Tufts University - Graduate School of Arts and Sciences
MSc in Economics
Medford, USA
MSc
DURATION
2 years
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
EARLIEST START DATE
STUDY FORMAT
On-Campus
Key Summary
About: The MSc in Economics focuses on providing students with advanced knowledge in economic theory, quantitative techniques, and policy analysis.
The program emphasizes real-world applications and prepares students for various economic challenges.
Typically, it's structured for one year of full-time study or two years part-time, with an option for practical projects and research.
Career Outcomes: Graduates of this program can pursue diverse career paths, including roles as economists, policy analysts, financial consultants, and researchers in both public and private sectors.
Opportunities also exist in international organizations, government agencies, and non-profits, offering the chance to impact economic policy and decision-making.
The Economics master's program offers excellent preparation for students who wish to go on to careers in consulting firms, government and international agencies, teaching, the financial sector, and research. It prepares graduates to work in a variety of areas and specialties, including economic development and growth, international economic relations, income inequality, environment, education, housing, and competition policy.
The master's program also provides exceptional background for students who wish to go on to doctoral study in economics or related subjects, such as marketing, finance, and accounting. Some students continue on to our PhD program in economics and public policy.
The Department of Economics offers a program leading to a Master of Science in Economics that provides a deep understanding of the theoretical and empirical foundations of economics and the quantitative tools required for research careers in economics. The department offers two-degree program tracks:
- M.S. in Economics: Course-Based track
An eight-credit program that can be completed in one year, without a thesis. - M.S. in Economics: Research-Based track*
A twelve-credit program to be completed in two years, with a master's thesis.
*Research-based track applications are only available to enrolling students and must be submitted in the spring of their first year.
Learning Objectives
The master of science (course-based) will allow students to do the following:
- Use fundamental economic concepts such as scarcity; incentives; trade‐offs; opportunity costs; comparative advantage; price system; efficient allocation of resources; market failures; government failures; and scope of fiscal, monetary, and regulatory policies.
- Both apply economic theory to a range of economic issues across a variety of fields and economics subdisciplines and also effectively communicate their analysis.
- Use statistical and econometric methods—including data gathering, data analysis, and hypothesis testing—in applied empirical work.
- Apply multivariate calculus and linear algebra to the study of economic issues, and use mathematical tools to derive results in economic theory and econometrics.
- Read, understand, and replicate research papers in economics.
The master of science (research-based) will allow students to do the following:
- Use fundamental economic concepts such as scarcity; incentives; trade‐offs; opportunity costs; comparative advantage; price system; efficient allocation of resources; market failures; government failures; and scope of fiscal, monetary, and regulatory policies.
- Both apply economic theory to a range of economic issues across a variety of fields and economics subdisciplines and also effectively communicate their analysis.
- Use statistical and econometric methods—including data gathering, data analysis, and hypothesis testing—in applied empirical work.
- Apply multivariate calculus and linear algebra to the study of economic issues, and use mathematical tools to derive results in economic theory and econometrics.
- Read, understand, and replicate research papers in economics.
- Understand advanced econometric methods currently used in applied empirical work.
- Form a specific hypothesis or question that is the basis for a research project or paper.
- Carry out a literature review of a specific area of economics.
- For students carrying out empirical thesis research:
- Develop economic models underlying economic research.
- Collect and analyze data that is relevant for carrying out economic research.
- Develop econometric models.
- Estimate these models and effectively interpret the results.
- Develop economic models underlying economic research.
- Collect and analyze data that is relevant for carrying out economic research.
- Develop econometric models.
- Estimate these models and effectively interpret the results.
- For students carrying out theoretical thesis research:
- Develop economic models underlying economic research.
- Effectively analyze these models with the goal of evaluating the specific hypothesis or question that is the basis for a research project or paper.
- Develop economic models underlying economic research.
- Effectively analyze these models with the goal of evaluating the specific hypothesis or question that is the basis for a research project or paper.
- Demonstrate writing and oral skills to present, explain, and defend original economic research through a written thesis and an oral thesis defense.