Honors Specialization in Global Economics

Western students are global in their backgrounds and interests; many pursue international careers. The Honors Specialization in Global Economics is a 4 year Honors Degree designed to give students a strong foundation in economics combined with the understanding of international issues and foreign cultures needed to operate effectively in our increasingly globalized world. This degree program provides a path to careers in areas such as international business, diplomacy, international law or government, and world affairs.

The program is also explicitly designed to allow and encourage study abroad on an international exchange program. Interdisciplinary study is encouraged, so that students can combine their studies in economics with courses in foreign language, society, and culture.

Main campus honors students may not enroll in any honors 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 this module will be assessed in May. Those who have not met the progression requirements at that time will have their registration changed. In order to progress the student must maintain average of 70% with no mark below 60% within their principle courses. Students enrolled in any Honors degree cannot fail any courses, otherwise they will be removed from the module.

Students planning to do graduate work in Economics 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 with no failures. Students must have an average of at least 70% with no mark less than 60% in 3.0 principal courses, including an average of at least 70% with no grades less than 60% in the following 1.5 courses: 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 1413. Please see department for details.)

(Note: Students entering this program before September 1, 2010, who have not completed Calculus 1000A/B or 1500A/B or the former Calculus 1100A/B may fulfill the math entry requirement with an average of at least 70% and no mark less than 60% in 1.0 course from the former 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.)

9.0 Courses:

3.0 courses normally taken in second year: Economics 2220A/B, 2221A/B, 2222A/B, 2223A/B, 2260A/B, 2261A/B*.
1.5 course normally taken in fourth year: Economics 4400E and Economics 3388A/B.
1.0 course in Economics at the 2200 or 3000 level with an F/G designation.
1.0 course in Economics with international or global content**.
1.0 course in non-English modern language at the 2200 level or above or in French at the 1900 level or above. Students with demonstrated prior language proficiency may substitute additional Economics courses at the 2200 or 3000 level to meet this requirement.
1.5 additional courses from: Economics at the 2200 level or above, Epidemiology 4615A/B, or a non-English modern language, or from an approved list of courses with international/global content.

*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 Statistics 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 anti-requisite to Economics 2222A/B must replace Economics 2222A/B with 0.5 course in Economics at the 2200 or 3000 level.

**The following Economics courses have international/global content: Economics 3311F/G, 3324F/G, 3325A/B, 3352A/B, 3353A/B, 3368A/B, 3369A/B, and 3398A/B. Special permission may be requested to count other courses towards this requirement. Courses can be double counted towards both the F/G and international/global course requirements. Consult with the department for details.

Students are encouraged to study abroad in an international student exchange program. Students may request permission to count courses in language, literature, culture or economics taken while studying abroad towards the program requirements.

Students who have completed (prior to enrollment in the module) Economics 2150A/B, 2151A/B, 2152A/B and 2153A/B with no mark less than 75%, and who have taken Calculus 1000A/B or the former Calculus 1100A/B with a mark of at least 60%, may enter the Global Economics Honors Specialization 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 no mark less than 75% may also be exempt from taking Economics 2222A/B and 2223A/B.

Students may combine this module with a module in language, literature or culture in the Faculty of Arts and Humanities but should note that the Faculty of Social Science does not allow credit overlap between modules.

Courses counted toward first-year requirements cannot be used to fulfill the course requirements of this module.

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