The Certificate in Advanced Economics is open to students who seek a more formal and deeper analysis of economic models and their application. The requirements include core advanced courses in the three main fields of economics: microeconomics, macroeconomics, and econometrics that will help prepare students for graduate and professional studies as well as provide valuable applicable skills for future careers.

Limited Enrolment – Enrolment in the Certificate in Advanced Economics is limited to students who are:

1. In good academic standing with a min. CGPA of 1.50; and
2. Concurrently enrolled in a program or set of programs that fulfill the requirements of an HBA, HBSc, or BCom degree (see Section 7 Degree Requirements of the Academic Calendar).

2.0 credits with average grade of 65% or higher are required.

Required courses:

• ECO325H5
• ECO326H5
• ECO375H5
• ECO475H5

Limited Enrolment — Enrolment in the Major program is limited to students with 4.0 completed credits including:

• [ ECO101H5 (63%) and ECO102H5 (63%)] or ECO100Y5(63%); and
• MAT133Y5 (63%) or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or ( MAT137H5 and MAT139H5) or MAT137Y5

Students enrolled in this program cannot be simultaneously enrolled in the Economics Specialist (ERSPE1478), Financial Economics Specialist (ERSPE2722), Economics Specialist – BCOM (ERSPE0137), or Economics Minor (ERMIN1478) program.

Enrolment in the UTMCIP stream of this program is limited to students who have completed 4.0 credits, including:

• [ ECO101H5 (63%) and ECO102H5 (63%)] or ECO100Y5(63%); and
• MAT133Y5 (63%) or ( MAT135H5 and MAT136H5) or ( MAT137H5 and MAT139H5) or MAT135Y5 or MAT137Y5

Students who have achieved a cumulative GPA of at least 3.0 are encouraged to apply. Students must be in good standing with no outstanding academic integrity cases.

7.0 credits are required.

First Year:

[ ECO101H5 and ECO102H5] or ECO100Y5;
and MAT133Y5 or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or ( MAT137H5 and MAT139H5) or MAT137Y5.

Second Year:
ECO200Y5 or ECO204Y5 or ECO206Y5;
and ECO202Y5 or ECO208Y5 or ECO209Y5;
and ECO220Y5 or ECO227Y5 or (1.0 credit from STA256H5, STA258H5, STA260H5)

Higher Years:
2.0 credits in 300/400 level ECO courses

NOTE:

• ECO205Y5, ECO244Y5 and ECO261H5 cannot be used to fulfill the requirements for this program.
• MGT437H5 can be used as an ECO 300/400 course to satisfy the program requirements for an Economics Major.

Limited Enrolment — Enrolment in the Minor program is limited to students with:

• 63% in ECO100Y5 or (63% in ECO101H5 and ECO102H5)
• MAT133Y5 (63%) or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5)

Students enrolled in this program cannot be simultaneously enrolled in the Economics Specialist (ERSPE1478), Financial Economics Specialist (ERSPE2722), Economics Specialist – BCOM (ERSPE0137), or Economics Major (ERMAJ1478) program.

4.0 credits are required, including 1.0 credit at the 300/400 level.

First Year:

1. ECO100Y5 or ( ECO101H5 and ECO102H5)
2. ( MAT133Y5 or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5)).

Second Year: ECO200Y5 or ECO204Y5 or ECO206Y5

Higher Years: 1.0 ECO credit at the 300/400 level. Note: ECO205Y5, ECO244Y5 and ECO261H5 cannot be used to fulfill the requirements for this program.

