"The Queen’s Economics Department is a fantastic place to be a graduate student. The coursework is challenging and the professors are approachable. Queen’s not only offers one of the top ranked Ph.D. programs in the country, it also provides a very collegial environment for learning. The department hosts regular workshops in microeconomics, macroeconomics and econometrics and provides grad students with the opportunity to meet and engage with visiting researchers. Grad students also regularly interact with each other in seminars, courses and reading groups. All of these factors have enriched my graduate school experience and helped me grow as a researcher. I should also mention there is a weekly doughnut hour with faculty!”
Kevin Andrew, PhD candidate
Queen’s offers what we believe are the finest graduate programs in Economics in Canada. Our programs prepare students for both applied and theoretical research, and, especially in the case of the M.A. program, for nonacademic careers in both the private and public sectors. Both programs involve a core of courses in economic theory and quantitative methods, together with a range of specialized electives chosen according to each student’s interest.
We offer opportunities to collaborate with the School of Business, Policy Studies and the combined Economics/JD program. Also, because of our low student-to-faculty ratio, and our ability to provide office space within the department you will have ample opportunity to interact with faculty members, in both the M.A. and Ph.D. programs.
Career paths – employment opportunities
M.A. Job Placements: The Bank of Canada, the Department of Finance, Statistics Canada, Industry Canada, Health Canada, the World Bank, the International Monetary Fund, the Bank of Montreal, Toronto Dominion Bank, the Federal Reserve Bank of Chicago, and Goldman Sachs. As well as placements to do a PhD at various universities in North America and the UK.
Ph.D. Job Placements: the Universities of Toronto, Wisconsin, Hong Kong, Indiana, University College London, Vanderbilt University, HEC (Montreal), and the International Monetary Fund.
M.A.: 1 year
Ph.D.: 4 years
Method of Completion
M.A.: Course work, independent research project/essay, oral exam. Master’s students have the opportunity to engage in an independent research project. All faculty members are available as supervisors of these projects.
Ph.D.: Course work (includes preparation in economic theory, quantitative methods and areas of specialization), comprehensive written exams in micro and macro theory, doctoral thesis.
Macroeconomics: Starting from an introduction to Dynamic Programming, students will develop tools and techniques that have become standard in the analysis of dynamic economies. Students will be exposed to cutting edge research and are expected to develop their own research ideas.
Microeconomic Theory: The study of firms and consumers and their interactions to determine the workings of a market economy. Strategic interactions between various players in different settings is also studied.
Applied Microeconomics: Applied microeconomics includes a range of specialized areas of study, which can draw on methods from other fields of economics. However applied work, utilizes the basic principles of price theory, supply & demand, and game theory.
Econometric Theory: Econometric theory applies the tools of statistics to economic problems. It develops methods for testing and quantifying economic theories and relationships in data.
Applied Econometrics: Applied econometrics focuses on using techniques to analyze data and uses statistical methods to produce empirical evidence to test opinions and theories.
Economic History: Using contemporary methodological and empirical techniques in an effort to understand fundamental economic relationships that have been operable in the long run. While economic history does help us to understand the past, its primary focus involves the use of past experience to illuminate current and future economic interactions.
Basic Funding Package: consists of scholarships and teaching assistantships
Ph.D.: $18,000 (guaranteed minimum annual stipend although most students receive more than this minimum)
All applicants will be considered for financial assistance if they so stipulate on the application.
We strongly encourage applicants to apply for all possible sources of external funding, including SSHRC, OGS and others. Entering graduate students who win federal government tri-council awards are automatically provided a $5,000 (Masters) and $7,500 (PhD) top-up award by Queen’s.
Internal funding includes the C.A. Curtis Prize, the Richard S. Malone Graduate Fellowship in Economics, and the Scarthingmoor Prize which awards $8,000 to the author of the best M.A. essay
Please note that in the academic background section we require a list of your five most recent courses and marks in economics, math, or statistics.
- Honours Bachelor’s degree with a major in economics or a related field, minimum upper second-class standing (Most students have first-class averages.)
- Most successful applicants have undergraduate credits in statistics and quantitative methods for economics, intermediate and advanced micro and macroeconomic theory, and two or three further upper-year courses in economics, plus courses in linear algebra and differential and integral calculus.
- Honours Bachelor’s degree and a Master’s degree in economics or a related field.
- If you are applying for the Ph.D. program, you should submit marks from at least one term of your M.A. program.
Any applicant whose previous degree is not from a Canadian or U.S. university must submit GRE scores. For international students, if required, a TOEFL total score of at least 600 (paper-based) or TOEFL iBT minimum scores of: writing (24/30); speaking (22/30); reading (22/30); listening (20/30), for a total of 88/120. Applicants must have the minimum score in each test as well as the minimum overall score.
MELAB score of 80 or an IELTS score of 7
Key Dates and Deadlines
Application Deadline: January 15 for online applications.
Notification of Acceptance: Mid-February onwards.
Forecasting in the financial world