Master of Arts [M.A] (Economics)
STEM Course
1 year
Full Time
Honours & On Campus
Field of Study:
₹5.2 L/Yr
CA$8,548 /Yr
4 Students Applied
3 Students Admitted
- 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
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Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹524847 (CAD 8548) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Food (On-Campus) | ₹564573 (CAD 9195) |
| Housing (Off-Campus) | ₹298404 (CAD 4860) |
| Total Cost | ₹885265 (CAD 14418) |
| Health insurance | ₹12464 (CAD 203) |
| Other Fees | ₹9824 (CAD 160) |
Eligibility & Entry Requirement
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.
Scores Required
88 / 120
Avg. Score in
TOEFL
6.5 / 9
Avg. Score in
IELTS
60 / 90
Avg. Score in
PTE
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.
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Course Guides
Masters (MS) in Canada: Fees 2023, Top Colleges, Admissions, Placements & Salaries
Masters in Economics in Canada: Fees 2023, Top Colleges, Admissions, Placements & Salaries
Career and Placement after Course
Career opportunities for the students are:
- Economist
- Economic Advisor
- Executive Analyst
- Consultant
- Researcher
- Financial Analyst
- Business Analyst
- Economic Research Analyst
- Stock Market Analyst.
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Ontario Trillium Scholarship 2 | Scholarship per student₹ 6.1 L/Yr$10,000 | Level Of StudyMaster | TypeAwards | |
| Ontario Graduate Scholarship | Scholarship per student₹ 6.7 L/Yr$10,847 | Level Of StudyDoctorate | TypeCollege-Specific | |
| VueVille Future Technology Scholarship | Scholarship per student₹ 61,400/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Paul Foundation scholarships | Scholarship per student₹ 12.4 L/Yr$20,174 | Level Of StudyDiploma | TypeMerit-Based | |
| FINCAD Women in Finance Scholarship | Scholarship per student₹ 12.3 L/Yr$20,000 | Level Of StudyMaster | TypeMerit-Based | |
| Go Clean Scholarship | Scholarship per student₹ 2.1 L/Yr$3,500 | Level Of StudyBachelor | TypeMerit-Based |
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