Economics (Faculty of Arts)

How do societies decide what to produce, and how much of it? What determines prices, exchange rates, interest rates and levels of inflation? As an Economics student, you will explore the answers to these questions. You'll gain an understanding of how economies function internally and on a global scale, what drives consumers, and how public policy and global events affect markets.  

McGill's Major in Economics offers a flexible curriculum where you can follow your interests – whether that's economic history and development, environmental economics, international trade and finance, labour economics, money and banking or public finance.

The Honours program in Economics is a challenging program that allows you to explore your interests while building strong mathematical skills. Pursuing a Minor in Economics is a great way to complement studies in other fields like international development and political science.   

• Canadian citizenship or Canadian permanent residency
• 23 years of age or older by the start of classes (21 years of age for the Faculties of Management and Music)
• No high school, college or university level studies within the last five years that would constitute a basis for admission
• Two letters of reference
• Mature Student Statements:
  • Letter of Intent, including description of all educational experiences
  • Complete resume of employment and other activities, highlighting points relevant to the application
• In some cases, an interview may be required
• Demonstrate academic potential by successfully completing a minimum number of specific courses (see 'Minimum grades & prerequisites' below) within the three-year period prior to admission and no later than May 15th of the year of application for the intended program (May 1 for some programs). These courses, which may be completed at CEGEP or university, will also fulfill prerequisites for the intended program. 

Although careers in business and finance are common with a background in economics, you can also find a future in law, government, non-profits, international relations, academia, and more. You will gain important transferable skills in analysis and problem-solving that open doors to many careers after graduation.  

You could become a professional: 

• Economist  
• Data analyst 
• Accounting clerk 
• Management consultant 
• Economic researcher 

1. Know your deadlines.

   Mark your calendar with these important dates regarding your application. 

2. Decide what to study.

   Use the program finder tool to explore over 300 undergraduate programs and find your best match. 

3. Make sure you're eligible.

   Admission to most programs is based on grades only. In this step, you'll find:
   • How your academic record is reviewed
   • The grades that gained entrance to your program in previous years
   • The prerequisites for your program

4. Get ready to apply.

   As of October 1, you can apply. Complete each step of the pre-application to-do list, including:

   • Understand the deadlines that apply to you
   • Prepare your academic documents
   • Identify supporting documents you'll need to provide

5. Submit your application.

   Review our tips on how to apply and see what the application fees will be. Remember that you can apply to two programs.

6. Apply for an entrance scholarship.

   Look into entrance scholarships early! The deadline is usually a week after your application deadline. This page provides information about entrance scholarships, bursaries, and other funding opportunities.

7. Submit documents and keep in touch.

   We'll connect with you by email to let you know when to upload supporting documents, if required. In this step, you'll see:
   • How to follow your applications status
   • Supporting documents you may need to prepare
   • How to submit supporting documents, including self-reporting your grades