Does Memorial University of Newfoundland give transfer credit for IB Economics SL?
St. John's, NL
Yes, Transfer Credit Available!
Minimum Grade Required
Credit Granted
Economics 1020
💡Expert's Take
SL Economics is accepted at Memorial with a minimum grade of 4 and converts to Economics 1020, identified in the University Calendar as Introduction to Macroeconomics and carrying the standard 3 credit hours. ECON 1010 (Microeconomics), Mathematics 1000, and Statistics 2500 are not awarded by SL and may still be needed for Economics progression.
The next-year Economics courses are different in kind and have different non-Economics prerequisites: ECON 2550 Economic Statistics and Data Analysis requires ECON 1010, ECON 1020, and Statistics 2500 or equivalent, while ECON 3000 Intermediate Micro Theory I and ECON 3010 Intermediate Macro Theory I require ECON 1010, ECON 1020, and Mathematics 1000. The IB Economics HL award (ECON 1010 + ECON 1020 + three unspecified second-year credit hours) clears the ECON 1010/1020 prerequisite only; it does not remove the Mathematics 1000 or Statistics 2500 barriers on the intermediate or statistics courses.
What to watch for:
- ECON 1020 is a Quantitative Reasoning course and counts toward 3 of the 6 credit hours required for the BA QR Requirement, but the Faculty caps transferred core credit at no more than 9 of the 18 combined CRW, LS, and QR credit hours from another institution.
- Per Calendar §12.4, a student who completes fewer than one-half of the credit hours for the degree must complete "at least one-half of the minimum number of credit hours required for a Major (or a second Major) and at least one-third of the minimum number of credit hours required for a Minor" at Memorial; SL Economics credit cannot replace those Memorial-coursework minimums.
For an Economics major, treat the SL award as the macro half only and front-load ECON 1010, Mathematics 1000, and Statistics 2500.
Official award line (IB Economics, Standard Level):
Minimum score: 4
Credit granted: Economics 1020
ECON 1020 catalogue entry
Source: Memorial University, International Baccalaureate transfer credit chart
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Your Potential Savings
Credits Earned
3
Tuition per Credit*
~$225
Est. Savings*
~$675
*Tuition rates are approximate and may vary by academic year, faculty, and program. Always verify with Memorial University of Newfoundland's official sources before making decisions.
📊 Compare Economics SL at Other Universities
See how Economics SL transfer credits compare across Canadian universities. Click column headers to sort.
| University | Min Grade | Credit Granted | Est. Savings | ||
|---|---|---|---|---|---|
| Simon Fraser UniversityBurnaby, BC | 4/7 | SFU ECON 1XX (3) | $699 | → | |
| Carleton UniversityOttawa, ON | N/A | No transfer credit | — | → | |
| Dalhousie UniversityHalifax, NS | N/A | No transfer credit | — | → | |
| McGill UniversityMontreal, QC | N/A | No transfer credit | — | → | |
| University of GuelphGuelph, ON | N/A | No transfer credit | — | → | |
| University of OttawaOttawa, ON | N/A | No transfer credit | — | → | |
| University of VictoriaVictoria, BC | N/A | No transfer credit | — | → | |
| Western UniversityLondon, ON | N/A | No transfer credit | — | → | |
| York UniversityToronto, ON | N/A | No transfer credit | — | → |
Tip: Different provinces have different tuition rates. Use these comparisons to find the best value for your residency status.
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Data Disclaimer
This information is compiled from Memorial University of Newfoundland official sources and verified community reports. It is NOT a substitute for official academic advising. Always confirm with your advisor before making decisions.
Last updated: December 2025
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