Here you will find all the details about the best Canadian economics universities that are internationally and nationally recognized for offering the best economics education and degrees.
Top 7 Canadian Economics Universities
There are 7 top universities in Canada recognized for their excellent teaching in the field of economics, these top Canadian universities for economics are;
- Department of Economics, University of Toronto
- Vancouver School of Economics, University of British Columbia
- Department of Economics, York University
- Department of Economics, Western University
- Department of Economics, University of Alberta
- Department of Economics, Simon Fraser University
- Department of Economics, McGill University
1. Department of Economics, University of Toronto
The University of Toronto is first on our list of the best Canadian universities for economics and is also ranked 24th best for economics in the world in global subject rankings according to US News World Report.
The School of Economics at the University of Toronto. deals with teaching and research spanning a variety of studies and covering theory, applied data analysis, and econometric methodology.
The college offers undergraduate and graduate (master’s and doctoral) programs, with more than 1,800 undergraduate, 70 master’s, and 15 doctoral students enrolled in the program.
The following are the admission requirements to enroll in an economics program at the University of Toronto;
- All undergraduate applicants must submit a Senior/Grade 12 English course
- Applicants whose first language is not English are required to take an English language proficiency test.
- International students must have a valid Canadian Study Permit
- Calculus and vectors is an academic requirement for college students.
- For graduate students, a suitable bachelor’s degree with at least an average grade of B (75%) in the final year of the program
- Domestic graduate applicants must take the GRE, while international applicants must take the GMAT and submit their test scores.
- Graduate students must also complete year-long courses in calculus, intermediate microeconomics, intermediate macroeconomics, and statistics.
- Application fee of CDN$90 for undergraduate applicants and CDN$120 for graduates.
The tuition fee for undergraduate students pursuing an economics degree at the University of Toronto is CDN$6,100 for domestic students and CDN$57,020 for international students, while for domestic postgraduate students the fee for the program economy is CDN$30,510 and CDN$49,880 for international students. students.
2. Vancouver School of Economics, University of British Columbia
The economics department at the University of British Columbia is known as the Vancouver School of Economics and is one of the best Canadian universities for economics and also ranks 25th in the world ranking of subjects just behind the University of Toronto. .
The Vancouver School of Economics is highly research-active and offers undergraduate and graduate degrees.
The school has leading experts in economics, finance and international trade who impart knowledge to students from Canada as well as international students from more than 50 countries. The skills that students will develop include research, creative thinking and analytical skills, the ability to communicate complex economic problems both orally and in writing, being able to learn about or respond to complex local, national and international economic problems and other knowledge that will make students succeed in the job market.
- All prospective students must demonstrate English language proficiency by taking the TOEFL/IELTS and submitting test scores.
- Prospective undergraduate students must have a minimum of 70% in 12th grade Precalculus and 12th grade English, other required related courses are Language Arts, Mathematics and Computer Science and Social Studies.
- All prospective international students must have a valid Canadian Study Permit.
- Specific course requirements for graduate applicants are a two-semester course in intermediate microeconomics, a one-semester course in intermediate macroeconomics, and a two-semester course in statistics, econometrics, and calculus.
- International graduate applicants must take the GRE and submit test scores, with a minimum score of 160 in the quantitative aspect and 3.5 in the analytical section, GMAT is not required.
- Graduate applicants will pay a non-refundable application fee of CDN$102 for domestic applicants and CDN$165 for international applicants
- The application fee for undergraduate applicants is CDN$71.75 for nationals and CDN$120.75 for internationals.
payment of studies
Here you will find the Vancouver School of Economics tuition fees for domestic and international students for both graduate and undergraduate study programs.
The tuition for undergraduates is CDN$8,810.40 for domestic students and CDN$47,872.50, the domestic tuition for graduates is CDN$4,995.79 and for the international student, the tuition is CDN$23,460.
