Economics Major (Arts Program) - ASMAJ1478

This is a limited enrolment program. Students must have completed 4.0 credits and meet the requirements listed below to enrol.

Completed courses (with minimum grades)
The following courses with the stated minimum grades are required:

• ( ECO101H1 (63%), ECO102H1 (63%))/ ECO105Y1 (80%)
MAT133Y1 (63%)/( MAT135H1 (60%), MAT136H1 (60%))/ MAT137Y1 (55%)/ MAT157Y1 (55%)

Students in this program have the option to request enrolment in the Arts & Science Internship Program (ASIP) stream. Students can apply for the ASIP stream after Year 1 (Year 2 entry) or after Year 2 (Year 3 entry, starting Fall 2024). Full details about ASIP, including student eligibility, selection and enrolment, are available in the ASIP section of the Arts & Science Academic Calendar. Please note that the majority of students enter ASIP in Fall term of Year 2. Space is more limited for Year 3 entry and there are program-specific year 3 entry enrolment requirements. Students applying for Year 3 entry must have been admitted to the Economics Major in the Summer after Year 2 and have completed the following courses prior to ASIP entry, with the posted minimum grades: ECO200Y1(60%) or ECO206Y1(50%), ECO220Y1(60%) or ECO227Y1(50%) or STA237H1(60%), STA238H1(60%) or STA247H1(60%), STA248H1(60%) or STA257H1(50%), and STA261H1(50%). Economics Major students also enrolled in Rotman Commerce are not eligible to join the ASIP stream.

Program Course Requirements: 7.0 credits

First Year (2.0 credits):

  1. ( ECO101H1, ECO102H1)/ ECO105Y1;
  2. MAT133Y1/​( MAT135H1, MAT136H1)/ MAT137Y1/​ MAT157Y1

Second Year (Core Courses, 3.0 credits):

  1. ECO200Y1/​ ECO204Y1/​ ECO206Y1,
  2. ECO202Y1/​ ECO208Y1/​ ECO209Y1,
  3. ECO220Y1/​ ECO227Y1/​ ( STA237H1, STA238H1)/ ( STA247H1, STA248H1)/ ( STA257H1, STA261H1)

Third and Higher Years (ECO Electives, 2.0 credits):

  1. 1.5 credits from 300+ level ECO courses
  2. At least a 0.5 credit 400-level ECO course

Students in this program have the option to complete the Arts & Science Internship Program (ASIP) stream.


  1. Eligibility for all Economics programs is based, in part, on attaining a minimum grade in ECO101H1 and ECO102H1 (or ECO105Y1). Students are reminded that in order to achieve the required minimum grade in the above-mentioned courses, they may repeat a specific passed course only once as per Faculty regulations.
  2. Students in the Major program considering graduate studies in Economics are advised to take the more mathematical stream courses ( ECO206Y1, ECO208Y1), and also some or all of the 300-level advanced micro, macro, and econometrics sequence ( ECO325H1, ECO316H1/​ ECO326H1, and ECO375H1).
  3. Students considering graduate studies in Economics are also encouraged to take more than the minimum amount and level of math. Students should especially consider MAT221H1/​ MAT223H1/​ MAT240H1 (Linear Algebra), MAT235Y1/​ MAT237Y1 (Multivariate Calculus), MAT246H1 (Abstract Mathematics), or even consider doing a Minor program in Mathematics.
  4. Students should pay careful attention to the courses they choose to meet the 200-level statistics requirements. The accepted combinations are precisely as stated. In particular, ( STA237H1, STA238H1), ( STA247H1, STA248H1), and ( STA257H1, STA261H1) are distinct packages of courses, and the elements cannot be combined any other way. Effective for 2020-2021, STA220H1 and STA255H1 are no longer accepted for the major.
  5. Students enrolled in this program cannot be simultaneously enrolled in any other Economics program or the Environmental Economics minor.