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Honours Economics: Specialist Option

The Department of Economics is modifying its Honours program by introducing a new two-stream structure. Students can work towards a B.A. Honours or a B.A. Honours-Specialist Option. Both the Honours and Honours-Specialist-Option provide a solid grounding in Economics, with minimal but highly specific differentiation between the two streams.

Hons.B.A.Honours Economics: Specialist Option

The Department of Economics is modifying its Honours program by introducing a new two-stream structure. Students can work towards a B.A. Honours or a B.A. Honours-Specialist Option. Both the Honours and Honours-Specialist-Option provide a solid grounding in Economics, with minimal but highly specific differentiation between the two streams.

A key distinction between streams is the required econometrics course. Students in the Honours stream take Applied Econometrics (ECON 3WW3) while students in the Specialist Option take Econometrics I (ECON 3U03). ECON 3WW3 is less mathematically demanding (less emphasis on probability and statistic theory) and focuses more on the application of econometrics techniques than ECON 3U03. The mathematical treatment in ECON 3U03 provides students with the necessary preparation for econometrics courses to be taken in M.A. in Economics programs. Hence students who consider pursuing an M.A. in Economics after graduation should take ECON 3U03 and the Specialist Option.

Another key distinction between streams resides in the required level III research methods course and the level IV capstone course. Students in the Honours stream take Methods of Inquiry in Economics (ECON 3F03) and Honours Economic Analysis (ECON 4A03) where they write short paper reviews and short papers analysing
current economic issues. Students in the Honours-Specialist Option take Research Methods in Economics (ECON 3FF3) and Economic Specialist Seminar (ECON 4AA3) where they present and discuss papers and write, under the supervision of a faculty member, a paper containing original research.

It is important to plan the final years of your program in advance. MA programs in economics expect students to have a B+ average in levels III and IV. Many but not all M.A. programs in economics expect that students have already taken advanced theory courses at the undergraduate level (Economics 3G03, 4T03 and 4TT3 at McMaster). At McMaster, admission to the regular M.A. in Economics requires these three courses but admission to the M.A. in Economic Policy does not. Economics 3G03 is a prerequisite for Economics 4T03 and Economics 4TT3 and is offered each year in the fall term. The two theory courses are offered in the winter term. Students considering an M.A. in economics are advised to consult with a departmental counsellor.

30 units


  • the Level I program completed prior to admission to the program.

21 units

24 units

Levels II, III, IV Economics with no more than six units from the following courses:

3 units

3 units


3 units


36 units

  • Electives. The number of units of Economics courses above Level I (excluding ECON 2B033WW3 and 3U03) must not exceed 60.

* If requirement was completed in Level I or with Grade 12 U courses, these units will be taken as electives.

Completion of any Level I program with a Grade Point Average of at least 5.0 including an average of at least 5.0 in ECON 1B03 and 1BB3. For continuation in program, see the section on Minimum Requirements for Entering and Continuing in a Program Beyond Level I.

Undergraduate Scholarships, Bursaries and Awards

All undergraduate students accepted for admission to McMaster University are automatically considered for a McMaster University entrance award. Additional entrance awards, in-course scholarships, bursaries and other forms of financial assistance is available to you at various stages of their undergraduate careers.

Each scholarship, bursary, Government Aid or Work Study Program a has its own unique application process and requirements. More information on financial aid visit the Student Financial Aid & Scholarship (SFAS) Office.

Economics students are eligible for more than fifteen Scholarships and Awards.

Academic Counseling

Department counselors are available to help answer students’ questions about course selection and degree requirements. Most questions can be handled by email. Please contact the Chair of Undergraduate Studies, Professor Marc-André Letendre, with your inquiries at To meet with a counselor please refer to the schedule below.

December 2016







10:30 – 11:30


Economics Clinics

Students having academic difficulties are encouraged to seek the help not only of their instructors and teaching assistants but also from clinics run by the Department of Economics and from the Student Success Centre. The Department of Economics provides an economics clinic that is run by graduate students who can help undergrad students having difficulties with first and second year courses.

