FACULTY OF ARTS

ECONOMICS PROGRAMMES AND REGULATIONS

PROGRAMMES IN ECONOMICS

The following programmes are available in the Department:

- Major in Economics (B.A. or B.Sc.)
- Honours in Economics (B.A. or B.Sc.)
- Minor in Economics
- Joint Programmes (B.Sc. Only)
- Major in Economics (Co-operative) (B.A. or B.Sc.)

ADMISSION REGULATIONS (B.Sc.)

Students are normally admitted to the B.Sc. Programme upon successful completion of thirty credit hours which must include

(a) Six credit hours in English courses
(b) Six credit hours in Mathematics courses

MAJOR IN ECONOMICS (B.A. or B.Sc.)

1. Students may Major in Economics as part of either a B.A. or a B.Sc programme. See the General Regulations for the B.A. and B.Sc. Degrees as appropriate.

2. Economics 2010 and 2020 are prerequisites for all other Economics courses except Economics 2070.

3. Economics 2550, 3000 and 3010 are prerequisites for all 4000-level courses.

4. Candidates shall consult with the Head of the Department or delegate when choosing courses for a Major in Economics.

5. Mathematics 1000 or its equivalent is the prerequisite for Economics 3000, 3010, and 3550.

6. B.A. candidates who undertake a Major in Economics shall complete Statistics 2500 and at least 39 credit hours in courses in Economics of which:

a) 2010, 2020, 2550, 3000, 3001, 3010 and 3550 are obligatory.

b) Eighteen credit hours shall be chosen from among the various Economics courses in consultation with the Head of the Department or delegate, and will include at least nine credit hours in courses at the 4000-level.

c) Candidates may, with the approval of the Head of the Department or delegate, substitute Statistics 2510 for Statistics 2500.

7. B.A. candidates majoring in Economics shall complete a minor of 24 credit hours in one other approved subject, or a second Major in accordance with General Regulations. It is recommended that the Minor or second Major be chosen from the following subjects: Business, Mathematics, Political Science, Statistics, Computer Science, History, Geography, Philosophy, Sociology, or Anthropology.

8. B.Sc. candidates who undertake a Major in Economics shall complete at least 42 credit hours in courses in Economics of which:

a) 2010, 2020, 2550, 3000, 3001, and 3010 are obligatory

b) Six credit hours shall be chosen from either 3550 and 3551, OR 4550 and 4551

c) Eighteen credit hours shall be chosen from among the various Economics courses in consultation with the Head of the Department or delegate, and will include at least nine credit hours in courses at the 4000-level.

9. B.Sc. candidates must complete credits from other Science disciplines as follows:

a) Mathematics 1000, 1001, and 2050

b) Statistics 2510, or its equivalent, and an additional three credit hours of Statistics

c) Computer Science 1700, and an additional three credit hours of Computer Science

d) At least three credit hours in an additional science subject other than Mathematics/Statistics, Economics, and Computer Science

HONOURS IN ECONOMICS (B.A. or B.Sc.)

1. See the General Regulations for the B.A. and B.Sc. (Honours) Degrees.

2. All candidates shall consult with the Head of the Department or delegate when choosing courses for an Honours programme.

3. All candidates shall complete all non-Economics courses required of B.A. or B.Sc. Majors, and at least 60 credit hours in courses in Economics, of which 2010, 2020, 2550, 3000, 3001, 3010, 3011, 3550, 3551, 4550 and 4551 shall be chosen.

4. Twenty-four credit hours in electives in Economics shall be chosen in consultation with the Head of the Department or delegate, including at least nine credit hours in courses at the 4000-level. In addition, all Economics Honours candidates are required to write an essay.

MINOR IN ECONOMICS

1. Economics 2010, 2020, 3000, and 3010 are obligatory.

2. Twelve credit hours in Economics electives shall be chosen in consultation with the Head of the Department or Delegate.

