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Graduate Studies Programs of Study Economics


Economics
Head
Lloyd-Ellis, H.
 
Associate Head
Head, A.C.
 
Coordinator of Graduate Studies
Majumdar, S.
 
Professor
Bergin, J., Carmichael, H.L., Ferrall, C., Gregory, A.W., Hartwick, J.M.,  Head, A.C., Lapham, B.J., Lewis, F.D., Lloyd-Ellis, H., MacKinnon, J.G., Milne, F., Nielsen, M., Smith, G.W., Wang, R., Ware, R., Zabojnik, J.
 
Associate Professor
Cotton, C., Garvie, D., Keay, I., Koeppl, T., Majumdar, S.,Sun, A., Viero, M-L.
 
Assistant Professor
Abbott, B., Cozzi, M., Jaworski, T.
 
Professor Emeritus
Beach, C.M., Boadway, R.W., Courchene, T.J., Usher, D.
 
Cross-Appointed
Ding, W., Lehrer, S.F., Neave, E.H., Pohl, V., Suo, W.
 
Adjunct Faculty
Abbott, M.G., Cromb, I., Imai, S., Jenkins, G., Kuo, G.
 

Features of Interest
The Department of Economics occupies the second and third floor of Dunning Hall, and two wings in Mackintosh-Corry Hall. These premises provide classrooms, seminar rooms, and two computing labs, as well as conference facilities, graduate student study space and a reading room.
Queen's has a relatively decentralized library although most of what is of interest to economics students will be found in the Joseph S. Stauffer Library, directly across Union Street from Dunning Hall. Reserve readings are on the third floor of Stauffer and the Government Documents Unit is on the lower floor. Other specialized locations that may be of interest include the May Ball Library for policy studies and industrial relations, the Mathematics Library in Jeffery Hall and the Law Library (which has duplicate copies of some works in economics). An extensive collection of pre-publication discussion papers in economics is available in the Malcolm Urquhart Reading Room on the third floor of Dunning Hall.
 
Information and Technology Services (ITS) and the Economics Department (QED) together provide a wide variety of computing services that are accessible to Economics graduate students. The Department has six servers running Linux. All graduate students have access to the main server, qed.econ.queensu.ca, as well as other workstations.  The Department's computing representative provides assistance with many computing problems. As well as Internet access, the Department maintains various software packages on these servers, and computer advisors (upper-year graduate students) are available to assist students learning new programs. Workshops and seminars on internet tools, operating systems, and web publishing are available from ITS throughout the year. Also in close proximity to graduate student offices are approximately 60 PC's loaded with popular internet, word processing, and spreadsheet packages.
Institutes
The continuing dialogue and debate between academic economists and practicing policy-makers from industry and government is just part of the interest to students of the conferences, workshops and publications sponsored by the John Deutsch Institute for the Study of Economic Policy. Also within the department, the Institute for Economic Research publishes a discussion paper series at a present level of about sixty new papers each year, and a regular program of staff/student seminars and workshops, active all year round, frequently brings economists of international repute to Queen's. Elsewhere on campus, the Industrial Relations Centre, the Institute of Intergovernmental Relations, the School of Policy Studies and the Centre for Resource Studies all do work of interest to students of economics.
The department also operates an active placement service to help its students obtain suitable positions as professional economists after graduation.
Financial Aid
Primary sources are described in the calendar section entitled Fellowships, Assistantships and Loans. The department has some resources of its own from which to make awards for academic merit, but these awards cannot be so generous as those offered by Queen's and by governmental, industrial and other grant sources outside the University, and are not numerous enough to assure one to each successful applicant.
The department offers many of its students teaching and/or research assistantships which may be held in addition to a merit award, depending upon the award's conditions of tenure. For further information, please contact the Coordinator of Graduate Studies.
Programs of Study Applicants for both the master's and doctoral programs are accepted under the general regulations of the School of Graduate Studies.  Program of Study and course choice are subject to the review and approval of the Graduate Coordinator.
DOCTOR OF PHILOSOPHY
The doctoral program comprises course work, including preparation in economic theory and areas of specialization, comprehensive examinations in micro- and macro-theory, and a doctoral thesis. Students with an honours bachelor's degree (or the equivalent) and a master's degree, both in economics, usually take at least  four years to complete the program and must be completed satisfactorily within seven years of initial registration in the program.
 
