Economics

The Bachelor of Economics program at Carleton University offers students a comprehensive education in the principles, theories, and analytical tools essential for understanding how economies function at local, national, and global levels. This program is designed to develop a solid foundation in economic theory, quantitative methods, and policy analysis, preparing graduates for diverse careers in government, business, academia, and the non-profit sector. Throughout their studies, students explore various areas of economics, including microeconomics, macroeconomics, econometrics, and international economics, gaining the critical thinking and problem-solving skills necessary to analyze complex economic issues. The program emphasizes empirical research, data analysis, and effective communication of economic findings, equipping students with practical skills applicable in various professional contexts. Students also have opportunities to tailor their education through elective courses and specialized tracks, such as environmental economics, health economics, or development economics, aligning their studies with their career interests. The program fosters a rigorous academic environment, with small class sizes and close interaction with faculty members who are active researchers and practitioners in their fields. Additionally, students benefit from Carleton University’s strong connections to government agencies, research institutions, and industry partners, providing valuable internship and networking opportunities. Graduates of the Bachelor of Economics program are well-prepared to pursue further education in economics or related disciplines, enter competitive job markets, or engage in policy-making roles that require deep economic insight. With a focus on analytical proficiency, ethical considerations, and real-world applicability, the program aims to produce economics graduates capable of making informed decisions and contributing meaningfully to society’s economic development.

The Bachelor of Economics program at Carleton University offers students a comprehensive foundation in economic theory, quantitative methods, and applied economics. Designed to prepare students for a wide range of careers in government, business, and non-profit sectors, the program emphasizes critical thinking, analytical skills, and an understanding of contemporary economic issues. Students will explore microeconomics and macroeconomics, gaining insights into how individuals, firms, and governments make decisions and influence economic policies. The curriculum incorporates mathematical modeling, statistical analysis, and data interpretation to equip students with strong analytical capabilities essential for research and policy analysis.

Throughout the program, students have opportunities to specialize in areas such as international economics, public policy, environmental economics, or financial economics, tailoring their education to their career interests. The program also encourages experiential learning through internships, co-op placements, and collaborative research projects with faculty members, providing practical experience and professional networking opportunities. Carleton’s Department of Economics is renowned for its research excellence and active faculty involvement, which enriches the learning environment and ensures that students are engaged with current economic debates and policy challenges.

Additional coursework in ethics, communication, and policy analysis helps students develop the skills necessary to effectively communicate complex ideas to diverse audiences and influence decision-making processes. The program culminates in a capstone project where students synthesize their knowledge, undertake independent research, and present their findings. Graduates of the Bachelor of Economics program are well-prepared for graduate studies or a broad range of careers in economic analysis, consulting, government agencies, international organizations, and beyond. With a well-rounded curriculum, dedicated faculty, and numerous experiential learning options, the program aims to foster innovative thinking, analytical rigor, and a deep understanding of economic principles essential for addressing the pressing issues of today and tomorrow.

Program Requirements for Bachelor of Arts in Economics at Carleton University

Admission Requirements: Applicants must have completed the Ontario Secondary School Diploma (OSSD) or equivalent with a minimum overall average that satisfies the program's competitive criteria. A strong background in mathematics is recommended, including courses such as Principles of Mathematics, Advanced Functions, and Calculus. English language proficiency must be demonstrated through tests like TOEFL or IELTS if applicable.

Prerequisite Subjects: Prospective students should have completed at least six Grade 12 U/M courses, including English. Although specific mathematics prerequisites are preferred, applicants with a demonstrated aptitude in quantitative subjects may also be considered.

Course Components: The Economics program at Carleton University typically requires the completion of core courses in microeconomics and macroeconomics. These foundational courses are designed to develop students' understanding of economic theory and its applications. Additionally, students are expected to take quantitative courses such as introductory and intermediate statistics and calculus to build necessary analytical skills.

Electives and Specializations: Beyond the core curriculum, students can choose electives from various fields including international economics, development economics, public sector economics, and environmental economics. There are also opportunities to engage in interdisciplinary courses that complement economic studies.

Honours Degree Criteria: To graduate with an Honours Bachelor of Arts in Economics, students must complete a minimum number of credits, including all required core courses, electives, and a senior seminar. Maintaining a specified minimum GPA, generally around 60-65%, is necessary throughout the duration of the program.

