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Economics

Curriculum for MS degree

 

Rawls HallBelow is a summary of the non-thesis MS in Economics curriculum (the credits for each course are reported in parentheses). The curriculum involves a core set of courses and the choice of one of two concentration areas. .

Core Theory Courses The program starts by introducing the general framework of Economics. Four courses provide this common theoretical and analytic core: Intermediate Economics I (3), Intermediate Economics II (3), Econometrics I (3), and Econometrics II (2),

Core Applied Courses Key extensions to the general framework of Economics provided to all students include econometric applications using financial data, integration of behavioral insights drawn from psychology, and expansion of the analysis to provide a global perspective. The three 2-credit courses that address these three issues, offered during the second semester and summer of the program, are respectively: Financial Econometrics (2), Behavioral Economics (2), and International Economics (2).

Applied Economics/Business Concentration Courses An essential feature of a skilled manager, analyst, or policy maker is the ability to make the right decisions. Success in decision making can be achieved by adopting the general conceptual, analytic, and theoretical framework of Economics, and then exploring applications suggested by management disciplines such as accounting, human resources, business law, business analytics, and strategy. This is the goal of the applied economics/business concentration. Two-credit courses offered in this concentration include Economics and Accounting (2), Personnel Economics (2), Law and Economics (2), Microeconometrics (2), Industrial Economics (2) and Game Theory (2). In addition, during the second year the student completes a one-credit independent study based on one of these courses that allows the student to work closely with the instructor of the course to explore in depth a particular topic of interest to the student.

Advanced Theory Concentration Courses The Advanced Theory concentration focuses on the preparation of students for admission into PhD programs in economics, management, or political science at first-tier research universities.  The courses includes courses in microeconomic theory and applications at a level of analytic rigor comparable to a first-year PhD program in Economics.  To complete this concentration either as an online student or as a hybrid student requires completion of the following four two-credit PhD-level courses: Mathematical Analysis for Economists, Microeconomics Theory I, Advanced Game Theory, and Economics of Information. Online students are also required to complete the Industrial Economics course.  Hybrid students who come on campus in the second year have the option of taking additional PhD-level courses during the second year in economic theory, statistics, and econometrics.  PhD-level courses are challenging, and we strongly advise students who plan to pursue the advanced theory concentration to consider the hybrid MS degree program. The hybrid program requires that the second year of the program be in-residence; this allows enhanced interaction among students and between students and faculty that is particularly useful for students preparing for application to PhD programs.

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Schedule of Classes  The standard two-year program has classes held over 21 months (four semesters, one summer). After the first semester in the fall, semesters are divided into two modules. Two-credit courses are offered during these modules. Sample online schedules for the two concentrations offered in our standard two-year, online program are provided below. 

Flexiblity in Schedule  Purdue's MS degree program in Economics provides flexibility in completion of the program in two ways. One is the option of an extended online schedule that can be completed over a three-year period (six semesters, two summers) rather than the standard two-year period schedule.  The second is the option of pursuing a "hybrid" schedule that allows the student to complete the second academic year of the MS degree program as a full-time student in residence on Purdue's main campus in West Lafayette, Indiana, USA. Click here for additional details on the extended (three-year) online schedule.  Click here for additional details on the hybrid schedule.  

Semester

Duration

Applied Economics/Business Concentration (Online, Standard Schedule)

 Advanced Theory Concentration (Online, Standard Schedule)

1

semester

Intermediate Econ I (Micro)

Intermediate Econ I (Micro)

1

semester

Econometrics I

Econometrics I

2

semester

Intermediate Econ II (Macro)

Intermediate Econ II (Macro)

2

Module 1

Behavioral Economics

Behavioral Economics

2

Module 2

Financial Econometrics

Financial Econometrics

 summer

Module 1

Econometrics II

Econometrics II

 summer

Module 1

International Economics

International Economics

3

Module 1

Microeconometrics

Micro Theory I

3

Module 1

Economics and Accounting

Math Analysis for Economists

3

Module 2

Industrial Economics

Industrial Economics

4

Module 1

Law and Economics

Advanced Game Theory

4

Module 2

Game Theory

Economics of Information

4

Module 2

Personnel Economics

Personnel Economics

4

Module 2

Independent Study

Independent Study