Limited Enrolment – Enrolment in this program is limited to students with:

• [ ECO100Y5 (minimum 70%) or (minimum 70% grade in ECO101H5 and ECO102H5)]; and
• ECO206Y5 (minimum 60%) and ECO208Y5 (minimum 60%); and
• ECO227Y5 (minimum 60%) or [ STA258H5 (minimum 60%) and STA260H5 (minimum 60%)]; and
• One of the following:
  
  • MAT135H5 (minimum 63%) and MAT136H5 (minimum 63%) and MAT223H5 (minimum 63%); or
  • MAT133Y5 (minimum 80%) and MAT233H5 (minimum 63%); or
  • MAT132H5 (minimum 63%) and MAT134H5 (minimum 63%) and MAT223H5 (minimum 63%); or
  • MAT137Y5 (minimum 60%) and MAT223H5 (minimum 63%); or
  • MAT137H5 (minimum 60%) and MAT139H5 (minimum 60%) and MAT223H5 (minimum 63%)

Students should apply for this program at the end of their second year (8.0 credits), once they have completed the prerequisites listed above. It is recommended that students apply to the Economics Major program (ERMAJ1478) at the end of their first year (4.0 credits).

Students enrolled in this program cannot be simultaneously enrolled in the Financial Economics Specialist (ERSPE2722), Economics Specialist – BCOM (ERSPE0137), Economics Major (ERMAJ1478), Economics Minor (ERMIN1478), or Commerce: Finance Specialist (ERSPE2034) program.

13.0 credits are required.

First Year:
1. ECO100Y5 or ( ECO101H5 and ECO102H5)
2. MAT133Y5 or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5);
3. MAT223H5 or MAT233H5

Higher Years:
1. ECO206Y5 and ECO208Y5 and [ ECO227Y5 or ( STA258H5 and STA260H5)]
2. ECO325H5 and ECO326H5 and ECO375H5
3. 1.0 credit in Economic History from: ( ECO302H5 and ECO303H5) or ECO322Y5 or ECO323Y5
4. 5.0 additional 300+ level ECO credits, including at least 1.0 at the 400 level

Specialist Programs
Note:

1. Economics Specialist Program (ERSPE1478) leads to an Honours BA degree.
2. Economics Specialist – BCOM (ERSPE0137) program can only be taken jointly with the Specialist program in Commerce, and thus leads to a BCom degree.
3. Enrolment in Economics (Commerce) Specialist Program ERSPE0137 Program is open only to those who have been admitted to the BCom degree program.
4. ECO205Y5, ECO244Y5 and ECO261H5 cannot be used to fulfill the requirements for this program.

This program can only be taken jointly with a Commerce Specialist program. Students must be actively enrolled in a Commerce (BCom) Specialist Program in order to be admitted to this Economics program. Students must complete one of the following Commerce programs in order to complete this program: ERSPE1704, ERSPE2034, ERSPE2273.

Limited Enrolment — This program may only be taken jointly with a Specialist program in Commerce which leads to a BCom degree. Students must be actively enrolled in one of these Commerce Specialist (BCom) Programs in order to qualify for this Economics Specialist program: ERSPE1704 or ERSPE2034 or ERSPE2273.

Additionally, enrolment in this program is limited to students with [70% in ECO100Y5 or (70% in ECO101H5 and ECO102H5)] and [80% in MAT133Y5 or (63% in MAT132H5 and MAT134H5) or (63% in MAT135H5 and MAT136H5) or 60% in MAT137Y5 or (60% in MAT137H5 and MAT139H5)] and 63% in MGT120H5 and a minimum CGPA which is determined annually.

Students enrolled in this program cannot be simultaneously enrolled in the Financial Economics Specialist (ERSPE2722), Economics Specialist (ERSPE1478), Economics Major (ERMAJ1478), or Economics Minor (ERMIN1478) program.

Within a BCom degree, 15.0 credits are required.

