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Economics


It is recommended that students planning to major in Economics have OAC courses in Mathematics, preferably Algebra and Geometry, and Calculus or the equivalent. Students without these courses are encouraged to select MATH 103 and 104 in their first year of study at the University of Waterloo.

Three-Year General Economics

Eligibility for graduation in the General Economics program includes fulfillment of the following requirements:
  1. Successful completion of a minimum of 30 term courses including Faculty of Arts Group requirements, and a minimum of 16 term courses beyond the 100 level, with an overall cumulative average of at least 60% and a cumulative major average of at least 65%.
  2. At least ten term courses must be in Economics. Four of these ten term courses must be at the 300-level or above. ECON courses must include:

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Four-Year General Economics

Eligibility for graduation in the Four-Year General Economics program includes fulfillment of the following requirements:
  1. Successful completion of a minimum of 40 term courses including Faculty of Arts Group requirements, and a minimum of 16 term courses beyond the 100 level, with an overall cumulative average of at least 60% and a cumulative major average of at least 65%.
  2. At least 14 term courses must be in Economics. At least six of these 14 ECON term courses must be at the 300-level or above, of which two term courses must be at the 400-level. ECON courses must include 101, 102, 201, 202, 211, 221, 301, 302.

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HONOURS PROGRAMS

Honours Economics (Regular Program)

Eligibility for graduation in the Honours Economics program includes fulfillment of the following requirements:
  1. Successful completion of a minimum of 40 term courses including Faculty of Arts Group requirements with an overall cumulative average of at least 60% and a cumulative major average of at least 75%.
  2. At least 18 term courses must be in Economics, including ECON:
Recommand Program
Year One
ECON 101 and 102
Eight additional term courses

Year Two
ECON 201, 202, 211, 221
Two additional term courses in Economics
Four additional term courses.

Year Three
ECON 301, 302, 321
Three additional courses in Economics
Four additional term courses.

Year Four
ECON 401, 402*, 472
An additional term course in Economics
Six additional term courses.

* ECON 401, 402, need not be taken in the order as listed.


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Honours Economics Applied Studies (Co-op)

A student may combine an Honours Economics program with Applied Studies Co-op. The requirements in Economics are identical to the Honours requirements listed above. See Applied Studies for the Applied Studies requirements.

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Honours Applied Economics (Co-op)

Eligibility for graduation in the Honours Applied Economics (Co-op) program includes fulfillment of the following requirements:
  1. Successful completion of a minimum of 42 term courses including Faculty of Arts Group requirements with an overall cumulative average of at least 60% and a cumulative major average of at least 75%.
  2. At least 18 term courses must be in Economics, including ECON:
Recommended Program for Honours Applied Economics (Co-op)
This program consists of a minimum of 42 term courses of which 18 are in economics.

Yr. Fall Winter Spring Sept.-Dec. Jan.-April May.-Aug.
1 ECON 101 ECON 102 Four electives Four electives Registration for Honours Applied Economics in February/March
2 Term 2A First Work Term Term 2B ECON 201,221 ECON 202, 211, 321 Four electives Three electives
3 Second Work Term Term 3A Third Work Term ECON 301,302 ECON courses at 300-level or above Two electives
4 Term 3B* Fourth Work Term Term 4A ECON 401 ECON 402 ECON 421 Two ECON courses at ECON course at 300-level or above 300-level or above Two electives
5 Fifth Work Term Term 4B ECON 403 ECON 472 ECON course at 300-level or above Two electives
* If ECON 421 is not selected in Term 3B, ECON 403 should be taken in Term 4B.

