Economics is a social science that encompasses a particular range of human behaviour and has a strong influence on the structure, well-being, and development of a society.Much of human activity is directed towards the satisfaction of material wants. In many areas of the world, the greater part of human effort must be directed towards meeting the most elemental demands for food, clothing, and shelter. Even in technologically-advanced societies, where these basic requirements can be met with comparative ease, the desire for more goods and services never appears to be fully satisfied. In consequence, every society - regardless of whether it is capitalist, socialist or communist in political orientation - is both competitive and cooperative. It is competitive because its members contend with one another to satisfy their individual wants from a limited supply of productive resources. It is cooperative because the greatest supply of goods is available when the activity of producing them is coordinated and organized. Economics deals with any issue arising out of the conflict between the demand for goods and services, and a limited supply of resources to satisfy those demands. Undergraduate training in Economics is intended to familiarize students with the discipline of economic thinking, and to equip them for intelligent appraisal of contemporary economic problems. It is also intended to make students aware of the nature of economic science, and of the directions in which economic theory is moving.The UTM Co-op Internship Program (UTMCIP) stream is available to eligible students enrolled in the Economics Major, Economics and Political Science Specialist, and International Affairs Specialist programs. Enrolment is limited and requires a supplemental application. Students enrolled in the UTMCIP stream will be required to complete mandatory Work-Readiness programming plus a 12- or 16-month term of paid, full-time work experience. The time to degree completion for students enrolled in UTMCIP will normally be 5 years. There is an additional cost to participate in the UTMCIP stream.