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Economics

Department of Economics
Faculty of Public Affairs
C870 Loeb Building
613-520-3744
carleton.ca/economics

This section presents the requirements for the programs:

A Co-operative Education option is available in conjunction with B.A. Honours programs in Economics or Applied Economics. Consult the Co-operative Education section of this Calendar for details.

Graduation Requirements

In addition to the requirements listed below, students must satisfy:

  1. the University regulations including the process of Academic Performance Evaluation (see the Academic Regulations of the University section of this Calendar);
  2. the common regulations applying to all B.A. students including those relating to First-Year Seminars and Breadth requirements (see the Academic Regulations and Requirements for the Bachelor of Arts Degree ).

Students should consult with the Department when planning their program and selecting courses.

Access to Economics Courses

To meet the prerequisite requirements for most 2000-level economics courses, students must have obtained a grade of C- or higher in ECON 1401 and a grade of C- or higher in FYSM 1003 [1.0] or ECON 1000 [1.0] or, equivalently, an average grade of C- or higher in ECON 1001 and ECON 1002, one or both of which have been transferred from another university.

Certain 3000- and 4000-level economics courses also have prerequisites with minimum grade requirements. These requirements are specified with the course descriptions.

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0000-Level Courses

Students in the Bachelor of Arts Economics programs may not count any 0000-level Mathematics courses for credit toward their degree. Such students may, however, be required to take one or more of these courses to replace missing program prerequisites in which case the courses will be set aside as “no credit for degree” (NCD).

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Program Requirements for B.A. Honours

Economics
B.A. Honours (20.0 credits)

  1. Credits Included in the Major CGPA (10.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 7.0 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 2400, ECON 4001, ECON 4002, ECON 4020, ECON 4021, ECON 4706;
  3. 0.5 credit in ECON at the 3000-level;
  4. 1.0 credit in:
    1. ECON 4901 and ECON 4902, or
    2. ECON 4908 [1.0] (see Note below);
  5. 0.5 credit in ECON at the 4000-level;
  1. Credits Not Included in the Major CGPA (10.0 credits):
  1. 7.0 credits in electives not in ECON;
  2. 3.0 credits in free electives.

Note:

An Honours essay (ECON 4908 [1.0]) with a grade of B- or higher may be written by students with Overall and Major CGPAs of 7.50 or higher to earn 1.0 credit at the 4000-level or to replace the ECON 4901 and ECON  4902 requirement. Qualified students who choose to pursue the Honours Essay option must first complete an Honours essay prospectus to the satisfaction of both their advisor and the B.A. Program Supervisor.

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Applied Economics
B.A. Honours (20.0 credits)

  1. Credits Included in the Major CGPA (10.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 5.0 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 3706, ECON 4890;
  3. 2.0 credits in ECON 2400 and/or ECON at the 3000-level;
  4. 2.0 credits in ECON at the 4000-level;
  1. Credits Not Included in the Major CGPA (10.0 credits):
  1. 7.0 credits in electives not in ECON;
  2. 3.0 credits in free electives.
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Program Requirements for Concentrations and Specializations

Economics B.A. Honours
with Concentration (20.0 credits)

  1. Credits Included in the Major CGPA (12.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 6.0 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 2400, ECON 4020, ECON 4021, ECON 4706;
  3. 1.0 credit in:
    1. ECON 4901 and ECON 4902, or
    2. ECON 4908 [1.0] (see Note 1 below);
  4. One of the following concentrations, also included in the Major CGPA:
Concentration in Financial Economics
or
Concentration in International Political Economy
or
Concentration in Development
or
Concentration in Natural Resources, Environment, and Economy
  1. Credits Not Included in the Major CGPA (8.0 credits):
  1. 7.0 credits in electives not in ECON;
  2. 1.0 credit in free electives.
Notes:
  1. An Honours essay (ECON 4908 [1.0]) with a grade of B- or higher may be written by students with Overall and Major CGPAs of 7.50 or higher to earn 1.0 credit at the 4000-level or to replace the ECON 4901 and ECON 4902 requirement. Qualified students who choose to pursue the Honours Essay option must first complete an Honours essay prospectus to the satisfaction of both their advisor and the B.A. Program Supervisor.
  2. For Item 4 a) of the Concentration in Financial Economics above, BUSI 1004 may replace BUSI 1001 and BUSI 1005 may replace BUSI 1002.
  3. For Item 4 c) of the Concentration in Financial Economics above, BUSI 2504 may not count for credit inside the major without also including at least one of BUSI 4500 and BUSI 4502.
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Applied Economics
B.A. Honours
with Concentration (20.0 credits)

