Department of Economics || Masters of Arts

Masters of Arts in Economics

Tarun Dadoo

The Students

The student body is quite diverse. Students from the U.S., China, India, Kyrgyzstan, Mexico, Nepal, Russia, Thailand, and Turkey have enrolled in our program. Approximately a third of our students work full-time in private industry or government while the others work part-time or are full-time students. About half of the graduate students are women. Our students hold undergraduate degrees in Economics, Business, Engineering, Mathematics and Political Science.

Almost every student has been successfully placed shortly after graduation. Those seeking a Ph.D. in Economics and related fields such as Business and Finance have gone on to universities such as Chicago, Cornell, Indiana, Iowa, North Carolina, Rutgers, UC-San Diego, and Virginia Tech. Other graduates have taken jobs with employers such as the Federal Home Loan Bank Board, the Indianapolis Department of Commerce, the Indiana State Budget Agency, the IU Medical Center, Pedcor Bancorp, Spiegel, Inc., Union Federal Savings Bank, the Veterans Administration Medical Center, and Walker Research.

A 2003 study for the European Economics Association included IUPUI in their list of the top 200 research departments in the world. We were among the top 80 in the U.S.

The Department of Economics is pleased to announce that it now offers three concentrations in the MA program. Each concentration requires 30 hours of coursework, including 6 hours of electives outside of economics. The General Econometrics concentration is designed to give students general skills in interpreting and analyzing data that are suitable for a wide variety of jobs in business and government. The concentration in Health Economics prepares students for work in the health industry and for private and government research positions that examine various impacts of health on the economy. The third concentration, PhD Prep, prepares students to enter a PhD program in economics by emphasizing more theoretically rigorous courses and fewer applied courses.

The course schedule for each concentration is given below. Courses are three credits unless indicated otherwise. A course designated with * is recommended but is not required, a course designated with ** is a PhD level course. Note also that there is a new numbering for Microeconomic Theory, E511 replaces the old E521 numbering.

General Econometrics

First Year
Fall

1. E504 Math for Economists
2. E522 Macroeconomic Theory
3. STAT 51600 Probability

Spring

1. E570 Econometrics
2. E583 Applied Macroeconomics
3. STAT 51700 Statistical Inference

Second Year
Fall

1. E511 Microeconomic Theory
2. E574 Times Series and Forecasting
3. E600* Readings (2 credits)

Spring
1. E581 Applied Microeconomics I
2. E582 Applied Microeconomics II

Health Economics

First Year

Fall

1. E504 Math for Economists
2. E522 Macroeconomic Theory
3. PBHL Health Economics

Spring

1. E570 Econometrics
2. E583 Applied Macroeconomics
3. E600* Readings (2 credits)

Second Year

Fall

1. E511 Microeconomic Theory
2. E574 Times Series and Forecasting
3. PBHL 517 Epidemiology

Spring

1. E581 Applied Microeconomics
(Topics in Health Economics)
2. E582 Applied Microeconomics II

PhD Prep

First Year

Fall

1. E520** Math for Economists
2. E522 Macroeconomic Theory
3. STAT 519 Probability Theory

Spring
1. E570 Econometrics
2. E583 Applied Macroeconomics
3. E577**Computer Methods

Second Year

Fall
1. E521** Microeconomic Theory
2. M44400 Real Analysis
3. E571*^,** Econometrics I

Spring

1. E581 Applied Microeconomics I
2. E582 Applied Microeconomics II

Admissions

Students with good credentials in any discipline may apply to the program, but successful applicants usually demonstrate an ability in economics or other areas with significant training in mathematics. Applicants must submit an online application Click Here, official transcripts of all relevant academic work, three letters of recommendation from people capable of assessing the student’s potential for graduate study (at least two are normally from former instructors), scores from the Graduate Record Examination (GRE), and a personal statement indicating why they wish to earn an advanced degree in economics. Graduate study in Economics also requires knowledge of intermediate-level undergraduate economic theory, differential and integral calculus, and statistics. An applicant whose academic record does not meet the standard in a particular area may be admitted if his or her record is outstanding in other respects.

Foreign applicants are required to take the Test of English as a Foreign Language (TOEFL) and receive a score of 550 or above. A score of 600 and above is usually needed to be successful in the Economics program. They will also be required to take an on-campus exam for English proficiency prior to their first semester of course work and may be required to take additional classes in English as a second language. We also accept successful completion of ELS 112 in lieu of a TOEFL score for admission.

To apply online please Click Here

International applications for admission must be completed, with all supporting documentation received, by April 15th. Domestic applications must be completed, with all supporting documentation received, by July 1st. Applications are accepted for Fall admission only.

Financial Support

Tuition fees for the 2012-2013 academic year are $318.20 per credit hour for Indiana residents and $957.70 per credit hour for non-residents plus mandatory fees. Please visit the Bursar webpage for a tuition and fee estimator. These rates have been increasing by about 5 percent per year.

Support in the form of an assistantship with tuition remission is not available for the Masters program. However, there is occasionally a research project that needs an assistant. If so, it may be possible for you to earn some money in a career-related job or internship. Although there are no guarantees, a number of master’s students have held such jobs in either the summer or during the year. To compete for such a position, your English and data analysis skills must be strong.

For questions please contact Professor Peter Rangazas at: prangaza@iupui.edu