The discipline of Economics is built upon two strands of theory: Microeconomic Theory and Macroeconomic Theory. Microeconomic deals with the study of individual units in an economy, such as consumers, producers, and the interaction of these units in a given market structure. Macroeconomic theory, on the other hand, deals with the economy as a whole. Here we analyze the problems related to unemployment, growth, inflation, and the balance of payments. Most of the other courses in Economics are applied courses which use the concepts of Microeconomic Theory and/ or Macroeconomic Theory. An understanding of the relationship between these two theory courses and other fields in economics is usually helpful in planning your selection of courses.

International students should submit documents that prove that their qualifications are comparable to that of Canadian applicants. Students should have 12 years of elementary and secondary education with a high school diploma, or a Senior Secondary Certificate, Higher Secondary School Certificate, or other forms of matriculation.