Economics M.A. and M.S. Assessment Plan

Mission Statement

The mission of UNR's Master of Science program in Economics is to provide advanced training in economics, to prepare students to be economic analysts in either the public or private sector, and to prepare students for future advanced graduate studies in Economics.

Student Learning Outcomes

1.  Students will be able to demonstrate knowledge of key principles of advanced microeconomics and macroeconomics.

Student Performance Indicators
  • Students will demonstrate their understanding of economic theory in the two required advanced economic theory classes (ECON 702 and ECON 703).
Assessment Method
  • ECON 702 and ECON 703 exams, projects, and term papers that require theoretical analysis in courses ECON 702 and ECON 703 will be compared by the graduate faculty teaching those courses. The problems posed and the level of knowledge required by the exams, project and papers will be assessed for their ability to incorporate current economic methodology.

2.  Students will be able to identify correct econometric methods to analyze data, test hypotheses, and analyze economics issues.

Student Performance Indicators
  • Students will demonstrate their understanding of various econometric techniques, including OLS, instrumental variables, discrete variable methods, panel and time series techniques and be able to identify which technique to employ in the Applied Econometrics course and various electives.
Assessment Method
  • Instructors teaching ECON 741 will use exams, cases and projects to evaluate depth and accuracy of quantitative skills. The term project will be used to judge understanding of appropriate techniques as well as presentation clarity.

3.  Students will be able to apply quantitative techniques to economic theory.

Student Performance Indicators
  • Students will complete a Math Workshop required by incoming graduate students the summer prior to matriculation in the graduate program and will demonstrate an understanding of those techniques in subsequent classes.
Assessment Method
  • Student performance on problems assigned in the Math Workshop will be assessed as will performance on homework, exams, and projects in the theory courses (ECON 702 and 703). This will be compared to performance in subsequent classes.

4.  Students will be able to clearly communicate, either in writing or verbally when called upon, the results of an economic analysis.

Student Performance Indicators
  • Students will demonstrate a high level of critical thinking and written communication skills.
Assessment Method
  • Exams and term projects will be used to assess student critical thinking skills. Term projects in ECON 741 and will be used to judge written communication skills.