Degree and Diploma Programs by Graduate Unit
2014-15 SGS Calendar
Economics
Faculty Affiliation
Arts and Science
Degree Programs Offered
Economics—MA, PhD, JD/MA, JD/PhD
Joint Degree Program Offered
The following program is offered jointly by the Department
of Economics and the Rotman School of Management:
Financial Economics, MFE.
Collaborative Programs
The following collaborative programs are available to
students in participating degree programs as listed below:
1. Asia-Pacific Studies
 Economics, MA
2. Environmental Studies
 Economics, MA
Overview
The Department of Economics offers degree programs
leading to the Master of Arts, Combined Juris Doctor/
Master of Arts, and Doctor of Philosophy. Graduate
program details appear on the department's website.
Contact and Address
Web: www.economics.utoronto.ca
Email: www.economics.utoronto.ca/index.php/index/index/
contact
Telephone: (416) 978-4544
Department of Economics
Max Gluskin House
University of Toronto
150 St. George Street
Toronto, Ontario M5S 3G7
Canada
Degree Programs
Economics
Master of Arts
Minimum Admission Requirements
 Applicants are admitted under the General Regulations
of the School of Graduate Studies. Applicants must also
satisfy the Department of Economics' additional
admission requirements stated below.
2014-2015 School of Graduate Studies Calendar
www.sgs.utoronto.ca/calendar
 An appropriate bachelor's degree with at least a mid-B
(75%) standing in the final year of the program.
 Successful completion of full-year courses in calculus,
intermediate microeconomics, intermediate
macroeconomics, and statistics.
 Admission is competitive, so accepted applicants will
normally have achieved a standing considerably higher
than the minimum of at least a mid-B (75%) in the final
year.
 All applicants who do not hold a degree from a Canadian
university must submit an official Graduate Record
Examination (GRE) General Test score. Applicants who
hold a degree from a Canadian university are strongly
encouraged to submit an official GRE General Test
score. See the website for details.
Program Requirements
 For the MA regular stream, successful completion of the
mathematics and statistics course (ECO 1010H) and 4.0
full-course equivalents (FCEs) including the core
courses micro (ECO 2060H), macro (ECO 2061H), and
econometrics (ECO 2408H).
 For the MA doctoral stream, successful completion of
the mathematics and statistics course (ECO 1011H) and
4.0 FCEs, including the core courses micro, macro, and
econometrics. Of the three core courses, one sequence
must be taken at the PhD level. The corresponding
courses at the PhD level are ECO 2020H and ECO
2030H (micro), ECO 2021H and ECO 2031H (macro),
and ECO 2400H and ECO 2401H (econometrics), along
with the respective associated tutorial (ECO 2050H,
ECO 2051H, or ECO 2410H).
Program Length
2 sessions full-time (typical registration sequence: F/W);
6 sessions part-time
Time Limit
3 years full-time; 6 years part-time
Doctor of Philosophy
Minimum Admission Requirements
 Applicants are admitted under the General Regulations
of the School of Graduate Studies. Applicants must also
satisfy the Department of Economics' additional
admission requirements stated below.
 Minimum B+ standing in an MA program in economics.
Admission is competitive, so accepted applicants will
normally have achieved a standing considerably higher
than the minimum B+.
Economics
1
Degree and Diploma Programs by Graduate Unit
 A strong preparation in advanced mathematics,
statistics, and economics, including successful
completion of MA-level microeconomic theory,
macroeconomic theory, and econometrics.
 All applicants who do not hold a degree from a Canadian
university must submit an official Graduate Record
Examination (GRE) General Test score. Applicants who
hold a degree from a Canadian university are strongly
encouraged to submit an official GRE General Test
score. See the website for details.
Program Requirements
o Microeconomic Theory
o Macroeconomic Theory
o Econometrics
o Economic Development
o Financial Economics
o Industrial Organization
o International Economics
o Labour Economics
o Public Economics
Program Length
4 years full-time
 The PhD is a full-time program. Applicants must be
Time Limit
registered as full-time students for a minimum period of
three years.
 Students must maintain a minimum average of B+
throughout their coursework.
 Year 1: normally two half courses in microeconomics
(ECO 2020H and ECO 2030H), macroeconomics (ECO
2021H and ECO 2031H), and econometrics (ECO
2400H and ECO 2401H).
 Year 2: students choose six half courses, including the
required courses for a major field and a minor field.
 Second-year and third-year students must also
participate in the full-year Graduate Research Seminar
(ECO 4060Y0).
 Suitable PhD-level courses taken by a student in the MA
program in the Department of Economics may fulfil some
of the course requirements of the PhD program.
 An original paper must be written in the second year and
presented in the relevant workshop in the fall of Year 3.
 By the spring of Year 3, students must submit a
proposal to a formal dissertation committee.
 A thesis based on original research.
Combined Juris Doctor/Master of Arts
General Examinations
Successful Completion of Theory Comprehensive
Examinations
 Students are required to take two comprehensive
examinations in microeconomic and macroeconomic
theory after the end of the Winter session (usually June)
in Year 1 of their program. Performance on these exams
is evaluated on a distinction/pass/fail basis. If a theory
comprehensive examination is failed on the first attempt,
it must be re-taken later in the Summer (usually in
August) of the same year.
Successful Completion of Field Comprehensive
Examination
 All students are required to take a comprehensive
examination in their major field after the end of the
Winter session in their second year (usually May). If the
exam is failed, it must be re-taken later in the Summer
(usually in August) of the same year. The major fields
offered regularly are:
2014-2015 School of Graduate Studies Calendar
www.sgs.utoronto.ca/calendar
6 years full-time
For full details, see the Juris Doctor/Master of Arts
(Economics) entry in the Combined Programs section of
this calendar.
