Economics

Major: Economics
Degree Awarded: Master of Science in Economics (MSECON)
Calendar Type: Quarter
Total Credit Hours: 45.0
Classification of Instructional Programs (CIP) code: 45.0603
Standard Occupational Classification (SOC) code:
19-3011

About the Program

The Master of Science program in Economics at Drexel University integrates training in core economics, rigorous quantitative methods and policy analysis. It prepares students for a career in industry, the financial sector, government or international organizations. The program also provides the necessary knowledge and the analytical skills to the students wishing to pursue a PhD degree in related areas.

Admission Requirements

The LeBow College of Business: School of Economics seeks applicants with exceptional ability and motivation. Students who hold a bachelor’s degree, either in economics or another discipline, may apply to the MS program. All courses in the program expect a preparation of at least principles of economics and basic statistics. Students who lack some part of this preparation may be considered for admission conditional on their completing the appropriate undergraduate courses as non-matriculated students during the summer term before they begin the program in the fall.

 In reviewing an applicant's credentials, the faculty will consider the following factors:

  • Prior Academic Accomplishments: The faculty will examine all course work taken prior to application, paying particular attention to the specific courses that have been completed. Applicants should have attained a minimum grade point average of 3.0 (on a 4.0 scale) for all undergraduate course work completed. 
  • Graduate Record Examination (GRE) or Graduate Management Aptitude Test (GMAT): Applicants are required to submit GRE or GMAT scores. Scores of more than five years old are not accepted.
  • Test of English as a Foreign Language (TOEFL): Applicants whose native language is not English and who have not already received a degree from a U.S. university must also submit scores from the Test of English as a Foreign Language (TOEFL).
  • Personal Statement/Essay: Each applicant must submit a personal statement. The personal statement should explain the applicant's educational and personal experiences that have influenced the decision to pursue an MS and should discuss the candidate's career plans and goals.
  • Letters of Recommendation: Two letters of recommendation must be submitted in support of the application. Applicants are strongly encouraged to seek recommendations from academics or other professionals who can assess the applicant's likelihood of success in the MS program.

Admission Procedures

The MS in Economics program admits students each fall. To be considered for admission, the completed application must be received by the LeBow College of Business Office of Graduate Admissions. Admissions are considered on a rolling basis and will remain open until all available slots are filled. It is the applicant's responsibility to ensure that all transcripts, test scores and letters of recommendation, as well as the application form and the personal statement, are received by LeBow College Business, School of Economics.

Graduate Assistantships and Financial Aid

Financial assistance for the MS program may be available on a limited basis to highly qualified candidates.
Research Assistantships and Teaching Assistantships may be also be available on a limited basis for highly qualified candidates. 

To obtain an application, please contact:

Graduate Admissions Office
Bennett S. LeBow College of Business
Drexel University
3141 Chestnut Street
Philadelphia, PA 19104-2875
215.895.6804
msecon@lebow.drexel.edu

Degree Requirements

Core Requirements
Select one course from each of the following sets:
ECON 548Mathematical Economics3.0
or ECON 902 Mathematical Economics
ECON 550Econometrics3.0
or ECON 940 Econometrics I
ECON 560Time Series Econometrics3.0
or ECON 941 Econometrics II
ECON 610Microeconomics3.0
or ECON 910 Advanced Microeconomics I
ECON 614Macroeconomics3.0
or ECON 920 Advanced Macroeconomics I
STAT 610Statistics for Business Analytics3.0
or STAT 931 Statistics for Economics
Economics electives *
Complete 18.0 additional credits from the following:18.0
Managerial Economics
Public Finance and Cost Benefit Analysis
International Economics
History of Economic Analysis
Applied Industrial Analysis
Business & Economic Strategy: Game Theory & Applications
Health Economics
Economic Analysis of Health Systems
Special Topics in ECON
Economics Seminar
Mathematical Economics
Advanced Microeconomics I
Advanced Microeconomics II
Advanced Macroeconomics I
Advanced Macroeconomics II
Macroeconomic Dynamics
Econometrics I
Econometrics II
Applied Microeconometrics
Industrial Organization I
Industrial Organization II
Industrial Organization Seminar
International Trade
Empirical International Trade
Open Economy Macroeconomics
International Trade Seminar
Open Economy Macro Seminar
Game Theory
Economic Analysis of Multinational Corporations
Statistics for Economics
Business electives
Complete 9 additional credits from the list of Economics electives or the list below:9.0
Legal Aspects of Employment
Measuring and Maximizing Financial Performance
Graduate Internship
Corporate Financial Management
Advanced Financial Management
Financial Institutions & Markets
Entrepreneurial Finance
Mergers and Acquisitions
International Financial Management
Innovation Management
Global Marketing
Managerial Decision Models and Simulation
Operations Research I
Operations Research II
Advanced Mathematical Program
Statistical Decision Theory I
Statistical Decision Theory II
Statistical Sampling
Total Credits45.0
*

Students who complete ECON 911, ECON 921 and ECON 941 may take the following courses during their second year provided they have the required prerequisites and approval from the Program Coordinator: ECON 925, ECON 942, ECON 950, ECON 951, ECON 959, ECON 960, ECON 961, ECON 962, ECON 969, ECON 979

Centers and Facilities

This marriage of academic rigor and practical applications can also be seen in the development of the school’s Centers of Excellence. Centers of Excellence are catalysts for research and innovation, think tanks for nationally significant trends and issues, and incubators for opportunities in business and integration among disciplines. LeBow's Centers of Excellence provide students with meaningful experiential learning and impact the performance of business in our region and around the world. As part of the curriculum Drexel LeBow MBA students will take courses which reside in the centers and will see firsthand how practical learning is applied.
 
