The Department of Economics offers two study programs leading to the degree of Masters of Arts in Economics.
Minimum Admission Requirements for Both the 1 Year and 2 Year Masters Economics Program:
- studied Economics or a related field, including at least;
- introductory and intermediate level microeconomics, and
- introductory and intermediate level macroeconomics, and
- introductory level econometrics.
- completed one course each of;
- university level calculus, and
- university level linear algebra, and
- university level statistics.
- minimum GPA of 73% in all courses taken over the most recent 2 years of study (or the Canadian grade equivalent)
For Admission to the 1 year (called the M2 or Masters Candidate) Program
Generally speaking, applicants must have a 4 year undergraduate honours degree in Economics, or a Masters degree in Economics from outside of Canada.
For Admission to the 2 year (called the M1 or Masters Qualifying) Program
Applicants must have a general undergraduate degree in Economics or a related academic background including the minimum admission requirements courses as listed above. During the first year, students in the 2 year program take eight advanced undergraduate level econmoics courses in microeconomics, macroeconomics and econometrics, required to prepare for the the 1 year program.
Program M2 Masters Candidate
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
- Plus 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 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.
Usually, these 8 Courses must be taken during the 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.
For more information, please contact our Graduate Secretary at firstname.lastname@example.org .