Economics

The Economics program at Red Deer College is designed to provide students with a comprehensive understanding of economic principles, theories, and applications that are essential for analyzing various aspects of local, national, and global economies. This program offers a solid foundation in both microeconomics and macroeconomics, enabling students to understand how individual actions and government policies influence economic outcomes. Throughout the program, students will explore topics such as market structures, fiscal and monetary policies, international trade, economic development, and public finance. The curriculum emphasizes critical thinking, quantitative analysis, and problem-solving skills, preparing graduates for diverse careers in business, government, non-profit organizations, and further academic pursuits.

Students in the Economics program will have opportunities to engage in practical learning experiences through case studies, research projects, and internships, helping them apply theoretical knowledge to real-world economic issues. The faculty members are experienced professionals and researchers who are committed to supporting students' academic and professional growth. Whether students are seeking to deepen their understanding of economic concepts or aiming to develop the analytical tools necessary for decision-making, this program offers a supportive learning environment that fosters intellectual curiosity and critical analysis.

In addition to core economics courses, students may have the chance to explore related fields such as political science, business administration, and environmental studies, broadening their perspectives and enhancing their interdisciplinary understanding. The program prepares students to pursue further education in economics or related fields, or to enter the workforce equipped with the skills needed for data analysis, policy development, financial planning, and consulting. Graduates of the Economics program at Red Deer College are well-equipped to contribute effectively to understanding and solving economic challenges, making them valuable assets to employers across a wide range of sectors. With a focus on analytical thinking, ethical decision-making, and practical application, this program aims to develop competent and responsible economic professionals ready to meet the demands of a rapidly changing world.

The Economics program at Red Deer College offers students a comprehensive introduction to the fundamental principles and analytical tools used to understand how economies operate. Designed for those interested in exploring the complex interactions of markets, government policies, and global economic trends, this program provides a solid foundation in microeconomics, macroeconomics, and economic theory. Throughout the coursework, students will examine various economic models, develop critical thinking skills, and learn to apply quantitative methods to analyze real-world economic issues.

The curriculum covers a wide range of topics, including supply and demand analysis, market structures, consumer behavior, and the role of government in economic regulation. Students will also study macroeconomic concepts such as inflation, unemployment, fiscal and monetary policy, and international trade. These disciplines enable students to assess economic challenges, forecast economic trends, and propose informed solutions to economic problems across different sectors.

In addition to theoretical knowledge, the program emphasizes practical skills. Students engage in data analysis, economic research, and the use of statistical software, preparing them for careers in business, finance, government, and non-profit organizations. The program encourages critical thinking and problem-solving approaches, enabling graduates to interpret economic data effectively and communicate findings confidently.

Red Deer College's small class sizes and experienced faculty foster an engaging learning environment where students receive personalized instruction and mentorship. The program also offers opportunities for internship placements and cooperative education experiences, providing valuable insights into the practical applications of economics in various professional settings. Graduates of the program will be well-equipped to pursue further education in economics or related fields, or to enter the workforce with a strong foundation in economic principles and analytical skills.

Whether you are interested in examining the intricacies of global markets or seeking to understand local economic issues, the Economics program at Red Deer College offers a rigorous and rewarding educational experience. Prepare to develop your quantitative skills, expand your understanding of economic theory, and gain critical insights into the economic forces shaping our world.

Program Requirements for the Economics Diploma at Red Deer College:

To successfully complete the Economics diploma program at Red Deer College, students must fulfill a series of academic and program-specific requirements designed to provide foundational knowledge in economic theory, quantitative methods, and real-world applications. The program typically requires students to earn a minimum of 60 credits, which include core courses, electives, and capstone experiences.

Students are expected to complete introductory courses in economics, including Microeconomics and Macroeconomics, which establish fundamental principles of supply and demand, market structures, aggregate economic indicators, and fiscal and monetary policy. Advanced coursework may include subjects such as International Economics, Money and Banking, and Economic Policy Analysis. Quantitative skills are emphasized, with courses in Statistics for Business, Quantitative Methods, and Data Analysis designed to equip students with critical analytical tools.

In addition to coursework, students are often required to engage in practical experiences, such as internships or cooperative education placements, to connect theoretical knowledge with industry practices. The program promotes development of critical thinking, research skills, and effective communication, with assignments including research papers, presentations, and group projects.

Program regulations stipulate maintaining a minimum grade point average for continued enrollment and graduation eligibility. Students must also meet any prerequisite courses for advanced classes and complete a capstone project or comprehensive exam to demonstrate mastery of economic principles and their applications. Elective courses allow students to explore specialized areas such as environmental economics, behavioral economics, or economic development, tailoring their education to specific interests.

In summary, the Economics diploma at Red Deer College prepares students for careers in business, government, or further education through a comprehensive curriculum combining theory, quantitative methods, practical applications, and research. Meeting the credit requirements, maintaining satisfactory academic progress, and completing required coursework and projects are essential steps toward program completion.

The Financial aspects of the Economics program at Red Deer College are designed to be accessible and transparent to prospective students. Tuition fees for domestic students are approximately CAD 4,000 per year, with additional fees for international students significantly higher, around CAD 15,000 annually. These costs cover instruction, access to campus facilities, and academic resources. Students are encouraged to explore various funding options to finance their studies, including government loans, scholarships, and bursaries offered by Red Deer College. The college provides detailed information on eligibility criteria and application procedures for these financial aid opportunities.

Apart from institutional assistance, students are advised to consider external scholarships and sponsorship programs, some of which are specifically aimed at students pursuing Economics or related fields. Part-time work opportunities on campus and nearby communities allow students to offset their expenses while gaining relevant work experience. Financial planning is emphasized during orientation sessions, where students receive guidance on budgeting and managing expenses throughout their studies. Payment plans are available to help students spread out tuition costs over the academic year, reducing financial burden and promoting academic focus.

Moreover, students enrolled in the program may be eligible for federally or provincially funded grants, depending on their residency status and economic background, which can further reduce the overall cost of education. Red Deer College also offers guidance on student loans through the Canada Student Loans Program, providing manageable repayment options after graduation. Overall, while the exact cost of attendance varies based on individual circumstances, the college strives to make Economics education affordable and financially manageable through a combination of institutional resources and external funding opportunities, ensuring students have the necessary support to complete their studies successfully.

The Economics program at Red Deer College offers students a comprehensive foundation in economic theory and applied economics, preparing graduates for various career opportunities or further education. The program emphasizes critical thinking, quantitative analysis, and understanding of market mechanisms, international trade, and economic policy. Students engage with courses in microeconomics, macroeconomics, statistics, and research methods, fostering analytical skills essential for interpreting economic data and making informed decisions in business and government sectors. The curriculum is designed to provide both theoretical knowledge and practical experience through case studies, projects, and internships, facilitating real-world application of economic concepts. Graduates of the program often pursue careers in areas such as finance, government agencies, non-profit organizations, or continue their education at universities. The program is delivered on-campus, with experienced faculty members dedicated to student success and research. Additionally, Red Deer College supports students with academic resources, tutoring, and career services to enhance their learning experience and employment prospects. Although the program is primarily designed as a transfer pathway to bachelor's degrees, it also offers foundational skills for immediate employment in entry-level positions in economic analysis and related fields. The program fosters a collaborative learning environment and encourages participation in seminars, workshops, and networking events relevant to economics. Students are also encouraged to develop strong written and oral communication skills alongside their analytical capabilities. With the growing importance of economic understanding in today's globalized world, the Economics program at Red Deer College aims to equip students with the knowledge, skills, and confidence necessary to succeed in diverse economic and business contexts.