Economics Specialist (Arts Program) - ASSPE1478

This is a limited enrolment program. Students must meet the requirements listed below to enrol.

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

ECO206Y1 (70%)
ECO208Y1 (70%)
ECO220Y1(70%)/ ECO227Y1(70%)/ ( STA257H1(70%), STA261H1(70%))

Special Requirement
• In order to apply for the Economics Specialist Program, a student must first be enrolled in the Economics Major (ASMAJ1478). Upon acceptance to the Economics Specialist Program, your Specialist enrolment will replace your Economics Major.
• Students enrolled in this program cannot be simultaneously enrolled in any other Economics program or the Environmental Economics minor.

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. Students applying for Year 3 entry must have been admitted to the Economics Specialist in the Summer after Year 2. Economics Specialist students also enrolled in Rotman Commerce are not eligible to join the ASIP stream. ASIP students enrolled in the Economics Major can transfer to the ASIP stream of the Economics Specialist without needing to reapply to ASIP.

Program Course Requirements: 12.0 credits

First Year (2.0 credits):

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

Note: MAT133Y1 is not a suitable substitute for ( MAT135H1, MAT136H1)/ MAT137Y1/​ MAT157Y1.

Second Year (Core Courses, 3.0 credits):

Third Year (Core Courses, 1.5 credits):

Third Year and Higher (ECO Electives, 5.5 credits):

  1. 4.5 credits from 300-level or higher ECO courses
  2. 1.0 credit from 400-level ECO courses

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


  1. A minimum of 70% is required in ECO101H1 and ECO102H1 to meet prerequisites for specialist-level intermediate ECO courses ( ECO206Y1, ECO208Y1, ECO227Y1).
  2. ECO210H1 is highly recommended, especially for students interested in graduate studies. Students may count ECO210H1 towards the Specialist program in lieu of a 0.5 credit 300-level ECO elective.
  3. While 200-level or higher math or statistics courses may complement the Economics Specialist courses, they cannot be used as substitutes for economics courses in this program.
  4. Students are nevertheless encouraged to take more math if they plan on pursuing graduate studies. 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.
  5. ECO475H1 is strongly recommended.
  6. STA302H1/​ STA303H1 are not accepted in lieu of ECO375H1.
  7. ( STA237H1, STA238H1) are not accepted in lieu of ECO220Y1/​ ECO227Y1/​ ( STA257H1, STA261H1).
  8. CSC108H1/​ CSC148H1 (introductory programming) is strongly recommended for students interested in graduate studies.