The Economics Clinic will run from Wednesday, Sept 14th to Thursday, Dec 8th in the Fall term.


10:00AM- 1:00PM



10:00AM- 1:00PM



10:00AM- 1:00PM



10:00AM- 1:00PM


Academic Advising

The Academic Advising office is run through the Office of the Associate Dean. The primary goal of the Advising Office is to provide all Social Sciences undergraduate students with the information and guidance they need to succeed in their academic careers.

Advisors can help you make the right academic decisions by explaining policies and regulations as well as presenting different options and supports available in your studies.

An academic advisor can assist you with:

  • Course requirements, dropping and adding courses
  • Program selection, application and changes
  • Studying abroad
  • Transfer credits
  • Petitions for missed term work, deferred examinations and special consideration
  • Appeals procedures
  • Referral to other campus services

Learn more about Academic Advising in the Social Sciences.

  • ECON 1B03 - Introductory Microeconomics
  • ECON 1BB3 - Introductory Macroeconomics
  • ECON 2A03 - Economics of Labour-Market Issues
  • ECON 2B03 - Analysis of Economic Data
  • ECON 2CC3 - Health Economics and its Application to Health Policy
  • ECON 2D03 - Economic Issues
  • ECON 2F03 - The Political Economy of Development
  • ECON 2G03 - Intermediate Microeconomics I
  • ECON 2GG3 - Intermediate Microeconomics II
  • ECON 2H03 - Intermediate Macroeconomics I
  • ECON 2HH3 - Intermediate Macroeconomics II
  • ECON 2I03 - Financial Economics
  • ECON 2J03 - Environmental Economics
  • ECON 2K03 - Economic History of Canada
  • ECON 2N03 - Public Policy Toward Business
  • ECON 2P03 - Economics of Professional Sports
  • ECON 2Q03 - Economics of Bad Behaviour
  • ECON 2T03 - Economics of Trade Unionism and Labour
  • ECON 2X03 - Applied Business Economics
  • ECON 3B03 - Public Sector Economics: Expenditures
  • ECON 3C03 - Public Sector Economics: Taxation
  • ECON 3D03 - Labour Economics
  • ECON 3F03 - Methods of Inquiry in Economics
  • ECON 3FF3 - Research Methods in Economics
  • ECON 3G03 - Introduction to Advanced Economic Theory
  • ECON 3H03 - International Monetary Economics
  • ECON 3HH3 - International Trade
  • ECON 3K03 - Monetary Economics
  • ECON 3LL3 - History of Economic Theory
  • ECON 3M03 - Introduction to Game Theory
  • ECON 3Q03 - The Economics of Aging
  • ECON 3R03 - The History of Economic Growth
  • ECON 3S03 - Industrial Organization
  • ECON 3T03 - Economic Development
  • ECON 3U03 - Econometrics I
  • ECON 3W03 - Natural Resources
  • ECON 3WW3 - Applied Econometrics
  • ECON 3Y03 - Selected Topics
  • ECON 3Z03 - Health Economics
  • ECON 4A03 - Honours Economic Analysis
  • ECON 4AA3 - Economic Specialist Seminar
  • ECON 4B03 - Selected Topics
  • ECON 4G03 - Econometrics II
  • ECON 4M06 A/B - Direct Research 1
  • ECON 4N03 - Directed Research II
  • ECON 4T03 - Advanced Economic Theory I
  • ECON 4TT3 - Advanced Economic Theory II
Undergraduate Calendar | Economics Programs Economics Course Descriptions McMaster Economics Society
For more information:
Faculty of Social Sciences, Department of Economics Undergraduate Program
KTH 426
905-525-9140 ext. 22765
4 Years
Required Credential:
High School Diploma or Equivalent
Program Type:
Course based
Program Options:
Full-time, Part-time
Typical Entry:
Current Deadline: