Mathematics and Economics

The Bachelor of Arts with Honours in Mathematics and Economics at Carleton University offers students a unique and comprehensive interdisciplinary education that combines rigorous mathematical analysis with a deep understanding of economic theories and practices. Designed for students who are passionate about quantitative reasoning and economic problem-solving, this program provides a solid foundation in both fields, enabling graduates to pursue careers in finance, government, research, or further academic study. The curriculum integrates core courses such as calculus, linear algebra, and probability theory with foundational economic principles including microeconomics and macroeconomics. Advanced courses delve into mathematical methods for economists, game theory, econometrics, and financial mathematics, providing students with practical tools to analyze complex economic data and models. Throughout their studies, students develop essential skills in critical thinking, data analysis, and quantitative reasoning, preparing them for the analytical demands of today’s data-driven economy. The program also offers opportunities for research projects, internships, and interdisciplinary collaboration, fostering a comprehensive understanding of the interconnectedness of mathematics and economics. With expert faculty and state-of-the-art resources, students are encouraged to engage in innovative research and explore emerging trends in economic analysis and mathematical modeling. The interdisciplinary nature of this program ensures graduates are well-equipped to adapt to various professional environments, whether in academia, industry, or government agencies. Graduates of the Honours Bachelor in Mathematics and Economics program will emerge with a versatile skill set, including advanced quantitative techniques, economic analysis, and problem-solving abilities, making them highly competitive in the global job market. Overall, this program aims to cultivate analytical minds capable of tackling complex economic issues through mathematical rigor and economic insight, opening doors to diverse career opportunities and further academic pursuits.

Program Content Description for Mathematics and Economics at Carleton University

The Bachelor of Arts in Mathematics and Economics at Carleton University offers a comprehensive interdisciplinary curriculum designed to equip students with a solid foundation in both quantitative mathematics and economic theory. This program aims to develop analytical and problem-solving skills essential for understanding complex economic systems and applying mathematical methods to real-world problems. Throughout the program, students engage deeply with core courses such as calculus, linear algebra, probability theory, and statistics, alongside foundational and advanced economic courses covering microeconomics, macroeconomics, and econometrics. The integration of these fields prepares graduates for diverse career paths including finance, public policy, research, and further academic study.

Students have the opportunity to explore specialized areas such as mathematical economics, game theory, behavioral economics, and financial mathematics, fostering a nuanced understanding of economic models and mathematical techniques. The curriculum emphasizes quantitative analysis, critical thinking, and the application of mathematical models to economic issues, encouraging students to develop strong research and data interpretation skills. In addition to coursework, students can participate in seminars, workshops, and collaborations with faculty involved in contemporary research topics, providing practical experiences and networking opportunities.

The program also offers flexible electives allowing students to tailor their education according to their interests, whether in advanced mathematics, international economics, environmental economics, or finance. Students are encouraged to undertake internships or co-op placements, gaining valuable industry experience and enhancing their employability upon graduation. Carleton University's location in Ottawa provides unique opportunities to connect with governmental agencies, research institutions, and private sector organizations, enriching the learning experience through real-world engagement.

Graduates of the Mathematics and Economics program are well-prepared for careers in finance, economic analysis, government policy, consulting, and academia. Many opt to pursue graduate studies or professional certifications for further specialization. The program's strong emphasis on quantitative skills combined with economic insight makes it a versatile and robust choice for students interested in a rigorous, interdisciplinary education that opens pathways to numerous professional opportunities.

This program is designed to be completed in four years of full-time study, with options for cooperative education and research projects. Students benefit from the university’s state-of-the-art facilities, including computer labs equipped with statistical and mathematical software, and access to extensive academic resources. By combining rigorous mathematical training with a thorough understanding of economic principles, Carleton University’s Mathematics and Economics program prepares graduates to excel in dynamic and evolving fields requiring precise analytical and strategic thinking capabilities.