  1. Credits Included in the Major CGPA (12.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 5.0 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 3706, ECON 4890;
  3. 1.0 credit in ECON 2400 and/or ECON at the 3000-level;
  4. 1.0 credit in ECON at the 4000-level;
  5. One of the following concentrations, also included in the Major CGPA:
Concentration in Financial Economics
or
Concentration in International Political Economy
or
Concentration in Development
or
Concentration in Natural Resources, Environment, and Economy
  1. Credits Not Included in the Major CGPA (8.0 credits):
  1. 7.0 credits in electives not in ECON;
  2. 1.0 credit in free electives.
Notes:
  1. For Item 5 a) of the Concentration in Financial Economics above, BUSI 1004 may replace BUSI 1001 and BUSI 1005 may replace BUSI 1002.
  2. For Item 5 c) of the Concentration in Financial Economics above, BUSI 2504 may not count for credit inside the major without also including at least one of BUSI 4500 and BUSI 4502.
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Economics with Specialization in Quantitative and Mathematical Economics
B.A. Honours (20.0 credits)

  1. Credits Included in the Major CGPA (15.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 1.0 credit in MATH 1002 [1.0] or MATH 1007 and MATH 2007;
  3. 1.0 credit in MATH 1102 [1.0] or MATH 1107 and MATH 2107;
  4. 4.0 credits in MATH 2000 [1.0], MATH 2454, MATH 3001, MATH 3107, STAT 2655, STAT 2559, STAT 3506;
  5. 5.5 credits in ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2400, ECON 4001, ECON 4002, ECON 4020, ECON 4021, ECON 4706, ECON 4707;
  6. 1.5 credits in ECON at the 4000-level including at least 0.5 credit from ECON 4004, ECON 4005, ECON 4700, ECON 4713, ECON 4714;
  7. 1.0 credit in:
    1. ECON 4901 and ECON 4902, or
    2. ECON 4908 [1.0] (see Note below);
  1. Credits Not Included in the Major CGPA (5.0 credits):
  1. 4.0 credits in electives not in economics, mathematics, or statistics (COMP 1005, COMP 1006, PHIL 2001, and PHIL 3306 are recommended for 2.0 credits);
  2. 1.0 credit in free electives (MATH 4807 is recommended for 0.5 credit).

Note:

An Honours Essay (ECON 4908 [1.0]) with a grade of B- or higher may be written by students with Overall and Major CGPAs of 7.50 or higher to earn 1.0 credit at the 4000-level or to replace the ECON 4901 and ECON 4902 requirement. Qualified students who choose to pursue the Honours Essay option must first complete an Honours essay prospectus to the satisfaction of both their advisor and the B.A. Program Supervisor.
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Program Requirements for B.A., B.Hum., and B.J. Combined Honours

Students may apply for Combined Honours in Economics or Applied Economics and one of the following disciplines with the requirements described below: African Studies, Anthropology, Applied Linguistics and Discourse Studies, Art History, Biology, Canadian Studies, Communication Studies, English, European and Russian Studies, Film Studies, French, Geography, Global Politics, Greek and Roman Studies, History, Human Rights, Human Rights and Law with Concentration in Transnational Law and Human Rights, Humanities, Journalism, Law, Law with Concentration in Business Law, Law with Concentration in Law, Policy and Government, Law with Concentration in Transnational Law and Human Rights, Linguistics, Linguistics and Discourse Studies, Music, Philosophy, Political Science, Psychology, Religion, Sociology, Women's and Gender Studies.

