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Master of Science in Economics

Economics Masters Admission

Students who choose a Master of Economics have two options, the Master of Arts or the Master of Science.  The Master of Science is designed to provide the foundation students need to succeed in a Ph.D. program or jobs requiring intensive technical, analytical, and quantitative skills.  The Master of Science provides students with core conceptual knowledge about microeconomics, macroeconomics, and econometrics.  Students may apply these skills through their research, culminating in six credits of thesis if desired.  Alternatively, students choosing the non-thesis option may further their knowledge through additional coursework.  The Master of Arts also emphasizes technical, analytical, and quantitative skills, but provides the flexibility for students to choose a more policy-oriented or applied approach by allowing more electives.

Both programs are designed to be terminal degree programs for individuals who seek careers in applied economics, finance, banking, or law, as well as other professions that require analytical and quantitative skills. The Master of Science provides excellent preparation for those who are considering a Ph.D. in economics, finance, or related field. Applied economists are employed in both the private and public sectors, and are often involved in forecasting, market analysis, policy analysis and advisory activities

Application Deadlines:

In order to be considered for the fall semester, all materials must be received by April 15th.

To be considered for Spring admission, application materials must be received by October 15th.

Application Procedure:

Students may enter the Graduate Program in Economics in either the Fall or the Spring semester. To apply for either the Master of Arts or the Master of Science degree, the following items must be submitted to the Graduate School.

• A completed and signed Application for Admission form.
• A non refundable application fee.
• Two official transcripts from each college or university where work has been completed or is in progress.
• The official report of the Graduate Record Exam (GRE) or Graduate Management Admission Test (GMAT)

The applicant must also submit the following material to the Graduate Director of the Department of Economics.

• A personal statement indicating the applicant's educational and career objectives.
• Two letters of recommendation from individuals familiar with the applicant's capabilities and preparedness for graduate study in Economics.
• If applying for an assistantship, the Graduate Assistant Application Form.

Admission Criteria:

The Department of Economics advises all students enrolled in the master of arts or master of science programs majoring in economics.  Graduate students are also required to take one credit of ECON 794 in addition to the credits required below, unless this requirement is waived by the graduate advisor.  ECON 794 is a one-credit, pass/fail course that consists of a math workshop that is offered the week before classes begin.  Students also participate in a student orientation, departmental seminars, and a job-skills workshop.  All students are required to participate.

The standards for admission into the Graduate Program in Economics are:

• A baccalaureate (or an advanced) degree from an accredited college or university, or its equivalent.
• An overall grade-point average (GPA) of at least 2.75 or a last-half GPA of at least 3.0 on a 4.0 scale.
• International students must have a minimum TOEFL score of 500.
• Intermediate Microeconomics or comparable undergraduate course.
• Intermediate Macroeconomics or comparable undergraduate course.

Applicants not meeting all of these requirements may enroll with Graduate Special status until they have completed a remedial course of study.

International Students:

For international student information, please consult the Office of International Students and Scholars.