Cooperative Education (Co-op): Most programs in economics at Carleton offer a co-op component, allowing students to gain practical experience through work placements. To participate, students typically need to meet certain academic standards and apply early in their studies.

Additional Requirements: Participation in seminars, workshops, and research projects is encouraged to enhance learning. Some specialized courses may require prerequisites such as prior coursework in mathematics or statistics. Capstone projects or thesis work may also be part of the final-year requirements, aiming to synthesize students’ knowledge and research skills.

Language of Instruction: All coursework and exams are conducted in English. Non-native English speakers are required to meet the university's language proficiency standards.

Internship and Fieldwork: Depending on the field of specialization, students may have opportunities for internships, fieldwork, or study abroad programs, which are highly recommended to augment theoretical knowledge with practical experience.

Academic Advising: Students are advised to consult with academic advisors regularly to ensure they meet all program requirements, select appropriate courses, and plan their academic trajectory effectively.

Note: Exact details may vary slightly depending on the year of entry and specific program modifications. Students are advised to consult the official Carleton University Economics Department webpage or contact academic advising for the most current and detailed information.

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The Financing component of the Economics program at Carleton University is designed to provide students with a comprehensive understanding of financial principles, economic theory, and quantitative methods relevant to financial markets and institutions. The program's curriculum emphasizes the development of analytical skills necessary for assessing economic and financial data, understanding market dynamics, and making informed financial decisions. Students gain knowledge in areas such as corporate finance, investment analysis, financial economics, and risk management, equipping them with practical skills applicable in various financial sectors including banking, investment firms, government agencies, and private corporations. The program integrates theoretical coursework with practical applications, encouraging students to engage with real-world financial problems through case studies, simulations, and research projects. Carleton University's Economics program also offers opportunities for experiential learning, including internships and cooperative education placements, which facilitate valuable industry experience and networking opportunities. The program's faculty members are experts in their fields, often involved in cutting-edge research that informs their teaching, ensuring students receive current and relevant instruction aligned with industry standards. Financial support options such as scholarships, bursaries, and work-study programs are available to help students manage the costs of their education. Additionally, the university provides resources such as career services, seminars, and workshops to assist students in developing their professional skills and exploring career paths in finance. Overall, the Financing studies component is integrated into the broader Economics program to prepare graduates for successful careers in finance, investment analysis, economic research, and related fields, emphasizing both theoretical understanding and practical skills necessary for success in today's dynamic financial environment.

The Bachelor of Arts (Honours) in Economics at Carleton University offers students a comprehensive education in economic theory, quantitative methods, and applied economics. The program is designed to equip students with analytical and problem-solving skills essential for understanding complex economic issues and for careers in government, private sector, non-profit organizations, or further academic study. Students gain a solid foundation in microeconomics, macroeconomics, econometrics, and various specialized fields such as international economics, public economics, and development economics.

The curriculum includes core courses in economic principles, mathematical analysis, and data analysis, alongside electives that allow students to tailor their studies to their interests and career goals. Emphasis is placed on developing critical thinking, economic modeling, and research skills through coursework and projects. The honours program typically requires completing a honours thesis or research project, providing students with valuable experience in academic research and writing.

Carleton University’s Department of Economics boasts experienced faculty members who are active researchers in their fields, offering students opportunities for mentorship and involvement in research activities. The program often encourages internships, co-op placements, or experiential learning to give students practical experience and industry connections.

Graduates of the program are well-prepared for diverse career paths such as economic analysis, policy advising, financial services, consulting, or pursuing graduate studies. The program also emphasizes the importance of ethical understanding and social responsibility in economic decision-making. Students benefit from the university’s strong ties with government agencies, research centers, and industry partners, facilitating networking and career development.

Admission requirements typically include a high school diploma with competitive grades in relevant coursework, particularly mathematics and economics. The program duration for a full-time student is generally four years for an honours degree, with options for part-time study or supplementary coursework. The department provides academic advising and support services to help students succeed academically and professionally.

Overall, the honours program in Economics at Carleton University is designed to develop versatile, well-informed economists capable of analyzing and responding to economic challenges at local, national, and international levels.