Economics program requirements
What the Economics Specialist, Major and Minor require, as the 2026-2027 Arts & Science Calendar states it, and every course they name.
Economics Specialist
- Arts program
- 12.0 credits
- Limited enrolment
- ASSPE1478
Enrolment
This is a limited enrolment program. Students must meet the requirements listed below to enrol. The full enrolment requirements are on the Calendar's page for this program.
Completion requirements
Program Course Requirements: 12.0 credits
First Year (2.0 credits):
1ECO101H1, ECO102H1
2(MAT130H1/ MAT135H1, MAT136H1)/ (MAT148H1, MAT149H1)/ MAT137Y1/ (MAT158H1, MAT159H1)/ MAT157Y1
Note 1Note: MAT133Y1 is not a suitable substitute for (MAT130H1/ MAT135H1, MAT136H1)/ (MAT148H1, MAT149H1)/ MAT137Y1/ (MAT158H1, MAT159H1)/ MAT157Y1
Second Year (Core Courses, 3.0 credits):
ECO206Y1, ECO208Y1, ECO220Y1/ ECO227Y1/ (STA257H1, STA261H1)
Third Year (Core Courses, 1.5 credits):
ECO325H1, ECO326H1, ECO375H1
Third Year and Higher (ECO Electives, 5.5 credits):
14.5 credits from 300-level or higher ECO courses
21.0 credit from 400-level ECO courses
Students in this program have the option to complete the Arts & Science Internship Program (ASIP) stream.
Notes:
Note 1A minimum of 70% is required in ECO101H1 and ECO102H1 to meet prerequisites for specialist-level intermediate ECO courses (ECO206Y1, ECO208Y1, ECO227Y1).
Note 2ECO210H1 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.
Note 3While 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.
Note 4Students are nevertheless encouraged to take more math if they plan on pursuing graduate studies. Students should especially consider MAT221H1/ MAT223H1/ MAT240H1 (Linear Algebra), (MAT235H1, MAT236H1)/ MAT235Y1/ MAT237Y1 (Multivariate Calculus), MAT246H1 (Abstract Mathematics), or even consider doing a Minor program in Mathematics.
Note 5ECO475H1 is strongly recommended.
Note 6STA302H1/ STA303H1 are not accepted in lieu of ECO375H1.
Note 7(STA237H1, STA238H1) are not accepted in lieu of ECO220Y1/ ECO227Y1/ (STA257H1, STA261H1).
Note 8CSC108H1/ CSC148H1/ CSC110Y1 (introductory programming) is strongly recommended for students interested in graduate studies.
Courses these requirements name
- ECO101H1Principles of Microeconomics
- ECO102H1Principles of Macroeconomics
- MAT130H1Calculus I for Life Sciences
- MAT135H1Calculus I
- MAT136H1Calculus II
- MAT148H1Calculus I with Proofs
- MAT149H1Calculus II with Proofs
- MAT137Y1Calculus with Proofs last in the 2025-2026 Calendar
- MAT158H1Analysis 1A
- MAT159H1Analysis 1B
- MAT157Y1Analysis I last in the 2025-2026 Calendar
- MAT133Y1Calculus and Linear Algebra for Commerce
- ECO206Y1Microeconomic Theory
- ECO208Y1Macroeconomic Theory
- ECO220Y1Introduction to Data Analysis and Applied Econometrics
- ECO227Y1Foundations of Econometrics
- STA257H1Probability and Statistics I
- STA261H1Probability and Statistics II
- ECO325H1Advanced Economic Theory - Macro
- ECO326H1Advanced Microeconomics - Game Theory
- ECO375H1Applied Econometrics I
- ECO210H1Mathematical Methods for Economic Theory
- MAT221H1Applied Linear Algebra
- MAT223H1Linear Algebra I
- MAT240H1Algebra I
- MAT235H1Vector Calculus I
- MAT236H1Vector Calculus II
- MAT235Y1Multivariable Calculus last in the 2025-2026 Calendar
- MAT237Y1Multivariable Calculus with Proofs
- MAT246H1Concepts in Abstract Mathematics
- ECO475H1Applied Econometrics II
- STA302H1Methods of Data Analysis I
- STA303H1Methods of Data Analysis II
- STA237H1Probability, Statistics and Data Analysis I
- STA238H1Probability, Statistics and Data Analysis II
- CSC108H1Introduction to Computer Programming
- CSC148H1Introduction to Computer Science
- CSC110Y1Foundations of Computer Science I
Economics Major
- Arts program
- 7.0 credits
- Limited enrolment
- ASMAJ1478
Enrolment
This is a limited enrolment program. Students must have completed 4.0 credits and meet the requirements listed below to enrol. The full enrolment requirements are on the Calendar's page for this program.
Completion requirements
Program Course Requirements: 7.0 credits
First Year (2.0 credits):
1(ECO101H1, ECO102H1)/ ECO105Y1;
2MAT133Y1/ (MAT130H1/ MAT135H1, MAT136H1)/ (MAT148H1, MAT149H1)/ MAT137Y1/ (MAT158H1, MAT159H1)/ MAT157Y1
Second Year (Core Courses, 3.0 credits):
1ECO200Y1/ ECO204Y1/ ECO206Y1,
2ECO202Y1/ ECO208Y1/ ECO209Y1,
3ECO220Y1/ ECO227Y1/ (STA237H1, STA238H1)/ (STA247H1, STA248H1)/ (STA257H1, STA261H1)
Third and Higher Years (ECO Electives, 2.0 credits):
11.5 credits from 300+ level ECO courses
2At 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.