The (B.Hum.) Combined Honours programs in Economics or Applied Economics and Humanities are available only to students already admitted to the B.Hum.

The (B.A. and B.J.) Combined Honours programs in Economics or Applied Economics and Journalism are available only to students registered in Journalism.

Note that it may be difficult or impossible to meet the requirements of certain Combined Honours programs within the 20.0 credits required for the degree.

Note also that certain Combined Honours programs specify pairs of courses that preclude one another; e.g., ECON 2201 and PSCI 2702 in the case of Economics and Political Science. Students in such programs are strongly advised to consult with the Department upon admission, or as soon as possible thereafter, to ensure that their program requirements are adjusted appropriately.

Economics
B.A. Combined Honours (20.0 credits)

  1. Credits Included in the Economics Major CGPA (8.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 5.5 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 2400, ECON 4020, ECON 4021;
  3. 1.5 credits in:
    1. ECON 4706, ECON 4901 and ECON 4902, or
    2. 0.5 credit in ECON at the 4000-level and ECON 4908 [1.0] (see Note below);
  1. Additional Requirements:
  1. The requirements for Combined Honours in the other discipline must be satisfied;
  2. At least 4.0 credits in electives not in ECON or the other discipline;
  3. Sufficient credits in free electives to make 20.0 credits for the degree.

Note: An Honours essay (ECON 4908 [1.0]) with a grade of B- or higher may be written by students with Overall and Major CGPAs of 7.50 or higher to earn 1.0 credit at the 4000-level or to replace the ECON 4901 and ECON 4902 requirement. Qualified students who choose to pursue the Honours essay option must first complete an Honours essay prospectus to the satisfaction of both their advisor and the B.A. Program Supervisor.

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Applied Economics
B.A. Combined Honours (20.0 credits)

  1. Credits Included in the Applied Economics Major CGPA (8.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 5.0 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2030, ECON 2102, ECON 2103, ECON 2201, ECON 2202, ECON 3706, ECON 4890;
  3. 1.0 credit in ECON 2400 and/or ECON at the 3000-level;
  4. 1.0 credit in ECON at the 4000-level;
  1. Additional Requirements:
  1. The requirements for Combined Honours in the other discipline must be satisfied;
  2. At least 4.0 credits in electives not in ECON or the other discipline;
  3. Sufficient credits in free electives to make 20.0 credits for the degree.
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Program Requirements for B.A. General

Economics
B.A. General (15.0 credits)

  1. Credits Included in the Major CGPA (7.0 credits):
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 2.5 credits in ECON 1401, ECON 1402, ECON 2020, ECON 2102, ECON 2201;
  3. 3.5 credits from ECON 2030, ECON 2103, ECON 2202, ECON 2400, ECON at the 3000- or 4000-level;
  1. Credits Not Included in the Major CGPA (8.0 credits):
  1. 6.0 credits in electives not in ECON;
  2. 2.0 credits in free electives.
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Minors

Minor in Economics

Open to all undergraduate degree students not pursuing a Major in Economics or Applied Economics.

Requirements:
  1. 1.0 credit in ECON 1000 [1.0] or FYSM 1003 [1.0];
  2. 0.5 credit in ECON 2001 or ECON 2020;
  3. 0.5 credit in ECON 2101 or ECON 2102;
  4. 2.0 credits from ECON 2030, ECON 2103, ECON 2201, ECON 2202, ECON 2400, ECON at the 3000- or 4000-level;
  5. The remaining requirements of the major discipline(s) and degree must be satisfied.

Minor in Industrial Economics

Open to all B.Eng. students and other undergraduate degree students not pursuing a Major in Economics or Applied Economics who have successfully completed Requirement 4 (below) while registered in a B.Eng. program.

Requirements:
  1. 1.0 credit in ECON 1000 [1.0];
  2. 1.5 credits in ECON 2020, ECON 2030, ECON 4020;
  3. 0.5 credit from ECON 4005, ECON 4301, ECON 4309, ECON 4407;
  4. 1.0 credit in ECOR 3800 and SYSC 3200;
  5. The remaining requirements of the major discipline(s) and degree must be satisfied.
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