Terminal Master’s Track
The terminal master's track is for students who will seek full-time employment after graduation. Students may enroll in the track on either a full-time or part-time basis. Full-time students can finish the program in 1 year, 18 months or 2 years, depending on their own pace.
Students choosing this track will complete a quantitatively rigorous core sequence of four courses that includes two semesters of econometric analysis:
ECG 700: Fundamentals of Microeconomics
ECG 703: Fundamentals of Macroeconomics
ECG 561: Applied Econometrics I: focuses on linear regression models for cross-sectional and panel data
ECG 562: Applied Econometrics II: focuses on time series analysis
An additional six courses (18 credit hours) of electives are required, including at least four ECG (at the 500 or 700 level) courses (12 credit hours) and up to two courses (6 credit hours) from other departments (at the 400 level or above). Students may simply select from appropriate ECG and other approved courses. But they also have the opportunity to concentrate their studies on one or multiple fields that match with their own interests.
Concentration: Financial/Macro Econometrics
ECG/MA 528: Options and Derivatives Pricing (Asset Pricing)
ARE 590: Introduction to Commodity Futures Markets
ECG 766: Computational Methods in Economics and Finance
Concentration: International Development and Trade
ECG 540 or ECG 740 (not both): Economic Development
ECG 548: International Economics
PS 539: International Political Economy
Concentration: Natural Resource & Environmental Economics
ECG 515: Environmental and Resource Policy (Course is required of students completing this area of concentration.)
ECG 590: Dynamic Environmental & Resource Management
ECG 715: Environmental and Resource Economics
ARE 590: Water Economics
ARE 590: Environmental Economics in Developing Countries
FOR 519: Forest Economics
Concentration: Economic Policy
ARE 590: US Agricultural Policy
ARE 590: Food Policy
ECG 563: Applied Microeconometrics: focuses on nonlinear regression models and program evaluation using micro data
ECG 590: Big Data Econometrics
ECG 590: Foundations of Capitalism
ARE 590: Contracts and Organizations in Agriculture
Additional rules regarding the concentrations
A minimum of two courses in a given area are required to claim a concentration.
Cannot use the same course for multiple concentrations.
A thesis is required for the MS degree (Master of Science in Economics) rather than the MR degree (Master of Economics). Up to 6 credit hours of ECG 695 (Thesis Preparation) may be applied toward the degree as electives (so only need to complete four other elective courses). The thesis requirement is met upon successfully passing a final oral exam. The oral exam consists of an oral defense of the completed written thesis before the student's thesis advisory committee.
Most of our students in this track finish the program in one year or 18 months and some finish in 2 years.
|1st semester||ECG 700; ECG 561; Elective 1; Elective 2|
|2nd semester||ECG 703; ECG 562; Elective 3; Elective 4|
|3rd semester (maybe Summer)||
MR: Elective 5; Elective 6
MS: 6 credit hours of thesis research