A collapse of the US housing market leading to financial crises around the world and ultra-low borrowing rates in Canada. Decisions made in leading oil producing countries having dramatic influence on the value of the Canadian dollar, on the price of gasoline and on government finances.
This is an interesting time to study economics! The McMaster Economics program is one of the best in Canada. Current faculty members are leading researchers in all major areas of Economics.
Our graduates possess quantitative and policy analysis skills that are highly valued by both public and private sector employers; they have gone on to outstanding careers in academics, law, finance, politics and industry. One McMaster graduate has even won the Nobel Prize in Economics.
Focus of Study
Our general interest courses, which require only introductory economics as a prerequisite, examine issues such as those associated with labour markets, environmental regulation, financial markets, economic development, bad behavior, and professional sports.More advanced courses have additional prerequisites and cover such areas as labour problems, healthcare,natural resources, money and banking, industrial organization, the aging society, international trade and finance, , public expenditure and taxation policies.Economics provides an excellent preparation for graduate training not only in economics but also in law, business administration, public administration, health administration and other areas.
- Honours Economics
- Combined Honours Economics and Another Subject
- NEW *Honours Economics- Specialist Option*
- Honours Economics and Computer Science
- Honours Economics and Mathematics
- Minor in Economics
- Honours Economics students are also able to pursue a minor. Many economics students choose a minor in Business, Finance or Mathematics & Statistics.
Applying to the Economics Program
All Social Sciences students start in the Level 1 program. You will apply for the Economics program at the end of your first year.
- Students must complete the requirements of any Level 1 program including Economics 1B03 and 1BB3.
- Although not required for program admission, the following mathematics requirements must be met while in the program. Calculus and Statistics are required by the end of Level 2, if Math MDM4U and Math MCV4U were not completed.
Members of the Department of Economics participate in several major research initiatives at McMaster:
- The Centre for Health Economics and Policy Analysis
- The McMaster Experimental Economics Laboratory
- The Public Economics Research Data Laboratory
- The Statistics Canada Research Data Centre
The Economics Department runs weekly seminars where visiting speakers, McMaster Faculty and graduate students share results of their research work.
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Critical skills for today’s work environment
Employers are interested in Economics graduates because they possess skills in areas such as quantitative analysis of economic opportunities and problems, economic forecasting, knowledge of economics institutions and policies within Canada and the global community.
- The ability to apply sophisticated methods of analysis to the problems faced by private sector firms, not-for-profit organizations and government.
- Strong problem-solving, research, analysis and decision-making skills.
- The ability to articulate a clear verbal and written presentation of the research findings and evidence.
Examples of career paths include: