The B.Econ. Honours Concentration in Economic Theory provides a rigorous and intensive grounding in economics as well as a relatively high-level training in mathematical and statistical methods. Economic Theory captures all that is known from economics standpoint about human behavior and functioning of markets. It opens a pathway to a career of a professional economist, economic analyst, or a consultant, whether in government, business or a non-profit sector. The concentration also provides an excellent preparation for graduate school in economics or related discipline.
The core of the concentration comprises six 0.5-credit courses—in Mathematical Methods of Economics (ECON 3001), Mathematical Analysis in Economics (ECON 4001), Statistical Analysis in Economics (ECON 4002), Advanced Microeconomic Theory (ECON 4020), Advanced Macroeconomic Theory (ECON 4021), and Econometrics I (ECON 4076). An additional 1.0 credit in 4000-level Economics electives makes up the balance.
Students interested in further graduate studies in economics may benefit from combining this concentration with concentration in either Economic Data Science, Computational Analysis or Mathematics and Quantitative Economics. Any one of these combinations will provide students with a strong and broad set of skills generally sought by the employers.
Recommended Course Pattern
|Year 2||Year 3||Year 4|
|ECON 3001||ECON 4001||ECON 4020||ECON 4002|
|ECON 4706||ECON 4021||1.0 credit in ECON at the 4000 level *|
|Concentration and (non-concentration) elective courses may be re-distributed to some extent across years.
As a general rule, students should schedule concentration courses first and elective courses second for a given year.
* Any two of the following three courses are recommended to those who desire micro- and/or macro-economic theory and/or econometrics further to that covered in the core: Game Theory and Economics (ECON 4025), Macroeconomic Dynamics (ECON 4026), and Econometrics II (ECON 4707).