Economics

UMSL Department of Economics - Graduate Studies

 

Director of Graduate Studies: Donald J. Kridel (mailto:krideld@umsl.edu)

MASTER OF ARTS IN ECONOMICS - (Learning Outcomes)

The Department of Economics offers a Master of Arts in Economics (MA FAQs). The MA is designed for students interested in a broad background in the traditional fields of economics. It is intended for those who wish to:

  1. pursue further graduate study in economics, or

  2. prepare for a career in business, government, and other organizations; or

  3. teach basic economics;

A recommended study program is available for students who plan to pursue a Ph.D. after completing the MA in economics at UMSL (Ph.D. application FAQs).

Admission Requirements
An undergraduate major in economics is not required for acceptance into the program. Application for admission may be submitted at any time, although class work formally begins in late August, mid-January, and mid-June. Candidates must meet the general admission requirements of the Graduate School, submit GRE scores (Advanced Economics optional), and submit two letters of recommendation from persons qualified to judge the candidates' potential for success in the program.

The admission decision is based on the applicant's academic transcript, GRE scores, letters of recommendation, and a personal narrative on the application form.

Departmental Honors
A student may earn departmental honors with a GPA of 3.75 in all required courses for the MA degree and the recommendation of the department.

Degree Requirements
The MA in Economics requires 30 credit hours; at least 21 of these credit hours must be completed in residence.

Candidates need not have an undergraduate degree in economics. However, students are expected to have taken intermediate micro- and macro-economics, mathematical economics, and introductory econometrics prior to the beginning of the core curriculum. Students that do not have these courses will take these courses first; credits earned in these courses do not count towards the 30 hours required for the MA.

Required Core Courses
The following courses or their equivalents are required for both the MA. Students with previous education in economics or business may waive some of these courses.

Electives

Candidates must complete at least 21 hours of electives. A maximum of 6 hours of economics electives may be taken at the 4000 level. With the approval of the graduate coordinator, students may take up to 9 hours of graduate courses outside the Department of Economics. In particular, students interested in business economics may take up to three approved graduate courses for their electives in business.

The current Business courses that can be used as non-economics electives in the MA programs are as follows:

LOM OM 5320 Production and Operations Management
LOM OM 5322 Lean Production
LOM OM 5326 Quality Management
LOM OM 5354 Simulation for Managerial Decision Making
LOM OM 6330 Business Logistics Systems
LOM OM 6331 Logistics and Supply Chain Operations Modeling
LOM OM 6332 Logistics and Supply Chain Strategic Modeling
INFSYS 6806 Managerial Applications of Object-Oriented Technologies
INFSYS 6808 Internet Programming (Java)
INFSYS 6833 Decision Support Systems
INFSYS 6837 IS/IT Architecture
FINANCE 6500 Financial Management
FINANCE 6501 Advanced Financial Management
FINANCE 6520 Security Analysis
FINANCE 6521 Introduction to Derivatives
FINANCE 6540 Capital Markets & Financial Institutions
ACCTNG 5404 Professional Accountancy I
ACCTNG 5405 Professional Accountancy II
ACCTNG 5411 Cost Systems Analysis
BUS AD 6990 Strategy Formulation and Implementation
INTBUS 5289 International Business Strategies
MKTG 5401 Marketing Planning and Strategy
MKTG 5740 Marketing Planning and Research
MKTG 5795 Seminar in Marketing

 

DUAL MBA/MA

For as few as 15 hours of additional course work in economics, a Master of Arts in Economics may be obtained along with your Master of Business Administration (MBA) degree. Students apply for the MA during the last semester of MBA studies; the usual on-line application is utilized. Full-time students may be able to complete the MA degree in as little as a year, while part-time students can be accommodated over a longer time period. The total number of additional courses required will depend on which electives the student has taken in their MBA program; students are advised to contact the Director of Graduate Studies in Economics regarding the choice of possible MBA electives.

The following course of study is recommended for dual degree-seekers. It is assumed that students have already completed at least one course in calculus.

I) Core requirements - 9 hours

II) Electives - 21 hours (less credit hours accepted from the MBA)

Up to twelve hours of graduate-level electives (excluding BA 5000, BA 5001, and IS 6800 and LOM 5300) may be incorporated from your MBA degree program. The remaining nine elective graduate hours must be in economics (only three hours of which may be at the 4000 level).

Applicants need not have an undergraduate degree in economics. However, students are expected to have taken, either at the baccalaureate or MBA level: Intermediate Microeconomics (Econ 3001 or BA 5001), Intermediate Macroeconomics (Econ 3002 or BA 5002), Mathematical Economics (Econ 4150), and Introductory Econometrics (Econ 4100). Students, without these courses, must take these courses and these courses do not count towards the hours required for the MA.