The Department of Economics at Northeastern University offers a PhD and an MA program. The most distinctive feature of Northeastern University's graduate programs in economics is an emphasis on applied economics, coupled with attention to providing a solid grounding in microeconomic and macroeconomic theory, and econometrics. Students come from all over the world, and the curriculum is designed with this in mind, striving for balance in coverage of economies that are rich and poor, large and small, mixed and market. This gives a unique flavor to the course of study, making it well-suited to the analysis of the emerging global economy of the twenty-first century.
PhD in Applied Economics
The Doctor of Philosophy in Economics at Northeastern University is a small and focused program that includes specializations in industrial organization economics and labor economics. Students gain in-depth knowledge of economic theory, practice, and policy. This prepares them for positions in the business and government sectors that relate to product and labor market operations. Individuals may enter the PhD program at the bachelor's or master's level.
Industrial Organization Specialization
PhD students who choose the industrial organization specialty learn how to analyze and evaluate the performance of various markets and develop appropriate policy responses to address problems with market performance. Students in this specialization may also study transportation economics.
Students who have master's degrees complete 6 courses (24 semester hours of credit), while bachelor degree holders complete 12 courses or 48 semester hours of credit. The program also involves passing the microeconomics and macroeconomics qualifying exams as well as the field comprehensive exam. The field exam includes both questions pertaining to students' specializations and questions regarding econometrics methodology. The PhD curriculum also includes attendance to field lunches, creating a dissertation committee, and presenting a dissertation proposal. The program culminates with completing and defending the dissertation.
Labor Economics Specialization
Students who pursue a specialty in labor economics master the skills needed to analyze the neoclassical labor market. Topics of study include human capital, demand for labor, market equilibrium, and distribution of wages and earnings. Students also gain an understanding of the theoretical and empirical issues that are associated with current topics in labor economics such as discrimination, efficiency wage theory, labor legislation, life cycle analysis, intergenerational earnings mobility, and employment and training policies.
Master of Arts in Economics
The Master of Arts (MA) in Economics program at Northeastern University is designed for individuals who are interested in careers as professional economists, government officials, and economic consultants. The program also prepares students for doctoral study in economics. Approximately20 to 30 students are accepted into the program each year. They may enroll in the program on a full-time or part-time basis. The curriculum for the MA in Economics program consists of 16 hours of core courses that focus on economic theory and quantitative methods. It also includes 16 hours of elective courses that focus on developing presentation skills and completing project-related writing assignments. Over the course of their education, students acquire the expertise needed to use economic analysis to increase the understanding of how economies work. This knowledge can be used to help shape public policy.
In addition, Northeastern University offers students in the MA in Economics program a cooperative education option. The co-op program makes it possible for students to complement classroom study with practical experience in the field of economics. The co-op assignment is a full-time, paid position that enables students to earn experiential learning credit, establish professional contacts, and acquire pertinent work experience.