$6,683 /Yr
Honours
On-campus
full_time
Master of Arts [M.A] Economics
- McMaster University offers a Master of Arts in Economics for a duration of 1 year.
- It is a course-based program available with both full-time and part-time options.
- This program provides a thorough grounding in modern economics and preparing students for doctoral studies in economics and careers in the public and private sectors.
- The following courses are compulsory for MA in Economics are:
- One-term course in Microeconomic Theory
- One-term course in Macroeconomic Theory
- Two one-term courses in Econometrics (1 each semester)
- A short course in Mathematical Methods
- The fundamental goal of the Economics program is to prepare students for such an advanced study of economics.
- The program will explain and analyze the relationships of, economic phenomena at the individual and economy-wide levels that affect the allocation of resources using economic theory and quantitative methods.
- In addition to the compulsory courses, students have to complete 4 electives courses.
- Students can take elective courses in a variety of fields, including Health Economics, International Finance, International Trade, Industrial Organization, Population Economics, and Public Economics.
- The Student-faculty ratio of the Economics program is 7:1.
- Students may also apply for a Ph.D. after completing this program which is 4 years thesis program available in both full-time and part-time options.
- University provides various lab facilities to students such as Public Economics Data Analysis Laboratory (PEDAL), Statistics Canada Research Data Centre (RDC), and McMaster Experimental Economics Laboratory (McEEL).
- The Department of Economics at McMaster University offers 2 graduate programs in Economics:
- 1 year MA in Economics Policy (MAEP) program
- 1-year course-based MA in Economics (MA) program
- McMaster University is home to the best laboratories and brightest minds in the country who work every day to improve human and societal health and well-being and ranks 6th in the country in the research intensity.
- The Faculty of the department has received global recognition by winning awards such as the Early career researcher award, the Impact award, and the Scholar-In-Community award.
- Job opportunities after MA Economics are Financial Analyst, Business Analyst, etc and the average salary goes up to 56,250 USD.
Tution & Application Fees
| Year | Year 1 |
| Tuition Fees | $6411 |
| Health insurance | $152 |
| Other Fees | $120 |
| Total Fees | $6683 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 88 | 120 | 3 |
| IELTS | International English Language Testing System | 6.5 | 9 | 3 |
| PTE | Pearson Test of English | 60 | 90 | 3 |
Academic Eligibility:
- Students will have to complete an honors BA in Economics or a relevant degree from a recognized university.
- Students have to maintain a B+ grade in courses during the final 2 years of their UG programs.
- Advanced microeconomics and macroeconomics courses (at least 1 course in each beyond the full-year intermediate courses).
- One upper-level (3rd years or above) university statistics or econometrics course, with econometrics preferred.
Indian Student Eligibility:
Indian students are eligible to apply if they meet one of the following eligibility criteria:
- Completed a 4-year UG degree with first class in a relevant field from a recognized university.
- Or, completed a 3-year UG degree from a recognized institution and required a minimum GPA in the final 2 years.
Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test.