UMSL Department of Economics - Graduate Studies
Director of Graduate Studies: Donald J. Kridel (mailto:email@example.com)
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:
- pursue further graduate study in economics, or
- prepare for a career in business, government, and other organizations; or
- 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).
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.
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.
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.
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
|LOM OM 5326
|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
||Managerial Applications of Object-Oriented Technologies
||Internet Programming (Java)
||Decision Support Systems
||Advanced Financial Management
||Introduction to Derivatives
||Capital Markets & Financial Institutions
||Professional Accountancy I
||Professional Accountancy II
||Cost Systems Analysis
|BUS AD 6990
||Strategy Formulation and Implementation
||International Business Strategies
||Marketing Planning and Strategy
||Marketing Planning and Research
||Seminar in Marketing
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.