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Economics Joint Honours Programs

Eligibility for graduation in the Joint Honours Economics program includes fulfillment of the following requirements:
  1. Successful completion of a minimum of 44 term courses including Faculty of Arts Group requirements with an overall cumulative average of at least 60% and a cumulative average in Economics of at least 75%.
  2. At least 14 term courses must be in Economics including ECON 101, 102, 201, 202, 211, 221, 301, 302, 401, 402, 472. Students in the Joint Honours Mathematics and Economics or Economics and Mathematics program must take at least 12 term courses in Economics including ECON 101, 102, 201, 202, 301, 302, 401, 402, 472, plus three additional ECON courses at the 300-level or above.
Notes For Joint Honours Programs
  1. Economics and Geography
    If majoring in Geography through Arts, the degree requirements of the Faculty of Arts must be met; if majoring in Geography through Environmental Studies, the degree requirements for the Faculty of Environmental Studies must be met. Students must take ECON 221 or ENV S 178 or ENV S 278.
  2. Economics and Mathematics
    By the end of the second year students must decide to pursue a Joint Honours Economics and Mathematics through the Faculty of Arts or a Joint Honours Mathematics and Economics through the Faculty of Mathematics. The program must then be approved by the Department of Economics and the appropriate department in the Faculty of Mathematics.
  3. Economics and Political Science
    ECON 310 must be taken as part of the required 14 term courses in Economics.
  4. Economics and Sociology
    Students may take either ECON 221 or SOC 280.

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Specializations in Economics

Students majoring in the various Honours Economics Programs or the Four-Year General Economics Program can pursue a specialization in a number of areas including Economic Theory, Econometrics, Mathematical-Economics, International Economics, Public Policy, Environmental Economics and Political Economy/Economic History.

Economic Theory Specialization

Required courses
ECON 311, 481, 482

At least one of
ECON 411, 421, or 422

Econometrics Specialization

Required courses
ECON 403, 421, 422

At least one of
ECON 311, 481, or 482

Mathematical-Economics Specialization

Required courses
ECON 311, 411, 481

At least one of
ECON 403, 421, or 482

International Economics Specialization

Required courses
ECON 331, 332, 431

At least one of
ECON 333, 335, or 341

Public Policy Specialization

Required courses
ECON 341, 361, 441

At least one of
ECON 344, 351, or 363

Environmental Economics Specialization

Required courses
ECON 355, 357, 361

At least one of
ECON 333, 341, or 343

Political Economy/Economic History Specialization

Required courses
ECON 310, 365, 410

At least one of
ECON 363, 420, or 461

Finance Specialization

Required courses
ECON 371, 372, 404

At least one of
ECON 304, 332, or 341

Notes

  1. Students may only select one area of specialization.
  2. Students selecting a specialization must fulfill the total course and Economics course requirements as well as the cumulative average requirements outlined above under the various Honours Economics Programs and the Four-Year General Economics Program. Each area of specialization requires four Economics courses which represent part of the total 18 Economics courses required for Honours Economics or part of the total 14 Economics courses required for Four-Year General Economics.
  3. Students not selecting a specialization must fulfill the requirements described above under the various Honours Economics Programs and the Four-Year General Economics Program.

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Minor Program in Economics

Students can obtain a Minor in Economics while majoring in another Honours Program. A total of ten term courses in Economics must be taken with a cumulative average in these courses of at least 65%. Economics courses must include:

  1. ECON 101, 102, 201 and 202;
  2. ECON 211 or 221*.
* Other courses may be substituted for ECON 221 at the approval of the Department of Economics.

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Joint Program in Economics Studies

Honours Biology/Business Economics

An Honours Biology combined with Economic Studies requires:

  1. Successful completion of 13 term courses in Economics with a cumulative average of at least 70%. Courses in Economics include:
  2. 352W**.
* ECON 344 offered at Wilfrid Laurier University may be taken in place of ECON 355. ** BUS 352W is offered at Wilfrid Laurier University.

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Environmental Economics Option

The Environmental Economics Option is open to students in all University of Waterloo undergraduate programs and may be taken in conjunction with an Honours or General degree. Requirements include:

  1. The successful completion of eight term courses with a cumulative average of at least 65%. The courses include:
  2. Economics students may double count no more than two Economics courses towards the Economics degree and the Environmental Economics Option.
* Faculty of Environmental Studies students may take ENV S 220 in place of ECON 357.

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