What will I learn?

Business Economics combines economic theories with the field of business administration. This field of study is concerned with the study and consequences of scarcity. Individuals, households, businesses and nations all experience some level of scarcity in that they do not possess all the resources to satisfy all their wants and needs. Decisions have to be made to balance those scarce resources in order to improve what can be achieved with them.

The Business Economics program is concerned with how:

  • these decisions are made
  • the resources of a nation or business are allocated and utilized in the production of goods and services
  • the rewards of these activities are distributed.

You will become acquainted with all the activities which illustrate the practical nature of the subject, such as commercial reports, articles in newspapers and periodicals and examples from daily life. This program integrates aspects of economics and business studies, focusing on the use of economic analysis and statistical methods to deal effectively with management problems in practical business fields. By applying economic theory to business management, you will become familiar with the analytical and decision-making techniques used in the business world and with the public and private institutional environments within which businesses operate.

Possible Career Paths include:

Business Media Correspondent, Banker, Commodity Trader, Entrepreneur, Financial Advisor, Financial Analyst, Fund Manager, Industry Analyst, Portfolio Manager, Stock Analyst, Strategic Planner

Which department am I in?

Faculty of Liberal Arts and Professional Studies

Study options

Full Time (3 years)

Tuition fees
CAD$32,416.00 (19,09,069) per year
Application deadline

Expected October 2022

Start date

10 January 2022


Faculty of Liberal Arts and Professional Studies

4700 Keele Street,

S900 Ross Building,


Ontario (ON),

M3J 1P3, Canada

Entry requirements

For international students

Students need to have: Ontario Secondary School Diploma (OSSD); Six 4U/4M courses, including ENG4U, NBE4U or FRA4U. Students from other countries should have country specific requirements equivalent to Canada.

Accepted Language Tests and Scores

TOEFL Test of English as a Foreign Language iBT: 83

IELTS International English Language Testing Service (Academic Module): 6.5

Pearson PTE Academic: 60

Canadian Academic English Language Assessment (CAEL): 60

Cambridge English Language Assessment (CAE, CPE): 176 from C1 Advanced

Duolingo: 115