Master of Science, Major in Economics
Master of Arts, Major in Economics

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The master of arts and master of science degree programs are designed to be terminal degree programs for individuals who seek careers in applied economics. The programs are also valuable for individuals considering careers in finance, banking, or law, as well as other professions that require analytical and quantitative skills. The master of arts and master of science programs also provide excellent preparation for those who are considering a Ph.D. in economics, public policy or in a 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.

Admission Standards

For full admission into the master of arts or master of science program majoring in economics, an applicant must meet the following requirements:

  1. The applicant must have a baccalaureate degree from an accredited institution.
  2. The applicant must have completed undergraduate course work in intermediate microeconomics and intermediate macroeconomics. These undergraduate prerequisites may be completed while enrolled at the university as a graduate special student (see "Graduate Special" classification).
Students may enter the graduate programs in economics in either the fall or spring semesters.


The department of economics advises all students enrolled in the master of arts or master of science programs majoring in economics.

Course Requirements

Specific course requirements for advanced degrees in economics include:

  1. ECON 702 and ECON 703
  2. Nine additional credits taken at the 700-level
  3. A total of at least 24 credits of graduate-level courses.
  4. Six credits of thesis work
The master of arts and master of science degrees both require a thesis which must be approved by the student's faculty advisory/ examining committee. Each candidate's program of study must be approved by the student's departmental advisor and the College of Business Administration director of graduate programs. Students must also meet all university and college requirements for the master's degree. The following is a typical schedule of courses for study at the master's level:
  1. First Semester
      1. ECON 702--Advanced Microeconomics (3 credits)
      2. Electives (6 credits)
      3. 700-level elective (3 credits)
  2. Second Semester
      1. ECON 703--Advanced Macroeconomics (3 credits)
      2. Elective (3 credits)
      3. 700-level elective (3 credits)
  3. Third Semester
      1. Thesis (6 credits)
      2. 700-level elective (3 credits)
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