Gain insight into critical business topics such as strategic competition, the internal organization of firms and international issues facing businesses in the changing global marketplace.
Business Economics combines economic theories with the field of business administration. This field of study is concerned with the study and consequences of scarcity and strategic competition. Individuals, households, businesses and nations all experience some level of scarcity in that they do not possess all the resources to satisfy all their wants and needs. Decisions have to be made to balance those scarce resources in order to improve what can be achieved with them.
The Business Economics program is concerned with how:
- these decisions are made;
- the resources of a nation or business are allocated and utilized in the production of goods and services; and
- the rewards of these activities are distributed.
You will become acquainted with all the activities which illustrate the practical nature of the subject, such as commercial reports, articles in newspapers and periodicals and examples from daily life. This program integrates aspects of economics and business studies, focusing on the use of economic analysis and statistical methods to deal effectively with management problems in practical business fields. By applying economic theory to business management, you will become familiar with the analytical and decision-making techniques used in the business world and with the public and private institutional environments within which businesses operate.
Students who take our Marketing & Consumer Economics course work on a real-world market consulting project which gives them the opportunity to develop a full marketing plan for an outside organization.
Selected courses are accredited by the Chartered Professional Accountants of Ontario (CPA).
Sample First-year Schedule
- Introduction to Microeconomics
- Introduction to Macroeconomics
- Introductory Mathematics for Economists I and II
- Humanities or Social Science general education course
- Natural Science general education course
- Course outside the major
Possible Career PathsExplore what you can do with your degree
- financial analyst
- strategic planner
You are required to provide official evidence of academic achievement in secondary education. This can be demonstrated through:
- Final grades under the Ontario curriculum (obtained through correspondence, night school or through TVO)
- Credentials through other curricula, such as results from Advanced Placement (AP) or Advanced-level courses in the General Certificate of Education (GCE). (Students may register to sit for the AP and GCE examinations as private candidates.)
In the absence of final grades in courses:
- You must submit the results of standardized tests such as the Scholastic Aptitude Test (SAT) with a minimum combined total of 1170 on the Critical Reading and Math components or a composite American College Testing (ACT) score of 24.
- Your application will be reviewed by an admissions sub-committee. If admitted, you will not be eligible for entrance scholarships. You will be considered for continuing student scholarships at the end of your first year of study, if you satisfy those criteria.
You may also be required to provide proof of language proficiency. You will be considered for entrance scholarships on the basis of your overall averages in the six 4U/4M (Ontario curriculum) or equivalent courses.
We are adding to our database of admission requirements by country. Please check back in October for additional admission requirements by country. General requirements are currently available by country — note that program-specific requirements may apply in addition to general requirements.