This track emphasizes the application of economic theory with quantitative skills and computer literacy as required by corporations and financial institutions in their economic decision-making processes. A rigorous theoretical economic framework is established for the study of government policy and the growing openness of the U.S. economy to international competition and economic events. At the same time, mathematical rigor is not compromised. The necessary concepts are developed from the basics but at a more deliberate pace than in a Ph.D. program.
The minimum admission requirements for the M.A. in applied economics are as follows:
Undergraduate cumulative GPA of at least 3.000 (on a 4.000 scale).
Twelve credit hours of undergraduate economics, including two intermediate theory courses, one in microeconomics and one in macroeconomics.
An introductory course in statistics.
One term of calculus.
Satisfactory GRE graduate school admission test scores if the undergraduate GPA is lower than 3.000.
Every student must earn at least 30 credit hours in an approved program of study, with at least half of the coursework being at the 6000 level. This plan does not require a master’s thesis or master’s papers. A comprehensive final exam is required.
All courses must be completed with a grade of C (2.000) or better and a B (3.000) average in all the courses taken in the program.
Students take three required core courses in economics that form the building blocks for further study and analysis in economics. Another three required courses provide applied training in econometrics and microeconomic analysis. Four additional elective courses are needed to complete the degree, two of which must be 6000-level courses. Some courses are offered in sequence, which means they are not offered every term.