Economics

703 Pray-Harrold

Eastern Michigan University

Ypsilanti, Michigan 48197

734.487.3395

[email protected]

STEM Programs

Department of Economics offers two STEM programs starting Fall 2020 while the third program is under development. Science, Technology, Engineering, and Math (STEM) classification allow students graduating from these program to be eligible for STEM related scholarship and apply to a wider range of jobs, especially companies seeking students from STEM fields. Furthermore, international students completing this program will have the opportunity to stay in United States up to three years with approved documentation (OPT/CPT) rather than one year.

Currently students who are interested in STEM degrees can:

  • Declare a major in Bachelor of Science in Quantitative Economics as an undergraduate student (starting Fall 2020);
  • Pursue a Master of Science in Applied Econometrics as a graduate student;
  • Starting Fall 2021, they can complete a Combine Bachelor of Science and Master of Science in Quantitative Economics in 5 years and 142 credit hours (a savings of half a semester or 12 credit hours).
  • Bachelor of Science in Quantitative Economics (starting in Fall 2020) Expand dropdown
    The program emphasizes quantitative skills and provides students with a solid understanding of economics, econometrics, and computational methods.

    The graduates from this program will be in high demand in industries ranging from public policy, finance, banking, to data analysis, and other related fields. The program is also beneficial for students who plan to attend graduate degree programs in economics, finance, and other related fields.

    The BS degree in Quantitative Economics is a U.S. Department of Education’s STEM (science, technology, engineering, and mathematics) designated program. Students in this program are eligible for STEM-specific scholarship and internship opportunities.

    International students studying in the U.S. on an F-1 student visa who obtain a degree from a STEM-designated program can remain in the country longer post-graduation.

    Required Courses

    1. MATH 120 Calculus I
    2. ECON 201 Principles of Macroeconomics
    3. ECON 202 Principles of Microeconomics
    4. ECON 310 Economic Statistics
    5. ECON 411 Intermediate Macroeconomic Analysis
    6. ECON 412 Intermediate Microeconomic Analysis
    7. ECON 415 Introduction to Econometrics

    Restricted Elective Courses

    Students are to complete four economics courses at the 300-level or above. At a minimum, two of these courses must be from the following:

    • ECON 416 Time Series Analysis
    • ECON 445W Economic Fluctuations and Forecasting
    • ECON 455W Cost-Benefit Analysis

    The BS in Quantitative Economics requires a minor. Although any minor is acceptable, department urges the students in this program to minor in statistics, mathematics, or computer science.

    If you are interested in learning more about the programs, please contact Department Head Dr. Mehmet E. Yaya at [email protected]. 

  • Master of Science in Applied Econometrics Expand dropdown
     

    This STEM designated degree program provides an organized and carefully developed study of applied econometrics. While the program seeks to meet the need for empirically oriented applied econometricians. In addition to the sequence of core courses, the program stresses research opportunities and the use of quantitative approaches. Extensive application of computer techniques is integral to the program.

    Students develop expertise in hypothesis testing and model building for the analysis of complex public policy issues such as monetary and fiscal policy, consumer and business behavior, health care analysis, modeling, and forecasting.

    This is a designated STEM (science, technology, engineering, and math) program.

    Required Courses

    • ECON 511  Mathematical Economics
    • ECON 514  Econometric Analysis 
    • ECON 515  Econometrics Analysis II 
    • ECON 601  Macroeconomic Analysis 
    • ECON 602  Microeconomic Analysis 
    • ECON 604  Research Seminar in Economics 

    Restricted Elective Courses

    Students are to complete four economics courses at the 500-level or above. At a minimum, two of these courses must be from the following:

    • ECON 516  Time Series Econometrics
    • ECON 537  Microeconometrics in Healthcare
    • ECON 545  Econometric Forecasting and Policy Analysis

    If you are interested in learning more about the programs, please contact Graduate Coordinator, Dr. David Crary at [email protected]

  • Combined Bachelor of Science and Master of Science in Quantitative Economics (Starting soon) Expand dropdown

    The Joint Program of the Bachelor of Science in Quantitative Economics (BSQE) and the Master of Science in Applied Econometrics (APEN) prepares students to pursue career opportunities in science, technology, engineering, mathematics (STEM) fields including business, government, and the nonprofit sectors.

    Students also receive an excellent foundation for success in Ph.D. programs in Economics and Public Policy. The JUMP in BSQE/APEN is appropriate for students who wish to seek jobs in the private and public sectors that require data analysis skills or careers that require a Ph.D. in economics or a related field. Students completing the JUMP will earn a Bachelor of Science in Quantitative Economics and Master of Science in Applied Econometrics at the same time after completing 142 credit hours in approximately 5 years.

    Students in the BSQE program must attain both 3.0 overall and major GPA before being admitted to the JUMP at the time of application for admission.  Applications for admission to the JUMP are due to the Graduate School in student's junior year. Although there is no minimum credit hours to be completed to apply, the JUMP requires students to complete the following courses before they can be admitted to the graduate portion of the program:

    • ECON 201  Principles of Macroeconomics
    • ECON 202 Principles of Microeconomics
    • ECON 310 Business Statistics
    • ECON 411 Intermediate Macroeconomics
    • ECON 412 Intermediate Microeconomics
    • ECON 415 Econometrics
    • MATH 120 Calculus I

    Students in this joint program complete most of the core graduate classes in their fourth year. In their final year (fifth year), students will take number of restricted elective courses, and they will have the option to complete an independent study as part of their program. Furthermore, the joint program requires students to complete a research seminar course in their final semester in which they intensively work on a research project with a faculty advisor.

    If you are interested in learning more about the programs, please contact Department Head Dr. Mehmet E. Yaya at [email protected].

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