McMaster’s Economics program is one of the best in Canada. Economics is a fascinating field of study with many sub-fields, as demonstrated by our extensive list of undergraduate courses. The analytical and decision making skills learned apply to a wide range of employment opportunities.
Our degree programs and pathways will prepare you for the next stage in your life – whether that is graduate school or the start of a career. Honours degree options include combined majors in mathematics or computer science. Economics graduates are in demand by employers. Alumni have successful careers in many areas. Some examples include law, finance, politics, business and academics. Our alumnus, Dr. Myron Scholes, was the 1997 Nobel Prize winner in Economic Sciences.
Highlighted Undergraduate Courses
Economics 1ME3 – Introduction to Mathematical Economics
This course is an introduction to mathematical and statistical methods applied in economics. It will improve the mathematical skills required to study intermediate economic theories and analyze economic data. Topics include partial derivatives, optimization, basic probability and statistics, and linear algebra. The mathematical results are illustrated through fundamental economic applications.
Prerequisite(s): Registration in Economics I; Registration in Social Sciences 1 or Honours Health and Society I and completion of Grade 12 Calculus or MATH 1F03
ECON 3EE3 – Econometrics I (formerly ECON 3U03)
This course elaborates on regression techniques developed in ECON 2B03 and their applications. It will discuss problems of inference and interpretation in the analysis of economic data. The course also provides an introduction to forecasting in economics.
Prerequisite(s): ECON 2G03, 2Z03 or 2X03; and 2H03; and 2B03 with a grade of at least B-; and registration in an Honours Economics program with a GPA of at least 6. The ECON 2B03 prerequisite can be met by getting a grade of at least B+ in one of the following alternative statistics courses: CHEMENG 4C03, COMMERCE 2QA3, POLSCI 3N06 A/B, POLSCI 3NN3, PNB 2XE3, 3XE3, SOCIOL 3H06 A/B, STATS 2D03 or another course that is approved by a departmental counselor as equivalent to ECON 2B03.
Antirequisites: ECON 3WW3, ECON 3U03, ECON 3E03
All Economics Courses
The degree has greatly built a foundation for my future career and personal developments. It motivates and encourages me to embark on a self-learning journey that I would not have started otherwise. I was also able to explore different topic areas that were quite interesting to me personally while doing my undergrad, which helped in my personal research that really contributed to my career path.