Does McGill University give transfer credit for IB Economics HL?

Montreal, QC

Faculty: General Admission

Yes, Transfer Credit Available!

Minimum Grade Required

5or higher

Credit Granted

ECON 1XX (6 credits)

Generic Credit: Counts as an elective, but may not replace a mandatory prerequisite for your major.

💡Expert's Take

McGill grants 6 credits of generic economics credit (ECON 1XX) for IB Economics HL—not specific course equivalencies. These credits count toward your total degree requirements and can help you graduate faster, but they do not satisfy any named course within the Economics Major or Minor program. Think of them as elective credits that lighten your overall course load—not as progress within the Economics department.

A common misconception is that this credit is equivalent to ECON 208 (Microeconomic Analysis) and ECON 209 (Macroeconomic Analysis). It is not. The official IB credit table lists the equivalency as ECON 1XX, meaning unassigned first-year economics credit. This distinction matters because ECON 1XX does not grant you an exemption from ECON 208 or 209 the way a named equivalency would. In practice, however, if you are pursuing the Economics Major, the department advises you to skip ECON 208/209 entirely and proceed directly to ECON 230D1/D2 (Microeconomic Theory). So the IB credit ends up functioning as elective credit regardless.

What to watch for:

  • The multi-term commitment of ECON 230D1/D2. This is a multi-term course (D1 in fall, D2 in winter) that spans the full academic year. No partial credit is granted—you must successfully complete both D1 and D2 in consecutive terms. If you withdraw partway through, you receive zero credit for the entire sequence and effectively lose a year of progress in the major.
  • The mathematical jump is real. ECON 208 assumes no prior knowledge of economics and requires only basic algebra. ECON 230D1/D2 is intermediate microeconomic theory using calculus-based methods (the textbook is Varian's Intermediate Microeconomics). Instructors have explicitly noted that students who find the course's math prerequisites difficult should consider ECON 208 instead. Comfort with derivatives at a Calculus 1 level is expected from day one.
  • Faculty-specific rules apply. Engineering students receive a maximum of 3 credits (not 6) for IB Economics HL. If you are entering through the Desautels Faculty of Management (B.Com.) and pursuing the Economics for Management Students major, the pathway differs: you would replace specific management core courses with ECON 230D1/D2 and upper-level theory courses.

Bottom line: Enjoy the 6 elective credits—they genuinely reduce the total courses you need to graduate. But do not mistake them for departmental progress. If you plan to major in Economics, you will start at the same point as every other major student: ECON 230D1/D2. The difference is that you will be entering a year-long, mathematically intensive course that is a significant step up from IB Economics. If your calculus is not solid, prioritize strengthening it before classes begin. If you are unsure about the major, taking ECON 208 first (which assumes no prior economics knowledge) is a perfectly valid—and lower-risk—way to test the waters, though you should confirm with an Economics department advisor how this would interact with your IB credit.

Official award line (IB Economics HL):
Minimum score: 5
Credit granted: ECON 1XX (6 credits)
Engineering: max of 3 credits

McGill Transfer Credit & Advanced Standing — International Baccalaureate

Your Potential Savings

Credits Earned

6

Quebec Resident

~$101/credit

~$606

Est. Savings

Out-of-Province

~$420/credit

~$2,520

Est. Savings

International

~$1,050-1,700/credit

~$6,300 - $10,200

Est. Savings

(Sci/Eng/Mgmt higher)

*Tuition rates are for Fall 2025 and may vary by faculty and program. Always verify with McGill's official sources before making decisions.

📊 Compare Economics HL at Other Universities

See how Economics HL transfer credits compare across Canadian universities. Each school has different grade requirements and savings potential.

Dalhousie University

Halifax, NS

Min Grade

5/7

Credit Granted

Economics 1101.03 + Economics 1102.03 = ...

(6 credits)

Est. Savings

$1,830

View Full Details

McMaster University

Hamilton, ON

Min Grade

5/7

Credit Granted

ECON 1B03 + ECON 1BB3 (up to 6 units)

(6 credits)

Est. Savings

$1,200

View Full Details

Queen's University

Kingston, ON

Min Grade

5/7

Credit Granted

ECON 110 (6.0 units)

(6 credits)

Est. Savings

$1,398

View Full Details

Simon Fraser University

Burnaby, BC

Min Grade

5/7

Credit Granted

SFU ECON 103 (4), Q/B-Soc; SFU ECON 105 ...

(8 credits)

Est. Savings

$1,864

View Full Details

University of Alberta

Edmonton, AB

Min Grade

6/7

Credit Granted

ECON 101 (3 units) + ECON 102 (3 units)

(6 credits)

Est. Savings

$1,302

View Full Details

University of British Columbia

Vancouver, BC

Min Grade

5/7

Credit Granted

ECON_V 1st-year level (6 credits)

(6 credits)

Est. Savings

$1,242

View Full Details

University of Calgary

Calgary, Alberta

Min Grade

5/7

Credit Granted

ECON 201 and ECON 203

(6 credits)

Est. Savings

$1,194

View Full Details

University of Ottawa

Ottawa, ON

Min Grade

5/7

Credit Granted

ECO 1102 + ECO 1104 (6 units)

(6 credits)

Est. Savings

$1,320

View Full Details

University of Toronto

Toronto, ON

Min Grade

5/7

Credit Granted

ECO1**Y (1.0 credit)

(1 credit)

Est. Savings

$659

View Full Details

University of Victoria

Victoria, BC

Min Grade

4/7

Credit Granted

ECON 103 (1.5 units) and ECON 104 (1.5 u...

(3 credits)

Est. Savings

$555

View Full Details

University of Waterloo

Waterloo, ON

Min Grade

5/7

Credit Granted

ECON 1XX (0.5 units) — Elective credit

(1 credit)

Est. Savings

$450

View Full Details

Western University

London, ON

Min Grade

5/7

Credit Granted

Economics 1021A + 1022B (1.0 credit)

(6 credits)

Est. Savings

$1,440

View Full Details

Tip: Different provinces have different tuition rates. Use these comparisons to find the best value for your residency status.

Data Disclaimer

This information is compiled from McGill University official sources and verified community reports. It is NOT a substitute for official academic advising. Always confirm with your advisor before making decisions.

McGill AdmissionsFaculty of Science

Last updated: December 2025

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