Western University EconomicsWestern Social Science

Major in Financial Economics

The Major in Financial Economics Module, by itself, can be either a 3 or 4 year Degree. The Financial Economics Major can be combined with a Major in another subject in order to create an Honors Double Major Degree. For the purposes of progression and graduation, ALL Honors Economics courses taken shall be counted as principal courses, and the requirements for both majors must be met in order to graduate with an Honors Double Major.

Main campus students enrolled in a Major may not enroll in any honors level economics courses at an affiliated college, even if the course is not offered on main campus (special permission is not granted under any circumstances). Also, students enrolled at an affiliated college may not enroll in honors economic courses on main campus.

Progression in these modules will be assessed in May. Those who have not met the requirements at that time will have their registration changed.

Students planning to do graduate work in Economics, after completing an Honors Double Major Degree, are advised to consult the Department before selecting courses. Students are also advised to take intermediate to advanced Math courses as part of their electives in order to be competitive when applying to graduate school.

Scholarship eligibility is affected if courses are dropped. Students must have five full courses in the current year as well as in the previous year of study (summer courses are excluded).

Admission Requirements

Completion of first-year requirements, including the following 1.5 courses with an average of at least 70% and with no mark less than 60%: Economics 1021A/B and 1022A/B, or the former Economics 1020; and Calculus 1000A/B, or Calculus 1500A/B or the former Calculus 1100A/B. (Engineering students and Science students may substitute Economics 2001A/B, and Applied Math 1413A/B (Engineering only). Please see department for details.)

(Note: Students entering this program before September 1, 2010, who have not completed Calculus 1000A/B or 1100A/B may enter the program if they have an average of at least 70% and no mark less than 60% in Economics 1021A/B and 1022A/B, or the former Economics 1020, and in 1.0 course from: Linear Algebra 1600A/B, Mathematics 1225A/B, 1229A/B, the former Mathematics 030. Such students are required to complete Economics 2210A/B as part of the module requirements.)

Module (6.0 courses)

*Students who have taken a full or half course in introductory statistics at the 2100 level or higher in the Department of Statistical and Actuarial Sciences can substitute that course for Economics 2222A/B towards the module requirements. Exception: if the Statistis course is being used in another module, no credit overlap is allowed, and students are required to replace Economics 2222 with another 0.5 course in Economics at the 2200 level or higher. Students who have completed any other introductory statistics course listed as an antirequisite to Economics 2222A/B must replace Economics 2222A/B with 0.5 course in Economics at the 2200 or 3000 level.

**Students who are not counting  Economics 3310A/B towards their module may substitute up to a 0.5 course from the following list toward this requirement: Calculus 2502A/B, 2503A/B; any Mathematics course numbered 2100 or higher; Applied Mathematics 2402A, or the former Differential Equations 2402A, Applied Mathematics 2811B, 2813B, 3811A/B, 3813A/B, 3815A/B, 3911F/G, 4353B, 4613A/B, 4617A/B, 4815A/B, 4817A/B and Financial Modelling 3817A/B.

Students who have completed (prior to enrollment in the Module) Economics 2150A/B, 2151A/B, 2152A/B and 2153A/B with an average of 80% and no mark less than 75%, and who have taken Calculus 1000A/B or Calculus 1100A/B with a mark of at least 60%, may enter the Major and be exempt from taking Economics 2220A/B, 2221A/B, 2260A/B and 2261A/B. Students who have completed these requirements and have also completed Economics 2122A/B and 2123A/B with an average of 80% and no mark less than 75% will be exempt from taking Economics 2222A/B and 2223A/B. [Students who completed Economics 2150A/B, 2151A/B, 2152A/B and 2153A/B before September 2009 may request to be granted these exemptions based on the mark requirements described for this module in the Faculty of Social Science section of the 2008 Academic Calendar.]

Note: Students considering graduate study in economics or finance should take certain advanced economics courses and additional mathematics and are strongly advised to consult with the Undergraduate Coordinator.