Economics
Apply economic theory and communication skills to understand the real world.
Economists study the problem of decision-making using a scientific approach.
We systematically explore economic problems both by developing theories and examining data. At Laurentian, we offer a specialization in economics for students wishing to explore economics in depth, including students who might wish to pursue graduate studies upon completion of their BA degree.
We also offer a major in economics for students who wish to combine the study of economics with that of other subjects such as geography, environmental science or studies, mathematics, history, or political science.
For students who wish to enrol in another program, we offer a concentration, and we offer a minor in economics for students in Social Sciences, Commerce, Sports Administration, and other programs for those who wish to learn the basics of economics while focusing on another subject.
Academic Advisor
Office: Eileen Connolly 705 675-1151 ext 4487 - Arts Building, A-322 - econnolly@laurentian.ca
Program Highlights:
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We offer quality teaching for undergraduates. The norm for instructors in our Department is that they have PhD’s in economics and many years of teaching experience.
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We offer opportunities for our students to gain valuable experience as teaching and research assistants within the Department.
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Various scholarships are available for students studying economics.
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We have an active Economics Student Association that organizes social and networking events for students such as lunches, movie evenings, curling bonspiels and economics student conferences.
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We offer regularly scheduled tutorial office hours three days per week to allow economics student to obtain tutorial assistance from senior students with any of their courses.
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Economics faculty are interested in applied economics and economic policy, not just in theory.
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Our faculty have a wide range of research interests including macroeconomics, labour economics, financial economics, international and comparative economics, alternative economic theories, resource economics, and the economies of Canada and northern Ontario.
Economics is the social science discipline that makes the most use of models to understand the world around us. It appeals to anyone who appreciates clear thinking and attention to quantitative evidence. It provides excellent preparation both for employment and for your role as a citizen.
At Laurentian we offer a specialization in economics for students wishing to explore economics in depth, including students who might wish to pursue graduate studies upon completion of their BA degree.
For students wishing to obtain a BA degree with the minimum number of credits, we offer a concentration, and we offer a minor in economics for students in commerce, sports administration, engineering, social sciences, and other programs who wish to learn the basics of economics while focusing on another subject.
Ontario High School Applicants
Program Prerequisites:
- 1 grade 12 English U/M course; 5 other grade 12 U/M courses
- A minimum overall average of 70% in the 6 best grade 12 U/M courses
Additional information for applicants who have completed Advanced Placement courses.
Additional information for applicants who have completed the International Baccalaureate.
Applicants from outside an Ontario High School
Canadian High School Applicants from outside Ontario
Canadian Applicants
If you are a Canadian citizen or permanent resident, you must complete your application through the Ontario Universities Application Center (OUAC).
For detailed instructions on the application process, see the How to Apply: Undergraduate Studies page.
Apply Now as a Domestic Applicant
International Applicants
If you’re an international applicant, you must fill out the International Application Form.
For detailed instructions on the application process, see the How to Apply: International Students page.
Apply Now as an International Applicant
The degree options listed below are for the upcoming academic year, not the current academic year. If you are a current student looking for which courses to take in order to complete your degree options from a previous academic year's curriculum, please consult with an academic advisor.
Bachelor of Arts (Honours) in Economics
Total 120 credits
Students must follow these regulations in order to meet graduation requirements for the BA or B.Sc.
Specialization in Economics
All students entering a BA program as of September 2017 are required to take 6 credits each of linguistic awareness, scientific literacy and indigenous content as per the regulations.
Although the requirements have been slotted in first year in the description below, students may fulfill them at any time during their studies.
Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.
Courses fulfilling these requirements may be taken as electives or as part of a minor, concentration, major or specialization.
First Year
ECON 1006E Introduction to Microeconomics
ECON 1007E Introduction to Macroeconomics
6 elective credits of linguistic awareness (see regulations)
6 elective credits in the Sciences
6 elective credits in Indigenous content (starting 2017)
6 elective credits
Second Year
ECON 2106E Intermediate Microeconomics I
ECON 2107E Intermediate Macroeconomics I
ECON 2127E Introduction to the Mathematical Treatment of Economics
ECON 2136E Statistical Methods for Economics
6 additional credits in Economics
12 elective credits
Third Year
ECON 3106E Intermediate Microeconomics II
ECON 3107E Intermediate Macroeconomics II
ECON 3466E Introduction to Econometrics
6 additional credits in Economics at the 3000 or 4000 level#
3 additional credits in Economics
12 elective credits
Fourth Year
ECON 4106E Advanced Microeconomic Theory
ECON 4107E Advanced Macroeconomic Theory
9 additional credits in Economics at the 3000 or 4000 level#
3 additional credits in Economics
12 elective credits
# ECON 3476, ECON 4066, and ECON 4076 are strongly recommended for students considering graduate programs in Economics.
Note: Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.
Major in Economics
ECON 1006E Introduction to Microeconomics
ECON 1007E Introduction to Macroeconomics
ECON 2106E Intermediate Microeconomics I
ECON 3106E Intermediate Microeconomics II
ECON 2107E Intermediate Macroeconomics I
ECON 3107E Intermediate Macroeconomics II
ECON 2127E Introduction to the Mathematical Treatment of Economics
3 credits from:*
STAT 1056E Business Statistics
STAT 2126E Introduction to Statistics
ECON 2136E Statistical Methods for Economics
9 additional credits in Economics at the 3000 or 4000 level
9 additional credits in Economics
78 elective credits#
Notes:
- Students must include 6 credits in linguistic awareness, 6 credits of Indigenous content, and 6 credits in the Sciences if not part of the other minor or second major. Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.
