Phd EconomicsApplicants must have completed, or be in the process of completing a
Master's degree in Economics, with an average of at least B+ . There is
no admission directly to the doctoral program from a bachelor's degree
offered. (As not all Master's degrees are equivalent to a Master's
degree from the University of Toronto applicants should refer to the equivalent qualifications chart for guidance.)
These minimum requirements, however, do not imply automatic acceptance into the
program. Each application must be supported by letters of reference from
three instructors, including at least two from the applicant's instructors in the M.A. program.
Applicants without a degree from a Canadian university are required to submit official general
GRE test scores and may be required to write the
TOEFL.
Please read the GRE and English Language Facility information for important details.
NOTE: The GMAT cannot be substituted for the GRE test score.
Occupational field/ Target audience
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Focus / Curriculum
The first year of study is focused on economic theory and econometrics. It begins in
late August with an intensive three-week review of basic mathematics and statistics (ECO 1011H). Students
then normally take two half-courses in microeconomics (ECO 2020H and 2030H),
macroeconomics (ECO 2021H and ECO 2031H); and econometrics (ECO 2400H and ECO
2401H). Suitable graduate level courses taken by an applicant from the department's M.A. program may
fulfill some of the course requirements of the Ph.D. program.
All candidates are required to take the microeconomic and macroeconomic theory
comprehensive examinations in June of their first year of residence to display the candidate's
critical ability and mastery of the area; evaluation is on a pass/fail basis. The corresponding
first-year courses are viewed as essential for these examinations.
During the second year, students complete their course work and examinations, and
prepare to undertake independent research. Each student chooses two field areas from A-L, taking the
equivalent of THREE half-year courses in each field. (Subject to departmental aproval, a student may
propose an alternate field not listed below.)
A. Mathematical Economics B. Financial Economics C. History of Economic ThoughtD. Economic History E. International Economics F. Econometrics G. Monetary Economics H. Public Economics I. Economic Development J. Labour Economics K. Industrial Organization L. Law and Economics
Each field sequence consists of two half-year courses, which are taken by all
students in the field, plus a third course chosen from a list compiled by the area coordinator.
Prior to the end of the spring term, students must identify one field area as their major field, with
the other designated as the minor field; students are then required to pass the spring field
comprehensive examination in their major field. Each second-year student must also participate
in the full-year graduate research seminar (ECO 4060Y) in which students and faculty critique
recent working papers and publications and discuss possible topics for student research;
participation in this seminar continues into the third year.
NOTE: ECO 4060Y is a continuous course. Once students enrol in
this course they remain registered until they receive a grade of "CR"
indicating successful completion.
Candidates are required to write a paper prior to undertaking their dissertation research. This
paper should contain a well-defined piece of original research and be aimed at journal
publication. It must be supervised by a faculty member. Since a final draft of this paper
must be submitted by September 1st of the third year of the Ph.D. program, students are urged to
begin looking for a topic and a supervisor early in the fall of their second year. The paper must
be presented in a departmental workshop during the third year.
During the third year of residence, each Ph.D. candidate selects a thesis
topic and supervisor. The candidate submits a thesis prospectus which must be approved by his/her thesis committee
and must subsequently make a thesis progress report at a departmental workshop. The candidate
is expected to regularly attend the specialized workshop in his/her research area.
After the final draft of the thesis has been accepted by the department, an oral examination is
scheduled whereby the thesis is publicly defended in accordance with the established procedures of
the School of Graduate Studies.
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