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University of Toronto - UofT

speciality: Economics

4.0

What Is an Economics Degree?

Are you passionate about the business and finance sector? Do you follow the national and international news? Then, an Economics degree is the answer. It has always been one of the most sought-after degrees amongst youth. 

Economics degrees are designed to tackle all the issues that have an impact on financial situations, ranging from production to how resources are used. Candidates are trained to understand how the economy suffers fluctuations based on the market’s needs and wants followed by the market’s supply and demand.

By far one of the most crucial elements is that economics is divided into microeconomics and macroeconomic. Microeconomics deals with the economic behaviour at an individual level (companies, buyers, sellers and others), whilst macroeconomics illustrates the bigger picture, on a national or global scale (unemployment, economic growth, inflation and so on).

Benefits of an Economics Degree

Having an economics degree increases anyone’s chances to find a job, regardless of the field. This is mainly due to the fact that graduates hold many transferable abilities, such as analytical and problem-solving skills, that are suitable for any career. 

A study made by the London School of Economics and Political Science showed that graduates from an economics course have a starting salary of £33,000 per year. Having a job in the field right after graduation is a major positive aspect and comes with a lot of opportunities for career advancement.

Economics Degree Structure

Economics degrees are usually a three years commitment and sometimes are offered as part of a joint degree. This means that Economics can be studied along with another subject such as engineering, management, law, computer science and others.

This degree can be found either as a Bachelor of Science (BSc) or Bachelor of Arts (BA). The BSc focuses more on economical theory and statistical techniques, while BA is combined with social sciences and qualitative modules. 

14 Student Reviews

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  • Economics
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    Flexibility as you progress

    I am an economics student at the University of Toronto, St. George campus. To be honest, the workload can be overwhelming in your first year, but it helps develop your time management skills. Despite the initial challenges, there are lots of resources available. The key is knowing how to locate and make the most of them. The professors are genuinely invested in your success. If you take advantage of opportunities like attending office hours, consulting with your Teaching Assistants and putting in the work before and after classes, it is very possible to achieve high grades!

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    Fantastic place!

    the fondest of memories come into my head when I think of UofT! I’ve met my very first friends here, amazing colleagues, professors, I am happy that I ended up in this place. Many people say that it’s difficult, that social life is sub-par, all I can say is, usually the place isn’t the problem, the person is. I have never felt more alive and more excited to wake up every day to come here! Classes are very well-built, profs are caring and accommodating, extracurriculars are diverse and fantastic, what’s there not to love?

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    As you would expect, the university is hard

    I graduated with an economics degree from this university, honestly I’ve had an amazing time here. On a general scale, the profs are deeply knowledgeable and understanding, many of them allow for office hours outside of actual office hours, though it is not the case all the time. Some profs (I will not name them) can really kill your passion for whatever it is you’re doing though, they are rare but they do exist here. Throughout my years, I’ve encountered only 2-3, so the general trend is very good.

    Many people complain that personal life here is lacking, I disagree. The university provides tons of opportunities for students to thrive; clubs, activities, extracurriculars, UTMSU/UTSU, plenty of ways to connect and make friends and relationships, just need to know where to look 🙂

    Facilities are grandiose of course, the main downtown campus has gorgeous buildings with victorian architecture and others that look like deep science facilities with underground labs, tunnels connecting them, it truly is an incredible place I highly recommend this university to all!

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2021
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    Excellent university that challenges and rewards

    As a student in the University of Toronto’s economics program, I can say that my experience has been both challenging and rewarding. The program offers a rigorous curriculum that emphasizes both theoretical and practical applications of economic principles.

    One of the strengths of the program is its faculty. The professors are experts in their fields and are passionate about teaching. They are always available to answer questions and provide guidance, which has been especially helpful for me when tackling complex concepts. Additionally, the program offers a variety of courses that cover different areas of economics, allowing students to tailor their education to their interests.

    Another benefit of the program is the opportunities for research and extracurricular activities. There are many research labs and student organizations that provide students with the chance to apply their knowledge to real-world problems and gain valuable experience. These opportunities have helped me develop my analytical and critical thinking skills, which I believe will be useful in my future career.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    The Academic Rigor in UofT

    It heavily depends on stream/program. One thing U of T does differently than most universities is that we have to apply to get into our majors, and for some of the really interesting ones (esp. in life and computer sciences), the cutoffs are high and they only accept a small number. It makes for a very stressful first year or two. Additionally, there is some evidence that it is harder to maintain a solid GPA, because the university has higher admission standards than most (if not all) Canadian universities, but produces lower GPAs than most. For people aiming for grad school/med school/law school, this can make life a lot more stressful. It is extremely important for you to do meticulous research on what stream you want to get into so you can plan ahead if you are not able to get into your first choice of program of study (POSt). Though, I still have much to learn about the university as I am still a freshman but based on my experience so far, I have learnt so much on managing my stress, time, social life and studies.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    UTSC is underwhelming

    Took two courses at UTSC – they were horribly underwhelming. I did not enjoy the facilities in that campus, nor did I like how the courses were taught. Seems like UTSC is very heavily business-inclined, but is nowhere near UTSG’s Roman school or Econ faculty. I suggest everyone to go to UTSG/UTM for economics/commerce courses instead of utsc.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Scarborough
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  • Economics
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    Rigorous and in-depth

    University of Toronto is a world-class university, naturally it would not be an easy one to complete. One of the things I enjoyed about this university is the rigorousness of the program I’ve attended (economics major, cs

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
    Hamza
    Best Years Of My Life

    I did my undergrad in UOF, the experience is simply the most memorable one in my entire life.Throughout the 3 years i remained in close contact with the professors and learnt a-lot from them. All of the modules we’re were taught in a very descriptive manner which only propelled me to indulge myself into them even more than i first anticipated.My course was everything that i wished for and more. The diversity of students was another factor i really enjoyed my time there. The class environment was a huge factor to me being able to form lifelong friendships and a huge circle for networking in the future. Any student who is perhaps deciding to go to UOT I’d vouch for the university first hand and would encourage to take the step and definitely give it a shot.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2021
    Delivery Type: Blended
    Campus: Toronto
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  • Economics
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    UofT undergrad experience

    I’d say don’t come to UofT if you don’t want to do research after graduation. The school has lots of research opportunities for undergraduate students, but career-wise, you really need to network a lot and sacrifice part of your academic/social life. The overall learning environment is super competitive and there’s definitely a lack of resources (e.g. career, academic, etc. ) available to accommodate every student’s needs. The connection amongst the student body isn’t strong because of the large campus and the huge class-size. I wouldn’t say it’s bad, but the overall experience is not that satisfying.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2024
    Delivery Type: On Campus
    Campus: Toronto
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  • Economics
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    About UofT

    University of Toronto is the largest university in Canada hosting over 61000 students. The university provides over 300 programs in various fields ranging from medical studies to business studies. University of Toronto is located in the heart of Toronto meaning there are many job opportunities as well as high quality student life experiences.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Toronto
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