Program requirements for the Bachelor of Arts (Honours) in Mathematics and Economics at Carleton University include completion of a minimum of 120 credit hours, which encompasses core courses, elective courses, and a research component. Students must successfully complete foundational courses in mathematics such as Calculus I, II, and III, Linear Algebra, Differential Equations, and Introduction to Mathematical Proofs. In addition, students are required to take core economics courses including Principles of Microeconomics, Principles of Macroeconomics, Intermediate Microeconomics, Intermediate Macroeconomics, and Econometrics. To ensure breadth of knowledge, students must also complete elective courses in related fields such as Statistics, Data Analysis, and Mathematical Modelling.

Program students must achieve a minimum cumulative grade point average (GPA) of 60% in all courses applicable to the program. There is an emphasis on quantitative skills; hence, proficiency in mathematics and economics is essential. Students are encouraged to participate in research projects, internships, or cooperative education opportunities, which are highly recommended but may have specific eligibility criteria. The program also mandates the completion of a capstone project or senior thesis, demonstrating the integration of mathematical and economic analysis.

In addition to coursework, students must meet language proficiency requirements if applicable, and adhere to the university’s academic policies. Students should consult with academic advisors regularly to ensure they are meeting all requirements and to tailor elective course selections to their career goals or research interests. For admission into the honours program, students generally need to demonstrate strong academic performance in mathematics and economics courses during their first year. Specializations or concentrations within the program can be pursued through a combination of required and elective courses, allowing students to develop expertise in areas such as financial mathematics, economic modelling, or data science. Overall, the program prepares students for careers in research, policy analysis, finance, and further graduate study in mathematics, economics, or related disciplines.

Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

The Finance specialization within the Mathematics and Economics program at Carleton University offers students a comprehensive understanding of financial theory and its applications in real-world scenarios. The program combines rigorous coursework in economics and mathematics with specialized courses in finance, equipping graduates with the analytical skills necessary for careers in banking, investment, risk management, and financial consulting. Tuition fees for domestic students are approximately CAD 7,500 per academic year, while international students pay around CAD 24,000 annually. Additional expenses include mandatory fees for student services, health insurance, and textbooks, which collectively amount to an estimated CAD 2,500 per year. Scholarships and bursaries are available for qualified students, potentially covering partial or full tuition, based on academic merit and financial need. Students are encouraged to explore funding opportunities through government grants, private sponsorships, and university-specific awards. Co-op options are available, providing paid work terms that enhance employability and provide practical finance experience, which can also offset costs. As a public university, Carleton provides various financial aid programs, including student loans and work-study opportunities, designed to support students throughout their studies. It is recommended that students plan their finances in advance, considering both the cost of tuition and living expenses in Ottawa, to manage their budgets effectively. International students should also account for visa application fees and compliance costs. Overall, financing a degree in Finance at Carleton involves a combination of personal savings, scholarships, government aid, and potential employment during the program, all contributing to a manageable investment in future career opportunities.

The Bachelor of Arts in Mathematics and Economics at Carleton University offers students a comprehensive education combining rigorous mathematical training with a thorough understanding of economic theories and applications. This interdisciplinary program is designed for students interested in developing strong quantitative skills while gaining insights into economic principles that influence policy, business, and government decisions. The curriculum typically includes foundational courses in calculus, linear algebra, and statistics, alongside specialized classes in microeconomics, macroeconomics, econometrics, and mathematical economics.

Students are encouraged to engage in advanced coursework that enhances their analytical thinking and problem-solving abilities, preparing them for diverse career paths or graduate studies in economics, finance, data analytics, or related fields. The program emphasizes the application of mathematical techniques to economic models, allowing students to analyze real-world economic data and develop predictive models. Throughout their studies, students may also have opportunities to participate in research projects, internships, or collaborative work with faculty members engaged in cutting-edge economic and mathematical research.

The program’s structure typically includes options for specialization or elective courses, giving students flexibility to tailor their education towards areas like financial economics, public policy, or applied mathematics. Carleton University's facilities support experiential learning, and students benefit from access to modern classrooms, computer labs equipped with relevant software, and various academic resources. Upon completion, graduates are well-prepared for careers in financial services, governmental agencies, consulting firms, or continued academic pursuits at the graduate level. The program's combination of theoretical foundations and practical applications ensures graduates possess both the conceptual understanding and technical skills necessary to succeed in competitive fields requiring quantitative and economic expertise.