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Economics, the science of understanding how societies allocate scarce resources, has captured the imagination of countless individuals around the world. The US and Canada are at the state of the art of giving top-notch financial training. In this blog, we will embark on an enlightening journey to explore the excellent economics courses available in these two nations. We will highlight their academic prowess, pioneering institutions, diverse specializations, and the countless opportunities they present to aspiring economists.
Canada is renowned for its world-class universities and colleges that offer cutting-edge programs in various fields, including economics. Students benefit from expert faculty, innovative teaching methodologies, and a rigorous academic environment.
The Prestigious Institutions : Canada boasts an impressive array of universities renowned for their economic programs. In the USA, institutions like Harvard University, Princeton University, Stanford University, and the Massachusetts Institute of Technology (MIT) have left an indelible mark on economics. Similarly, Canada's renowned universities, such as the University of Toronto, McGill University, and the University of British Columbia, have received international acclaim for their outstanding academic performance.
Accreditation and Recognition : Economics courses in both countries are accredited by professional bodies, ensuring their adherence to international standards. Accreditation by organizations such as the American Economic Association (AEA) and the Canadian Economics Association (CEA) further cements the credibility of these programs.
In Canada, universities and colleges offer various economics courses at the undergraduate and graduate levels. Some common economics course names you might find in Canadian institutions include:
Principles of Microeconomics
Principles of Macroeconomics
Intermediate Microeconomics
Intermediate Macroeconomics
Econometrics
Money and Banking
International Economics
Development Economics
Public Economics
Environmental Economics
Labour Economics
Managerial Economics
Economic Policy Analysis
Game Theory and Industrial Organization
Economic History
Mathematical Economics
Behavioural Economics
Financial Economics
Health Economics
Urban and Regional Economics
There are many universities in Canada that offer Economics courses at different levels. You can check these universities' names below.
| University Name | Place | QS Global University Ranking 2024 |
|---|---|---|
| University of Toronto | Ontario, Canada | #20 |
| University of British Columbia | British Columbia, Canada | #23 |
| McGill University | Quebec, Canada | #111 |
| Western University | Ontario, Canada | #118 |
| University of Montreal | Quebec, Canada | #129 |
| Queen’s University at Kingston | Ontario, Canada | #139 |
| University of Alberta | Alberta, Canada | #151-200 |
| Simon Fraser University | British Columbia, Canada | #201-250 |
| University of Calgary | Alberta, Canada | #201-250 |
| York University | Ontario, Canada | #201-250 |
Knowing the cost of studying at Canada universities is always important when considering an international university. The university's tuition costs for your course will have a direct impact on how much money you may set aside for expenses as a student.
The average cost of studying in Canada for an Economics course is between $15,000 and $61,000 per year. However, the cost may vary from institute to institute and from course to course. You may verify the course cost on the university's official website or talk with one of our counsellors, who are subject-matter experts.
After you have determined the expense of your studies, you must also determine the cost of living in Canada. As you are all aware, Canadian currency is more valuable than the Indian rupee. However the cost of studying in canada is quite affordable as compared to many other destinations.
In Canada, the average cost of living is between $10,000 to $12,000. However, it will also be determined by your lifestyle, where you reside in Canada, and various other things.
Canada is the most popular destination to study economics because of its practical approach and most experienced faculty. .Also note the universities and colleges in canada do provide scholarships to the students if they perform exceptionally well in there academic year.
Although, there is an option to manage your expenses - Getting scholarships to complete your course. Yes, the canadian government and its universities provide scholarships for international students where students can apply for them and get help managing expenses. Below, you can check some scholarships in Canada –
A. F. Barss Memorial Scholarship
A. George Oikawa Scholarship
AAEA master’s Scholarship
AAEA Undergraduate Scholarship
Abner Kingman Fellowships in Arts
Aboriginal Graduate Scholarship in Economics
Economics graduates in Canada can expect competitive salaries, with earnings varying based on the specific role, experience, and location. Entry-level positions may offer around $50,000 to $60,000 annually, while experienced economists or consultants can earn significantly higher salaries.
Studying economics in Canada offers an enriching academic experience, exposure to a multicultural society, and promising career prospects. With top-notch universities, diverse economics courses, and ample support for international students, Canada remains an appealing choice for those aspiring to make a positive impact in the field of economics.
If you are unsure or want deeper insight, we encourage you to speak with our expert counsellors at Meridean Overseas Education Consultants (MOEC).
If you are cannot to travel to our offices, we offer online counselling services via our website. Our dedicated counsellors will provide the best guidance regarding your application to study in Canada. Don’t hesitate to contact us at application02@meridean.org or call us at 1800-1230-00011.
If you found this information useful, please share it with your friends looking to study in Canada.
The duration of an Economics course in Canada varies depending on the level of study. For a bachelor’s degree, it typically takes four years to complete. A master’s degree usually requires around two years, while a Ph.D. program may take four to six years.
Yes, the duration of an Economics course in Canada can be extended in certain cases. Factors such as part-time study or taking additional courses can lead to a longer duration. However, specific policies vary among educational institutions.
Yes, some Canadian universities offer accelerated programs for Economics. These programs allow students to complete their studies in a shorter time frame, usually by taking more intensive courses or attending classes during the summer.
Yes, international students are welcome to pursue Economics courses in Canada. They need to obtain a study permit and meet the admission requirements of the chosen educational institution.
Completing an Economics course in Canada opens up various career opportunities. Graduates can find employment in fields like finance, banking, government agencies, research institutions, and international organizations. Job roles include economists, financial analysts, policy advisors, data analysts, and opportunities in academia and research.
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