Economics Programs in Canada

Economics can be stated as the best way to manage resources which are scarce. This is a highly important field of study where jobs are plentiful, and pay well. One of the best places in the world to complete a degree in economics is from Canada. Not only does the country have some universities whose economics courses are ranked among the best in the world, but it also offers a high quality of living at affordable rates.

Advantages Of Doing A Graduate Course In Economics From Canada

1. Quality of Education: The quality of education offered by Canadian universities is extremely high. The best programs in the country make sure that their coursework is tailored to allow a student to truly understand the subject matter, and its practice in the real world through internships with corporations and the government.
2. Emphasis On Problem Solving: The coursework of the best is also tailored to prepare students with problem-solving abilities. This skill which is widely sought after in the workplace provides a competitive edge to students from Canada.
3. Mandatory Internships: Most universities have mandatory internships as a part of their coursework. This provides valuable real-world experience and literally allows students to prove themselves to potential employers.
4. High Quality of Living: Unlike many other countries the cost of living in Canada is affordable i.e. even as a student they will be able to lead a high quality of life.
5. High Employment: Thanks to the unique coursework that is followed in the country, finding employment after finishing the degree is relatively easy. Unlike other developed nations that are still undergoing a recession, Canada is still in a growth phase with a large number of jobs available for skilled people.
6. High Safety: Considered one of the safest countries in the world, because people there are highly content with their lives, and the amount of crime in the city is very little.

General Requirements/Application Procedure/Cost/Time Required

Application Procedure: The general application procedure is similar to that of the US and UK. An online application must first be finished and submitted along with a $50-$100 application fee. After submission of the form, all required details and hard copies of mark sheets must be submitted. Once admission is received, students need to apply for a student visa from a Canadian consulate in their country and get it approved before starting classes.
General Requirements: All of the best Canadian Universities require a high academic score during their undergraduate. While a minimum CGPA of 3.2+ is expected, most students who apply have outstanding CGPAs of >3.6. Other than transcripts as proof of the CGPA, also required are the GRE and TOEFL score sheets, original letters of recommendation from three professors, and at times a personal statement.
Cost & Time Period Of Study: Depending on the graduate program selected, it will take approximately 1-2 years to complete a Masters degree and 4-5- years to complete a PhD degree in Economics. The tuition costs vary according to the program, but the general cost varies between 8000 - 25000 dollars (excluding living expenses).

Popular Economics Programs in Canada

University Of British Columbia

• The University of British Columbia is well-known for its prestigious academic programs, cutting-edge research initiatives, and stunning campus located in Vancouver, Canada. With a strong reputation for excellence in a wide range of disciplines, UBC attracts top students and faculty from around the world.
• University of British Columbia offers courses in the field of Economics- Bachelor of Arts, Bachelor of International Economics, Master of Arts in Economics and PhD in Economics.
• The duration for Bachelor of Arts and Bachelor of International Economics is 4 years, Master of Arts in Economics is 1 year and PhD in Economics is 5 years.
• To be eligible for undergraduate programs in Economics, applicants must have graduated from high school and achieved a minimum of 70% in Grade 11 or Grade 12 English, along with English and Pre-Calculus courses, as well as other related subjects. International students are also required to meet English proficiency standards, which include a TOEFL score of 90, an IELTS score of 6.5 overall with no sub-score lower than 6.0, or a PTE score of 65 or higher.
• To be eligible for the Master of Arts in Economics program, applicants must possess a solid academic background at the undergraduate level, particularly in economic theory, statistics, and econometrics. Additionally, they should have completed at least one year of calculus, a two-semester course in intermediate microeconomics, a one-semester course in intermediate macroeconomics, a two-semester course in statistics and econometrics, and a two-semester course in calculus. International students must also fulfill the English proficiency requirements, which are identical to those for undergraduate students. This entails achieving a TOEFL score of 90, an IELTS score of 6.5 overall with no sub-score below 6.0, or a PTE score of 65 or higher.
• The tuition fees for the Economics programs are as follows:

  Program	For Domestic Students	For International Students
  Bachelor of Arts	CAD 200 per credit hour	CAD 1,600
  Bachelor of International Economics	CAD 200 per credit hour	CAD 1,600
  Master of Arts	CAD 1,800 per installment	CAD 9,900
  PhD in Economics	CAD 1,800 per installment	CAD 3,200 per installment

McGill University

• Established in 1821, McGill has a rich history and has consistently maintained its reputation as a top-tier university. McGill University's commitment to academic excellence, research, and fostering a diverse and inclusive community has solidified its position as one of the premier academic institutions in Canada and the world.
• McGill University offers courses in the field of Economics- Bachelor of Arts (B.A.) - Honours Economics, Master of Arts in Economics and PhD in Economics
• The duration of B.A. Honours Economics is 42 credits, Master of Arts is 1 year and Ph.D. in Economics is 5 years.
• The admission criteria for the B.A. Honors in Economics program requires students to complete 30 core credits in mandatory courses and an additional 12 credits in complementary courses. The mandatory courses include Introduction to Economic Theory, Economic Statistics, Macroeconomics - Honours I, Macroeconomics - Honours II, Advanced Economic Theory I, Advanced Economic Theory II, and Econometrics I. In addition, students must complete 3 credits from History of Thought I, History of Thought II, and Econometrics II. International students must also meet the English Language Proficiency requirements, which include a minimum TOEFL score of 90, a minimum IELTS band of 6.5 with no score lower than 6.0 in any component, or a minimum PTE score of 65.
• The Master of Arts in Economics program requires a total of 48 credits, with 18 credits dedicated to coursework and 30 credits to the thesis. A minimum average grade of B (70%) in approved courses is necessary for successful completion of the program. Additionally, international students must meet English Language Proficiency requirements, which entail obtaining a minimum TOEFL score of 86 or a minimum IELTS band score of 6.5, with no sub-score falling below 6.0.
• The tuition fees for the Economics programs are as follows:

