Economics belongs to the branch of knowledge known as the "Social Sciences." The social sciences deal with both intergenerational and intra-generational interactions between human beings in a society. Human activities can, of course, be studied from many different perspectives. We could look at humans as political, psychological, historical, or economic beings. A political scientist, for example, would analyze the political activities of the people while an economist would examine activities related to their livelihood. Human beings, in order to fulfil their innate desire for food and shelter, engage in activities that lead them to the production of goods such as food, clothing, and housing, as well as services. These acts of production and consumption to satisfy human wants form the very basis of the subject matter of Economics. Perhaps observing people engaged in this pursuit, Alfred Marshall defined economics as "a study of mankind in the ordinary business of life."
Since the ordinary business of life involves the use of limited natural and human-made resources (capital), people have always been interested in making the best possible use of these resources. This efficient use of resources has been the underlying theme in economics. Hence, the most succinct definition of economics would be that economics deals with the efficient utilization of scarce resources to satisfy human wants. Scarcity gives legitimacy to economics. If there is no scarcity, there is no economic problem. |
| Grade for Entrance Previous Year (%)* | 70 to 100 |
These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.
- Grade12 English
- Grade12 Social Studies or Grade12 International Languages
Applicants are required to have successful completion of Grade 12 examinations in a University Preparatory Program with an overall average of at least 70% (75% for Quebec Secondary V students) in the following subjects: English, one Social Studies or Language, and any 3 other academic courses. Applicants are also recommended to have Grade 12 math. Note: Grade 12 Math is a prerequisite for some 1st year Art courses.
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| Test Scores: | - International English Language Testing System (academic or immigration) [min. 6.5] or Test of English as a Foreign Language (Internet Based) [min. 80] or CanTEST [min. 4.5] or Test of English as a Foreign Language (Paper Based) [min. 550+5.5]
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| Application Notes : | The language of instruction at the University of Prince Edward Island is English. All academically admissible applicants, regardless of their country of origin or citizenship status, are required to demonstrate proficiency in the English language prior to undertaking studies at the University of Prince Edward Island. Proficiency may be demonstrated by: 1. Three years of full-time study in English in Canada or in another country where English is a principal language (as recognized by UPEI); evidence of bilingualism (English and another language) is acceptable for those applicants educated in Canada in a language other than English; OR 2. Submission of an official test score at or above the acceptable minimum, such as: IELTS (Academic) - Overall score of 6.5 with 6.5 in writing no other band below 6; TOEFL paper-based test - 550 with minimum TWE of 5.5; TOEFL internet-based test - 80 with minimum of 20 in each category; MELAB - 80; CanTEST - 4.5; CAEL - 60; Pearson Test of English - 58; Cambridge Advanced English - CAE A-C: 176-184 after Jan 1/15; or Eiken - Pre-1. |
* 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.