The PlusOne accelerated Master’s Program in Economics provides the opportunity for Northeastern’s undergraduate majors to complete both the undergraduate degree program (B.S. or B.A.) and the professional master’s program (M.S.) in economics in less time than if the programs were completed sequentially.
To earn the MS degree through the Plus One Accelerated MS Program in Economics, the students need to take 8 graduate level courses, the first 4 of which is taken as an undergraduate. The 4 graduate courses taken as undergraduate can count towards economic electives or general electives toward the B.S. or B.A. degrees. After the students complete the bachelor’s degree requirements and earn their B.S. or B.A. degree, they return as graduate student for the remaining 4 graduate level courses and complete the master’s degree.
Listing of graduate level courses and BA/BS major requirements
ECON 5105. Math and Statistics for Economists. (4 Hours)
Offers an intensive study of the statistical methods and techniques and mathematical fundamentals necessary for quantitative economics. Statistical topics include descriptive statistics, probability theory, fundamentals of estimation and hypothesis testing, and regression and correlation analysis. Mathematical topics include linear algebra and differential and integral calculus. Computer applications are an integral part of the course.
ECON 5110. Microeconomic Theory. (4 Hours)
Presents a survey of microeconomic theory at the beginning graduate level. Topics include theories of the consumer, firm, and market (including input and output markets), welfare economics, and market failures. Includes applications of theory to public policy questions in such fields as industrial organization and public finance. Requires knowledge of undergraduate microeconomic theory.
ECON 5120. Macroeconomic Theory. (4 Hours)
Examines theories of the short-run determination of output, employment, and prices, and long-run economic growth. Presents alternative macroeconomic models. Also consists of applied case study analysis of the theoretical models presented in class.
ECON 5140. Applied Econometrics. (4 Hours)
Offers an intensive study of econometric techniques applied to cross-section, time-series, and panel data. Applies the fundamentals of econometrics to analyzing structural economic models, forecasting, and policy analysis. Computer applications and an empirical research project are an integral part of the course.
Prerequisite(s): ECON 5105 with a minimum grade of C-
ECON 5200. Topics in Applied Economics. (4 Hours)
Presents an application of microeconomic and macroeconomic theory, as well as quantitative methods, to a variety of social issues, both domestic and international. May be repeated without limit where topics are unique.
ECON 5291. Applied Development. (4 Hours)
Focuses on major macroeconomics policy questions for developing countries in an open economy context. Combines theoretical foundations with institutional analysis and empirical evidence. Begins by developing a macroeconomic framework to analyze short-term macroeconomic adjustment and concludes with long-term growth, emphasizing the effects of financial integration and capital account regulations on macroeconomic performance in developing countries. Approaches macroeconomic policy issues from a political economy perspective on macroeconomics. Empirical data and country experiences help assess the validity of theoretical propositions and explain the complexity of development trajectories. Requires previous course work in macroeconomic theory.
ECON 5292. Gender and Development Economics. (4 Hours)
Examines topics at the intersection of women’s empowerment and economic development from an economic perspective. Introduces potential explanations for the gender inequalities in the context of developing countries as well as the role of public policy in addressing such disparities. Studies microeconomics topics such as education gaps, fertility, family planning, HIV/AIDS, marriage dynamics and intrahousehold allocation of resources, female labor outcomes and migration, as well as conflict and domestic violence. Offers students an opportunity to apply basic economic theory associated with each topic as well as the research methodologies used in recent empirical papers. Students with an econometrics background have a better understanding of the empirical papers. Requires previous course work in microeconomic theory and in statistics.
ECON 5293. Agriculture and Development. (4 Hours)
Explores primarily the role of agriculture in the evolving development context and the global economy. Reviews historical and current thinking on agriculture and development to offer students a theoretical and applied perspective on agricultural development and structural transformation in developing countries. Discusses current and emerging trends in agriculture, including agriculture’s central role in rural poverty reduction; food security, health, and nutrition issues related to natural resource use; and global developments in agriculture trade and investment within the overall framework of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals.
ECON 6105. Advanced Mathematics and Statistics for Economists. (4 Hours)
Covers the fundamental quantitative methods in economics. The first part of the course focuses on the role of mathematical models in economics, the applications of linear algebra, multivariate calculus, and static optimization theory. Studies statistics in the second part of the course, and offers students an opportunity to learn how to apply proper methods of empirical testing in economics. Additionally, introduces the statistical language R to equip students to complete most of the assignments in statistics. This is an advanced graduate course.
ECON 6110. Advanced Microeconomic Theory. (4 Hours)
Discusses consumer choice, classical demand theory, production, choice under uncertainty, competitive markets, and market power, which provide the theoretical foundation of more advanced topics that can be used as the basis to design empirical applications. Requires a strong background in linear algebra, multivariate calculus, and optimization theory for success in the course. A good undergraduate intermediate-level microeconomic theory course is also helpful. This is the first advanced graduate-level course on microeconomic theory for graduate students.
ECON 6120. Advanced Macroeconomic Theory. (4 Hours)
Develops basic models used by macroeconomists to study long-run economic growth with exogenous savings and endogenous saving decisions by optimizing households. Studies models incorporating endogenous technology improvements, including the model of increasing product variety and the model of Schumpeterian growth. In the second part of the course, basic models used by macroeconomist are developed to explain short-term fluctuations in aggregate economic variables. Develops a simple real business cycle model, which is subsequently enriched by relaxing assumptions of perfect competition on the production side and monetary neutrality. This is the first advanced graduate-level course introducing modern theories of the aggregate economy.
ECON 6140. Advanced Applied Econometrics. (4 Hours)
Offers students an opportunity to obtain the theoretical tools, computer skills, and experience using econometrics needed to appreciate and do high-quality applied research in economics. Emphasizes understanding how the properties of estimators can be found and their implications for applied research. Introduces the programming language Python, which is integrated into the course. Focuses on methods that are most useful in microeconomic analysis, including classical linear regressions, Gauss-Markov theorem and hypothesis testing, endogeneity, instrumental variable estimation and causality analysis, heteroskedasticity and serial correlations, nonlinearity, panel data methods, difference-in-difference, and regression discontinuity. This is the first advanced graduate-level course on econometrics.
Some elective courses are offered every year; others are offered every other year. Please visit the Registrar’s website at https://registrar.northeastern.edu/article/schedule-of-classes/ to determine what elective courses are available.
For more information, please contact your undergraduate academic advisor or email email@example.com.
Type of Program