Economics

Apply economic theory and communications skills to problem-solve some of today’s issues.

Economists study the problem of decision-making using a scientific approach.

We systematically explore economic problems both by developing theories and examining data. At Laurentian, we offer a specialization in economics for students wishing to explore economics in depth, including students who might wish to pursue graduate studies upon completion of their BA degree.

We also offer a major in economics for students who wish to combine the study of economics with that of other subjects such as geography, environmental science or studies, mathematics, history, or political science.

For students who wish to enrol in another program, we offer a concentration, and we offer a minor in economics for students in Social Sciences, Commerce, Sports Administration, and other programs for those who wish to learn the basics of economics while focusing on another subject.

Academic Advisor

Sadequl Islam

Telephone: 705.675.1151 ext 4264

Email: Sislam@laurentian.ca

Office: A-331, Arts Building Sudbury Campus

How to Apply
Laurentian University aerial view
By land area, Greater Sudbury is the largest city in Ontario and as such, the great outdoors beckon with its vast expanse of lakes and waterways, varied terrain, forests and comprehensive network of trails.
Delivery Method: On campus
Program Language: English

Program Highlights:

  • We offer quality teaching for undergraduates. The norm for instructors in our Department is that they have PhD’s in economics and many years of teaching experience.

  • We offer opportunities for our students to gain valuable experience as teaching and research assistants within the Department.

  • Various scholarships are available for students studying economics.

  • We have an active Economics Student Association that organizes social and networking events for students such as lunches, movie evenings, curling bonspiels and economics student conferences.

  • We offer regularly scheduled tutorial office hours three days per week to allow economics student to obtain tutorial assistance from senior students with any of their courses.

  • Economics faculty are interested in applied economics and economic policy, not just in theory.

  • Our faculty have a wide range of research interests including macroeconomics, labour economics, financial economics, international and comparative economics, alternative economic theories, resource economics, and the economies of Canada and northern Ontario.

 

Economics is the social science discipline that makes the most use of models to understand the world around us. It appeals to anyone who appreciates clear thinking and attention to quantitative evidence. It provides excellent preparation both for employment and for your role as a citizen.

At Laurentian we offer a specialization in economics for students wishing to explore economics in depth, including students who might wish to pursue graduate studies upon completion of their BA degree.

We also offer a major in economics for students who wish to combine the study of economics with that of other subjects such as geographyenvironmental science or studiesmathematicshistory, or political science

For students wishing to obtain a BA degree with the minimum number of credits, we offer a concentration, and we offer a minor in economics for students in commerce, sports administration, engineering, social sciences, and other programs who wish to learn the basics of economics while focusing on another subject.

Ontario High School Applicants

1 grade 12 English U/M course

5 other grade 12 U/M courses 

A minimum overall average of 70% in the 6 best grade 12 U/M courses


Additional information for applicants who have completed Advanced Placement courses.

Additional information for applicants who have completed the International Baccalaureate.

 

Applicants from outside an Ontario High School 

International Students

Canadian High School Applicants from outside Ontario

Applicants from Colleges

Applicants from other Universities

Mature Students

For Current Students

The degree options listed below are for the upcoming academic year, not the current academic year. If you are a current student looking for which courses to take in order to complete your degree options from a previous academic year's curriculum, please consult with an academic advisor.


Bachelor of Arts (Honours) in Economics

Total 120 credits

Students must follow these regulations in order to meet graduation requirements for the BA or B.Sc.

 

Specialization in Economics 

All students entering a BA program as of September 2017 are required to take 6 credits each of linguistic awareness, scientific literacy and indigenous content as per the regulations.

Although the requirements have been slotted in first year in the description below, students may fulfill them at any time during their studies.

Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.

Courses fulfilling these requirements may be taken as electives or as part of a minor, concentration, major or specialization. 

First Year

ECON 1006E     Introduction to Microeconomics
ECON 1007E     Introduction to Macroeconomics
6 elective credits of linguistic awareness (see regulations)
6 elective credits in the Sciences
6 elective credits in Indigenous content (starting 2017)
6 elective credits

 

Second Year

ECON 2106E     Intermediate Microeconomics I

ECON 2107E     Intermediate Macroeconomics I

ECON 2127E     Introduction to the Mathematical Treatment of Economics

ECON 2136E     Statistical Methods for Economics

6 additional credits in Economics

12 elective credits

 

Third Year

ECON 3106E     Intermediate Microeconomics II

ECON 3107E     Intermediate Macroeconomics II

ECON 3466E     Introduction to Econometrics

6 additional credits in Economics at the 3000 or 4000 level#

3 additional credits in Economics

12 elective credits

 

Fourth Year

ECON 4106E     Advanced Microeconomic Theory

ECON 4107E     Advanced Macroeconomic Theory

9 additional credits in Economics at the 3000 or 4000 level#

3 additional credits in Economics

12 elective credits

 

# ECON 3476, ECON 4066, and ECON 4076 are strongly recommended for students considering graduate programs in Economics.

 

Note:    Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.

