MS International and Development Economics
James Anderson, Program Manager
Full-time graduate students typically take six to nine units per semester. Each class is three units, which results in two or three classes per semester. The length of time required to complete the program varies from three to five semesters depending on the workload the student wishes to undertake.
Many of the core IDEC classes are offered in the evening, making it possible to structure your studies in a part-time way. See our sample program timelines. It is important to note that there is a mandatory two to three month summer field research period in the summer following a student’s first year in the program.
The program only begins in fall.
The difference between the two master programs is that the Master of Arts in Applied Economics is more theoretically oriented, and requires comprehensive examinations in microeconomic and macroeconomic theory in order to graduate. The Master of Science in International and Development Economics, in contrast, is oriented towards empirical field research, and culminates in a 30–40 page thesis paper based on the required summer field research. All students are required to deliver their thesis as a presentation in front of faculty and students in their last semester.
A unique and key feature of the program is the overseas field-study internship. This internship is coordinated with the help of an economics department faculty adviser. The internship takes place in the summer between semesters of study at USF. Research collected during the field study can be applied toward the graduate research project. While the department and its faculty have developed relations with partner universities in the Philippines, El Salvador, and Guatemala, students are not limited to these partnerships. Students can identify and set up an internship at sites in other countries with the approval of their adviser.
The IDEC program offers a limited number of partial scholarships on a competitive basis. Scholarships are conditional upon maintaining a 3.2 GPA each semester while in the program. The scholarships can range anywhere from $2,500 to $15,000 total. All applicants to the program — both U.S. and international — are considered for these scholarships at the time of admission review. There is no separate application for scholarship consideration. If a student is awarded a scholarship, it is noted in his or her acceptance letter.
The two-year IDEC program consists of 36 units. Learn more about tuition and other costs.
Teaching assistantships are limited and awarded based on GPAs. At the beginning of the second semester, a list of economics graduate students in the top 10 percent is generated and dispersed to the economics faculty. Faculty may choose to pick a teaching assistant from this list but are not obligated to do so.
A limited number of travel stipends are available from the university to help cover the costs of the summer internship, but are not guaranteed for every internship. In past years, the graduate program has assisted in partially covering airfare cost and living expenses. However, the program's contribution varies each year. Students are advised to factor the costs of their overseas field study internship into the total cost of their program.
The amount depends entirely on where the student does their summer field research. For example, Latin America is generally much less expense than parts of Europe or Africa.
Learn more at the Office of Graduate Admission's Financial Aid & Tuition page.
Applicants must hold a bachelor’s degree (or equivalent), preferably in economics, from an accredited university-level institution. Some IDEC students have undergraduate degrees in a subject other than economics and, therefore, may need to take a few required undergraduate courses before enrolling in the core graduate requirements of the program. It is possible to be admitted before completing these undergraduate courses, but a student may be required to complete the necessary courses in the first semester at USF prior to starting the core coursework.
The priority deadline for fall admission consideration is March 1. Completed applications on file at this time are reviewed for admission and for the limited number of scholarships. Fall applications completed after the March 1 deadline are considered for admission on a space-available basis.
A GPA of 3.0 or higher strengthens an application. In reviewing applications, the admission committee takes all supporting documentation into consideration, giving particular attention to academic performance in economics, statistics, calculus, and finance courses. Generally speaking, most accepted students typically have a GPA of 3.4 or higher.
The GRE is not required. However, you may submit GRE scores as extra supporting documentation if you feel it strengthens your application. Other test requirements can be found on our How to Apply page.
Courses taken from another university would need to be evaluated by the program adviser. This process of evaluation would take place after a student is accepted into the program and has his/her first advising session with the program adviser. Depending on the syllabus, the course may or may not be credited.
The committee looks for at least a B grade or better in math courses, statistics, and calculus course(s). It helps strengthen an application if a student has already taken an intermediate micro and macro course with a grade of B or better. It also strengthens an application if a student is proficient in another language that is spoken in a developing country. Strong letters of recommendation (two are required) also strengthen an application, in addition to a well written statement of purpose that explains why an applicant is interested in this particular focus of economics.
The admission committee begins the review of completed applications shortly after the first priority deadline of March 1. Admission decisions are generally finalized within approximately four weeks. After that period, completed applications are reviewed on a space-available basis.
Students submit a non-refundable deposit (that is applied to your fall tuition) by the deadline indicated in the acceptance letter. If the deposit is not submitted by that deadline, the space in the fall program is not guaranteed and the admission may be canceled.
Each year, 20–25 students start in the program. In general, the IDEC program receives approximately 125 applications each year.
No. Your TOEFL would automatically be waived. See our test requirements.
Accepted students will receive their I-20 along with their acceptance letter. If the I-20 is not with the acceptance letter, it will come under separate mail within approximately 15 business days.
James Anderson, Program Manager