MA in Economics

The MA in Economics is a terminal master’s program that equips its graduates with the advanced knowledge and skills required for an economic analyst in the business world, the consulting industry, or a central bank. The training includes the thorough understanding of fundamental economic principles, application of mathematical methods and modeling, and the use of computer software for large-scale data analysis. It is accomplished through the economics core (four courses in microeconomics, macroeconomics, statistics, and econometrics) and four elective courses. These courses are designed exclusively for master’s students, distinct from our PhD and undergraduate offerings. The elective courses cover nearly all major areas of economics and are taught largely by our own research faculty. The entire program may thus be completed in one academic year.

Applicants to this program should have, or be expecting, a bachelor’s degree in economics, economics and mathematics, or a closely related discipline (from an institution recognized by the Graduate School of Arts & Sciences).

Course Requirements

Candidates must complete a minimum of eight semester courses (32 credits). The following courses in micro- and macroeconomic theory and quantitative methods are required:

  • CAS EC 501 Microeconomic Theory
  • CAS EC 502 Macroeconomic Theory
  • CAS EC 505 Elementary Mathematical Economics. A determination is made whether it is appropriate to opt out of EC 505 by taking the mathematics placement exam. EC 505 will count as one of the MA electives.
  • CAS EC 507 Statistics for Economists
  • CAS EC 508 Econometrics

To be eligible for the MA, students are expected to attain an overall grade point average of 2.85 or higher. (For exact program requirements, see the department rules and regulations, available on request.)

Language Requirement

There is no foreign language requirement for this degree.

Comprehensive Examination

Candidates must pass a written comprehensive examination that tests general knowledge of economic theory and quantitative methods. Every master’s student is expected to take the first available offering of the Comprehensive Examination after he or she has completed the economics core courses. This examination is offered twice a year.