Bachelor of Commerce in Economics (Specialist) - Mississauga in Mississauga Canada | University of Toronto

Economics is a field of social science that examines specific aspects of human behavior and significantly impacts a society's framework, prosperity, and growth. A substantial portion of human endeavors focuses on fulfilling material needs. Across numerous regions globally, most human energy must be dedicated to securing fundamental necessities like nourishment, attire, and housing. Even in technologically developed nations where these essentials can be obtained relatively effortlessly, the craving for additional products and services seems insatiable. As a result, every society—whether capitalist, socialist, or communist in political structure—exhibits both competitive and collaborative traits. Competition arises as individuals vie to fulfill personal desires from finite productive assets, while cooperation emerges because optimal production occurs through coordinated and structured efforts. Economics addresses challenges stemming from the tension between the desire for goods and services and the scarcity of resources to meet them.
An undergraduate education in Economics aims to acquaint students with analytical economic approaches and prepare them to critically assess current economic issues. Additionally, it seeks to help students understand the essence of economic science and the evolving trends in economic theory.