Economics is a social science that studies the production, distribution, and consumption of products and services and the resource allocation decisions made by people, corporations, governments, and nations. It studies how individuals and groups allot limited resources for production, distribution, and consumption. The two subfields of economics are macroeconomics and microeconomics. 

Economics degrees in Canada are offered as certificate programs or degree programs at both undergraduate and graduate levels. Bachelor's and master's degrees can cost you up to $68,000 annually. 

A degree in economics can open doors to a wide range of work options in various career domains. The job title could be auditor, stockbroker, insurance, business manager, retail merchandiser, pricing analyst, statistician, financial consultant, or salesperson.

Also Read: Universities in Canada

Global ranking of some of the top universities in Canada for Economics courses

Here is a list of top-ranked universities offering economics degree courses in Canada.

Programs for Bachelors in Economics with tuition fees in Canada

A bachelor's degree in economics is a 3 to 4-year course offered by many universities in Canada. Here is a list of undergraduate degrees in economics provided by Canada’s top universities and the annual tuition fees for international students.

Academic Requirements

• An undergraduate degree requires a minimum of 65% to 70% at the intermediate level/ +2.
• ACT or SAT score if required by the university.

English Test Scores

• IELTS: A minimum score of 6.5 and a minimum of 6.5 in writing and speaking.
• TOEFL iBT: A minimum overall score of 90 with a minimum of 25 in speaking and writing.
• PTE: An overall score of 65.

Programs for Masters in Economics with tuition fees in Canada

The Economics master's program trains students in various theoretical, empirical, and policy-relevant areas. It is intended to prepare students for careers in the public or commercial sectors and future study in a PhD program. The top universities in Canada that provide a postgraduate taught program in economics or a closely related field are included in the table below.

Academic Requirements

• A four-year degree from a recognised institution in a related subject.
• A minimum GPA of 3.0 on a 4.0 scale.
• A GMAT or a GRE score if asked. 

English Test Scores

• IELTS: A minimum score of 7.0 and a minimum of 6.5 in reading and writing.
• TOEFL iBT: A minimum overall score of 98.
• PTE: An overall score of 70. 

Programs for PhD in Economics with tuition fees in Canada

The table below lists the top universities in Canada that offer a postgraduate research program in Economics or a closely related field.

Academic Requirements

• A four-year degree from a recognised institution in a related subject.
• Master’s degree in economics or equivalent, with high proficiency in Microeconomic Theory, Macroeconomic Theory, and Econometrics.
• A GMAT or a GRE score if asked. 

English Test Scores

• IELTS: A minimum score of 7.0 and a minimum of 6.5 in reading and writing.
• TOEFL iBT: A minimum overall score of 100.
• PTE: An overall score of 84. 

100,000+ students achieved their study abroad dreams with us.  Start your journey today.   Talk to an Expert

Top Economics Universities in Canada: Scholarships

Some of the scholarships offered to international students at different universities in Canada are listed below.

Top Economics Universities in Canada: Scope

A degree in economics will teach you essential skills such as market forecasting, pricing policies, strategic financing, business development, etc. Graduates have a variety of job options to choose from.

Potential Career Titles

• Brand Manager
• Bank Manager
• Business Development Officer
• Community and Social Service Workers
• Economist
• Economic/Community Development Officer
• Financial Analyst
• Financial Broker
• Foreign Affairs Officer
• Import and Export Advisor
• International Relations Officer
• International Trade Analyst
• Investment Analyst
• Loan Officer
• Lobbying Researcher
• Management Consultant
• Market Research Analyst
• Market Research Assistant
• Political Campaign Worker
• Procurement Officer
• Public Affairs Coordinator
• Public Policy Analyst

Potential employers

• KPMG LLP Canada
• Sun Life Financial
• The Co-operators
• Human Resources and Social Development Canada
• Ontario Ministry of Infrastructure
• Buytopia
• Lug
• Professional and Business Economist
• Banking