The Department of Economics offers graduate programs of study designed to prepare students for careers in education and for careers in administrative and research positions in government, industry and labor. The programs are built upon a solid core of training in economic theory and in quantitative analysis, with area concentrations in econometrics, economic growth and development, industrial organization, international economics, labor economics and human resources, mathematical economics, monetary theory and policy, and urban and regional economics.

Admission Requirements 

Application Deadlines

Application deadlines vary by program, please review the application deadline chart for specific programs. Other important dates and deadlines can be found by using the One Stop calendars.

Admission

An applicant must meet Graduate School requirements plus these departmental requirements to be considered for admission to the program:

  1. An undergraduate major in economics and one semester of calculus. Alternatively, adequate preparation at the undergraduate level equivalent to two semesters of coursework in intermediate economic theory, one semester of statistics, and one semester of calculus.
  2. Submission of scores on the Graduate Record Examination General Test or equivalent quantitative courses is recommended. Test of English as a Foreign Language exam is required for applicants whose native language is not English.
  3. Two letters of recommendation from persons familiar with applicant’s scholastic achievement and potential.

Applicants may be admitted with specific program-defined course deficiencies provided that the deficiencies amount to no more than two courses.

The student is expected to satisfy deficiency requirements within three enrolled semesters. The deficiencies are monitored by the Graduate School and the individual graduate program unit. Deficiencies are to be made up through the following:

Credits and Courses

Option A: Thesis Option

Minimum degree requirement is 30 graduate credits.

Thesis
Select 6 credits of the following:6
Graduate Thesis
Required
ECON 701Economic Theory: Microeconomics4
ECON 702Economic Theory: Macroeconomics4
ECON 703Econometrics4
Additional Requirements 1
Select one of the following:6
One area of concentration
Mathematical Economics I
and Mathematical Economics II
Select 6 additional credits of graduate work6
Total Credits30
1

The student must select one area of concentration offered by the Department and must take at least two semesters in this concentration in courses numbered 700 or above (except ECON 990, ECON 991 and ECON 999).

Latin American Concentration

A concentration on Latin America is available. A student with previous interest and commitment in Latin American studies, who is able to demonstrate—through examination—good reading ability and fair conversational ability in Spanish or Portuguese, is permitted to select this concentration under Option A. Requirements for this concentration are:

Thesis
Select 6 credits of the following:6
Graduate Thesis
Required
ECON 774Economic Development - Theory3
ECON 775Economic Development - Policy3
Electives
Select 3 credits in Interdisciplinary Seminar on Latin America3
Select a graduate course in Latin America in some field other than economics3
Select 9 additional credits of graduate work9
Total Credits27

Option B: Non-Thesis Option

Required
ECON 701Economic Theory: Microeconomics4
ECON 702Economic Theory: Macroeconomics4
ECON 703Econometrics4
Additional Requirements
Select one of the following:6
One area of concentration 1
Mathematical Economics I
and Mathematical Economics II
Select 6 additional credits of graduate work6
700- Level and Above
Select any two courses numbered 700 or above in other areas of economics 26
Total Credits30
1

The student must take at least two courses in this concentration in courses numbered 700 or above.

2

Except ECON 734, ECON 990, ECON 991, and ECON 999.

Additional Requirements

Major Professor as Advisor

The student must have a major professor to advise and supervise the student’s studies as specified in Graduate School regulations. In Economics the newly admitted master’s student is advised by the Graduate Study advisor.

Option A: Thesis Option

Thesis

An acceptable thesis must be written on the student’s area of concentration.

Comprehensive Examination

The student must pass a final oral examination in defense of the thesis.

Time Limit

The student must complete all degree requirements within five years of initial enrollment.

Option B: Non-Thesis Option

Thesis

No formal thesis is required. The student must submit a master’s paper instead of a thesis.

Time Limit

The student must complete all degree requirements within five years of initial enrollment.

Accelerated Program Option

This program is offered as part of an accelerated bachelor's/master's program. For more information, see Accelerated Master's Degrees.