The minimum course requirements consist of nine graduate half-courses in the Department of Economics.  Students must complete four graduate courses in economic theory (ECON-811*, ECON-813*, ECON-816*, and ECON-817*); two graduate courses in quantitative methods (ECON-850* and ECON-851*);and three 900-level courses with an ECON course code prefix.  Students must take a minimum of three half-courses in their first term and three half-courses in their second term of the program.

A cumulative GPA of 3.0 or higher must be maintained on all courses taken towards the Ph.D. degree. This average will be computed on each anniversary of first registration. Students must also satisfy the department that they have an adequate preparation in calculus and linear algebra.
 
There is no foreign language requirement.
 
Comprehensive Examinations

All eligible Economics Ph.D. students are required to take both the Microeconomics and Macroeconomics comprehensive examinations no later than September of their second year in the program. All eligible Economics Ph.D. students are required to pass both the Microeconomics and the Macroeconomics comprehensive examinations by June of their second year in the program. The comprehensive examinations are normally offered twice each year; once in early May and once in late August or early September.

All eligible Economics Ph.D. students are also required to submit a research paper that demonstrates readiness to carry out research on a topic on the scale of a Ph.D. dissertation. This paper must be submitted by October of their third year in the program, and all eligible Economics Ph.D. students are required to obtain a Pass on the research paper by February of their third year in the program.


MASTER OF ARTS
The master's program normally requires three terms of full-time study. Students entering the master's program with full-time status in the fall must take at least three half-courses in each of the Fall and Winter Terms. The degree may be taken according to one of three program patterns, the requirements for which are as follows:
 
Program  Pattern I 
Six half-courses and a Master's Thesis (ECON-899, which is equivalent to one full course).  The courses selected must include ECON-810* Microeconomic Theory, ECON-815* Macroeconomic Theory, ECON-852* Quantitative Methods, and three additional graduate courses in economics.
 
Program Pattern II
Seven half-courses and a Master's Essay (ECON-898, which is equivalent to one full-course).  The courses selected must include ECON-810* Microeconomic Theory, ECON-815* Macroeconomic Theory, ECON-852* Quantitative Methods, and four additional graduate courses in economics. An average grade of 70% will be required in the course work.
The master's essay (ECON-898) will be examined and assigned a percentage grade by a committee composed of the supervisor and one other member of the department. The average grade of the two committee members will be assigned unless the individual grades differ by more than 5 percentage points. In such a case, the Coordinator of Graduate Studies or his/her delegate will examine the essay and assign a final grade based in part on consultation with the committee members. In the event of a failing grade, revision of the essay or submission of a new essay may be made on the approval of Division V.
 
Program Pattern III
Eight half-courses. The courses selected must include:
(a) one of the following two sequences: (i.) ECON-811* Advanced Microeconomic Theory I, ECON-813* Advanced Microeconomic Theory II and ECON-815* Macroeconomic Theory or (ii.) ECON-816* Advanced Macroeconomic Theory I, ECON-817*Advanced Macroeconomic Theory II and ECON-810* Microeconomic Theory
(b) ECON-850* Econometrics I or ECON-852* Quantitative Methods
(c) four additional graduate half-courses in Economics.
In addition, students must fulfil a mathematics requirement by attending and passing the Graduate Methods Review course. 
Students who are admitted to the PhD program after completing Program Pattern III will have advanced standing in the PhD program.
GRADUATE DIPLOMA IN RISK POLICY AND REGULATION The Graduate Diploma in Risk Policy and Regulation (RPRD) is a four-month program unique in Canada.

To be eligible to be considered for admission, students are required to have at least a B+ in a Master's degree in Economics (MA), a Master's in Financial Economics (MFE), or equivalent qualification.

The courses in this diploma will also be open to doctoral students in the Department of Economics and thus the diploma serves a secondary purpose: to introduce doctoral students to the study of financial risk and policy. It will comprise four compulsory courses:
  1. RPRD-801 Risk Management Theory and Applications
  2. RPRD-802 Financial Institutions Theory and Practice
  3. RPRD-803 Financial Regulation
  4. RPRD-804 Advanced Topics in Risk Management and Regulation.
Course evaluation will be based on projects, case study analysis, assignments, presentations and examinations. This is a course-based diploma and, therefore, a dissertation or major research paper is not required.
Graduate Studies Programs of Study Economics
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