3. Department of Economics, York University
York University ‘s Department of Economics is one of the best Canadian economics universities and also in the world, the department falls under the College of Liberal Arts and Professional Studies and offers the program at the undergraduate and graduate levels of study.
York University’s economics department employs top standard practitioners to equip students with the analytical skills necessary to understand and solve complex economic problems and to gain skills in evaluating economic theories and interpreting economic behavior through the use of data. and empirical tests.
The following are the admission requirements that prospective students entering the economics program at York University must have, the requirements below cover both international and domestic students at the undergraduate and postgraduate levels of study. These requirements are;
- Undergraduate applicants must have completed high school and possess a high school graduation diploma, with one course in English 12 and four additional Grade 12 academic subjects.
- All applicants must have a valid Canadian student visa (study permit)
- Applicants from non-English speaking countries are required to take an English language proficiency test, such as the IELTS/TOEFL
- PhD applicants must have completed a master’s degree in economics that includes a B+ average and strong performance in the areas of macroeconomics, microeconomics, and econometrics.
- Master’s applicants must have completed a 4-year honors bachelor’s degree (with at least a B average in the last two years) and must have successfully completed one term of college-level course in linear algebra, calculus, statistics and econometrics and two-term courses in intermediate macroeconomics.
- All applicants must pay the CDN $130 application fee
payment of studies
Below are the tuition fees for undergraduate and postgraduate applicants entering the economics department at York University.
The tuition for domestic undergraduate applicants is CDN$6,117.90 and for international applicants, the tuition is CDN$31,496.40. The tuition fee for postgraduate applicants is CDN$5,571 for domestic students and CDN$19,611 for international applicants.
4. Department of Economics, Western University
Western University’s Department of Economics is one of Canada’s top economics universities with an international reputation for excellence in teaching and research, offering undergraduate and graduate programs.
To pursue an undergraduate or graduate program in Economics at Western University , applicants must possess the following requirements;
- Master’s applicants must complete a 4-year Bachelor’s degree in Economics or Finance/Business at an accredited university with intermediate to advanced level microeconomics, macroeconomics, and econometrics, and quantitative disciplines such as mathematics, statistics, and actuarial science.
- A minimum GPA requirement of 3.14 for prospective graduate applicants
- International graduate applicants must possess GMAT or GRE test scores
- Applicants whose first language is not English must take an English language proficiency test, the IELTS or TOEFL.
- Undergraduate applicants must complete all grade 12 academic subjects and other admission requirements related to the educational jurisdiction in which they studied.
- A valid Canadian study permit for international students.
payment of studies
The tuition fee for undergraduate applicants is CAD8,0376.93 for domestic students and CAD35,935 for international applicants. For international students entering the master’s program, the tuition fee is CAD20,560.92 and for the PhD, CAD8,673, while domestic students pay CAD10,183.
5. Department of Economics, University of Alberta
The Department of Economics at the University of Alberta is one of Canada’s top economics universities and is also internationally recognized for its quality research, teaching and service in economics. The department, which was established in 1964, aims to create and disseminate economic knowledge for the benefit of society and the world at large.
This department offers undergraduate and postgraduate programs covering a variety of programs such as labor economics, public finance, master’s in economics and finance programs, international economics, resource and environmental economics, development economics, etc. and has up to 8,000 students registering for economics classes each year.
Below are the admission requirements for domestic and international students aspiring to pursue a bachelor’s degree program in economics at the undergraduate, master’s and doctoral levels of study at the University of Alberta.
- All applicants, regardless of their place of origin, must take the English language proficiency test with a minimum of 90 for the TOEFL or 6.5 for the IELTS.
- The required subject for undergraduate applicants is English Language, Fine Arts/Humanities/Mathematics and Science.
- All international applicants must have a valid Canadian Study Permit
- GRE for all international graduate applicants
- Graduate applicants must have completed a 4-year bachelor’s program with a GPA of at least 3.0
- For prospective graduate students, the bachelor’s degree must include advanced courses in microeconomics, macroeconomics, and econometrics, complete courses in calculus and statistics are also required at the introductory level.
