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Master of Science in Economics

The Master of Science program is designed to serve the need for a terminal graduate degree for professional economists, government officials, and economic consultants, and to lay the groundwork for students who wish to pursue the PhD degree. Approximately thirty students enter the program each year. Students are required to complete at least thirty-two semester hours of academic work, of which sixteen semester hours constitute core courses. Part-time (<8 SH) as well as full-time enrollment is possible.

The MS degree is designed to provide a solid foundation in economic theory and quantitative methods (core courses), while providing an opportunity for students to apply the tools of economic analysis to particular policy areas. The focus of the program is on application and practice. Development of presentation skills and ability to produce project-oriented writing assignments are essential to the program and are emphasized in the elective (application) courses. Even the core courses incorporate application of theory and/or methods. The option to incorporate co-op (paid work for 6 months) into the program enhances the practice orientation of the degree.

The MS degree is STEM certified covering a curriculum based on the idea of educating students in four specific disciplines — science, technology, engineering and mathematics — in an interdisciplinary and applied approach.  (The IPEDS classification:  Detail for CIP Code 45.0603    Title: Econometrics and Quantitative Economics)

Curriculum

The MS program requires 8 courses (32 semester hours of credit), including four core courses and four elective courses. Students typically complete the program in three or four semesters.

Current and prospective students should refer to the Graduate Catalog for a description of the Master of Science in Economics curriculum.

Available Tracks

To help prepare students for different career paths, the department offers three tracks:

Note: all tracks in general require the following 4 core 5000 level grad courses:

Policy

In general, students who take two courses from the designated set of relevant courses for each track can claim the track as their specialty. The relevant courses for various tracks below are suggestive. The available courses will vary year by year to some degree. A small set of courses can count for more than one track, but only one course may be double-counted for the purpose of claiming tracks. Finally, upon approval, students can take and count up to 2 courses outside the economics department.

a) Financial Economics

ECON 7200 ST: Changing Market Technology
ECON 7240 Workshop in Applied Econometrics
ECON 7251 International Finance
Relevant courses in Finance Department

b) Health Economics

ECON 7200 ST: Health Econ & Health Care
ECON 7240 Workshop in Applied Econometrics
Relevant courses in Bouve College of Health Sciences such as:
PHTH 5234 Economic Perspectives on Health Policy

c) Industrial Organization

ECON 7271 Industrial Organization
ECON 7200 ST: Comp Policy & Regulation
ECON 7200 ST: Games and Behaviors
ECON 7240 Workshop in Applied Econometrics
NETS 7341 Network Economics

d) International Economics

ECON 7240 Workshop in Applied Econometrics
ECON 7250 International Economic Development
ECON 7251 International Finance
ECON 7253 International Integration

e) Labor and Development Economics

ECON 5291 Applied Development
ECON 5292 Gender and Development Economics
ECON 5293 Agriculture and Economic Development
ECON 7240 Workshop in Applied Econometrics
ECON 7250 International Economic Development

f) Public Economics

PPUA 6530 State and Local Public Finance
ECON 7200 ST: Health Econ & Health Care
ECON 7210 Applied Microeconomic Policy Analysis
ECON 7266 Economics of Government

g) Urban and Regional Economics

ECON 7210 Applied Microeconomic Policy Analysis
ECON 7260 Urban Economic Systems
ECON 7261 Urban Economic Development
ECON 7262 Regional Economic Theory

Quantitative Analysis

ECON 7240 Workshop in Applied Econometrics
Relevant courses in Data Analytics or Data Sciences programs such as:

  • DA 5020 Collecting, Storing, and Retrieving Data
  • DA 5030 Data Mining and Machine Learning
  • DS 5220 Supervised Machine Learning and Learning Theory
  • DS 5230 Unsupervised Machine Learning and Data Mining

Academic Track

This track is primarily for students who would like to pursue a PhD degree upon graduation. Students who followed this track have typically entered our own PhD program or gone to other PhD programs such as Cornell and Wisconsin. Note, however, students in this track are not guaranteed an admission to our own PhD program, although students in this track who perform well would have a significantly higher chance to be admitted.

