M.A. in Economics: Core Courses

The graduate core courses are of fundamental importance for the M.A. in Economics. Core courses are at the heart of the graduate program and are required of all students:

  • ECON - 601 Microeconomics: Theory and Applications
  • ECON - 602 Macroeconomics: Theory and Applications
  • ECON - 615 Mathematics for Economists
  • ECON - 620 Graduate Econometrics
  • ECON - 690 Graduate Seminar

All students must pass the Master's Comprehensive exams in Microeconomics and Macroeconomics as part of the M.A. in Economics degree. The comprehensive exams are offered in the first weeks of both the Fall and Spring semesters.

In addition, all students must complete a research project in which they demonstrate mastery of essential elements of economic analysis. This research project must be completed as part of the Graduate Seminar (ECON 690), before taking the Graduate Seminar. Students who wish to write a Master's thesis (ECON 699) must fulfill the research requirements (ECON 690) before being allowed to begin their thesis.

Learning Goals/Outcomes for the M.A. in Economics

Students who complete the M.A. in Economics will be able to:

    • Understand modern micro and macroeconomic theories and their applications to contemporary economic problems, including: decision-making in conditions of risk and uncertainty, and the role of information; open economy macroeconomics and its application to exchange rate movements and financial crises; efficiency wage models, real business cycles; and endogenous growth.
    • Conduct original quantitative empirical analysis of a relevant economic problem. Specifically, students should be able to express an economic theory in terms of an observable model; formulate a strategy for collecting the data necessary to estimate a well-specified empirical model; determine the appropriate estimation method for the empirical model; utilize statistical software to conduct such estimation; and meaningfully interpret the results.
    • Carry out independent economic research, including development of an original research question, compilation of a professional literature review, specification of a theoretical and testable empirical model; econometric analysis; and effective communication of the study's principal findings and policy implications.