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 to any of the departments programs is available in three ways:
- Obtain a baccalaureate from an accredited college or university;
- Have an undergraduate grade point average of at least 2.5; and
- Satisfy the undergraduate course requirements, including the equivalent of ECON201, ECON202, ECON301, ECON302 and ECON310.
Conditional admission is granted to those students not meeting the standards stated in (3.) above, but who show promise. Students who are conditionally admitted are required to overcome specified deficiencies existing at the time of admission. When these deficiencies are overcome, the students 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 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.
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:
- ECON604 (a research seminar),
- a masters thesis, or
- 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 www.emich.edu/admissions for minimum scores.
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 students 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 students academic performance and consist of a $4,000 stipend per academic year.
MASTER OF ARTS in Health Economics (ECNH)
The master of arts in health economics provides a basic understand-ing of the theoretical foundations and tools of economic analysis so that students gain competence in economic theory and its uses. The program exposes students to a variety of areas of economic study through course work, independent study and research. In addition, this program provides students with quantitative and computer skills that can be used to do analysis for health organizations and consult-ing firms that advise health organizations.
In addition to satisfying general Graduate School requirements, the student must satisfactorily complete the following course requirements.
The M.A. in Health Economics requires 30 hours of course work to be distributed among required courses and program courses as follows:
Required Courses .............................................................. 15 hours
*ECON415 Introduction to Econometrics (3 hrs)
*ECON511 Mathematical Economics (3 hrs)
*ECON601 Macroeconomic Analysis (3 hrs)
*ECON602 Microeconomic Analysis (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 ............................................... 15 hours
ECON436G Health Economics (must be taken for graduate credit) (3 hrs) ECON536 Advanced Health Economics (3 hrs)
Three hours from the following:
HLAD510 Medical Care Organization (3 hrs)
HLAD511 Health Law (3 hrs)
HLAD512 Reimbursement for Health Care Services (3 hrs)
Six hours from the following:
ECON455 Cost-Benefit Analysis (must be taken for
graduate credit) (3 hrs) ECON515 Econometrics: Theory and Applications (3 hrs) ECON517 Economic Analysis of Law (3 hrs) ECON520 Analytic Labor Economics (3 hrs) ECON550 Public Finance: Analysis and Policy (3 hrs) ECON560 Economics of Industrial Organization (3 hrs) ECON606 Applied Economics (3 hrs) ECON697/698/699 Independent Study (1/2/3 hrs)
PROGRAM TOTAL ......................................................... 30 hours