At a glance
24 mo
Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
- MA and PhD programs in EconomicsProgram Offerings
- MA: 4.5 full-course equivalentsMA Completion
- PhD: 4.0 full-course equivalents + thesisPhD Completion
- Specializations in Data Analytics, Policy, Finance, and moreMA Emphases
- Specializations in Financial Technologies, Sustainable FinanceMMF Emphases
- Competitive admission, high academic standing preferredAdmission
The University of Toronto's Department of Economics is a highly-ranked institution with a broad scope of research and teaching interests, covering economic theory, applied data analysis, and econometric methodology. The department offers both Master of Arts (MA) and Doctor of Philosophy (PhD) programs designed to enhance students' analytical capabilities through rigorous instruction. The MA program, a coursework-only degree, is suitable for those aiming for careers in the public, private, or not-for-profit sectors, as well as for students planning to pursue a PhD. The PhD program offers direct entry for undergraduates and regular entry for those with a Master's degree, focusing on advanced economic theory and research. Both programs attract a diverse cohort of students globally. Graduates from the MA program often find employment in various sectors or proceed to doctoral studies. PhD graduates typically secure academic positions or employment in the public and private sectors. The department also benefits from collaborations with the Rotman School of Management and UofT's extensive library resources.
Curriculum
The MA program requires the completion of 4.5 full-course equivalents (FCEs). The PhD program typically involves 4.0 FCEs in coursework, comprehensive examinations, and a thesis.
- MA Program
- Mathematics and Statistics CourseECO1010H
- Core MicroeconomicsECO1200H
- Core MacroeconomicsECO1100H
- Core EconometricsECO1400H
- Elective Courses
- PhD Program - Year 1
- Microeconomics IECO2200H
- Microeconomics IIECO2201H
- Macroeconomics IECO2100H
- Macroeconomics IIECO2101H
- Econometrics IECO2400H
- Econometrics IIECO2401H
- PhD Program - Year 2
- Major Field Specialization Courses
- Graduate Research SeminarECO4060Y
Careers
Graduates of the Economics MA and PhD programs are well-prepared for diverse career paths. The programs equip students with advanced analytical skills applicable across various sectors.
- Public sector employment
- Private sector employment
- Not-for-profit sector employment
- Academic positions
Frequently asked questions
- What are the academic qualifications needed to apply for the MA and PhD in Economics at the University of Toronto?
- For the MA program, a bachelor's degree with a minimum mid-B (75%) standing in the final year is required. For the PhD, a B+ standing in an MA program in economics or equivalent is needed. Both programs have specific prerequisite course requirements in mathematics, statistics, and economics.
- Are GRE scores required for international applicants?
- Yes, official GRE General Test scores are required for applicants who do not hold a degree from a Canadian university.
- How long does the MA and PhD program take to complete?
- The MA program requires the completion of 4.5 full-course equivalents. The PhD program typically involves 4.0 full-course equivalents in coursework, comprehensive examinations, and a thesis.
- What are the potential career paths for graduates of the Economics program?
- Graduates are prepared for roles in the public sector, private sector, not-for-profit organizations, and academic positions. The programs equip students with advanced analytical skills applicable across various industries.
- Where can I find information on tuition fees and living costs?
- Specific tuition and living cost figures are not provided in the programme data. Please refer to the University of Toronto's School of Graduate Studies for current fee schedules and estimated living costs.
- When is the application deadline for the Economics MA and PhD programs?
- The application deadline is typically in December or January for Fall admission. You should check the graduate studies website for precise dates, as application periods usually open in the Fall for admission the following academic year.
Entry requirements
Bachelor's degreeMinimum mid-B (75%) standing in the final year of an appropriate bachelor's degree for MA. For PhD, minimum B+ standing in an MA program in economics or equivalent.
Prerequisite CoursesFull-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics for MA. Strong preparation in advanced mathematics, statistics, and economics, including MA-level theory and econometrics for PhD.
Graduate Record Examination (GRE) General TestRequired for applicants without a Canadian university degree. Strongly encouraged for Canadian degree holders.
Admission to both MA and PhD programs is competitive. Applicants are expected to have standing considerably higher than the minimum requirements. Official GRE scores are required for international applicants and encouraged for domestic applicants.
Fees
Tuition (international)Please refer to the University of Toronto's School of Graduate Studies for current fee schedules.
Tuition (home)Please refer to the University of Toronto's School of Graduate Studies for current fee schedules.
LivingPlease refer to the University of Toronto's School of Graduate Studies for estimated living costs.
Specific tuition and living cost figures are not provided in the source documents and should be obtained directly from the university.
How to apply
1. Review Program DetailsFamiliarize yourself with the MA and PhD program structures, specializations, and curriculum on the Department of Economics website.
2. Check Admission RequirementsEnsure you meet the minimum academic requirements, including GPA and prerequisite courses. For international applicants, verify English language proficiency requirements.
3. Prepare Required DocumentsGather academic transcripts, GRE scores (if applicable), letters of recommendation, a statement of purpose, and any other documents specified by the department.
4. Submit ApplicationComplete the online application form through the University of Toronto's School of Graduate Studies portal. Ensure all sections are filled accurately.
5. Pay Application FeeSubmit the required application fee as part of your application.
6. Monitor Application StatusAfter submission, you can typically track the status of your application through the online portal.
Frequently asked questions
What are the academic qualifications needed to apply for the MA and PhD in Economics at the University of Toronto?
+
For the MA program, a bachelor's degree with a minimum mid-B (75%) standing in the final year is required. For the PhD, a B+ standing in an MA program in economics or equivalent is needed. Both programs have specific prerequisite course requirements in mathematics, statistics, and economics.
Are GRE scores required for international applicants?
+
Yes, official GRE General Test scores are required for applicants who do not hold a degree from a Canadian university.
How long does the MA and PhD program take to complete?
+
The MA program requires the completion of 4.5 full-course equivalents. The PhD program typically involves 4.0 full-course equivalents in coursework, comprehensive examinations, and a thesis.
What are the potential career paths for graduates of the Economics program?
+
Graduates are prepared for roles in the public sector, private sector, not-for-profit organizations, and academic positions. The programs equip students with advanced analytical skills applicable across various industries.
Where can I find information on tuition fees and living costs?
+
Specific tuition and living cost figures are not provided in the programme data. Please refer to the University of Toronto's School of Graduate Studies for current fee schedules and estimated living costs.
When is the application deadline for the Economics MA and PhD programs?
+
The application deadline is typically in December or January for Fall admission. You should check the graduate studies website for precise dates, as application periods usually open in the Fall for admission the following academic year.