First Year:

1. ECO100Y5 or ( ECO101H5 and ECO102H5)
2. MAT133Y5 or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5)
3. MGT120H5 and MGM101H5

Higher Years:

1. MGT Requirements (5.0 credits)
   1. MGT220H5 and MGT223H5 and MGT231H5 and MGT232H5
   2. 1.0 credit from: MGT252H5 or MGT262H5 or MGT353H5 or MGT363H5 or ( MGT371H5 or MGT422H5) or MGT374H5 or MGT393H5
   3. 1.0 credit in MGT at 200+ level
   4. 1.0 credit in MGT at 400 level
2. ECO Requirements (6.0 credits)
   1. ECO206Y5 and ECO208Y5 and [ ECO227Y5 or ( STA258H5 and STA260H5)]
   2. ECO375H5
   3. 1.0 credit in Economic History from: ECO302H5 or ECO303H5 or ECO322Y5 or ECO323Y5
   4. ECO325H5 and ECO326H5
   5. 0.5 credit in ECO at the 300+ level
3. Writing Component (1.0 credit). 1.0 credit chosen from the following:
   
   • ANT204H5
   • any CLA course(s), (excluding CLA201H5)
   • ECO302H5 or ECO303H5 or ECO320H5 or ECO320Y5 or ECO321H5 or ECO335H5 or ECO336H5 or ECO343H5 or ECO344H5 or ECO373Y5 or ECO399Y5 or ECO433H5 or ECO435H5 or ECO456H5 or ECO463H5 or ECO475H5 (only one ECO course from the list may be taken)
   • any PHL course(s), (excluding PHL245H5 or PHL246H5 or PHL247H5 or PHL344H5 or PHL345H5 or PHL346H5 or PHL347H5)
   • any SOC course(s), (excluding SOC300Y5)
   • any course(s) from ENG or FAH or HIS or HPS or LIN or POL or RLG or WRI

• A mark of at least 70% in 1.0 credit of POL;
• A mark of at least 63% in ECO100Y5 or (63% in ECO101H5 and ECO102H5);
• MAT133Y5 (with a mark of at least 63%) or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5);
• ISP100H5; and
• A minimum CGPA of 2.00

• 2.0 credits of POL (with a mark of at least 70% in each course);
• A mark of at least 63% in ECO100Y5 or (63% in each of ECO101H5 and ECO102H5);
• MAT133Y5 (with a mark of at least 63%) or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5);
• ISP100H5; and
• A minimum CGPA of 2.30

Enrolment in the UTMCIP stream of this program is limited to students who have completed 4.0 credits, including:

• A mark of at least 70% in 1.0 credit of POL;
• A mark of at least 63% in ECO100Y5 or (63% in each of ECO101H5 and ECO102H5);
• MAT133Y5 (with a mark of at least 63%) or MAT134Y5 or ( MAT132H5 and MAT134H5) or MAT135Y5 or ( MAT135H5 and MAT136H5) or MAT137Y5 or ( MAT137H5 and MAT139H5);
• ISP100H5

Students who have achieved a cumulative GPA of at least 3.0 are encouraged to apply. Students must be in good standing with no outstanding academic integrity cases.

1. ECO100Y5 or ( ECO101H5 and ECO102H5)
2. MAT133Y5 or ( MAT132H5 and MAT134H5) or ( MAT135H5 and MAT136H5) or ( MAT137H5 and MAT139H5)
3. ( ECO200Y5 or ECO204Y5 or ECO206Y5) and ( ECO202Y5 or ECO208Y5 or ECO209Y5) and [ ECO220Y5 or ECO227Y5 or (1.0 credit from STA256H5 or STA258H5 or STA260H5)]
4. ( ECO302H5 and ECO303H5) or ECO322Y5 or ECO323Y5
5. 1.0 credit of ECO at the 300/400-level

