M.A. Economics

The M.A. Economics (MAE) program is designed to give students a quantitative approach to economics with the flexibility to tailor the degree to fit their future goals. It offers comprehensive instruction in a wide range of areas within the discipline, including computational economics, economic analysis, and financial economics. Graduates of the program are adept in applied research and financial analysis, highly competitive on the finance sector job market, and ready for top Ph.D. programs.

The master’s program is designed to combine theoretical rigor in core areas of economics with exceptional flexibility in course requirements to encourage students to explore their academic interests. In addition to master’s-level courses, students frequently enroll in many doctoral level courses in economics, and in courses from other departments, including Political Science, Public Policy, Finance, Statistics, and Mathematics. The curriculum is intended to be completed in four semesters.

Degree Requirements

Requirements Overview

  • 30 credits in economics and related fields, to include a minimum of 15 credits (five courses) in economics
    • THREE courses (9 credits) in microeconomics and/or macroeconomics, selected from the following:
      • ECON 601 Microeconomics
      • ECON 602 Macroeconomic Theory
      • ECON 605 Advanced Microeconomic Analysis
      • ECON 606 Advanced Macroeconomics II
      • ECON 613 Applied Econometrics in Microeconomics (Counts towards the micro/macro requirement or the metrics requirement, but not both.)
      • ECON 620 Game Theory with Applications of Economics and Other Social Sciences
      • ECON 621 Non-Market Valuation
      • ECON 624 International Trade
      • ECON 652 Economic Growth
      • ECON 656 International Monetary Economics
      • ECON 664 Industrial Organization
      • ECON 690 Special Topics in Economics: General Equilibrium Theory and Financial Markets
      • ECON 690 Special Topics in Economics: Continuous Time Methods (Counts towards the micro/macro requirement or the metrics/compmethods/compsci/math/stats requirement, but not both.)
      • ECON 701 Microeconomic Analysis I
      • ECON 702 Macroeconomic Analysis I
      • ECON 705 Microeconomic Analysis II
      • ECON 706 Macroeconomic Analysis II
      • ECON 881 Special Topics in Applied Microeconomics, with approval
      • ECON 882 Special Topics in Macro International Finance, with approval
      • ECON 885 Special Topics in Economic Theory, with approval
    • THREE courses (9 credits) in econometrics, computational methods, computer science, mathematics and/or statistics, selected from the following:
      • ONE econometrics course selected from the following:
        • ECON 608 Introduction to Econometrics
        • ECON 612 Time Series Econometrics
        • ECON 613 Applied Econometrics in Microeconomics (Counts towards the micro/macro requirement or the metrics requirement, but not both.)
        • ECON 623 Forecasting Financial Markets
        • ECON 672 Empirical Methods in Financial Econometrics (Note: This course was formerly ECON 690 Special Topics in Economics: Financial Econometrics.)
        • ECON 690 Special Topics in Economics: Microeconometrics Tools
        • ECON 690 Special Topics in Economics: Continuous Time Methods (Counts towards the micro/macro requirement or the metrics/compmethods/compsci/math/stats requirement, but not both.)
        • ECON 703 Econometrics I
        • ECON 707 Econometrics II
        • ECON 883 Special Topics in Econometrics, with approval
      • TWO courses in econometrics, computational methods, computer science, mathematics and/or statistics, fulfilled as follows:
        • Any of the econometrics courses listed above
        • Any computational methods or cross-listed math course at the 600-level of above offered by the Department of Economics
        • Courses in computer science, mathematics and statistics at the 500-level or above.  NOTE:  Starting in Fall 2020, students may take either ECON 673/MATH 581 or ECON 671, but not both, for credit towards the degree. Also starting in Fall 2020, students may take either ECON 674/MATH 582 or ECON 678, but not both, for credit towards the degree. 
    • ONE Capstone Course (3 credits), with a grade of B or better
  • Internship (optional)
  • Completion exercise
  • Responsible Code of Research (RCR) training during orientation and 1 RCR forum 2-hour course (either GS 711 or GS712)
  • (For international students) English language proficiency

Undergraduate Courses

Effective Fall 2018, it is the policy of The Graduate School that undergraduate courses (499 or lower) do not count towards the M.A. degree or a student's GPA. Undergraduate courses taken before Fall 2018 do count towards the M.A. degree (given a grade of B- or better) and GPA. Courses that are cross-listed as both undergraduate- and graduate-level courses count towards the M.A. degree and a student's GPA only if they have a separate, more rigorous syllabus for graduate students. It is the student's responsibility to verify that this is the case before enrolling in any cross-listed courses.

STEM Designation

This degree program classifies as STEM (CIP Code 45.0603: Econometrics and Quantitative Economics), and students in this program can apply for a 24-month STEM extension of F-1 Optional Practical Training (OPT).