Usually students in both the M2 and M1 program take 4 courses during the Fall semester (September through December) and 4 courses during Winter semester (January through April). There are no M1 courses during Summer semester (May through August). There are usually no M2 courses during Summer semester but M2 students may choose to write a Major Paper during Summer semester after completing the M2 Fall and Winter courses.
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.
Program M2 Masters Candidate
Students will successfully complete 8 courses in order to graduate:
- Economics 501 – Microeconomic Theory I (required)
- Economics 502 – Macroeconomic Theory I (required)
- Economics 541 – Econometric Theory I (required)
- 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. A minimum final grade of 70% is required to receive credit in any graduate level course for an Economics Masters degree.
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 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.