Requirements:

a) Core courses:

  • Math and Stat (ECON 5105)
  • Micro Theory 1 (ECON 5110)
  • Macro Theory 1 (ECON 5120)
  • Applied Econometrics 1 (ECON 5140) – PhD section

b) Core electives:

  • Micro Theory 2 (7710)
  • Macro Theory 2 (7720)
  • Applied Econometrics 2 (7740)

c) Other elective classes


Course Scheduling

Most graduate classes meet twice per week for one and one-half hours each day or once per week for three hours. Most master’s level classes are scheduled Monday through Friday, between the hours of 4 and 8 p.m.

To view the class schedule for the current semester, here is a link to the registrar’s website. https://wl11gp.neu.edu/udcprod8/NEUCLSS.p_disp_dyn_sched

 

Navigating your way through the MS program

There are two possible course sequences for students enrolled in the MS program to satisfactorily progress toward the degree. The first sequence applies to students who want to graduate in three semesters. The second applies to students who want or need to be full time but prefer to graduate in four semesters. To be considered a full-time student, however, you must take at least eight (8) semester hours (two economics courses) per semester. Students must register for 12 semester hours (three economics courses) per semester during their first two semesters to make satisfactory progress toward the degree

THREE-SEMESTER MS SEQUENCE

SEMESTER 1 SEMESTER 2 SEMESTER 3
ECON 5105 ECON 5120 ELECTIVE
ECON 5110 ECON 5140 ELECTIVE
ELECTIVE ELECTIVE

FOUR-SEMESTER MS SEQUENCE

SEMESTER 1 SEMESTER 2 SEMESTER 3 SEMESTER 4
ECON 5105 ECON 5120 ELECTIVE
ECON 5110 ECON 5140 INSH 6864 ELECTIVE
 ELECTIVE ELECTIVE  Co-op option  

Some elective courses are offered every year; others are offered every other year. Please consult the registrar’s  website to determine what elective courses are available.

Master’s students are permitted, with approval, to take two graduate courses outside of the economics department during their program. They also may, if they have satisfied the prerequisites and have gotten permission from the instructor, choose one or more courses designated for doctoral students.

Current and prospective students should refer to the Graduate Catalog for a description of the Master of Science in Economics curriculum.

THE MS CO-OP OPTION

Northeastern University’s academic programs are widely known for incorporating on-the-job learning experiences with academic training. The Department of Economics offers a Graduate Cooperative Education option in its Master of Science in Economics program. This exciting program option allows qualified students to enhance their practice-oriented graduate education in Economics with actual work experience.

To be eligible for the Co-op program, Masters students in Economics must meet the following requirements:

LEARN MORE

To learn more, interested masters students should first meet with their Graduate Program Director to determine eligibility and where co-op will fit within the student’s curriculum.  If you are interested in potentially pursuing co-op, please click here!


Placements

The following lists are not meant to be comprehensive but a representation of career and academic placements for co-op and beyond.

Co-ops in the Academic Year 2018-2019
  • Vertex Pharmaceuticals, Corporate Real Estate co-op
  • MA Division of Insurance, Consumer Information Ambassador
  • Akamai Technologies, HR Compensation Analyst
  • Boston Planning & Development Agency, Research Co-op
  • Sappi North America, Boston Human Resources
  • MA Division of Insurance, Consumer Information Ambassador
  • HR Process Improvement Assistant, MBTA
  • Program Assistant , NU Global Pathways
  • Consumer Information Ambassador, MA Division of Insurance

 

Past Placements upon graduation
  • Bank of America
  • Boston Scientific
  • Brookings Institution
  • Bureau of Labor Statistics
  • Federal Reserve Bank of Boston
  • First American Financial
  • State Street Bank Wellington Management
Past PhD program/ Higher Education admissions
  • University of Wisconsin Madison
  • Cornell University
  • Northeastern University
  • Tulane University
  • Brandeis University
  • Clark University
  • University of Georgia
  • Boston University School of Law

 


Contacts

Jun Ma, AssociateProfessor and MA Graduate Program Director
ju.ma@northeastern.edu
324 Lake Hall
617.373.3646

Jacquaetta Hester, Graduate Administration Coordinator
j.hester@northeastern.edu
301 Lake Hall
617.373.2871

Cheryl Fonville, Administrative Officer
c.fonville@neu.edu
301 Lake Hall, 617.373.2872

Please direct email inquiries to gradecon@neu.edu.