3. Course prerequisites stipulated in the General Degree regulations and in the course descriptions shall apply to a Minor in Economics.

JOINT PROGRAMMES

Programmes for Joint Majors in Economics and Computer Science, Pure Mathematics, Applied Mathematics or Statistics are found under the heading Joint Programmes in the entry for the Faculty of Science.

Students who wish to take a Joint Major in Economics and Computer Science, Mathematics or Statistics must arrange their programme in consultation with the heads of the respective departments and comply with the General Regulations for the Majors Degrees.

MAJOR IN ECONOMICS (CO-OPERATIVE), (B.A. OR B.SC.)

Economics Co-operative Education Option (ECEO)

This Economics Programme is available to full-time economics majors (B.A. and B.Sc.) only.

The ECEO provides an excellent mutual opportunity for students and employers. Qualified students will obtain rewarding employment experience in fields related to Economics for several months of continuous duration. Students will learn valuable practical skills in an employment situation during their course of study. Furthermore, paid employment will help to defray the cost of their education. The timing of the Work Terms and the structure of the ECEO generally are such that employers stand to gain from the acquired employable skills of economists in training. The objectives of the Work Term component of the ECEO are embodied in the Work Term descriptions below. The descriptions serve to guide the student and the employer toward achieving these objectives.

A) Admission Requirements

1. Admission is competitive and selective. Therefore, prospective students are encouraged to consider an alternate degree programme in the event that they are not accepted into the Co-operative programme.

2. Applicants should note that it is possible to enter Term 1 only in the Fall semester commencing in September of each academic year. Application forms are available in the Department of Economics. The deadline for applications for admission to Term 1 is March 1.

3. The primary criterion used in reaching decisions on applications for admission is overall academic achievement. Students with weak overall academic records are unlikely to be admitted.

4. To be eligible for admission to Term 1 an applicant must have successfully completed a minimum of thirty credit hours with an overall average of at least 65% as follows: All applicants must have completed Economics 2010 and 2020; at least six credit hours in English*; Mathematics 1000; and 15 credit hours chosen from courses in the Faculties of Arts** or Science. B.Sc. Applicants must have completed Mathematics 1001.

*It is recommended that students complete English 1110. Critical Reading and Writing II (Context, Substance, Style) as one of these English courses. **It is also advised that B.A. students choose courses which can satisfy the requirements for the Core Programme (see Arts Degree Regulations for these requirements), including courses in a second language.

5. Students may apply for admission to Advanced Standing.

6. Transfer students from other universities will be placed in that term of the programme judged to be appropriate considering equivalent credits, as determined by the Department.

B) Programme of Study

1. Promotion from each of Terms 1 through 6 requires a passing grade in all specified required courses and an overall average of at least 60% in all courses including electives. A student who fails a required course or fails to maintain the overall average of 60% will not be promoted to the next term and will be required to withdraw from the programme. The student in question may apply for readmission in a subsequent year after passing the specified required course(s) previously failed, or re-establishing the 60% average.

2. In addition to the 30 credit hours required for admission, students are required to complete the six academic terms in the ECEO programme for a total of 120 credit hours. Students must complete three Work Terms which follow Academic Terms 3, 4 and 5.

3. Courses shall normally be taken in academic terms or "blocks" in the sequenced course load and order as set out in Table 1 - Academic Course Programme B.A. or in Table II -Academic Course Programme B.Sc. Unspecified credits may be used to fulfill elective requirements only.

TABLE 1 - ACADEMIC COURSE PROGRAMME B.A.


