2001-2002 Undergraduate Calendar

Economics studies how scarce resources are allocated to produce goods and services and the distribution of those goods and services across individuals and different groups in society. The basic theoretical framework is divided into two parts: microeconomic theory, where the focus is on the determination of prices and the allocation of scarce resources among competing uses; and macroeconomic theory, where the focus is on the levels of utilization of resources, especially the levels of employment, unemployment and inflation. The theoretical tools are applied to issues in the labour market, industrial organization, international trade, economic development, urban studies, taxation and government expenditure. The analysis yields insights and predictions that are used to develop public policy on a wide range of issues.

The honours program provides students with an opportunity for a more intensive examination of issues in the field and prepares students for graduate studies in economics.

Mathematics is an important analytical tool for economists. All students, but especially those intending to pursue graduate studies, are encouraged to take additional MATH courses. Students should consult the department regarding appropriate choices. (MATH 1P93 satisfies the MATH 1P97 prerequisite that is specified for some ECON courses.)

Computer literacy is required for some Economics courses. Students who are not computer literate should take COSC 1P90 or 1P98, or both, as elective credits.

Program Notes

1.	ECON 1P91 and 1P92 may be taken concurrently or in either order.
2.	In all 20 credit degree programs, at least 12 credits must be numbered 2(alpha)00 or above, six of which must be numbered 2(alpha)90 or above and of these, three must be numbered 3(alpha)90 or above. In all 15 credit degree programs, at least seven credits must be numbered 2(alpha)00 or above, three of which must be numbered 2(alpha)90 or above.

Honours Program

Year 1

	ECON 1P91 and 1P92 (see program note 1)
	MATH 1P01 or 1P97
	MATH 1P98
	one Humanities context credit
	one Science context credit
	one elective credit

Year 2

	ECON 2P21, 2P22, 2P31, 2P32, 2P90 and 2P92
	one-half ECON credit
	one and one-half elective credits

Year 3

	ECON 3P91
	two and one-half ECON credits numbered 2(alpha)90 or above
	two elective credits

Year 4

	ECON 3P90, 4P13 and 4P14
	one ECON credit numbered 3(alpha)90 or above
	one-half ECON credit
	two elective credits

International Political Economy (honours only)

Consult International Political Economy entry for a listing of program requirements.

Pass Program

Years 1 and 2

As in the honours program.

Year 3

	One ECON credit
	two ECON credits numbered 2(alpha)90 or above
	two elective credits

Combined Major Programs

Students may take Economics as part of a combined major. Students should consult the department about other possible programs.

Economics and Business (honours only)

Year 1

	ECON 1P91 and 1P92 (see program note 1)
	ACTG 1P91 and 2P12
	MGMT 1P93 and 1P96
	MATH 1P01 or 1P97
	MATH 1P98
	one Humanities context credit or Science context credit

Year 2

	ECON 2P21 or 2P23
	ECON 2P22, 2P31, 2P90 and 2P91
	FNCE 2P91
	MKTG 2P91
	OBHR 2P91
	the Humanities context credit or Science context credit not taken in Year 1

Year 3

	ECON 2P32, 3P90 and 3P91
	ACTG 2P40
	FNCE 3P93
	MKTG 3P24
	OPER 2P91
	one-half ECON credit
	one elective credit

Year 4

	ECON 4P13 and 4P14
	MGMT 3P80 and 3P82
	one and one-half ECON credit numbered 2(alpha)90 or above
	one-half ACTG, ENTR, FNCE, MGMT, MKTG, OBHR or OPER credit numbered 3(alpha)90 or above
	one elective credit

Economics and Computer Science (honours only)

Consult the Computer Science entry for a listing of program requirements.

Economics and Geography

Honours

Year 1

	ECON 1P91 and 1P92 (see program note 1)
	GEOG 1F90
	MATH 1P01 or 1P97
	MATH 1P98
	one humanities context credit
	one Science context credit

Year 2

	ECON 2P21, 2P22, 2P31 and 2P32
	GEOG 2P10
	one and one-half credits from GEOG 2P02, 2P03, 2P06, 2P07
	one elective credit

Year 3

	ECON 2P90
	GEOG 3P57
	one and one-half ECON credits numbered 2(alpha)90 or above
	one and one-half GEOG credit numbered 2(alpha)90 to 3(alpha)99 from group A or C (see Geography department calendar entry)
	one elective credit

Year 4

	ECON 3P90, 3P91, 4P13 and 4P14
	GEOG 4F99
	one GEOG credit numbered 3(alpha)90 or above from group A or C (see Geography department calendar entry)
	one elective credit

Pass

Satisfactory completion of the first three years of the honours program entitles a student to apply for a pass degree.

Economics and Labour Studies

Year 1

	ECON 1P91 and 1P92 (see program note 1)
	LABR 1P91 and 1P92
	MATH 1P01 or 1P97
	MATH 1P98
	one POLI credit numbered 1(alpha)90 to 1(alpha)99 or SOCI 1F90
	one Humanities context credit or one Science context credit

Year 2

	ECON 2P21, 2P22, 2P31 and 2P32
	LABR 2F00 and 2P15
	one-half LABR credit
	the Humanities context credit or Science context credit not taken in year 1

Year 3

	ECON 2P90
	LABR 3F00, 3P24 and 3P25
	one and one-half ECON credits numbered 2(alpha)90 or above
	one elective credit

Year 4

	ECON 3P90, 3P91, 4P13 and 4P14
	LABR 4F90 and 4P91
	one half LABR credit
	one elective credit (see program note 2)

Pass

Satisfactory completion of the first three years of the honours program entitles a student to apply for a pass degree.

Economics and Mathematics (honours)

Year 1

	ECON 1P91 and 1P92 (see program note 1)
	MATH 1P01,1P02 and 1P12
	COSC 1P02
	one Humanities context credit
	one Science context credit

Year 2

	ECON 2P21, 2P22, 2P31 and 2P32
	MATH 1P40, 2P03, 2P72, 2P81 and 2P82
	one-half elective credit

Year 3

	MATH 2F40, 3P81 and 3P82
	two ECON credits numbered 2(alpha)90 or above
	one elective credit

Year 4

	ECON 3P90, 4P13 and 4P14
	MATH 3P72, 4P72, 4P81 and 4P82
	one-half ECON credit numbered 3(alpha)90 or above
	one elective credit

Last updated: September 21, 2001 @ 03:02PM