Most students opt for the non-thesis option given that it is the standard in most graduate Economics programs in North America. This option consists of eight half courses and an extended research paper. Many students will take six courses during their first year (three in fall, three in winter); two courses in the fall of the second year and complete their extended paper in the winter of the second year.

Applicants for admission must be graduates of a recognized university, college, or institute as well as show evidence of scholarly achievement. Except where otherwise stated in the Admission Requirements of a particular program, degree students must have a four year bachelor's degree or its equivalent with at least second class standing (B) based on their last 20 half courses or equivalent. An applicant holding a degree other than one in the discipline area to which admission is sought will be considered on the basis of courses taken and academic standing. A Qualifying Year at the undergraduate level may be required to meet the admission standards. Courses taken as part of a Qualifying Year can not be used as credit towards a graduate degree. Meeting the minimum requirements does not necessarily guarantee admission. No candidate will be admitted unless the academic unit recommends admission. All applicants will be advised by the Office of Graduate Studies in writing of their admission status. In addition to the general admission requirements for Master programs, the following requirements also apply: An Honours B.A. (Economics) or an equivalent four-year degree with at least second class standing Candidates may be required to make up deficiencies by taking courses in addition to those required for the Master's degree. This will be at the discretion of the Department