Purdue University offers an innovative online Master’s degree in Economics designed for individuals with strong analytical backgrounds, such as individuals with undergraduate majors in the STEM (Science, Technology, Engineering and Mathematics) disciplines.
- In 2016, the program earned top rankings for quality and value (see article)
- In 2016, College Values Online ranked the program #1 of all MS online degree programs in Economics.
- In 2016, Affordable Colleges Online ranked the program #1 of all MS online degree program in Economics
The MS degree in Economics at Purdue University is a 30-credit-hour program (standard for MS programs) that spans two academic years (19 months). The curriculum is demanding, and taught by a talented and dedicated staff of instructors drawn from the full-time faculty members of the Department of Economics at Purdue University. Click on the following link for information on applying to the program: Admission information link
Advantages of a MS degree in Economics
With expanding access to extensive datasets, both public and proprietary, individuals who have the tools to analyze and interpret economic data, including the ability to apply the results to decision making in managerial and public policy environments, have become highly valued. The MS degree in Economics
- provides students who have strong quantitative skills a foundation for formulating and estimating economic models through the use of econometrics and other quantitative techniques;
- builds on this foundation either by offering specific applications of the analysis in various business settings (the Applied Economics/Business concentration) or by offering more in depth theoretical modeling skills (the Advanced Theory concentration or thesis option).
Fully Online Program Schedule
The standard MS degree program is a part-time, online program that combines a first-year common core set of courses in Economic theory and Econometrics with a set of second-year courses that provide a concentration in Applied Economics/Business; this concentration provides decision-making skills helpful in managerial and policy making positions. The program is designed so that it can be completed entirely online, with each class of entering students working together in common online sections of the courses. The online course content is exactly comparably to in-class courses offered on the Purdue campus, as courses in the program have both in-class and online sections. For more information on the standard two-year MS degree program curriculum, click on the following link: MS curriculum. For information on how the MS online program can be spread out over three years, click on the following link: MS extended online schedule. Students may also pursue a concentration in advanced theory that prepares students for entry into PhD programs in Economics (Advanced Theory concentration). Students who choose this concentration should plan on the hybrid version of the MS program that has the student come to campus for the second year of the program. This hybrid online/on-campus program is described below.
Optional Hybrid Online/On-campus Program
STEM students from Universities around the world who are interested in pursuing a MS degree that combines online courses with an on-campus experience should consider the hybrid MS degree. The hybrid program requires students to come to Purdue for the second year to finish their course requirements, with the option of completing a thesis. They hybrid program is available to students seeking a concentration in either Applied Economics/Business or Advanced Theory. The hybrid program not only offers the advanced theory concentration to students considering pursuing a PhD after completion of the MS degree, but also offers international or domestic students, regardless of concentration, with the opportunity to experience on-campus life at a top U.S. research university. Purdue University is rich in diversity; this past year Purdue ranked second in international student enrollment among all public United States colleges and universities. Coming to Purdue in the second year is of particular value for students who are preparing for admission into PhD programs in Economics or other advanced degree programs. For more information on the hybrid MS degree option, click on the following link: MS hybrid schedule
Combined Degree Option for Purdue STEM majors
The combined degree program allows current Purdue undergraduate STEM majors to count up to nine credit hours of course work in the MS degree toward the completion of both their BS degree (elective requirements) and their MS degree in Economics. After graduating with a BS degree, students then can complete online the remainder of the required MS courses to earn a MS degree in Economics while employed. For more more information on this combined degree, click on the following link: BS/MS combined degree