The Masters in Economics program at Miami University is designed to prepare students to be economic analysts in the private or public sector, or to pursue a Ph.D. at another institution.
The Masters program can be completed in one calendar year. In the first semester the student takes four courses for a total of 12 credit hours: Advanced Microeconomics, Advanced Macroeconomics, Econometrics, and Quantitative Methods. These courses lay the foundations of theory and testing that will be used in the second semester courses.
In the second semester, the student takes five courses for a total of 13 credit hours. Advanced Topics in Microeconomics and Advanced Topics in Macroeconomics apply and extend the tools developed in the first semester courses to specific topics of current interest. Recent topics courses have focused on international economics, urban and regional issues, and the effect of money on the economy. In these courses, students are exposed to current debates and controversies in a specific area of economics, and are shown the role of theory and testing in the evolution of the issues.
The second semester also includes two two-hour courses in econometrics. In the first course, the econometric techniques discussed in the fall are extended to include simultaneous equations, specification bias, qualitative dependent variable models, survival data, and the analysis of panel data. The second course introduces the student to modern time series techniques. ARMA models, Dickey-Fuller tests, and cointegration are among the topics discussed.
The student also takes a course in research methods, selecting an area of interest and then learning how to explore it. In this course the student writes a literature review, identifies unresolved issues, and develops a strategy that would shed light on the disputed matters.
During the summer the student writes an exit paper. Frequently, students choose the topic they developed in the research methods class. While writing the e
Southern Association of Colleges and Schools Commission on Colleges
International Student Requirements:
The university requires a minimum TOEFL of 550 for the paper version, 213 on the computer version or 80 on the internet version.
Facts & Figures
Classification: Doctoral/Research University—Intensive
Locale: Small City
Size & Settings: 10,000-19,999