- Application fee of CAD100 for graduates and CAD125 for undergraduate applicants entering the University of Alberta economics program.
payment of studies
Below are the tuition fees for international and domestic students entering the University of Alberta economics program at the Bachelor, Masters and PhD levels of study.
The tuition for undergraduate students in the economics program is $5,692.80 for domestic students and $29,500 while the graduate tuition is CAD10,500 for domestic students and CAD33,500 for international students.
6. Department of Economics, Simon Fraser University
Simon Fraser University Economics Department is one of the best Canadian economics universities and is also globally recognized. The department’s dynamic teaching and learning environment is brimming with creativity, talent, and global connections, equipping students with the talents to develop tools to think systematically about the world.
SFU’s economics department offers undergraduate and graduate programs to Canadians and foreign citizens from around the world. Find out below the requirements to facilitate your admission to this prestigious department.
- All applicants must provide proof of English language proficiency.
- A minimum grade of 60% or C in a higher level pre-calculus, mathematics, or any mathematics subject, a minimum of five approved grade 12 courses, including Studies in English 12 (minimum 70%) or equivalent for undergraduate applicants
- Graduate applicants must take the GRE
- Master’s applicants must have completed a bachelor’s degree in economics or any other related field with a 3.0 GPA, while PhD applicants must have completed a master’s degree with a 3.5 GPA.
- The application fee for graduate students is CAD 90 for domestic applicants and CAD 125 for international applicants, while undergraduate applicants pay CAD 81.
The following are the tuition fees for undergraduate and graduate students entering an economics program at Simon Fraser University;
The undergraduate tuition fee for domestic students is $195.88 (core – per unit) and $979.24 (core – per unit) for international students. Graduate applicants pay $1,946.94 (per term).
7. Department of Economics, McGill University
McGill University’s Department of Economics is one of Canada’s leading economics universities, offering quality education at the undergraduate, master’s and doctoral levels of study, all delivered by renowned academics with an international reputation.
Students in McGill University’s economics program are trained and equipped with mathematical and statistical skills, institutional and historical knowledge, and additional general reasoning and analytical skills. With the right admission requirements, you can pursue your preferred economics degree program at McGill University.
Here you will find the specific program requirements to facilitate your admission to an economics program at the undergraduate, master’s and doctoral levels of study, whether international or domestic applicants. These admission requirements are;
- All applicants must submit proof of English language proficiency.
- All international applicants must have a valid Canadian student visa
- English or French, calculus and vectors, and biology/chemistry/physics are the required subjects for undergraduate applicants.
- Master’s applicants must have a minimum GPA of 3.0 from a completed bachelor’s degree at an accredited university
- The PhD applicant must have completed a master’s degree in economics program at a recognized university.
- Graduate applicants are expected to have completed or completed three terms of introductory calculus and at least one term of linear algebra.
- International graduate applicants must take the GRE test and submit scores.
- The application fee for the undergraduate applicant is $114.37 and $117.35 for graduate applicants.
payment of studies
This section covers the tuition fees for domestic and international students who wish to apply to the economics program at the undergraduate and graduate levels of study at McGill University.
The tuition fee for an undergraduate student is CAD2,622.90 for local students, CAD8,186.40 for other Canadian citizens, and CAD18,030.60 for international students.
The tuition fee for all graduate students is CAD 13,992.
This puts an end to the details on the 7 Best Canadian Universities for Economics, apart from being the best Universities for Economics, they are also the best Universities in Canada and have worldwide recognition and reputation for quality education, but they also ranked in a place outstanding according to a program of study, especially in economics, which is why they are listed here.
It is important that you do further research on your preferred institution and that is the reason for the provision of links so that you can contact the admissions officer for more information on the program of your choice as there are also other branches of the economy that You may be interested in studying for your Masters or PhD. program.
