (6 credit units)
6 credit units selected from the areas of Humanities, Natural Science or Fine Arts.
B6 Major Requirements (42 credit units)
ECON 204.6, 211.3 or 213.3, 214.3
6 credit units from 261.3, 263.3, 265.3, 267.3, 280.3, 380.3
ECON 305.3 and 306.3
18 additional credit units in economics, of which 12 must be at the 400-level.
B7 Electives Requirement
Courses to complete the requirements for 120 credit unit Four-year program. Of the 120 credit units required at least 66 must be at the 200-level or higher and no more than 60 in one subject. Economics Honours students should include courses offered by other Arts & Science departments in their program, in consultation with the department of Economics.
Double Honours Program
Any students who wish to take a Double Honours Program in Economics and another discipline are invited to contact the Heads of the appropriate departments. Double Honours students are required to take ECON 111.3, 114.3, and the first 24 credit units of the requirements for the Honours degree in Economics and 6 additional credit units at the 400-level.
Note: Sections of some courses in this department are taught by faculty in the corresponding department of St. Thomas More College. These course sections are designated as STM sections in the online
Course Offerings.
Post Degree Specialization Certificate in Economics
To be eligible for a Post Degree Specialization Certificate in Economics, students must have successfully completed a university degree in some other discipline. (Students with a Bachelor of Arts would not be eligible for the PDSC because such students would be eligible to complete the Four-year degree or Advanced Certificate in Economics.)
The program requires completion of at least 30 credit units from the College of Arts & Science including completion of the department's discipline requirements, promotion and graduation standards, for a Four-year major in Economics. The program requires completion of ECON 111, 114, 204, 211 or 213, 214, 12 credit units in ECON at the 300- or 400-level, and 6 additional credit units in ECON. A junior course in calculus is prerequisite for all 300-level ECON courses.
Minor in Economics
This minor may be taken in conjunction with a Four-year major or Honours program in any subject area excluding Economics or Business Economics. Required courses are: ECON 111, 114, and 15 additional credit units in economics. It is recommended that students also take ECON 211 or 213, and 214. Students considering further studies in economics should include these courses in their program.
Business Economics Program
The Business Economics Program combines courses in the Department of Economics and the Edwards School of Business to produce a degree which provides the student with a rigorous background in both economics and commerce, with special emphasis in economics, so as to prepare students for the world of business, finance, and public service. Students trained in our program will be able to apply their specialized knowledge to practical economic problems in their chosen area of employment. Moreover, they will be better equipped to enter the private and public sectors as business economists. In addition, in this program the student becomes familiarized with both economics and commerce from a liberal arts perspective thereby providing the students with a unique, valuable and flexible approach to these areas of study.
Registering in the Business Economics Program
Students interested in registering in the Business Economics Program MUST apply directly to the Department of Economics. The deadline to apply is December 31 each year.
B.A. Four-year or Honours Degree Business Economics
Whether a student earns an Honours or a Four-year major degree in the Business Economics Program depends on their C.W.A. and whether the student takes the required six credit-unit 400-level course for the honours degree. The total program requirement is 66 credit units, including 60 credit units in economics and commerce.
Note: No more than 6 credit units from one subject may be used to meet Requirements B1 to B4.
B1 Basic Social Science Requirements (12 credit units)
ECON 111.3, 114.3
Remaining credit units must be selected from the area of Social Sciences outside major subject area. For appropriate courses see
B.A. & B.Sc. Degree Requirements — Social Sciences in the Arts & Science section of the
Calendar.
B2 Humanities (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements — Humanities in the Arts & Science section of the
Calendar. B3 Natural Science (6 credit units)
3 credit units junior calculus (MATH 110.3 recommended, MATH 101.3 acceptable)
3 credit units Computer Science
B4 Language (6 credit units)
For appropriate courses see
B.A. & B.Sc. Degree Requirements — Languages in the Arts & Science section of the
Calendar. B5 Elective (6 credit units)
6 credit units selected from the areas of Humanities, Natural Science or Fine Arts.
B6 Major Requirements (Minimum 54 credit units)
(a) ECON 213.3 (Recommended) or ECON 211.3, 214.3
(b) ECON 204.6 or equivalent.
(c) COMM 201.3 (Introduction to Financial Accounting), COMM 210.3 (formerly 301.3 or 302.3)(Introduction to Management Accounting), COMM 304.3 (formerly 208.3)(Introduction to Business Law)
(d) Commerce Courses (6 credit units) from:
COMM 105.3 (formerly 202.3)(Introduction to Organizational Behaviour); COMM 203.3 (Introduction to Finance); COMM 204.3 (Introduction to Marketing); COMM 206.3 (Employment and Industrial Relations); COMM 345.3 (Business and Public Policy).
(e) Senior Economics Electives (12 credit units) including a minimum of 6 credit units at the 300- or 400-level.
(f) Senior Economics Electives (6 credit units). For an Honours degree these credit units must be taken at the 400-level.
(g) Economics and/or Commerce Electives (9 credit units)
B7 Electives Requirement Courses to complete the requirements for 120 credit unit Four-year program. Of the 120 credit units required at least 66 must be at the 200-level or higher and no more than 60 in one subject.
Minor in Statistics
For students in Economics the following courses would satisfy a minor in Statistics: MATH 110.3, MATH 116.3; MATH 264.3 or MATH 266.3, or ECON 305.3; MATH 225.3 or ECON 306.3; STATS 241.3, STATS 345.3, STATS 348.3, ECON 204.6, ECON 404.6.