Economics is a versatile field that deals with the analysis and management of production, distribution and consumption of goods and services. Economics gives us the analytical tools to understand questions such as how prices are determined, why some people are unemployed, why interest rates rise and fall, and why product is traded between nations.

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• Admission requirements - new Memorial students
• Your first year
• Admission to the major (B.Sc. only) - current students
• Sample courses and degree map
• Career opportunities

Economics at Memorial

Memorial offers major, minor and honours programs leading to either a bachelor of arts (BA) or bachelor of science (B.Sc.) in economics.

We also offer applied economics courses in a wide variety of areas, including fishery, petroleum and mining, forestry, environmental, development, international, monetary, public sector, welfare, labour and health economics.

Students who study economics at Memorial can choose to complete the major as part of a bachelor of arts or bachelor of science degree. Students undertaking an economics major may also apply to complete the Economics Co-operative Education Option (ECEO).

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Admission requirements - entry to the university

Applications are considered on a rolling basis. You are encouraged to apply by:

Admission to the major for BA students

You may apply for admission into the Faculty of Humanities and Social Sciences by indicating bachelor of arts as your program choice on the undergraduate application for admission. Direct entry into the faculty is subject to your meeting the general admission requirements for Memorial University.

You may choose economics as your major at the time of application or you can explore your options and declare a major in a later semester by emailing registrar@mun.ca to make your choice official.

Admission to the major for B.Sc. students

If you're interested in completing economics as a science major, apply for admission into the Faculty of Science by indicating bachelor of science as your program choice on the undergraduate application for admission. Direct entry into the Faculty of Science from high school is subject to meeting the general admission requirements for Memorial University, including appropriate courses in mathematics and a laboratory science.

Important to know: If you are applying to complete Economics as a B.Sc., you cannot choose Economics as your major at the time of application. Admission into the major requires the completion of university level courses. Follow the information listed below under your first year and admission to the major for further details.

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Your first year

You can complete the economics major as part of a BA or B.Sc. program. Choose the appropriate degree below and have a look at a sample schedule of 10 courses you may need to take in your first year of the economics program.

This is a sample only. Meet with an academic advisor to create a plan that aligns with your specific needs and goals.

Bachelor of arts students (BA or iBA)

1. Both LS courses must be in the same language. If your first language is not English and you do not meet the standards for entry into regular first-year English courses you may use English 1020 and 1021 to fulfill this requirement. Such students are permitted to complete up to an additional six credit hours in English CRW courses at the 1000 level in order to fulfill the CRW requirement.
   
   
2. Selection of a mathematics course depends on your background and ability. You should refer to the math course criteria chart prior to selecting your first-semester course.

Bachelor of science students

1. Selection of a mathematics course depends on your background and ability. You should refer to the math course criteria chart prior to selecting your first-semester course.
   
   
2. If you are completing Mathematics 1090/1000, you will be required to complete Mathematics 1001 as well.
   
   
3. You are required to complete six credit hours in CRW courses, including at least three credit hours in English. 

Further assistance

For assistance with course selection, contact the Academic Advising Centre.

For additional program information, visit the Department of Economics or contact the undergraduate program director.

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Admission to the major (B.Sc. only)

Current Memorial students

To declare the Economics major as a B.Sc. student, you must complete 30 credit hours (10 courses), including the following:

• six credit hours in critical reading and writing (CRW) courses, including at least three credit hours in English
• six credit hours in mathematics
• six credit hours in economics
• six credit hours in a second science subject, other than mathematics and economics

Declare your major

Upon completion of these courses, you should contact the Department of Economics to declare the major.

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Sample courses and degree map

ECON 2550 - Economic Statistics and Data Analysis
ECON 3150 - Money and Banking
ECON 4030 - International Trade

Economics degree map (for BA students)

Degree maps are navigational tools, designed to help you make the right choices throughout your bachelor of arts degree. They cover information pertaining to your studies, provide study tips, career guidance, suggestions for involvement, advice on go abroad activities and on your well being.

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Career opportunities

Our graduates have gone on to careers in:

• business
• finance and banking
• law
• accounting
• private consulting
• real estate
• insurance and actuarial work
• social enterprises
• private sector (oil and gas, utilities and mining)
• non-governmental organizations
• providing economic research and economic analysis for governments at the federal, provincial and municipal levels

Note: some of these careers may call for supplementary education or preparation in the form of graduate studies, experiential learning or professional courses and exams.

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