- Students must complete a minimum of a minor (24 credits) or a second major (42 credits) from among their elective credits.
- Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.
- Students may not receive credit for both STAT 1056 and STAT 2126. Although not required in the major, ECON 2136 is highly recommended.
Bachelor of Arts (General) in Economics
Total 90 credits
Students must follow these regulations in order to meet graduation requirements for the BA or B.Sc.
Concentration in Economics
All students entering a BA program as of September 2017 are required to take 6 credits each of linguistic awareness, scientific literacy and indigenous content as per the regulations.
Although the requirements have been slotted in first year in the description below, students may fulfill them at any time during their studies.
Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.
Courses fulfilling these requirements may be taken as electives or as part of a minor, concentration, major or specialization.
First Year
ECON 1006E Introduction to Microeconomics
ECON 1007E Introduction to Macroeconomics
6 elective credits of linguistic awareness (see regulations)
6 elective credits in the Sciences
6 elective credits in Indigenous content (starting 2017)
6 elective credits
Second Year
ECON 2106E Intermediate Microeconomics I
ECON 2107E Intermediate Macroeconomics I
ECON 2127E Introduction to the Mathematical Treatment of Economics
3 credits from:*
STAT 1056E Business Statistics
STAT 2126E Introduction to Statistics
ECON 2136E Statistical Methods for Economics
18 elective credits
* Students may not receive credit for both STAT 1056 and STAT 2126. Although not required in the three year program, ECON 2136 is highly recommended.
Third Year
ECON 3106E Intermediate Microeconomics II
ECON 3107E Intermediate Macroeconomics II
12 additional credits in Economics of which 6 credits must be at the 3000 or 4000 level
12 elective credits
Note: Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.
Minor in Economics
ECON 1006E Introduction to Microeconomics
ECON 1007E Introduction to Macroeconomics
ECON 2106E Intermediate Microeconomics I OR ECON 3106E Intermediate Microeconomics II
ECON 2107E Intermediate Macroeconomics I OR ECON 3107E Intermediate Macroeconomics II
6 credits in Economics at the 3000 or 4000 level
6 additional credits in Economics
List of Faculty Members
In the news
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Louis-Philippe Rochon just had 2 papers published:
"Public Banking and Post-Keynesian Economic Theory", International Journal of Political Economy", 48 (1), 2019, pp. 60-75.
and
The Relationship between Inflation and Unemployment: a critique of Friedman and Phelps", Review of Keynesian Economics, 6 (4), October, 2018, pp. 533-544.
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Louis-Philippe Rochon is giving a talk on 'Monetary Policy and Income Distribution' at the University of Rome 3, on May 10, 2019
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Louis-Philippe Rochon is visiting Professor of Economics at the University of Bergamo, Italy, from April 15-May 15, during which time, he will be giving three talks.
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Louis-Philippe Rochon's new book, Finance, Growth and Inequality: Post-Keynesian Perspectives (Edward ELgar Publishing; co-edited) is scheduled to be out soon.
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Brian MacLean and Louis-Philippe Rochon participated in the annual meeting of the American Economic Association in Atlanta Georgia, January 3-6, 2019.
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Louis-Philippe Rochon has just received a generous grant from the Social Sciences and Humanities Research Council (SSHRC) to host a conference on 'The Future of Central Banking,' May 26-28, 2019.
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On October 4-5, 2018, Hassan Bougrine and Louis-Philippe Rochon organised a workshop on campus entitled “The Political Economy of Income Distribution”, which was attended by scholars from Toronto, Ottawa and Gatineau universities.
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Hassan Bougrine received a LURF grant in 2018 for the translation of his book "The Creation of Wealth and Poverty: Means and Ways" into Arabic, "Assubulu wa lmunaa fi sinaa?t al fakr wa lghina", through the Center for Arab Unity Studies, Beirut, Lebanon.
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Louis-Philippe Rochon has received a LURF grant to translate his "Introduction to Macroeconomics" into Polish.
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Brian MacLean, Hassan Bougrine and Louis-Philippe Rochon are putting finishing touches on their book "Employment in the Age of Austerity" (Edward Elgar Publishing).
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Louis-Philippe Rochon has just sent in his latest book, entitled " Finance, Growth and Inequality: Post-Keynesian Perspectives" (Edward Elgar Publishing)
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Hassan Bougrine and Louis-Philippe Rochon are in the process of finishing a book on "A Short History of Economic Thought" (Edward Elgar Publishing).
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Hassan Bougrine and Louis-Philippe Rochon are finishing up two books in honour of Marc Lavoie and Mario Seccareccia, entitled "Money and Crisis in Post-Keynesian Economics: Essays in honour of Marc Lavoie and Mario Seccareccia, Book I", and "Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics: Essays in honour of Marc Lavoie and Mario Seccareccia, Book II" (Edward Elgar Publishing).
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Louis-Philippe Rochon was invited by the Young Scholars Initiative (Institue for New Economic Thinking) to give a talk on "The General Theory of Debt, Money and Income", February 28, in New York.
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Louis-Philippe Rochon is participating in the Easter Economic Association conference in New York, February 28-March 3. He will be presenting a paper on monetary policy and income distribution.
Sessional Faculty
- Noreen Russell
- Mehdi Ben Guirat
- Akhter Faroque