The Department of Economics offers two study programs leading to the degree of Masters of Arts in Economics.
Program M2 Masters Candidate
The traditional M.A. program involves one year of study. Admission requires an honours degree in economics, or equivalent, with at least a 73% (or the Canadian equivalent) standing from a recognized university.
Students will successfully complete these 8 courses in order to graduate:
- Economics 501 – Microeconomic Theory I
- Economics 502 – Macroeconomic Theory I
- Economics 541 – Econometric Theory I
- Option Courses – 5 Economics Graduate courses. One of the 5 option courses can be a Major Paper.
For their option classes, we recommend that students who plan to enter a Ph.D. program take:
- Economics 503 – Microeconomic Theory II
- Economics 504 – Macroeconomic Theory II
- Economics 542 – Econometric Theory II
- Economics 581 – Mathematical Economics
Other option classes that could be offered:
- Economics 510 – Theory of International Economics
- Economics 516 – Labor Economics
- Economics 531 – Industrial Organization
- Economics 543 – Applied Econometrics
- Economics 550 – Monetary Theory
- Economics 580 – Economics of Strategic Behavior
In some cases, option classes can be taken from other departments (notably from the Mathematics & Statistics department or the Odette School of Business), subject to approval by the Economics Graduate director.
Program M1 Masters Qualifying
This stream is intended for students who have a general degree in Economics or a degree in a discipline other than economics and who have some quantitative training (for example, mathematics, statistics, science or social science graduates who have taken at least intermediate level economics courses). This program involves one Qualifying year, covering economic theory and some applications, before entry into the M2 program. In the second year(the M2 year), candidates will pursue the conventional M.A. program as described above. Graduates of a three-year B.A. in Economics may also apply for the M1 program in lieu of an honours year in Economics.
Usual Required Courses (Qualifying year):
- Economics 423 and 424 Advanced Microeconomics
- Economics 433 and 434 Advanced Macroeconomics
- Economics 313 and 414 Econometrics
- Economics 406 Mathematical Economics
- Economics 407 Senior Research Workshop
A minimum required final grade of 70% is required to receive credit in each of these 8 courses. Following successful completion of these 8 courses, the student will advance to the M2 year as a Masters Candidate student for the second year of the program.
For the most recent information, please consult the official Graduate Calendar .
The Economics Graduate Committee will decide if the applicant should be offered admission to the M1 or the M2 program, based on the applicant's academic background.
Generally speaking, applicants with a 4 year undergraduate honours degree in Economics, or with a Masters degree in Economics from outside of Canada, are considered for admission to the 1 year (M2) Masters Candidate program. A 3 year undergraduate degree is a general undergraduate degree, not an honours degree. Other applicants, if offered admission, are usually directed to the 2 year (M1) Masters Qualifying program, but still must have an Economics or related academic background and have taken at least intermediate level Economics courses that would prepare them for the courses required in the Qualifying year on the list above.
To be considered for admission to either the M1 or the M2 program, applicants must have completed one course each in university level calculus, linear algebra and statistics and must have a minimum overall GPA of at least 73 % during the most recent 2 years of study. Grade equivalencies are computed for international students.
For more information, please contact our Graduate Secretary at firstname.lastname@example.org .