1. POL200Y5 and ( POL215H5 and POL216H5) and ( POL243H5 and POL244H5) and POL309Y5
2. 1.0 credit each (total 2.0 credits) from two of the following three fields:
   a. Comparative Politics - ( POL203Y5 or POL203H5) or ( POL218Y5 or POL218H5 or POL219H5) or POL300Y5 or POL300H5 or [ POL302Y5 or ( POL313H5 and POL314H5)] or POL302H5 or ( POL303Y5 or POL303H5) or ( POL304Y5 or POL304H5)or POL332Y5 or ( POL354Y5 or POL354H5) or POL360H5 or POL361H5 or POL362H5 or POL373H5 or POL390H5 or POL391H5 or POL438Y5 or POL438H5 or POL440Y5 or POL443Y5 or POL443H5 or POL444H5 or POL445H5 or POL446H5 or POL447H5 or POL448H5
   b. International Relations - ( POL208Y5 or POL209H5 or POL210H5) or POL305H5 or POL307H5 or ( POL310Y5 or POL311H5 or POL312H5) or ( POL327Y5 or POL327H5) or POL340Y5 or ( POL343Y5 or POL344H5 or POL345H5) or POL370H5 or POL406H5 or POL407H5 or POL486Y5 or POL486H5 or POL487H5
   c. Public Policy and Public Administration - POL316Y5 or ( POL317Y5 or POL317H5) or POL318H5 or POL336Y5 or POL346Y5 or POL353Y5 or ( POL355Y5 or POL355H5) or ( POL368H5 or POL368Y5) or ( POL369Y5 or POL370H5 or POL371H5 or POL372H5) or POL493H5 or JEP351H5 or JEP356H5 or JEP452H5 or JPE250Y5 or JPE251H5 or JPE252H5
3. 1.0 credits of POL

This program is intended for students planning careers in finance. It prepares students for jobs in banks, investment services, insurance companies, and finance departments of corporations and government agencies. This program will also prepare students for graduate studies in Economics or Financial Economics. Many courses in the program have a technical or analytical focus. This program has a stronger focus on courses related to Financial Economics than the Economics Specialist program (ERSPE1478).

Limited Enrolment — Enrolment in this program is limited to students with:

• 70% in ECO100Y5 or (70% in each of ECO101H5 and ECO102H5)
• 70% in ECO206Y5 and 70% in ECO208Y5
• 70% in ECO227Y5 or [ STA256H5 (70%) and STA260H5 (70%)] or [ STA257H1 (70%) and STA261H1 (70%)]
• One of the following:
  
  • MAT135H5 (minimum 63%) and MAT136H5 (minimum 63%) and MAT223H5 (minimum 63%)
  • MAT132H5 (minimum 63%) and MAT134H5 (minimum 63%) and MAT223H5 (minimum 63%)
  • MAT137Y5 (minimum 60%) and MAT223H5 (minimum 63%)
  • MAT137H5 (minimum 60%) and MAT139H5 (minimum 60%) and MAT223H5 (minimum 63%)
  • MAT157Y1 (minimum 60%) and MAT223H5 (minimum 63%)
  • MAT133Y5 (minimum 80%) and MAT233H5 (minimum 63%)

There will be a limited number of spaces available to students with 8.0 credits (including the prerequisites listed above) and a CGPA of 3.30 or with the approval of the Chair or Associate Chair of the Economics Department.

Students enrolled in this program cannot be simultaneously enrolled in the Economics Specialist (ERSPE1478), Economics Specialist-BCOM(ERSPE0137), Economics Major (ERMAJ1478), Economics Minor (ERMIN1478), or Commerce: Finance Specialist (ERSPE2034) program.

13.0 credits, including at least 1.0 credit at the 400 level.

First Year:

1. ECO100Y5 or ( ECO101H5 and ECO102H5)
2. One of the following:
   1. MAT133Y5 and MAT233H5; or
   2. MAT135H5 and MAT136H5 and MAT223H5

Note: ( MAT135H5 and MAT136H5) can be replaced by ( MAT132H5 and MAT134H5) or MAT137Y5 or ( MAT137H5 and MAT139H5) or MAT157Y1

Higher Years:

1. ECO206Y5
2. ECO208Y5
3. ECO227Y5 or ( STA256H5 and STA260H5)
4. ECO325H5 and ECO326H5
5. ECO375H5
6. ECO358H5 and ECO359H5
7. 5.0 credits of ECO at the 300/400-level of which at least 1.5 credits must be chosen from ECO348H5, ECO349H5, ECO356H1, ECO434H5, ECO440H5, ECO456H5, ECO460H5, ECO461H5, ECO462H1, ECO463H5, ECO475H5. Not more than 1.0 credit in Economic History.