At a glance
24 mo
Duration
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IELTS
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Tuition / yr
en
Language
Master's
Level
- Ranked among the top economics departments globally.Global Ranking
- Diverse specializations including Economic Data Analytics, Finance, and Sustainable Finance.Program Specializations
- Collaborations with the Rotman School of Management.Industry Links
- Access to excellent university facilities, including Canada's largest library.Resources
- Attracts a diverse international student body.Global Community
- MA program suitable for career entry or further PhD study.Career Pathways
The University of Toronto's Department of Economics is a leading institution for economic study and research, recognized both nationally and internationally. The department's faculty engage in a wide range of research, covering economic theory, applied data analysis, and econometric methodologies. The graduate programs aim to enhance students' analytical capabilities through rigorous training in theory, econometrics, and various specialized fields. Students have the flexibility to concentrate on almost any area of interest, with opportunities to take elective courses in related disciplines like statistics, mathematics, and computer science, as well as collaborate with faculty from the Rotman School of Management. The university's extensive resources, including one of Canada's largest libraries, further enrich the learning experience. The program attracts a diverse group of students from around the world, with approximately 65 MA and 15-20 PhD students enrolling annually. Graduates of the MA program find successful careers in public, private, and not-for-profit sectors, with many also pursuing further doctoral studies. PhD graduates secure academic positions or roles in the public and private sectors.
Curriculum
The Department of Economics offers both Master of Arts (MA) and Doctor of Philosophy (PhD) programs. The MA is a coursework-only program designed for direct entry into the workforce or as preparation for doctoral studies. The PhD program is research-intensive, requiring 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 (2 half courses)ECO2200H, ECO2201H
- Macroeconomics (2 half courses)ECO2100H, ECO2101H
- Econometrics (2 half courses)ECO2400H, ECO2401H
- PhD Program - Year 2
- Major and Minor Field Specialization Courses (at least 2 half courses)
- Graduate Research SeminarECO4060Y
Careers
Graduates from the Economics MA and PhD programs are well-prepared for a variety of challenging and rewarding careers in diverse sectors. The rigorous analytical training provided by the department equips students with valuable skills for economic analysis and problem-solving.
- Economist
- Data Analyst
- Policy Advisor
- Financial Analyst
- Researcher
- Academic
- Consultant
Frequently asked questions
- What are the minimum academic requirements for the MA and PhD programs in Economics?
- For the MA program, you need a bachelor's degree with at least a mid-B (75%) standing in your final year, including full-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics. For the PhD, a minimum B+ standing in an MA program in economics and strong preparation in advanced mathematics, statistics, and economics are required.
- Do international students need to provide GRE scores or proof of English proficiency?
- Official GRE General Test scores are required for applicants without a Canadian degree, and strongly encouraged for those with a Canadian degree. Proof of English proficiency is also required if your first language is not English.
- How long does the MA and PhD program take to complete?
- The MA program is coursework-only and designed for direct entry into the workforce or preparation for doctoral studies. The PhD program is research-intensive, involving coursework, comprehensive exams, and a thesis.
- What are the tuition fees for international students?
- Tuition and fee information is subject to change and updated annually. International and domestic fee structures differ, so please refer to the University of Toronto School of Graduate Studies website for the most accurate and up-to-date financial information.
- What career paths can I pursue after graduating from the Economics program?
- Graduates are prepared for careers as Economists, Data Analysts, Policy Advisors, Financial Analysts, Researchers, Academics, and Consultants in public, private, and not-for-profit sectors.
- When is the application deadline for the Economics MA/PhD program?
- The application period typically opens in the Fall for admission the following Fall, with the application deadline usually in December or January.
Entry requirements
Bachelor's DegreeAn appropriate bachelor's degree with at least a mid-B (75%) standing in the final year. For PhD, a minimum B+ standing in an MA program in economics is required. Strong preparation in advanced mathematics, statistics, and economics is necessary for the PhD.
Prerequisite CoursesFull-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics are required for MA admission. For PhD, successful completion of MA-level microeconomic theory, macroeconomic theory, and econometrics is necessary.
Graduate Record Examination (GRE) General TestOfficial score required for applicants without a Canadian degree. Strongly encouraged for applicants with a Canadian degree.
Admission to both MA and PhD programs is competitive, and successful applicants typically exceed the minimum requirements. Applicants are admitted under the General Regulations of the School of Graduate Studies and must also meet the Department of Economics' specific admission criteria.
Fees
Tuition (international)Please refer to the University of Toronto School of Graduate Studies website for current tuition fees, as these can vary.
Tuition (home)Please refer to the University of Toronto School of Graduate Studies website for current tuition fees, as these can vary.
LivingEstimated living costs are not specified on the program page. Please refer to the University of Toronto's general cost of living estimates for students.
Tuition and fee information is subject to change and is typically updated annually. International and domestic fee structures differ. For the most accurate and up-to-date financial information, students should consult the official University of Toronto School of Graduate Studies fee schedules.
How to apply
1. Review Program RequirementsThoroughly examine the minimum admission requirements for the MA or PhD in Economics, including academic standing, prerequisite courses, and any specific departmental expectations.
2. Prepare Application DocumentsGather all required documents, such as academic transcripts, GRE scores (if applicable), proof of English proficiency (if applicable), letters of recommendation, and a statement of purpose.
3. Submit Online ApplicationComplete and submit the online application form through the University of Toronto's School of Graduate Studies portal.
4. Pay Application FeeSubmit the required application fee along with your application.
5. Monitor Application StatusAfter submission, you can typically track the status of your application through the applicant portal.
6. Await Admission DecisionAdmission decisions are typically released by the School of Graduate Studies after the application review period.
Scholarships
Financial SupportVaries
Accreditation
The University of Toronto is a recognized institution of higher learning. Specific program accreditations are not detailed on the provided pages.
Frequently asked questions
What are the minimum academic requirements for the MA and PhD programs in Economics?
+
For the MA program, you need a bachelor's degree with at least a mid-B (75%) standing in your final year, including full-year courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics. For the PhD, a minimum B+ standing in an MA program in economics and strong preparation in advanced mathematics, statistics, and economics are required.
Do international students need to provide GRE scores or proof of English proficiency?
+
Official GRE General Test scores are required for applicants without a Canadian degree, and strongly encouraged for those with a Canadian degree. Proof of English proficiency is also required if your first language is not English.
How long does the MA and PhD program take to complete?
+
The MA program is coursework-only and designed for direct entry into the workforce or preparation for doctoral studies. The PhD program is research-intensive, involving coursework, comprehensive exams, and a thesis.
What are the tuition fees for international students?
+
Tuition and fee information is subject to change and updated annually. International and domestic fee structures differ, so please refer to the University of Toronto School of Graduate Studies website for the most accurate and up-to-date financial information.
What career paths can I pursue after graduating from the Economics program?
+
Graduates are prepared for careers as Economists, Data Analysts, Policy Advisors, Financial Analysts, Researchers, Academics, and Consultants in public, private, and not-for-profit sectors.
When is the application deadline for the Economics MA/PhD program?
+
The application period typically opens in the Fall for admission the following Fall, with the application deadline usually in December or January.