The study of economics has changed considerably since the introduction of mathematical and econometric methods of analysis. The MA program in economics provides the in-depth knowledge of economic theory, quantitative methods and their application that is most valued by business leaders and policy-makers.
The program mixes theory and practical applications and allows students to learn in classroom, co-op and specialization programs. In addition to economic theory, macroeconomic and microeconomics, the MA Economics offers course work in econometrics, economic development, financial economics, game theory, industrial economics, international economics, labour economics and public economies.
MA students choose areas in which to specialize and pursue advanced course work and research in these fields. Upon graduation, students pursue studies at the doctoral level or find stimulating career opportunities in public organizations or private companies.
Credits. A fully-qualified candidate is required to complete a minimum of 45 credits.
Residence. The minimum residence requirement is one year (3 terms) of full-time study, or the equivalent in part-time study.
Courses. A fully-qualified candidate is required to take three 3-credit courses Microeconomics I (ECON 612), Macroeconomics I (ECON 615) and Econometrics I (ECON 680) and five additional 3-credit courses selected in consultation with the Graduate Program Director.
Research Paper. Each student must write a research paper (ECON 703, 21 credits) demonstrating an application of knowledge in a particular area of economics. The topic of the research paper must be approved by the Graduate Program Director and a full-time member of the Department who is prepared to act as supervisor. The research paper is prepared under the guidance of the supervisor who must approve and recommend the final version for examination by an independent member of the Department appointed by the Graduate Program Director.
Fields of Specialization. Each MA student is required to complete one field of specialization by successfully completing 2 courses from the sequences offered in any of the following areas: Econometrics, Economic Development; Financial Economics; Industrial Economics; International Economics; Labour Economics; Macroeconomics; Microeconomics; Public Economics.
Admission Requirements. An honours degree in economics, from a recognized university, or the equivalent, with a cumulative GPA of 3.00 is required. An applicant may be required to take up to 12 prerequisite undergraduate credits in addition to, but as part of, the regular graduate program. Some applicants may be required to pass a qualifying program, as a condition for entry into the regular MA program.
TOEFL Requirement. The Department of Economics recommends students for admission with TOEFL iBT total scores of at least 90 (or 577 for TOEFL PBT). The following scores in the essay/written expression section are also required: TOEFL iBT, 23 (TOEFL PBT, 5.0).
MA students can gain valuable work experience while they study by participating in the MA Economics Co-op program.
The Co-op program has the same academic content as the regular MA program but allows students to intersperse study terms with work terms. Each work term is noted on student transcripts and academic records.
For their work terms, Co-op students are placed in public or private sector organizations. Most serve in Canadian government departments or agencies.
Economic development; economic dynamics; econometrics; environmental and natural resources economics; financial and monetary economics; game theory; industrial organization; international trade and finance; labour economics; microeconomics; macroeconomics; public economics; and regional economics.
A number of funding opportunities exist for Economics graduate students. These include: research and teaching assistantships, tutorial assistantships, external scholarships and a limited number of internal fellowships.