Combined Juris Doctor/Doctor of
Philosophy
For full details, see the Juris Doctor/Doctor of Philosophy
(Economics) entry in the Combined Programs section of
this calendar.
Course List
Not all courses are offered every year. Please refer to the
department's website for a current list.
Preliminary Courses
ECO 1010H Mathematics and Statistics for MA
Regular Stream Students (Credit/No
Credit)
ECO 1011H Mathematics and Statistics for MA
Doctoral Stream and PhD Students
(Credit/No Credit)
Core Courses in Economic Theory
ECO 2020H Microeconomic Theory I
ECO 2021H Macroeconomic Theory I
ECO 2030H Microeconomic Theory II
ECO 2031H Macroeconomic Theory II
ECO 2050H Applied Microeconomics
ECO 2051H Applied Macroeconomics
ECO 2060H Economic Theory—Micro (for MA students
only)
Economics
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Degree and Diploma Programs by Graduate Unit
ECO 2061H Economic Theory—Macro (for MA
students only)
Advanced Microeconomic Theory
ECO 2100H
Advanced Microeconomic Theory I
ECO 2101H
Advanced Microeconomic Theory II
ECO 2102H
Topics in Microeconomic Theory
ECO 2106H
Market Design (exclusion: ECO
426H)
History of Economic Thought
Macroeconomics and Monetary
Economics
ECO 2103H Topics in Macroeconomic Theory
ECO 2104H Quantitative Macroeconomics
ECO 2500H Monetary Theory I
ECO 2501H Monetary Theory II
ECO 2502H Advanced Monetary Theory
ECO 2503H Financial Economics I (exclusion: ECO
419H)
ECO 2004H The History of Economic Thought
ECO 2504H Financial Economics II
ECO 2006H Topics in the History of Economic Thought
Economic History
ECO 2214Y
The International Economy Since 1870
ECO 2234H
Topics in North American Economic
History
International Economics
ECO 2505H Macroeconometric Models for Policy
Analysis and Forecasting (exclusion: ECO
416H)
ECO 2506H Economics of Risk Management
(prerequisite: ECO 358H [70%]/ECO 460H
[70%]; exclusion: ACT 349H, ECO 461H,
MGT 331Y, MGT 337Y, MGT 438H, RSM
332H, RSM 333H, RSM 435H)
ECO 2300H International Trade Theory
ECO 2507H International Financial Markets
ECO 2301H International Monetary Theory
ECO 2508H Applied Financial Risk Management
ECO 2303H International Macroeconomics
ECO 2304H International Trade II
ECO 2305H Topics in International Finance
ECO 2510H Financial Market Microstructure
(exclusion: ECO 463H)
ECO 2511H Empirical Financial Economics (exclusion:
ECO 464H)
ECO 2310H Topics in International Trade
Econometrics
ECO 2400H Econometrics I
ECO 2512H Topics in Business Cycles (exclusion:
ECO 438H)
Public Economics
ECO 2401H Econometrics II
ECO 2600H Public Economics I
ECO 2402H Advanced Econometrics
ECO 2601H Public Economics II
ECO 2403H Topics in Econometrics
ECO 2606H Topics in Public Economics
ECO 2404H Empirical Applications of Economic
Theory (exclusion: ECO 418H)
ECO 2610H Health Economics
ECO 2611H Empirical Welfare Analysis
ECO 2408H Econometrics (for MA students only)
ECO 2620H Topics in Health Economics
ECO 2410H Applied Econometrics
ECO 2411H Financial Econometrics (exclusion: ECO
462H)
Economic Development
ECO 2700H Economic Development
ECO 2701H Development Economics I
2014-2015 School of Graduate Studies Calendar
www.sgs.utoronto.ca/calendar
Economics
3
Degree and Diploma Programs by Graduate Unit
Course that may continue over a program. The course is
graded when completed.
0
ECO 2703H Development Economics II
ECO 2704H Topics in Growth and Development
ECO 2738H Economic Development of China
(exclusion: ECO 435H)
Labour Economics
ECO 2800H Labour Economics I
ECO 2801H Labour Economics II
ECO 2802H Economics Inside Organizations
ECO 2803H Methods for Empirical Microeconomics
ECO 2808H Topics in Economics of the Family
(exclusion: ECO 432H)
Industrial Organization
ECO 2900H Industrial Organization I
ECO 2901H Industrial Organization II
Law and Economics
ECO 3501H
Economic Analysis of Law
ECO 3502H
Energy and Regulation (exclusion: ECO
414H)
ECO 3504H
International Trade Regulation (also LAW
285) (exclusion: ECO 459H)
Other Courses
ECO 2908H
Environmental and Resource Economics
ECO 3202H
Urban and Regional Economics
ECO 3300H
Political Economy (exclusion: ECO 434H)
ECO 3500H
Economics of Organizations and
Contracts
ECO 4050H
Reading Course in an approved special
field#
ECO 4051H
Reading Course in an approved special
field#
ECO 4060Y0
Graduate Research Seminar (Credit/No
Credit)
The department is normally prepared to supervise
reading courses in a variety of fields. Reading courses are
available only to students who have the requisite
preparation and only at the discretion of faculty members.
#
2014-2015 School of Graduate Studies Calendar
www.sgs.utoronto.ca/calendar
Economics
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Degree and Diploma Programs by Graduate Unit
2014-2015 School of Graduate Studies Calendar
www.sgs.utoronto.ca/calendar
Economics
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