The Department of Economics at Carleton University offers a one-year M.A. program that admits about sixty new students each fall and a Ph.D. program that admits about six students per year. Both of these programs allow students to specialize in the areas of monetary and financial economics. As part of the M.A. program, the Department offers students the opportunity to take a Concentration in Financial Economics. M.A. students at Carleton take core courses in microeconomics, macroeconomics, econometrics, and research methods together with four graduate-level elective courses. Students in the financial economics concentration replace three of these electives with specialized courses in asset pricing, financial markets and instruments, and an elective in financial economics. After completing comprehensive examinations in microeconomic and macroeconomic theory and taking field courses, Ph.D. students write a comprehensive exam in a field of their choice. Students interested in monetary and financial economics typically write the comprehensive exam in monetary economics and then write a thesis under the supervision of a faculty member associated with the Centre.
Graduates of our programs go on to jobs in academia, the public sector, and the private sector. Over the past few years, our Ph.D. graduates have gone on to jobs at Queen’s University, Memorial University, the University of Maine, the World Bank, the Bank of Canada, and consulting positions in private firms. Over the same time period, some of our M.A. graduates have gone on to Ph.D. programs at Queen’s University or Simon Fraser University or have stayed to do a Ph.D. at Carleton. They have also been employed in public-sector institutions such as Statistics Canada, HRSDC, the Competition Bureau, the Bank of Canada, Finance Canada, and Environment Canada. Finally, our M.A. graduates have also been employed in the private sector by BMO Financial Group, Infometrica Ltd., Investor Economics, and Moody’s.