 

Major in Economics 

ECON 1006E     Introduction to Microeconomics

ECON 1007E     Introduction to Macroeconomics

ECON 2106E     Intermediate Microeconomics I

ECON 3106E     Intermediate Microeconomics II

ECON 2107E     Intermediate Macroeconomics I

ECON 3107E     Intermediate Macroeconomics II

ECON 2127E     Introduction to the Mathematical Treatment of Economics

3 credits from:*

     STAT 1056E     Business Statistics

     STAT 2126E     Introduction to Statistics

     ECON 2136E     Statistical Methods for Economics

9 additional credits in Economics at the 3000 or 4000 level

9 additional credits in Economics

78 elective credits#

Notes:

  • Students must include 6 credits in linguistic awareness, 6 credits of Indigenous content, and 6 credits in the Sciences if not part of the other minor or second major. Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.
  • Students must complete a minimum of a minor (24 credits) or a second major (42 credits) from among their elective credits.
  • Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.
  • Students may not receive credit for both STAT 1056 and STAT 2126. Although not required in the major, ECON 2136 is highly recommended.

 

Bachelor of Arts (General) in Economics

Total 90 credits

Students must follow these regulations in order to meet graduation requirements for the BA or B.Sc.

 

Concentration in Economics 

All students entering a BA program as of September 2017 are required to take 6 credits each of linguistic awareness, scientific literacy and indigenous content as per the regulations.

Although the requirements have been slotted in first year in the description below, students may fulfill them at any time during their studies.

Eligible courses are available at the 1000, 2000, 3000 and 4000 levels and students should take them at the appropriate time in their studies.

Courses fulfilling these requirements may be taken as electives or as part of a minor, concentration, major or specialization. 

First Year

ECON 1006E     Introduction to Microeconomics
ECON 1007E     Introduction to Macroeconomics
6 elective credits of linguistic awareness (see regulations)
6 elective credits in the Sciences
6 elective credits in Indigenous content (starting 2017)
6 elective credits

 

Second Year

ECON 2106E     Intermediate Microeconomics I

ECON 2107E     Intermediate Macroeconomics I

ECON 2127E     Introduction to the Mathematical Treatment of Economics

3 credits from:*

     STAT 1056E     Business Statistics

     STAT 2126E     Introduction to Statistics

     ECON 2136E     Statistical Methods for Economics           

18 elective credits

 

* Students may not receive credit for both STAT 1056 and STAT 2126. Although not required in the three year program, ECON 2136 is highly recommended.

 

Third Year

ECON 3106E     Intermediate Microeconomics II

ECON 3107E     Intermediate Macroeconomics II

12 additional credits in Economics of which 6 credits must be at the 3000 or 4000 level

12 elective credits

 

Note:    Students may not exceed 42 credits at the 1000 or 9100 level in their degree program.

 

Minor in Economics 

ECON 1006E     Introduction to Microeconomics

ECON 1007E     Introduction to Macroeconomics

ECON 2106E     Intermediate Microeconomics I  OR  ECON 3106E     Intermediate Microeconomics II

ECON 2107E     Intermediate Macroeconomics I  OR  ECON 3107E     Intermediate Macroeconomics II

6 credits in Economics at the 3000 or 4000 level

6 additional credits in Economics

 

Year:

ECON-1006EL - Introduction to Microeconomics ECON-1007EL - Introduction to Macroeconomics ECON-2026EL - Introduction to Urban Economics ECON-2027EL - Introduction to Regional Economics ECON-2057EL - Environmental Economics and Policies ECON-2076EL - Introduction to Health Economics ECON-2086EL - Canadian Economic Problems and Policies I ECON-2087EL - Canadian Economic Problems and Policies II ECON-2106EL - Intermediate Microeconomics I ECON-2107EL - Intermediate Macroeconomics ECON-2127EL - Introduction to the Mathematical Treatment of Economics ECON-2136EL - Statistical Methods for Economics ECON-2206EL - Sports Economics ECON-2266EL - Strategic Thinking I: Introduction to Non-Cooperative Game Theory ECON-2267EL - Strategic Thinking Ii: Introduction to Cooperative Game Theory STAT-2126EL - Introduction to Statistics ECON-3016EL - Public Finance I ECON-3017EL - Public Finance II ECON-3035EL - The Economics of Education and Human Capital ECON-3046EL - Labour Economics I ECON-3056EL - Economics of Natural Resources ECON-3066EL - Economics of Finance I
ECON-3067EL - Economics of Finance II ECON-3076EL - Money and Financial Markets ECON-3086EL - Cases in the Evaluation of Health Care ECON-3106EL - Intermediate Microeconomics II ECON-3107EL - Intermediate Macroeconomics II ECON-3216EL - Introduction to the Chinese Economy ECON-3236EL - Marxist Economic Theory ECON-3237EL - Comparative Economic Systems ECON-3436EL - History of Economic Thought I ECON-3437EL - History of Economic Thought II ECON-3446EL - International Trade ECON-3447EL - International Finance ECON-3466EL - Introduction to Econometrics ECON-3476EL - Mathematical Economics ECON-4066EL - Econometrics ECON-4085EL - Honours Thesis ECON-4097EL - Advanced Cost Benefit Theory and Practice ECON-4106EL - Advanced Microeconomic Theory ECON-4107EL - Advanced Macroeconomic Theory ECON-4916EL - Selected Topics I ECON-4917EL - Selected Topics II ECON-4986EL - Directed Readings

