A crucial strength of our programs is the quality of our faculty and of our research facilities.
The department currently consists of 28 full-time faculty members, a number of associate and adjunct professors, and several active emeriti professors. Faculty in the department have a strong research focus and have won numerous awards and honours based on the quality and impact of their research. This is complemented by the teaching excellence of department faculty, which has been recognized through teaching awards for both high-quality class room teaching and excellence in thesis supervision.
The department’s research strength has historically been empirical, applied economics in the areas of labour, health and public economics.
While the department continues to excel in these areas, recent investments in the areas of international macro, international trade and international finance make these new areas of strength.
Department faculty either lead or participate in a number of research centres at McMaster, including the Public Economics Data Laboratory (PEDAL), the McMaster Experimental Economics Laboratory (McEEL), the Centre for Health Economics and Policy Analysis (CHEPA), the Quantitative Program in Economics and Population (QSEP), the Statistics Canada Research Data Centre (RDC), and others.
Interaction with Faculty
The graduate programs at McMaster are of a modest size, designed to provide a personalized approach to training with many opportunities for interaction with faculty in the Department. In a typical year there are 12-15 students enrolled in each of our Masters programs, 25 students are currently enrolled in the doctoral program, and about 5-8 students are admitted annually. McMaster also offers a co-op option in all three of its graduate Economics Programs.
Students graduating from our programs do well on the job market.
Our Masters students typically obtain positions in the public sector at both the federal and provincial levels in a diverse set of economic and policy areas such as finance, health, education, social policy, and the environment, or in the private sector in financial institutions (e.g. CIBC, RBC), large employers with research divisions (e.g., Target), and research organizations (e.g., Dymaxium, I3 Canada). Our PhD students typically obtain faculty positions in other Canadian Universities (e.g., Carleton, University of Waterloo, University of Saskatchewan, University of Alberta), or research positions within government (e.g., Statistics Canada, Bank of Canada).