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. 


Core Courses 

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

ECG 562: Applied Econometrics II


Elective Courses

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 Economics

ECG/MA 528: Options and Derivatives Pricing (Asset Pricing)

MA 591: Fixed Income Products and Analysis

ARE 590: Introduction to Commodity Futures Markets

Concentration:  International Economics

ECG 548: International Economics

ARE 590: International Agricultural Trade

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 715: Environmental and Resource Economics

ARE 590: Water Economics

ARE 590: Environmental Economics in Developing Countries

FOR 519: Forest Economics

Concentration:  Applied Econometrics

ECG 563: Applied Microeconometrics

ECG 590: Big Data Econometrics

Other Electives:

ECG 590: Foundations of Capitalism

ECG 750: Introduction to Econometric Methods

ECG 765: Mathematical Methods for Economists

ARE 590: US Agricultural Policy

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.


Thesis Option 

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.


Sample Curriculum

Most of our students in this track finish the program in one year or 18 months and some finish in 2 years.

Semester Courses
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