Master in Economics

Lakehead University, with campuses in Thunder Bay and Orillia, Ontario, offers a welcoming, student-centred experience focused on applied learning and community engagement. Founded in 1965, Lakehead enrolls nearly 10,000 students and provides a broad range of undergraduate and graduate programs across arts, sciences, engineering, business, health and social sciences. The university is recognized for combining strong research with experiential learning opportunities and a commitment to Indigenous education.

Lakehead’s strengths include interdisciplinary research, hands-on labs, co-op placements and community-based projects that prepare students for practical careers. Faculty members emphasize mentorship and small-group teaching, enabling closer interaction and tailored academic support. The university also promotes sustainability initiatives and integrates Indigenous perspectives across curricula, creating a diverse learning environment that values multiple ways of knowing.

Campus life in Thunder Bay and Orillia offers a balance of outdoor recreation, cultural events and student services, with supports for international students such as orientation, advising and academic resources. Affordable living costs and strong campus communities help newcomers adapt and thrive. Applicants should highlight relevant experience and interest in applied learning, and investigate scholarships, work-study options and co-op pathways to enhance both study and career prospects.

The Master in Economics at Lakehead University is a 2-year program for students who want to deepen their understanding of economic theory and its applications. This master's degree helps students develop strong analytical and problem-solving skills. The program's main advantage is its non-thesis option, which is standard in most graduate Economics programs in North America.

The curriculum includes courses like Microeconomic Theory, Macroeconomic Theory, and Econometrics, which help students develop skills in data analysis, critical thinking, and research. Students also learn about Mathematical Economics, Applied Econometrics, and Game Theory, and can choose from a variety of field options to specialize in areas like International Economics, Development Economics, or Financial Economics.

Graduates of this program can pursue careers as Economic Analysts, Financial Economists, Policy Analysts, Research Economists, or Business Development Managers. They can work in industries like finance, government, consulting, or non-profit organizations, and can be employed by companies like banks, investment firms, or government agencies.