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Economics marries the detachment of science with the compassion of the social sciences. It studies how people choose to lead their lives and how they interact with one another by bringing together the methods of science and the questions of society and politics.

Economics studies the costs associated with actions. Some of the most pressing issues in Canada relate to the scarcity of resources such as people, money and equipment. When you study economics, you'll begin to understand how to allocate one of the most precious resources of all - your time. And because economics attempts to consider the costs and consequences of decisions, it allows humans to make more informed decisions, making them better citizens of the worlds.


Students completing a minor in economics must complete 24 credit hours in the following courses:

  • ECON 2010 (Introduction to Microeconomics)
  • ECON 2020 (Introduction to Macroeconomics)
  • ECON 3000 (Intermediate Micro Theory I)
  • ECON 3010 (Intermediate Macro Theory I)
  • The remaining 12 credit hours must be chosen from other economics courses that are offered of which at least 6 credit hours must be at the 3000 or 4000-level

Office of Student Recruitment

Grenfell Campus, Memorial University of Newfoundland
20 University Drive, Corner Brook, NL
A2H 5G4, Canada

Phone: (709) 637-6269