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Economics
Analytical Insight, Global Leaders

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 Accounting and Economics (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 provide a level of analytic rigor in microeconomic theory and applications comparable to a first-year PhD program.  Two-credit courses offered in this concentration include Mathematical Analysis for Economists (2), Microeconomics Theory I (2), Microeconomics Theory II (2), Microeconomics Theory III (2), Advanced Game Theory (2), and the Economics of Information (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.  It is advised that students who plan to pursue a PhD consider the hybrid MS degree program with the advanced theory concentration. The hybrid program requires that the second year of the program be in-residence; the resulting enhanced the interaction among students and between students and faculty is particularly useful in preparing for and applying for PhD programs. MS Econ banner 1

Schedule of Classes  Classes are 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.  Although the schedule below indicates that the independent study is taken during the second module of the spring semester of the second year, it can be taken in any module during the second year of the program.

Semester

Duration

Applied Economics/Business Concentration

Advanced Theory Concentration

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

Law and Economics

Micro Theory I

3

Module 1

Microeconometrics

Math Analysis for Economists

3

Module 2

Personnel Economics

Micro Theory II

4

Module 1

Industrial Economics

Micro Theory III

4

Module 2

Game Theory

Advanced Game Theory

4

Module 2

Accounting and Economics

Economics of Information

4

Module 2

Independent Study

Independent Study