Term 1 (Fall)

Economics 3000 . Intermediate Micro Theory I
Economics 3550. Mathematical Economics I
Statistics 2500. Statistics for Business and Arts Students I
Six Credit Hours in Minor, Core and elective courses [See NOTES 1 and 2 below]

Term 2 (Winter)

Economics 3001. Intermediate Micro Theory II
Economics 3010. Intermediate Macro Theory I
Economics 2550. Economic Statistics and Data Analysis
Six credit hours in Minor, Core and elective courses [See NOTES 1 and 2 below]

Term 3 (Spring)

Three further credit hours in Economics courses
Twelve credit hours in Minor, Core and elective courses [See NOTES 1 and 2 below]

Work Term 1 (Fall)

Economics 299W

Term 4 (Winter)

Economics 3011. Intermediate Macro Theory II
Economics 4120. Applied Welfare Economics and Cost Benefit Analysis
Economics 4550. Econometrics I
Six credit hours in Minor, Core and elective courses [See NOTES 1 and 2 below]

Work Term II (Spring)

Economics 399W

Term 5 (Fall)

Economics 4551. Econometrics II
Three further credit hours in Economics courses
Nine credit hours in Minor, Core and elective courses [See NOTES 1 and 2 below]

Work Term III (Winter)

Economics 499W

Term 6 (Spring)

Six further credit hours in Economics courses

Nine credit hours in Minor, Core and elective courses [See NOTES 1 and 2 below]


NOTES: 1) Courses specified for admission to and completion of the ECEO only partially satisfy the Core Requirements for the Degree of Bachelor of Arts. Additional Core Requirements are six credit hours in the SAME second language, three credit hours in a Social Science course (other than Economics). 12 credit hours in Humanities courses, as well as six credit hours in research /writing courses (which may be met within the major and minor programmes and/or in courses completed for the Social Science and Humanities requirements). These additional requirements should be completed before and following admission to Term 1 as part of the Minor programme and elective components of the degree. Students are reminded that careful planning is necessary to ensure that all Core and minor requirements are satisfied.

2) A minor is required for a B.A. degree in economics.

TABLE II - ACADEMIC COURSE PROGRAMME B.SC.

Term 1 (Fall)

Economics 3000. Intermediate Micro Theory I
Economics 3550. Mathematical Economics I
Statistics 2510. Statistics for Physical Science Students
Computer Science 1700. Introduction to Computer Science
Three credit hours in elective courses [See NOTE1]

Term 2 (Winter)

Economics 3001. Intermediate Micro Theory II
Economics 3010. Intermediate Macro Theory I
Economics 2550. Economics Statistics and Data Analysis
Mathematics 2050. Linear Algebra
Three credit hours in elective courses [See NOTE 1]

Term 3 (Spring)

Six further credit hours in Economics courses
Nine credit hours in elective courses

Work Term 1 (Fall)

Economics 299W

Term 4 (Winter)

Economics 3011. Intermediate Macro Theory II
Economics 4120. Applied Welfare Economics and Cost Benefit Analysis
Economics 4550. Econometrics I
Three further credit hours in Statistics courses [See NOTE 2]
Three credit hours in elective courses [See NOTE 1]

Work Term II (Spring)

Economics 399W

Term 5 (Fall)

Economics 4551. Econometrics II
Three further credit hours in Computer Science courses [See NOTE 2]
Nine credit hours in elective courses [See NOTE 1]

Work Term III

Economics 499W

Term 6 (Spring)

Six further credit hours in Economics courses
Nine credit hours in elective courses [See NOTE 1]


NOTES: 1) Elective courses should be chosen with reference to the Regulations for the General Degree of Bachelor of Science, since courses specified for admission to and completion of the ECEO only partially satisfy these regulations. In particular note that (i) at least 78 credit hours (26 courses) in Science subjects are required and that (ii) at least three credit hours in an additional Science subject other than Mathematics/Statistics, Economics and Computer Science must be included in these Science courses.

2) The Statistics and Computer Science elective courses may both be taken in either Term 4 or 5.

4. General University Regulation D. clause 1 notwithstanding, students do not require special permission to register for courses while on work terms if the courses are in addition to the prescribed programme.

