Masters of Arts in Economics (MA)

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.

Course Requirements

Eight full-semester graduate courses (32 credits)

Theory and Quantitative Core
EC501 – Microeconomic Theory (4 credits)
EC502 – Macroeconomic Theory (4 credits)
EC507 – Statistics (4 credits)
EC508 – Econometrics (4 credits)

*The course EC 505, Elementary Mathematical Economics, provides the essential mathematical background needed for the required courses. A determination is made whether it is appropriate to opt out of this course by taking the mathematics placement exam and by discussing their mathematical preparation with faculty advisors. EC 505 will count as one of the MA electives.

Comprehensive Examination

A comprehensive examination that tests general knowledge of economic theory and quantitative methods is required.

Grade Requirements

All courses and the comprehensive examination must be passed with grades of B- or better. Students must have an overall grade point average of 2.85 in all courses taken after enrollment in the Graduate School of Arts and Sciences at Boston University.

Time Requirement

All courses and examinations must be completed within three years of the original registration in the Graduate School at Boston University.