  Program	For Domestic Students	For International Students
  B.A. Honours	CAD 3,000 annually	CAD 44,000 annually
  M.A.	CAD 1,500 per term	CAD 10,000 per term
  Ph.D.	CAD 1,500 per term	CAD 10,000 per term

University of Montreal

• The University of Montreal, also known as Universite de Montreal, is a highly esteemed institution of higher education. Founded in 1878, it has established itself as one of the leading universities in Canada and is recognized globally for its academic excellence and research contributions.
• University of Montreal offers courses in the field of Economics- Bachelor of Arts in Economics, Master of Arts in Economics and Ph.D. in Economics.
• The duration of Bachelor of Arts in Economics is 3 years, Master of Arts is 1 year and Ph.D. in Economics is 3 to 5 years.
• In order to qualify for admission to the undergraduate Economics program, students must possess a DEC in sciences, letters, and arts, a DEC in natural sciences, or an equivalent qualification. Alternatively, they must have successfully completed Mathematics 103, 105, and 203, or Mathematics 103 and either 307, 337, or 360-300. International students seeking eligibility must demonstrate proficiency in French at a level required for the program. This can be achieved by passing the Uniform Test in French, providing recognized proof of French language proficiency accepted by the University, or obtaining a minimum of B2 in both oral and written comprehension in a French language test.
• To be eligible for admission to the Master of Arts in Economics program, applicants are required to have completed a bachelor's degree (Honours B.A.) in economics or a related discipline and must have a minimum GPA of 3.2 out of 4.0. The French Language proficiency requirements for the program are equivalent to those for undergraduate programs in Economics.
• The tuition fees for the Economics programs are as follows:

  Program	For Domestic Students	For International Students
  B.A.	CAD 2,000 to CAD 5,000 per term	CAD 14,000 per term
  M.A.	1,400 per quarter	1,400 per quarter
  Ph.D.	1,400 per quarter	1,400 per quarter

University of Toronto

• The University of Toronto, located in the vibrant city of Toronto, Canada, has earned a well-deserved reputation for its exceptional academic standards and is widely regarded as a top-tier institution. With a rich history dating back to its establishment in 1827, the university has consistently demonstrated its commitment to excellence in education, research, and innovation.
• The University of Toronto offers courses in the field of Economics- Honours Bachelor of Arts, Master of Arts in Economics and Ph.D. in Economics
• The duration of Honours Bachelor of Arts is 4 years, Master of Arts is 1 year and Ph.D. in Economics is 5 years.
• In order to qualify for the Honours program, students must possess a high school diploma and have completed a minimum of six (6) Grade 12 courses with either a "U" or "M" designation. These courses should include Advanced Functions, Calculus & Vectors, and English, with grades in the mid-80s. Additionally, international students must demonstrate their English proficiency by achieving a minimum overall score of 89 on the TOEFL exam, a band score of 6.5 on the IELTS exam, or a minimum overall score of 65 on the PTE exam.
• In order to qualify for admission to the Master of Arts in Economics program, students are required to have finished, or be in the last year of, a suitable four-year bachelor's degree program or its equivalent with courses in introductory economics, intermediate economics, calculus, intermediate statistics or econometrics, and maintain at least a mid-B (75%) grade in their final year. Additionally, international students must meet the English Proficiency standards, which entail obtaining a TOEFL score of 93 overall or an IELTS band of 7.0 overall with a minimum of 6.5 in each section.
• The tuition fees for the Economics programs are as follows:

  Program	For Domestic Students	For International Students
  B.A.	CAD 6,000 annually	CAD 62,000 annually
  M.A.	CAD 7,000 annually	CAD 30,000 annually
  Ph.D.	CAD 6,000 annually	CAD 6,000 annually

Queen's University

• Queen's University is truly exceptional in its commitment to academic excellence, innovative research, and fostering a vibrant and inclusive campus community. With a long history of producing successful graduates who go on to make a positive impact in their fields, Queen's stands out as a leader in higher education.
• Queen's University offers courses in the field of Economics- Master of Arts in Economics and Ph.D. in Economics.
• the duration of Master of Arts is 2 years and Ph.D. in Economics is 4 to 7 years.
• Candidates applying to the MA program are required to possess a bachelor's degree with honors, focusing on economics, and must have achieved a minimum average of B+ in core courses during their 3rd and 4th years of undergraduate studies, including Microeconomics, Macroeconomics, and Econometrics. Additionally, applicants should have a solid foundation in calculus, linear algebra, and quantitative methods. International students must provide a TOEFL score of a minimum of 88 overall or an IELTS band score of 7.0 overall.
• The tuition fees for the Economics programs are as follows:

  Program	For Domestic Students	For International Students
  M.A.	CAD 1,900 per term	CAD 4,300 per term
  Ph.D.	CAD 1,900 per term	CAD 1,900 per term