C. Work Term Placement

1. General management of the work terms in the ECEO is the responsibility of the Co-operative Education Services Centre (CESC). It is responsible for assisting potential employers to become involved in the programme, organizing competitions for Work Term employment, arranging student-employer interviews and facilities, data base management, and for the continual development of employment opportunities. The programme co-ordinator (hereafter referred to as co-ordinator) is an Academic Staff member who will work with the department to counsel students, visit students on their work assignments and evaluate the work term.

2. Work placement is not guaranteed but every effort is made to ensure that appropriate employment is made available. In the case of students who are required to withdraw from the programme, the CESC has no responsibility for placement until they have been re-admitted to the programme.

3. A student who applies for admission to the co-op programme gives permission to the University to provide a copy of the applicant's resume, university transcript and work term evaluations to potential employers.

4. A student who has been accepted to the ECEO programme may obtain his/her own work term placement outside the competition. Such employment positions must be confirmed by the employer, and must be approved by the co-ordinator.

5. Students are expected to submit, within a month from starting a Work Term, a plan of the intended work that term.

6. Salaries paid to co-operative students are determined by employers based on their internal wage structures, and tend to increase as the student progresses through the programme and assumes more responsibility. However, students should not expect the income from work terms to make them completely self-supporting.

D. Registration and Evaluation of Performance

1. In Work Terms I, II, and III, students must register for Economics 299W, 399W, and 499W respectively.

2. Student performance evaluations are to be completed by the employer and returned to the co-ordinator. The Work Term evaluations shall consist of two components:

a) On-the-job Student Performance:

Job performance shall be assessed by the co-ordinator in consultation with the department using information gathered during the Work Term and input from the employer towards the end of the Work Term. Formal written documentation from the employer shall be sought.

B) The Work Report:

i) Students are required to submit a Work Term report to the co-ordinator on the first day of final exams.

ii) Work Term reports shall be evaluated by a faculty member and the co-ordinator.

iii) If an employer designates a report to be of a confidential nature, both employer and the co-ordinator must agree as to the methods to protect the confidentiality of such a report before the report may be accepted for evaluation.

iv) Reports must contain original work related to the Work Term placement. The topic must relate to the work experience and will be chosen by the student in consultation with the employer. The topic must be approved by the co-ordinator or a faculty member of the Department of Economics.

Assessment of performance will result in the award of one of the following grades for the Work Term:

a) Pass with Distinction: Indicates EXCELLENT PERFORMANCE in both the work reports and the work performance.

b) Pass: Indicates that PERFORMANCE MEETS EXPECTATIONS in both the work reports and the work performance.

c) Fail: Indicates FAILING PERFORMANCE in the work reports or the work performance.

For promotion from the Work Term, a student must obtain at least a Pass.*

*a. Students should also refer to the General regulations of the University.

b. The grades awarded for each work term will be noted on the transcript of the student.

3. If a student fails to achieve the Work Term standards specified above the student will be required to withdraw from the programme. Such a student may reapply to the programme after a lapse of two semesters, at which time the student will be required to repeat the Work Term with satisfactory performance before being admitted to any further academic term in the Faculty. A given work term may be repeated only once, and not more than two work terms may be repeated in the entire programme.

4. In order to be considered for re-admission, students must formally apply for re-admission to the programme not later than the deadline date specified in Clause 2 of the Admission section A above.

5. A student who withdraws from a Work Term without acceptable cause subsequent to a job placement will be required to withdraw permanently from the Co-operative education programme. Students who drop a Work Term without prior approval from both the co-ordinator and the Head of the Department of Economics, or who fail to honour an agreement to work with an employer, or conduct themselves in such a manner as to cause their discharge from the job will normally be awarded a failed grade for the Work Term in question. Permission to drop a Work Term does not constitute a waiver of degree requirements, and students who have obtained such permission must complete an approved Work Term in lieu of the one dropped.


Last modified on May 10, 2001 by MaryJane Puxley

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