Our individual and social goals are constrained by the scarcity of our resources. There is only so much clean air and water to go around; our society has a limited number of workers; we have a limited supply of natural resources with which to work; our governments are constrained by their budgets; as individuals, each of us is constrained by a budget that depends on our incomes; and there are only 24 hours in a day. Because of this scarcity, we are forced to make decisions regarding the best ways to manage our resources. Economics helps us make better decisions.
Economics is the study of rational decision-making in the face of scarcity. As such, an understanding of economics is helpful in any field where decisions are made. Thus, economics is useful in business, in politics, in international relations, in alleviating poverty and inequality, in managing our environmental resources, in promoting development, in managing our health care system, etc. |
| Grade for Entrance Previous Year (%)* | 70 |
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.
Applicants must have four additional Grade 12 academic subjects with a minimum grade of 60%, and an overall average of at least 70%.
Applicants with averages between 65% and 70% will be judged on an individual basis. |
* The entrance grade may change from year to year. Please contact the school for further information.
* We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.