In the news

  • Louis-Philippe Rochon just had 2 papers published:

    "Public Banking and Post-Keynesian Economic Theory", International Journal of Political Economy", 48 (1), 2019, pp. 60-75.

    and

    The Relationship between Inflation and Unemployment: a critique of Friedman and Phelps", Review of Keynesian Economics, 6 (4), October, 2018, pp. 533-544.

  • Louis-Philippe Rochon is giving a talk on 'Monetary Policy and Income Distribution' at the University of Rome 3, on May 10, 2019

  • Louis-Philippe Rochon is visiting Professor of Economics at the University of Bergamo, Italy, from April 15-May 15, during which time, he will be giving three talks.

  • Louis-Philippe Rochon's new book, Finance, Growth and Inequality: Post-Keynesian Perspectives (Edward ELgar Publishing; co-edited) is scheduled to be out soon.

  • Brian MacLean and Louis-Philippe Rochon participated in the annual meeting of the American Economic Association in Atlanta Georgia, January 3-6, 2019.

  • Louis-Philippe Rochon has just received a generous grant from the Social Sciences and Humanities Research Council (SSHRC) to host a conference on 'The Future of Central Banking,' May 26-28, 2019.

  • On October 4-5, 2018, Hassan Bougrine and Louis-Philippe Rochon organised a workshop on campus entitled “The Political Economy of Income Distribution”, which was attended by scholars from Toronto, Ottawa and Gatineau universities. 

  • Hassan Bougrine received a LURF grant in 2018 for the translation of his book "The Creation of Wealth and Poverty: Means and Ways" into Arabic, "Assubulu wa lmunaa fi sinaa?t al fakr wa lghina", through the Center for Arab Unity Studies, Beirut, Lebanon.

  • Louis-Philippe Rochon has received a LURF grant to translate his "Introduction to Macroeconomics" into Polish.

  • Brian MacLean, Hassan Bougrine and Louis-Philippe Rochon are putting finishing touches on their book "Employment in the Age of Austerity" (Edward Elgar Publishing).

  • Louis-Philippe Rochon has just sent in his latest book, entitled " Finance, Growth and Inequality: Post-Keynesian Perspectives" (Edward Elgar Publishing)

  • Hassan Bougrine and Louis-Philippe Rochon are in the process of finishing a book on "A Short History of Economic Thought" (Edward Elgar Publishing).

  • Hassan Bougrine and Louis-Philippe Rochon are finishing up two books in honour of Marc Lavoie and Mario Seccareccia, entitled "Money and Crisis in Post-Keynesian Economics: Essays in honour of Marc Lavoie and Mario Seccareccia, Book I", and "Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics: Essays in honour of Marc Lavoie and Mario Seccareccia, Book II" (Edward Elgar Publishing).

  • Louis-Philippe Rochon was invited by the Young Scholars Initiative (Institue for New Economic Thinking) to give a talk on "The General Theory of Debt, Money and Income", February 28, in New York.

  • Louis-Philippe Rochon is participating in the Easter Economic Association conference in New York, February 28-March 3. He will be presenting a paper on monetary policy and income distribution.

 

       Sessional Faculty

  • Noreen Russell
  • Mehdi Ben Guirat
Hassan Bougrine

Hassan Bougrine

Department of Economics
Charles Daviau

Charles Daviau

Faculty of Arts
Byron Eastman

Byron Eastman

Department of Economics
Akhter Faroque

Akhter Faroque

Department of Economics
Sadequl Islam

Sadequl Islam

Department of Economics
David Leadbeater

David Leadbeater

Department of Economics
Brian MacLean

Brian MacLean

Department of Economics
Corinne Pastoret

Corinne Pastoret

Department of Economics
Louis-Philippe Rochon

Louis-Philippe Rochon

Department of Economics