Notes:
Note 1Eligibility 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.
Note 2Students 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).
Note 3Students 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), (MAT235H1, MAT236H1)/ MAT235Y1/ MAT237Y1 (Multivariate Calculus), MAT246H1 (Abstract Mathematics), or even consider doing a Minor program in Mathematics.
Note 4STA220H1 and STA255H1 are not accepted for the major.
Note 5Students enrolled in this program cannot be simultaneously enrolled in any other Economics program or the Environmental Economics minor.
Courses these requirements name
- ECO101H1Principles of Microeconomics
- ECO102H1Principles of Macroeconomics
- ECO105Y1Principles of Economics for Non-Specialists
- MAT133Y1Calculus and Linear Algebra for Commerce
- MAT130H1Calculus I for Life Sciences
- MAT135H1Calculus I
- MAT136H1Calculus II
- MAT148H1Calculus I with Proofs
- MAT149H1Calculus II with Proofs
- MAT137Y1Calculus with Proofs last in the 2025-2026 Calendar
- MAT158H1Analysis 1A
- MAT159H1Analysis 1B
- MAT157Y1Analysis I last in the 2025-2026 Calendar
- ECO200Y1Microeconomic Theory
- ECO204Y1Microeconomic Theory and Applications (for Commerce)
- ECO206Y1Microeconomic Theory
- ECO202Y1Macroeconomic Theory and Policy
- ECO208Y1Macroeconomic Theory
- ECO209Y1Macroeconomic Theory and Policy (for Commerce)
- ECO220Y1Introduction to Data Analysis and Applied Econometrics
- ECO227Y1Foundations of Econometrics
- STA237H1Probability, Statistics and Data Analysis I
- STA238H1Probability, Statistics and Data Analysis II
- STA247H1Probability with Computer Applications
- STA248H1Statistics for Computer Scientists
- STA257H1Probability and Statistics I
- STA261H1Probability and Statistics II
- ECO325H1Advanced Economic Theory - Macro
- ECO316H1Applied Game Theory
- ECO326H1Advanced Microeconomics - Game Theory
- ECO375H1Applied Econometrics I
- MAT221H1Applied Linear Algebra
- MAT223H1Linear Algebra I
- MAT240H1Algebra I
- MAT235H1Vector Calculus I
- MAT236H1Vector Calculus II
- MAT235Y1Multivariable Calculus last in the 2025-2026 Calendar
- MAT237Y1Multivariable Calculus with Proofs
- MAT246H1Concepts in Abstract Mathematics
- STA220H1The Practice of Statistics I
- STA255H1Statistical Theory
Economics Minor
- Arts program
- 4.0 credits
- Limited enrolment
- ASMIN1478
Enrolment
This is a limited enrolment program. Students must have completed 4.0 credits and meet the requirements listed below to enrol. The full enrolment requirements are on the Calendar's page for this program.
Completion requirements
Program Course Requirements: 4.0 credits
First Year (2.0 credits):
1(ECO101H1 and ECO102H1)/ ECO105Y1
2MAT133Y1/ (MAT130H1/ MAT135H1 and MAT136H1)/ (MAT148H1, MAT149H1)/ MAT137Y1/ (MAT158H1, MAT159H1)/ MAT157Y1
Second Year (Core Courses, 1.0 credit):
ECO200Y1/ ECO204Y1/ ECO206Y1
Third and Higher Years (ECO Electives, 1.0 credit):
1.0 credit from 300+ level ECO courses
Notes:
Note 1Students enrolled in this program cannot be simultaneously enrolled in any other Economics program or the Environmental Economics minor.
Note 2Eligibility 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.
Note 3Many 300-level and higher courses in economics require ECO220Y1. While not a formal part of the Economics Minor program, students MUST meet the specified prerequisites for 300+ economics courses, and should seriously consider taking ECO220Y1.
Courses these requirements name
- ECO101H1Principles of Microeconomics
- ECO102H1Principles of Macroeconomics
- ECO105Y1Principles of Economics for Non-Specialists
- MAT133Y1Calculus and Linear Algebra for Commerce
- MAT130H1Calculus I for Life Sciences
- MAT135H1Calculus I
- MAT136H1Calculus II
- MAT148H1Calculus I with Proofs
- MAT149H1Calculus II with Proofs
- MAT137Y1Calculus with Proofs last in the 2025-2026 Calendar
- MAT158H1Analysis 1A
- MAT159H1Analysis 1B
- MAT157Y1Analysis I last in the 2025-2026 Calendar
- ECO200Y1Microeconomic Theory
- ECO204Y1Microeconomic Theory and Applications (for Commerce)
- ECO206Y1Microeconomic Theory
- ECO220Y1Introduction to Data Analysis and Applied Econometrics
Requirements are quoted from the 2026-2027 Arts & Science Calendar, which is the official version. Atlas is independent of U of T, so confirm important decisions with your department or college registrar. See how to read program requirements or browse every program.
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