About Economics in Lakehead University

Economics is a social science dedicated to the study of decision-making under scarcity, and the factors that influence wealth. Economics involves financial topics and broader historical, sociological and cultural topics ranging from the individual (microeconomics) to governments, industries and central banking (macroeconomics). This extensive and multidisciplinary study of the economy is what sets it apart from other seemingly similar topics such as Business or Finance.

As an economics student you will gain insight into the long-term effects of policy on communities by studying:

• Resource Allocation
• Current Policy Debates
• Statistics
• Economic Theory
• Incentives
• Econometrics
• Decision-Making 

You will also gain a marketable edge through field and speciality courses focused on labour, natural resources and industrial organisation. The natural ebb and flow of the economy means that economics is a changing and dynamic field. Our continually updated course content reflects new theories, information and current events impacting the Economics field. Mathematics is a large component of many of our Economics courses; therefore, our recommendation is that you have some knowledge and skill in the area.

Academic qualification equivalents

• Successful graduation from an academic secondary school program or equivalent (For most countries, the same academic preparation as is required for university entrance in that country is required for consideration. 
• Program-Specific Prerequisite courses completed at the senior level (e.g. Grade 12);

English language requirements (one of the below):

• IELTS:  6.5 (no individual score less than 6.0)
• TOEFL: iBT 80
• PTE: 58 (no component score less than 50)

Lakehead University Highlights

Lakehead University Average Tuition Fees And Other Expenses

Estimated idea of other living expenses excluding tuition fee are listed as follows: