Economics

FAQ on the UMSL BS/MA in Economics

 

What is the BS/MA program?
The BS/MA dual degree program is an accelerated program that allows students to complete a BS and a MA in economics in five years. 12 of the MA credit hours are "double-counted" for the BS- reducing the overall required hours from 150 (120 + 30) to 138 (108 + 30).

So far, I really like economics, is the BS/MA program right for me?
A MA in economics is not for everyone. It is much more quantitative than is the BS-strong quantitative skills are required.

If you are comfortable with mathematics and are a strong student in the quantitative economic courses (intermediate theory and econometrics), then the BS/MA may be an excellent choice for you.

When do I apply?
You can apply anytime after you have earned 60 credit hours up until you have earned approximately 105 credit hours. (It is recommended that you have completed all General Education requirements before applying.)

The department recommends applying when you have earned approximately 90 credit hours. It is best if you have already taken Intermediate Economic Theory: Microeconomics (Econ 3001) and/or Introduction to Econometrics (4100) before applying.

What are the requirements to apply?
You need between 60 and 105 credit hours with a 3.0 or better GPA (both overall and in economics). An economics faculty member must be willing to write you a recommendation to the program.

How do I apply?
Notify the Director of Graduate Studies that you are interested. Have the supporting faculty member send your letter of recommendation to the Director of Graduate Studies. Once you have been certified as eligible, there is a simple form that you will need to sign.

Why bother with the BS/MA or graduate study - in other words, what can I do with an MA in economics?
Recent employers of UMSL students include: Federal Reserve Bank of St. Louis, , Master-card, Southwestern Bell, Wells-Fargo,Edward Jones, and Caterpillar.

In addition, several former MA students are currently enrolled in Ph.D. programs (Cornell University, University of Illinois-Chicago, University of Illinois at Urbana-Champaign, Georgetown, Penn State, and University of Florida). Others have completed Ph.Ds at University of Wisconsin-Madison, University of Maryland, Washington University, George Mason, and Georgia State University, among others.

What is required for the MA portion of the degree program?
There are 30 hours in the MA program.

There are 9 required credit hours:
Econ 5001 (Microeconomics Analysis)
Econ 5002 (Macroeconomic Analysis)
Econ 5100 (Econometric Theory and Methods)

In addition, 21 credit hours of electives must be completed. At most, six credit hours may be economics courses at the 4000 level (4100 and 4150 can not be used); all other electives must be at the 5000 level or higher.

Please note that 12 of these graduate hours (selected by the student will also count towards the undergraduate BS).

Subject to pre-approval by the Director of Graduate Studies, up to 9 hours (5000 level or higher) may be outside the department, e.g., business courses or math courses.

What is the general fee rate that I pay?
Up until 108 hours, you pay the typical undergraduate educational fees (currently $235.90 per credit hour for MO residents; other fees also apply); after 108 credit hours, you pay Graduate educational fees (currently $286.90 per credit hour for MO residents; other fees also apply).

Is there financial aid available?
Yes once you are a Graduate Student ( your status automatically changes to Graduate at 105 hours), you are eligible for an assistantship. There are a limited number of assistantships and these are assigned competitively.

Most assistantships are .25 appointments which pay $1250 per semester and entitle the non-resident student to the much-lower in-state general fee rate. A few appointments are one-half time which pays $2500 per semester and pay the student's educational fees (for up to 9 credit hours; other fees apply).

How much math background is required?
One semester of calculus is the bare minimum; two semesters of calculus would be better. (Two semesters of calculus plus linear algebra may be substituted for Econ 4150). If you are planning to pursue Ph.D., then much more math is recommended. (See the FAQs on Ph.D. studies).

For additional information, contact:
Don Kridel, Director of Graduate Studies
krideld@umsl.edu