MA in Economic Policy

The Master of Arts in Economic Policy (MAEP) is an intensive, 3-semester course of study combining a strong foundation in economics with the management skills appropriate for students interested in careers as policy analysts and decision makers in government, nonprofit institutions, international organizations, and the private sector. The core of the program provides a foundation in economic theory and its application, quantitative methods, and the basic tools of management analysis. The MAEP permits in-depth specialization in two policy and management fields drawn from courses offered in both the Economics Department and Boston University’s Questrom School of Business.

Program Structure and Course Requirements

MAEP students must complete 12 full-semester graduate courses (48 credits), consisting of the following 4 components. At least 7 of these courses (28 credits) must be in Economics.

1. The MA Core in Economic Theory and Quantitative Methods

  • EC 501 Microeconomic Theory (4 credits)
  • EC 502 Macroeconomic Theory (4 credits)
  • EC 507 Statistics (4 credits)
  • EC 508 Econometrics (4 credits)

2. Core requirements in management methods: 2 courses (8 credits) drawn from a short list of introductory Master of Business Administration courses and Economics MA elective courses.

3. 2 fields of specialization, each consisting of 2 courses (16 credits). Students can choose from a broad range of fields including those listed below, and they can combine MA courses offered by the Department of Economics and MBA courses offered by the Questrom School of Business to fulfill their field requirements.

  • Economic Development
  • Finance
  • Health
  • Industry
  • International Trade and Finance
  • Labor Economics
  • Marketing
  • Markets and Regulation
  • Money and Capital Markets
  • Public Economics
  • Environmental Economics

4. 2 additional elective courses (8 credits) selected from the MA-level economics courses or their approved equivalents.

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.

Subject to academic advising and departmental approval, qualified students may pursue an independent research project (Directed Studies course) in place of an elective course.

Graduate Internships

Subject to academic advising and departmental approval, up to 4 course credits can be earned through an internship providing on-site working experience relevant to economics research and policymaking.

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 & Sciences. Two fields of specialization must be completed by passing 2 approved courses in each field and maintaining an average grade of B or better in each field.

Time Requirement

All courses and examinations must be completed within 3 years of the original registration in Boston University’s Graduate School of Arts Sciences. International students may be subject to additional restrictions imposed by the terms of their visas, as governed by the International Students & Scholars Office (ISSO).

The MA Programs Rules apply to all master’s degrees.