The certificates awarded by these schools are held in high regard by all the major organizations in the world and so are the skills you will gain when you take part in any of the economics programs offered by these leading Canadian economics universities. With an economics degree from any of these leading universities, you’ve already gained a competitive advantage in the workforce over people with the same career profile.
Frequently asked questions about economic issues in Canada
What is the economy?
Economics is a field of study that deals with the production and distribution of wealth using practical and theoretical methods. The economy is actually a branch of the social sciences that is based on the system of production, purchase and sale of goods and services.
The practice of economics dates back to before 500 AD, the ancient Greeks of the time were known to use knowledge to create and distribute wealth and business, although it never became a fully established discipline until sometime in the 18th century. th – 19 th century, used to be attached to philosophy.
Today, economics is studied in institutions around the world, although now modified to fit the model of the modern business world, it has not deviated from its original reason for being practiced, as it did with the ancient Greeks. With the right institution and a quality education, you too can be a professional economist and contribute to the entrepreneurial space.
By altering the ancient economy to fit the modern world, it actually improved and even established other fields of the economy and even integrated with other sectors to strengthen it in the aspect of business and wealth distribution.
Fields of study in economics
The fields of study in economics are;
- behavioral economics
- Economic history
- Economic development
- Financial economics
- Economics of health and education
- economic business
- Agriculture, natural resources and environment
- International trade and finance
- labor economics
- law and economics
- Urban, rural and regional economy
- Macroeconomics and monetary economics, etc.
There may be more of these disciplines, but these are the most common, and you might decide to establish yourself in one more of these fields through a master’s or doctoral degree after completing a four-year bachelor’s degree in general economics.
Economics is an incredibly versatile field of study and can be used across a wide range of industries, as you’ve seen above, there’s Law and Economics, the course develops students to become critical thinkers, and there’s also the analytical skill that comes with and of course, you’ll also be a math whiz in the process.
With an economics degree, you’ll be able to analyze business-related problems and quickly devise an efficient strategy to address the problem. There is no end to where your degree can take you, after all every organization/company should deal with finances as it is even one of the main reasons for establishment.
What are the job opportunities for economics graduates?
For any job related to finance, economics is a solid foundation to build on and with your economics degree, you are open to the following job opportunities;
- financial risk analyst
- financial planner
- data analyst
- Financial Consultant
- investment analyst
- financial broker
- Import and export advisor
- loan officer
- Management consultant
- Market Research Analyst
- public affairs coordinator
- political campaign worker
- lobbying researcher
- economic researcher
- Bank manager
- International relations officer, etc.
Most of the students study economics because it is easier to get a job after graduation as most of the companies, organizations and companies need economists; you should also keep this in mind to get a degree in economics.
The next important thing is where to get an economics degree, this is very important, especially for employees and even for you too, the university or college where you got your economics degree is very important. Some schools are known for offering quality education on the course and are even recognized by employees and top organizations around the world.
Now, earning your economics degree from one of these leading institutions will also make you a standout, highly respected among your peers and employees and has automatically given you an edge over people with the same job profile when applying for a job. job.
In addition, the country in which you earn your degree should also be taken into account because while some degrees from some countries are recognized worldwide, others are not and this may affect you when you decide to move to another country and find that you are unable to work with your economics degree in that country because it is not considered authentic. In this article, you will learn about the right place to get an economics degree and also about the best universities.
Canada as a place of study
Canada is an interesting place to study, it has all the points of a favorable study center and is even recognized in both the national and international categories. Every year, Canada opens its doors to thousands of students to come study at its world-class institutions and earn the best degrees.
Degrees awarded at Canadian universities are recognized by employees of any organization around the world, so this has solved the problem of studying an economics degree in the right place. Canada also has top-ranking institutions recognized for excellent economics education, recognized by various ranking and HR platforms around the world.
Now that you have this information, why not consider studying economics at one of the best universities in Canada?