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
  • Resource Allocation
  • Decision-Making 

You will also gain a marketable edge through field and specialty courses focused on labour, natural resources and industrial organization 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.

Lakehead Advantage

Our small class sizes facilitate individual attention from professors and a student-centered learning environment conducive to exploring new ways of thinking. Our core faculty members are leaders in their field and active researchers on an international scale. Each year we offer special topics courses that coincide with the needs and interests of both our students and our faculty. These course provide learning and research opportunities unique to our institution. 

We offer a Natural Resource Economics course that is very popular among our Economics and Environmental Studies students, as well as those interested in pursuing a Law degree. This course examines the following topics:

  • Renewable and non-renewable resources
  • Theory of resource exhaustion
  • Scarcity indicators
  • Forests and fisheries management
  • Resource taxation
  • Canadian economy

We offer the option to combine your Economics degree with studies in Mathematics, Political Science or Business Administration. We also have an undergraduate degree (HBSc) in Resource and Environmental Economics

What our Students Say

As a first year student, I had hesitations about my major, so the most important class for me was Principles of Economics with Dr. Di Matteo and Terri Rizo. After this class I was sure that I wanted...





Read more about Radostina Panova-Todorova's experience.