Department History

Department of Economics

Department History

In the fall of 1966, the Department of Politics introduced the first course in Economics at Brock University. In 1967, the Department of Economics was officially established with Professor Hull from Politics as Acting Chairman. In 1968, Dr. Maurice Perkins from the World Bank was hired as Chairman.

During the 1970s, the Department experienced gradual growth, beginning with 6 faculty in 1970. In the 1980s, the Department experienced rapid growth, doubling in size to 14. The number of full time faculty remained in the mid-teens through the 1990's and into the new century. In 2004 the Masters of Business Economics program was approved and the number of full time faculty in the Economics department rose again. There are currently 18 members of faculty.

Members of the Department have been extremely active in university affairs and the Department has enjoyed a high profile in the University.

Initially, the Department offered only a pass degree. An honours program was later introduced, followed by joint programs with other departments. In 1979,the Department introduced a 15 credit Bachelor of Business Economics (BBE) offered jointly by Economics and the School of Administrative Studies. In 1994, the 15 credit BBE was discontinued and a radically revised Honours Bachelor of Business Economics (BBE) was introduced. The Honours BBE combines the core courses of an Honours Economics degree, with a heavy concentration of econometrics and another concentration in upper level Finance or Marketing courses offered by the Faculty of Business. The program is challenging, but it appeals to students with a preference for more technical courses and it provides a mix of skills that students realize are highly valued in the current labour market.

In 1999, an honours degree in International Political Economy (INPE) was introduced. It is offered jointly with the Political Science department and it combines most of the required Honours Economics courses (the fourth year micro and macro theory courses are not required, but are recommended for those considering graduate school) with most of the core Honours Political Science courses and a concentration in International Relations and International Economics.

In 2005 the department admitted the first students into its Masters of Business Economics program, a co-op program that combines Master's level Economics and Business courses.

In 2010 the department introduced an honours degree in  Applied Economic Analysis which is intended for students who are interested in the application of economic tools to issues in the economy and broader society. The program is less technical than Economics (Honours). Instead, it places more emphasis on teaching students how to apply analysis to specific problems and issues. It also emphasizes students' ability to write about economic analyses of policies and make presentations of their work. The Applied program also prepares students for positions in all sectors of the economy and it is the recommended program for students considering graduate work in related fields such as public policy, public administration, regional and urban studies, industrial relations, journalism, law, or business administration.