PLEASE NOTE: MAE Program Change for Students Entering Fall 2019
The number of course credits required to complete the MAE degree is increasing from 33 to 38 with the entering class of 2019. At the same time, the credits that students will earn for each of the five core courses, Econ 500 – Econ 504, are also increasing, from 3 to 4. Therefore, the number of courses needed to complete the MAE degree is not changing. The increase in credits for the five core courses is to acknowledge that these courses have, for some years, included a one-hour section meeting each week, led by a Graduate Student Instructor, in addition to the three hours of lecture by the professor. Thus the amount of time that students spend in class is not increasing, and the work that they do for each course is likewise the same as before the change.
It is normally the case that MAE students have completed at least the following before beginning the graduate program: calculus (one year), intermediate microeconomic theory (one term), intermediate macroeconomic theory (one term), and elementary statistics (one term).
Credit Hour Requirement
A total of 38 credit hours of graduate-level coursework is required. The five MAE core courses constitute 20 of these credits. The remaining 18 credits are fulfilled with elective courses. Of those, a minimum of 6 credits will be applied to the major requirement.
Grade Point Average
Students must have a 3.0 cumulative GPA or higher to receive the MAE degree.
Required MAE Core Courses
The Department of Economics offers five courses that are explicitly for the MAE Program. Students must complete these five core courses with a grade of B- or better. The program is designed for students to take ECON 500, 501 and 503 in the fall semester of their first year, and ECON 502 and 504 in the winter semester of their first year. These courses are only offered once per academic year.
· ECON 500: Quantitative Methods | 4 credits | Term Offered: Fall
· ECON 501: Applied Microeconomic Theory | 4 credits | Term Offered: Fall
· ECON 502: Applied Macroeconomic Theory | 4 credits | Term Offered: Winter
· ECON 503: Econometrics for Applied Economics I | 4 credits | Term Offered: Fall
· ECON 504: Econometrics for Applied Economics II | 4 credits | Term Offered: Winter
The remainder of the MAE requirements will be fulfilled with approved elective courses at the graduate level, within or outside the Economics department. Students must receive a C- or better in elective courses to receive degree credit. As a general rule, courses numbered 500 and above are graduate courses. With a few exceptions, 400-level courses in Economics can be taken for graduate credit with no modification. Students should always check to confirm the status of 400-level courses to determine if the course can be applied to the MAE degree requirements. Students should refer to the “MAE Program Pre-Approved Elective Courses” document. This list of 200+ courses may be used as a guide to elective courses that have been pre-approved to be applied to the MAE program requirements. Requested additions to this list are subject to the review and approval of the MAE program director.
Students must complete a minimum of six credit hours in a concentrated area of study, and earn a grade of C- or better in all courses making up the major. A major must be declared and approved by the start of the student's final term. This is quite flexible--almost any 2-3 elective courses relevant to applied economics that are related to one another, and are not being used to satisfy one of the core requirements, can constitute the MAE major, with the approval of the MAE program director.
English Language Skills:
International students are strongly encouraged to take a course with the English Language Institute (ELI). Students who take ELI courses report an increased ability to converse in English and a stronger performance in academic classes. These classes are not required and may not be counted for credit toward the MAE degree, however they are beneficial for the success of a student in the program and beyond.
Time to Completion:
Most students complete the degree in three to four semesters. Students are not required to attend during the Spring and/or Summer term, although a few students do choose to.
International students are required to be registered for a minimum of 8 credit hours in a full term, and apply for the degree when all requirements have been fulfilled. Please refer to the International Center’s website for enrollment requirements.
The program is designed for students to take ECON 500, ECON 501 and ECON 503 in the fall semester of their first year and ECON 502 and ECON 504 in the winter semester of their first year. A typical three-semester schedule might look like this:
|FALL SEMESTER 1||WINTER SEMESTER 1||FALL SEMESTER 2|
|ECON 500 (4 credits)||ECON 502 (4 credits)||ELECTIVE (3 credits)|
|ECON 501 (4 credits)||ECON 504 (4 credits)||ELECTIVE (3 credits)|
|ECON 503 (4 credits)||ELECTIVE (3 credits)||ELECTIVE (3 credits)|
|ELECTIVE (1.5 credits)||ELECTIVE (3 credits)||ELECTIVE (1.5 credits)|