PhD-prep Master’s Track
The PhD-prep track is for students who will enter a PhD in economics program 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 theory-based core sequence of six courses:
ECG 700: Fundamentals of Microeconomics
ECG 703: Fundamentals of Macroeconomics
ECG 765: Mathematical Methods for Economists
ST 501: Fundamentals of Statistical Inference I
ST 502: Fundamentals of Statistical Inference II
ECG 750: Introduction to Econometric Methods
An additional four courses (12 credit hours) of electives are required, including at least two ECG (at the 500 or 700 level) courses (6 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. Finally, students with excellent first-year performance may opt to enter our PhD program in the second year.
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 and Law
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.
Although it is possible to finish the PhD-prep track within 1 year as the terminal master's track, most of our students in this track finish in two years. In their second year of study, they either enter our own PhD program or prepare and submit their applications to PhD programs at other universities.
|1st semester||ECG 700; ECG 765; ST 501|
|2nd semester||ECG 703; ECG 750; ST 502|
|3rd semester||Elective 1; Elective 2 or enter the PhD program|
MR: Elective 3; Elective 4
MS: 6 hours of thesis research
Those who entered the PhD program in the 3rd semester: continue in the PhD program