Why Economics?


Why should students graduating high school consider majoring in or studying economics? Read here.

What is economics?

Economics is a versatile field that deals with analysis and management of production, distribution and consumption of goods and services. Our Department of Economics offer applied economics courses in a wide variety of areas, including fishery, petroleum and mining, forestry, environmental, development, international, monetary, public sector, welfare, labor and health economics.

What do economists do?

Dr. Nahid Masoudi and student Devin explain why economics is a great discipline to study at Memorial.

What do economists study? Some sample courses include:
  • ECON 3030 International Economics - Issues and Problems in a Canadian Context; an intermediate course in international economics. The course covers the theory of comparative advantage, the structure and policy issues of the Canadian balance of payments, the foreign exchange market and the institutional aspects of international commerce.
  • ECON 3070 The Structure and Problems of the Newfoundland and Labrador Economy; an analysis of the structure of the economy of Newfoundland and Labrador. Basic economic theory will be applied to current economic issues and problems in Newfoundland and Labrador.
  • ECON 3140 Economic Analysis in Health Care; evaluates the role of economic analysis to health and medical care. Topics in the application of cost effectiveness analysis [and cost-benefit analysis] to health care programs, as well as comparisons of the Canadian experience with other health care systems will be discussed.

What kind of jobs do economics grads get?

Ann Blackmore is a commercial advisor at Chevron Canada. Her job includes large negotiations on behalf of Chevron, developing analytical models for key business activities and operational management of the transportation and transshipment of Chevron crude. Read more about Ann and other economics department graduates.