<p>^ Gross Overgeneralization Alert! As UCLAri said, it really depends on the institution and the student. For instance, the University of Chicago does not award BS degrees in economics, either (although it does suggest that students who plan to apply to an economics PhD program take more than the minimum required math). My guess is, though, that there are plenty of Harvard and Chicago econ majors whose grad school applications stand “a reasonable chance of success”, even if they are up against those BS kids from University of Saskatchewan.</p>