The University of Texas at Dallas
Master of Science in Economics

Richardson, USA

DEGREE TYPE

MSc

DURATION

2 years

LANGUAGES

English

PACE

Full time

APPLICATION DEADLINE

EARLIEST START DATE

STUDY FORMAT

On-Campus

* late application deadline: day prior to classes begin

Key Summary

About : The Master of Science in Economics focuses on rigorous analytical and quantitative skills, preparing students for economic analysis. The program covers microeconomics, macroeconomics, econometrics, and offers optional modules in various specialized areas. It typically spans one year full-time or two years part-time, allowing flexibility in learning modes.

Career Outcomes : Graduates may pursue careers as economic analysts, financial consultants, policy advisers, or research economists. There's potential for work in private industry, government agencies, and international organizations, equipping students for various roles in the economic landscape.

Both industry and government have a great need for economists with advanced training. The UT Dallas MS in Economics offers excellent preparation, with an emphasis on theory and quantitative skills. Graduates leave the program with the ability to think critically and apply both economic theory and quantitative skills to real-world problems.

Graduates of the economics program will have an educational background that is conducive to employment in banking or financial institutions, insurance, data analytics, forecasting, labour arbitration, regulation, and urban and regional planning. Graduates may also choose to undertake further studies in Ph.D. programs in economics, statistics, or additional studies in business or law.

Mission

The mission of the Master of Science in Economics is to provide excellent graduate-level education in economics, with an emphasis on the development of the theoretical understanding of economic phenomena, quantitative skills that can be applied to economic problems, and critical thinking to understand how best to apply economic theory and quantitative skills to real-world problems faced by firms and/or the government. Graduates of the Economics program will have an educational background that is conducive to employment in market analysis, data analysis, banking or financial institutions, insurance, consulting, corporate strategic planning, real estate, journalism, management, marketing, labour arbitration, regulation, environmental and urban and regional planning, and quantitative analysis. Graduates may also choose to undertake further studies in Ph.D. programs in Economics, Political Economy, and Political Science, as well as additional studies in business or law.

Prerequisites

For the Master of Science in Economics, students with a Bachelor of Science in Economics and courses in calculus and matrix or linear algebra will have the necessary foundation in economics, statistics, and mathematics. Students who lack this foundation should complete the following undergraduate courses at UT Dallas or their equivalents at another institution: ECON 3310 Intermediate Microeconomic Theory, ECON 3311 Intermediate Macroeconomic Theory, ECON 4351 Mathematical Economics, ECON 4355 Econometrics, and EPPS 2302 Methods of Quantitative Analysis in the Social and Policy Sciences, MATH 1325 Applied Calculus I, MATH 1326 Applied Calculus II, and MATH 2333 Matrices, Vectors, and Their Application in order to begin the program.

Degree Requirements

Students seeking a Master of Science in Economics degree must complete 36 semester credit hours of work in the program. The program has three components: 12 semester credit hours (four courses) of Required Core Courses (listed below), 9 semester credit hours of Economics Electives, and 15 semester credit hours of Other Electives. Students must consult with the Director of Graduate Studies of the Economics Program each semester in order to determine the approved Economics Electives and Other Electives each semester. Students must achieve at least a 3.0 grade point average in the required courses and an overall grade point average of 3.0 to graduate.

Major Required Core Courses in Economics: 12 semester credit hours

ECON 5321 Microeconomic Theory for Applications
ECON 5322 Macroeconomic Theory for Applications
ECON 6305 Mathematical Economics
ECON 6306 Applied Econometrics

Advising note: If the student intends to enter the Ph.D. program in Economics upon completion of the MS, then he or she should consider taking ECON 6301 Microeconomics Theory I instead of ECON 5321 and ECON 6302 Macroeconomics Theory I instead of ECON 5322.

Economics Elective Courses: 9 semester credit hours

Approved ECON courses numbered 5000 and above.

Other Elective Courses: 15 semester credit hours

Approved ECON courses numbered 5000 and above or approved graduate courses from other programs.

Advising note: If the student intends to enter the Ph.D. program in Economics upon completion of the MS then he or she should consider taking ECON 7301 Microeconomics Theory II and ECON 7302 Macroeconomics Theory II as electives.