The MA Economics Program includes two streams: (i) Research-Based Stream (RBS) and (ii) Course-Based Stream (CBS). RBS consists of eight one-term graduate courses and a Master's Report while CBS consists of 10 graduate courses. Applicants should declare their preferable stream at the time of application. Once in the Program, students can apply for a change in their stream based on academic performance and/or some other reasons. The foundations of the MA program is a core of courses in microeconomics, macroeconomics and quantitative methods. Courses in regional economic development, transportation economics, environmental economics, health economics, industrial organization, public policy and applied econometrics are regularly offered. It is mandatory that all students regardless of their stream take ECON 6013 and ECON 6023. Accepted students are required to attend mandatory seminars throughout the academic year.
For both the RBS and CBS there are two options in terms of the duration and content of the program.
Option 1 - One Year Program
The normal minimum requirement for admission is an honours degree (or a similar program with intensive specialization in economics) with a cumulative grade point average of at least 3.0. This translates into at least a B average or upper second class standing. In general, both streams, RBS and CBS, require a minimum of 24 credit hours of upper level undergraduate courses in economics. Most successful applicants who have already taken undergraduate courses in the principles of economics, intermediate micro and macroeconomic theory, advanced micro and macroeconomic theory, statistics and quantitative methods and two or three further advanced-level courses in economics, mathematical economics 3665 and 4665 or equivalent are typically admitted into the one-year program.
Option 2 - Two Year Program
A qualifying student is one whose academic achievements would normally entitle the student to serious consideration for candidacy in economics but who has insufficient background in economics. Qualifying students in both streams will take courses for one academic year that consist of a majority of upper level undergraduate courses. If these are successfully completed, the student will be admitted into the graduate program. Exceptionally qualified candidates from other disciplines may be admitted directly into our two year MA program and the first year would comprise of upper level undergraduate theory courses.
The Department of Economics has eleven full time faculty members, some who possess a national or international profile while others are recent PhD's and are actively engaged in building their research profile. Professors have on-going research in areas of: regional development, micro/industrial organization, micro/labour economics, macro/labour economics, environmental economics, transportation, health, public policy, and financial economics.