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Economics

What Is Economics?

Economics is the study of how societies allocate resources, make decisions, and shape outcomes – from individual choices to global systems. At McMaster, students explore everything from market dynamics and public policy to health care, international trade, and environmental sustainability.

The program blends theory with real-world application, preparing students to analyze complex problems and drive meaningful change.

What Might You Study?

McMaster’s Economics program offers a wide range of topics and subfields:

Microeconomics & Macroeconomics

Understand consumer behavior, market structures, and national economies.

Econometrics & Quantitative Methods

Use data and statistical models to test economic theories.

Public Economics & Policy

Explore taxation, government spending, and policy design.

International Trade & Finance

Analyze global markets and financial systems.

Health, Labour, And Environmental Economics

Apply economic tools to social challenges.

Program Options

Program Type

Description
Honours Economics BA Core program with options for specialization and co-op
Honours Economics BA Specialist Option Advanced training in econometrics and quantitative analysis
Combined Honours BA in Economics & Another Subject
 A multidisciplinary program that allows students to pursue advanced study in Economics alongside another chosen field
Honours Economics Co-op Combine academic study with paid work experience
BA Economics Flexible 3-year program for broad exploration
Minor in Economics Add economic insight to another major
Honours Economics & Mathematics BA Integrate analytical economics with advanced math for quantitative research and policy modeling
Honours Economics (Dual BA Specialist and MA Option) Accelerated pathway combining advanced undergraduate and graduate economics
Applied Social Sciences Research Certificate Concurrent credential focused on research skills

* Courses range from topics like Mathematical Economics, Econometrics, Public Finance, International Trade, and Experimental Economics

View Economics' 2026-2027 Courses

Kickstart Your Journey With Honours Economics I

Begin your university experience with Honours Economics I, the dedicated first-year entry point into McMaster’s Economics programs. This pathway builds a strong foundation in microeconomics, macroeconomics, and mathematical economics, while giving you the flexibility to explore other disciplines. Whether you’re headed toward policy, finance, or data-driven research, Honours Economics I sets the stage for deeper discovery and future specialization.

Explore Honours Economics I Here

Unique Opportunities

Economics students at McMaster benefit from hands-on learning, research access, and career-building experiences that go far beyond the classroom.

Research Labs & Facilities

Economics students have access to specialized labs and research centres that support cutting-edge analysis and real-world data exploration.

Experiential Learning & Internships

Economics students at McMaster can gain real-world experience through a variety of paid internships and co-op placements. These roles are offered through the Careers & Experiential Education (CEE) office and posted on OSCARplus, McMaster’s job and opportunity portal.

Key features:

These experiences help students build professional networks, apply classroom knowledge, and gain a competitive edge in the job market.

Study Abroad & Global Opportunities

Through the McMaster Exchange Program, Economics students can study abroad while earning credits and paying regular tuition. These opportunities allow students to explore global economic systems and broaden their academic horizons.

Highlights:

  • Partner universities in over 30 countries – including the UK, France, Japan, and Australia
  • Credits transfer directly to your McMaster degree
  • No international tuition fees – pay McMaster rates
  • Cultural immersion and global networking

Additional opportunities include:

  • McCall MacBain International Fellowship – Combines language study, academics, and work abroad
  • Killam Fellowships – Exchange between Canadian and U.S. universities with funding support

These programs help students develop adaptability, intercultural communication, and career-ready skills in a global context.

McMaster Economics Society (MES) Explore more about MES here!

The McMaster Economics Society (MES) is a student-led group that builds community and supports academic growth for Economics undergrads. It’s a great way to get involved, meet peers, and explore your interests outside the classroom.

What MES offers:

  • EconTalks, Meet the Profs, and Discussion Nights for academic engagement
  • Skill-building workshops like Intro to R, resume clinics, and career panels
  • Social events including trivia nights, mixers, and themed socials
  • Networking opportunities with faculty, alumni, and industry professionals

Whether you’re looking to grow academically or connect socially, MES is your gateway to getting involved in the Economics community.

MSSS Mentorship Program Find a mentor today!

Find your footing with support from someone who’s been there. The McMaster Social Sciences Society (MSSS) Mentorship Program connects first- and second-year Economics students with upper-year mentors who offer guidance, encouragement, and insider tips on navigating university life. Whether you’re unsure about course selection, exams, or career paths, your mentor is there to help.

What you’ll gain:

  • Academic advice tailored to the Economics program
  • A peer to talk to about university challenges and opportunities
  • Access to exclusive mentorship events – both academic and social
  • A sense of community and connection within the Faculty of Social Sciences

It’s a great way to build confidence, meet people, and make the most of your time at McMaster.