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Program Description

 
The Master's Program in Economics at Duke University is designed be completed in three to four semesters. The M.A. requires a minimum of 30 units of coursework (actual number completed dependent upon needs and prior preparation), with a curriculum of courses in economics and related fields designed by the student and the Master's Coordinator to create an individualized program. The Master's program is designed to give students a breadth of economic experience in both macroeconomics and microeconomics, with an emphasis on mathematics, but with enough flexibility in course requirements to allow the students to pursue their own areas of academic interest. In addition to a variety of Master's level courses, students in the program are welcome to enroll in doctoral level courses in Economics and other related departments such as Political Science, Public Policy, Finance, Statistics, and Mathematics as part of developing the student's personalized program of study. The M.A. in Economics does not require a thesis; however, students are required to produce a piece of original research, separate from classroom assignments, termed the "non-thesis academic exercise" which will allow them to evolve from a consumer of economic instruction to a producer of economic product. Alternatively, students may elect to complete a set of advanced additional courses, and then sit for an informal oral examination.
     
     

 

  Goals
A vibrant MA program provides a rigorous program of studies to a select group of creative, bright individuals with baccalaureate degrees, but for whom the doctoral program is not currently appropriate. The Duke Master’s program in Economics aims to attract students comparable in ability to those in the Economics PhD program – though not always as advanced technically, or with a prior background in Economics. This group includes those gaining additional skills prior to entering a doctoral program, international scholars and researchers aiming for a 12-24 month period of retooling and gaining new skills, technical economists with more applied rather than academic interests, and those with interdisciplinary interests. The MA program also seeks to draw into Economics a highly diverse group – both in terms of background and experience – thereby enriching the graduate student body. The program’s coursework naturally overlaps with both undergraduate and doctoral programs, but also contains a set of specific MA courses, which also can be used to satisfy course requirements for some doctoral students from other departments.
     

Duke MA in Economics 2008-2009: What’s New?

     

Core course offerings in Macroeconomics continue to expand – now a 3-course sequence!
Until this year, we have offered a single macroeconomics course, Econ 210. At present, it emphasizes dynamic general equilibrium models http://www.econ.duke.edu/ecoteach/masters/210.pdf  – a critical part of macroeconomics, but not the whole story. To bolster it, the senior undergraduate Growth Economics (Econ TBA) seminar is now adding a master’s section, so that students will have a choice of advanced macroeconomics courses, or can take the entire sequence. In addition, those with international interests can take a third course, International Monetary Economics (Econ 266) http://www.econ.duke.edu/ecoteach/masters/266.pdf.

Advanced field courses!
There are relatively few advanced field courses in which MA and PhD students interact: most MA students tend to take doctoral courses in theory and econometrics, but not in applied topics. To address this, starting in 2008 we will be offering:

  • Economic History (Econ 285/385), an advanced graduate seminar aimed both at MA and PhD students;
  • Health Economics (Econ 357), an intermediate PhD seminar that is accessible to advanced MA students.

More field courses for MA students!
Several senior undergraduate courses or seminars are now developing (or have already developed) MA tracks. These include:

  • Health Economics (Econ 256)
  • Asset Pricing and Risk Management (Econ 268)
  • International Economics (Econ 265)
  • Issues in Economic Development (Econ 268)

New summer courses!
Although the American Economic Association Summer Program has moved for 2008 to the University of California, Santa Barbara, the Economics Department plans to continue to offer two advanced courses aimed at advanced master’s and beginning PhD students.

  • Economics 278, Mathematical Economics II, will provide an introduction to real analysis for economists.
  • Economics 289, Applied Econometrics II, will give students empirical skills, and will focus on replicating the empirical results of published papers – a valuable skill for applied econometricians and researchers.

 

MA program core faculty

Charles Becker, MA program academic coordinator and Research Professor of Economics; relevant course(s): Econ 205 Microeconomics; Econ 357 Health Economics (PhD seminar); Econ 245 Urban Economics            http://fds.duke.edu/db/aas/Economics/faculty/cbecker

Arie Beresteanu, Assistant Professor of Economics; relevant course(s): Econ 242 Microeconometrics            http://www.econ.duke.edu/~arie/

Paul Ellickson, Assistant Professor of Economics; relevant course(s): Econ 239 Econometrics
http://www.econ.duke.edu/~paule/

Daniel Graham, Professor of Economics; relevant course(s): Econ 206 Microeconomics II; Econ 207 Game Theory            http://fds.duke.edu/db/aas/Economics/faculty/daniel.graham

Kent Kimbrough, Professor of Economics; relevant course(s): Econ 266 International Monetary Economics            http://fds.duke.edu/db/aas/Economics/faculty/kent

Rachel Kranton, Professor of Economics; relevant course(s): Econ 210 Microeconomics
http://fds.duke.edu/db/aas/Economics/faculty/rachel.kranton

Pietro Peretto, Associate Professor of Economics; relevant course(s): Econ (TBA) Economic Growth            http://fds.duke.edu/db/aas/Economics/faculty/peretto

Juan F. Rubio-Ramirez, Associate Professor of Economics; relevant course(s): Econ 276 Mathematical Economics            http://www.econ.duke.edu/~jfr23/

Barbara Rossi, Assistant Professor of Economics; relevant course(s): Econ 220 Time Series Econometrics; Econ 341 PhD Econometrics           http://www.econ.duke.edu/~brossi/

Frank Sloan, J. Alexander McMahon Professor of Health Policy and Management and Professor of Economics; relevant course(s): Econ 256 Health Economics; Econ 357 Health Economics (PhD seminar)            http://fds.duke.edu/db/aas/Economics/faculty/fsloan

Alessandro Tarozzi, Assistant Professor of Economics; relevant course(s): Econ 239 Econometrics            http://www.econ.duke.edu/~taroz/

Gianni Toniolo, Research Professor of Economics; relevant course(s): Econ 285/385 Economic History seminar            http://fds.duke.edu/db/aas/Economics/faculty/giannit

Edward Tower, Professor of Economics; relevant course(s): Econ 265 International Economics; Econ 268 Issues in Economic Development
http://fds.duke.edu/db/aas/Economics/faculty/edward.tower

Lutz Weinke, Assistant Professor of Economics; relevant course(s): Econ 210 Macroeconomics

http://www.econ.duke.edu/~weinkel/