Master of Arts [M.A] (Economics)
Field of Study
International Student Tution
- 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.
|Degree Type Offered||Master|
|Fees||$ 8911 for 1 year|
|Delivery Type||full time|
|Admission Intake||fall (Deadline - Jan 15)|
Eligibility & Entry Requirement
- 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.
Required Document List
Following are the required document:
- Online application form and fees: Students have to fill the online form and submit the application fees.
- CV/Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
- Two Academic or Professional References: Referees (Teachers, guidance counselors, or Professors) should comment on academics, and that references should submit along with the application system.
- Personal Statement: It should include a brief overview of themselves, strengths, and any work experience and/or education that students have.
- Transcripts: Students have to submit transcripts from all universities/colleges attended, World Education Services Assessments, and English Language Proficiency test scores.
- Statement of Intent: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
|fall||Jan 15, 2021|
Fees & Funding
Tution & Application Fees
|Head||Avg Cost Per Year|
|Room and Food (On-Campus)||$ 9195|
|Housing (Off-Campus)||$ 4860|
Times Higher Education 2021
Ranked #151 / 601
Economics [ International ]
Scholarship Grants & Financial Aids
|Name||Amount||International Students Eligible||Application Deadline|
|Ontario Graduate Scholarship||$ 10847||Yes||N/A|
|(ISC)² Women’s Cybersecurity Scholarships||Variable||Yes||Feb 19, 2021|
|Ontario Graduate Fellowship||$ 8459||Yes||N/A|
|Collegedunia $150 Scholarship Program||$ 150||Yes||N/A|
VISA & Work Study
- Students are required to get a Study Visa to study in Canada.
- If students are traveling outside Canada will need either an Electronic Travel Authorization (ETA) or a Valid Temporary Resident Visa (TRV) to re-enter Canada.
- The cost of the study visa is 112 USD and is valid for the length of the student’s study program, plus an extra 90 days.
- Students need a Social Insurance Number (SIN) to work in Canada and to get the SIN, students will need to bring a passport and study visa.
- At the time of VISA application, students need to provide various documents:
- Application form and Study Plan
- Valid Passport
- Official Acceptance Letter
- Financial Evidence
Students need a work-Study visa to work in Canada. Full-time international students studying at a Canadian university may seek employment in Canada in 4 situations:
- on-campus employment
- co-ops employment
- working off-campus
- post-graduation work visa
The McMaster Work Program gives students opportunities to work on campus during the fall/winter terms and over the summer.
- First-year international students are not eligible for the fall/winter work program but can apply for the summer after their first year and every year beyond.
- International students with a valid study visa are eligible to participate in McMaster’s work programs.
- Students can work Part-time at a maximum of 10 hours per week in the fall and winter terms.
- Students can work Full-time of 35 hours per week and part-time over the summer.
Career and Placement after Course
Career opportunities for the students are:
- Economic Advisor
- Executive Analyst
- Financial Analyst
- Business Analyst
- Economic Research Analyst
- Stock Market Analyst.