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What is Economics?

Economics analyzes how societies provide for their well-being, and the choices that must be made to do so. You’ll study the competition and cooperation that arises among individuals, private organizations, and governments in the process of allocating scarce resources for a variety of different uses. Economics also offers insight into politics, law, history, environment, and development.

Kait McEaachern

Student Profile - Kaitlyn McEachran

Can we develop our economies without sacrificing the environment? What is the economic impact of climate change? How can nations overcome low incomes and poor health?

These are the kinds of fundamental questions students like Kaitlyn McEachran explore while pursuing a Master of Arts in Environmental, Resource and Development Economics at UWinnipeg.

McEachran became interested in the field after she excelled in an introductory economics course. She graduated with a four-year Bachelor of Arts in economics in 2017 and decided to specialize further with a graduate degree.

“My time at the University has allowed me to find the skills that make me unique and helped grow them,” she said.

When she graduates this year, McEachran hopes to find a career working on policy analysis for a government agency.

“I have always wanted to work in a job that is meaningful, and I believe by doing policy analysis I will be doing that,” she said. “It also gives me a chance to apply the quantitative skills I have acquired during my time at The University of Winnipeg.”

Her favourite thing about completing her undergraduate and graduate degrees at UWinnipeg is the university’s small class sizes, which have allowed her to develop a strong connection with her professors.

Make an impact

Economists are at the heart of an organization or region’s development, ensuring that growth is achieved in a responsible manner. As a business economist, you’ll be called on to analyze market trends and help navigate financial issues within your company. Government economists are responsible for presenting data to help politicians make critical decisions on issues such as taxes or housing. Economists’ value isn’t just measured in dollars and cents — many dedicate their lives to improving living conditions for people in low-income areas, or leading sustainable development to protect the environment.

Career opportunities

  • Business
  • Government
  • Banking
  • International development
  • Law
  • Accounting

UWinnipeg faculty, students, and alumni are leaving their mark in the field of economics. Read their stories:

Faculty researchers receive over $3 million in SSHRC grants

The economics of education in Nunavut

Three ERDE students receive PhD funding

View Economics Factsheet [PDF]  |  See Academic Calendar Information [PDF] | Visit Department Website

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