The study of Economics provides insight into how people choose to use resources, how and why they produce and consume goods and services, and how they make decisions that impact the health and well-being of societies and nations. People who want to change the world need to know how and why things work the way they do. Leaders with Heart need an awareness of how economic analysis can offer insights into human behaviours and relationships, and help in society’s efforts to use scarce resources more efficiently.

Completion of first-year requirements with no failures. Students must have an average of at least 70% with no mark less than 60% in 3.0 principal courses, including an average of 70% and no grade less than 60% in the following 2.0 courses: Economics 1021A/B and Economics 1022A/B, or the former Economics 1020; 0.5 from Mathematics 1225A/B, Calculus 1000A/B or the former Calculus 1100A/B AND 0.5 from Mathematics 1229A/B, Calculus 1301A/B, Calculus 1501A/B or Mathematics 1600A/B or the former Linear Algebra 1600A/B.