Graduate Programs
Master of Arts in Applied Economics

The Department of Economics has about 50 graduate students who come from a variety of countries and regions of the world: China, Egypt, Indonesia, Japan, Malaysia, the Middle East, Taiwan, Thailand and the United States. Class sizes are relatively small (10 to 20 students). Given the diversity of our students and faculty, students are exposed to a great variety of economic conditions, problems and government policies. The department offers several graduate programs: Master of Arts in economics, Master of Arts in applied economics and Master of Arts in trade and development.

These programs are designed to accommodate students with varied backgrounds and needs, and offer sufficient flexibility to meet the career objectives of students with various interests. The programs prepare students for careers in business, finance, industry and government service. They also provide training for students who intend to pursue the study of economics at more advanced levels. Together, the three programs can accommodate students with undergraduate backgrounds in fields ranging from mathematics and engineering, economics and business, to political science, public administration and liberal arts.

Admission Requirements
Admission to any of the department’s programs is available in three ways:
Degree Admission
Applicants must:
  1. Obtain a baccalaureate from an accredited college or university;
  2. Have an undergraduate grade point average of at least 2.5; and
  3. Satisfy the undergraduate course requirements, including the equivalent of ECON201, ECON202, ECON301, ECON302 and ECON310.

Conditional Admission
Conditional admission is granted to those students not meeting the standards stated in (3.) above, but who show promise. Stu-dents who are conditionally admitted are required to overcome specified deficiencies existing at the time of admission. When these deficiencies are overcome, the student’s status is changed to degree admission. No more than 12 hours of graduate course work in economics taken by students on conditional status may be applied toward the M.A. degree.

Non-Degree Admission
Non-degree student status is available for those not qualified for degree or conditional admission, or those who wish to take courses for self-improvement and are not interested in obtaining a degree.

Program Length
The length of each program is 30 hours, which can be completed as follows: 18 credit hours in fall (nine) and winter (nine) semesters, six or nine hours over spring and summer, and a final semester for the remaining three or six hours, plus meet the research requirement. Students meet the research requirement by satisfactorily completing:

  1. ECON604 (a research seminar),
  2. a master’s thesis, or
  3. ECON699 (Supervised Research Paper). There are no foreign language requirements.

Admission Policies and Procedures
A score from the Graduate Record Examinations (GRE) is not re-quired. International students must take TOEFL and the Test of Writ-ten English (TWE). Students with scores below the minimum must take English as a Second Language (ESL) courses at EMU to raise their English proficiency up to a satisfactory level. See the Admis-sions Web site at for minimum scores.

Financial Aid
Financial aid includes the graduate assistantship (GA) program and fellowship program. The Department of Economics awards about five full-time graduate assistantships per academic year. Recipients of full-time positions work about 20 hours per week, earn about $6,800 per academic year and receive a tuition waiver of 18 hours per academic year. Awards are based on the student’s academic performance (as shown by grade point average and letters of recommendation), and experience in using computer programs. Graduate fellowships are awarded by the Graduate School, with particular focus on women and minority students desiring study in disciplines where these populations are under-represented. Awards are based on the student’s academic performance and consist of a $4,000 stipend per academic year.

MASTER OF ARTS in Applied Economics (ECNA)
This program provides an organized and carefully developed study of applied economics. While the program satisfies the general education requirements of the economics profession, it seeks to meet the need for empirically oriented applied economists.
In addition to the sequence of core courses, the program stresses research opportunities and the use of quantitative approaches. Exten-sive application of computer techniques is integral to the program.

The program introduces students to model building for the analysis of complex public policy issues, such as taxation, transporta-tion, energy, environment, technology, education, demography and health care. It enables students to utilize modern techniques of model estimation, assessment, simulation and forecasting.

Admission Requirements

Degree Admission
Degree admission is available to applicants who:

  1. Hold a bachelor’s degree, with a major or minor in economics, from an accredited college or university, or a bachelor’s or master’s degree in business administration or another appropriate field;
  2. Have an undergraduate GPA of at least 2.5 on a 4.0 scale; and
  3. Satisfy the undergraduate course requirements including the equivalent of ECON201 and ECON202, ECON301 and ECON302 and ECON310.

Conditional Admission
Conditional admission may be granted to otherwise promising appli-cants who do not meet the above stated standards. Conditionally ad-mitted students must overcome specified deficiencies in order to have their status changed to degree admission. No more than 12 hours of graduate course work in economics taken by students on conditional status may be applied toward the M.A. degree.

Non-Degree Admission
Non-degree student status is available to those not qualifying for degree or conditional admission, or those who wish to take courses for self-improvement only.

Degree Requirements
In addition to satisfying general Graduate School requirements, the student must satisfactorily complete the following course requirements:

Course Requirements
The M.A. in applied economics requires 30 hours of course work to be distributed among required courses, restricted elective courses, and elective courses as follows:

Required Courses .............................................................. 18 hours

*ECON415 Introduction to Econometrics (3 hrs)
*ECON511 Mathematical Economics (3 hrs)
*ECON601 Macroeconomic Analysis (3 hrs)
*ECON602 Microeconomic Analysis (3 hrs)
*ECON606 Applied Economics (3 hrs)
Select from option I, option II or option III:
Option I:
ECON604 Research Seminar in Economics (3 hrs)
Option II:
ECON699 Independent Study (3 hrs) in which the student writes a supervised research (M.A.) paper under the direction of a faculty member.
Option III:
ECON692 Thesis (3 hrs)
Restricted Elective Courses ................................................. 6 hours

Two courses from the following:
ECON510 Applied Economic Statistics (3 hrs) ECON515 Econometrics: Theory and Applications (3 hrs) ECON545 Economic Forecasting and Policy (3 hrs)
Elective Courses .................................................................. 6 hours

Six hours selected in consultation with the graduate adviser.
PROGRAM TOTAL ......................................................... 30 hours

ECON415, ECON511, ECON601, and ECON602 must be completed with a grade of B- or better.

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