 The Centers are:
 

Facilities

In fall 2013, LeBow College opened its 12-story, Gerri C. LeBow Hall, with a finance trading lab, behavioral studies lab and integrated teaching technology in all classrooms. The new building features two lecture halls, 15 classrooms of varying sizes and seating configurations, including case study rooms and cluster classrooms designed to facilitate group work. Other amenities consist of extensive areas of student spaces, including 12 collaboration rooms, two quiet study areas, and 3,500 square feet of student lounges. Gerri C. LeBow Hall brings together faculty, students and staff, in a state of the art building on the University City campus. Please visit the LeBow College of Business webpage to learn more about Gerri C. LeBow Hall.

 

About the Graduate Minor

Economics addresses how resources and capabilities can be utilized to provide goods and services to society. As such, the study of economics will be valuable to any student whose area of study involves issues of decision making, resource allocation or social welfare. The graduate minor in Economics gives students a foundation in economic theory that can be applied to areas such as finance, marketing, public policy, public health, law, business, or medicine. After taking one course that provides training in core microeconomic theory, students can choose from a variety of courses that cover other areas such as macroeconomics, international trade, game theory, or public finance.

Program Requirements

ECON 601Managerial Economics3.0
Select three of the following additional courses9.0
Essentials of Economics
Mathematical Economics
Econometrics
Time Series Econometrics
Microeconomics
Macroeconomics
Public Finance and Cost Benefit Analysis
Business, Government, and Global Macroeconomics
International Economics
International Macroeconomics
History of Economic Analysis
Applied Industrial Analysis
Trade Policy: Theory and Evidence
Business & Economic Strategy: Game Theory & Applications
Health Economics
Economic Analysis of Health Systems
Economics Seminar
Total Credits12.0

School of Economics Faculty

Marco Airaudo, PhD (University of Pennsylvania Philadelphia). Associate Professor. Computational economics, international economics, macroeconomics and monetary economics.
Patricia Awerbuch, MBA (Drexel University). Assistant Clinical Professor. Performance of on-campus students in an online classroom designed for distance learners; business professors.
Richard Barnett, PhD (University of Minnesota). Clinical Professor. Economic theory, macroeconomics.
Sebastien Bradley, PhD (University of Michigan). Assistant Professor. Public finance, international economics.
Mian Dai, PhD (Northwestern University). Assistant Professor. Managerial economics and strategy.
Pia DiGirolamo, PhD (Purdue University). Assistant Clinical Professor. Macroeconomics, international finance.
Shawkat M. Hammoudeh, PhD (University of Kansas). Professor. Applied econometrics, financial economics, international economics, and natural resource economics.
Teresa D. Harrison, PhD (University of Texas Austin) Associate Dean, Academic Affairs. Associate Professor. Econometrics, public finance, industrial organization, empirical microeconomics including health and nonprofit organizations.
Paul E. Jensen, PhD (Penn State University) Associate Dean, College of Business. Associate Professor. International trade. Primary research interest is international trade, particularly in empirical studies of international trade patterns.
Bang Nam Jeon, PhD (Indiana University) Department of Economics and International Business. Professor. Financial economics, world financial market linkages, foreign direct investment flows in the Asia-Pacific economies, the Korean economy: currency crisis, FDI, and macroeconomic issues, regional economic integration and newly industrializing economies: the
Stephen Joyce, MA (Temple University). Assistant Clinical Professor. Education and human capital.
Andre Kurmann, PhD (University of Virginia). Associate Professor. Computational economics, financial economics, labor economics, macroeconomics and monetary economics.
Christopher A. Laincz, PhD (Duke University). Associate Professor. Economic development, technological change, and growth, industrial organization, macroeconomics and monetary economics.
Vibhas Madan, PhD (Michigan State University). Professor. International trade theory, applied microeconomics.
Roger A. McCain, PhD (Louisiana State University). Professor. Computational economics, game theory.
Bruce D. McCullough, PhD (University of Texas Austin). Professor. Applied Econometrics, Data Mining, Econometric Techniques, Reliability of Statistical and Econometric Software.
Irina Murtazashvili, PhD (Michigan State University). Assistant Professor. Applied econometrics.
Maria Olivero, PhD (Duke University). Associate Professor. Macroeconomics, international finance.
Eydis Olsen, MA (American University). Clinical Associate Professor. Macroeconomics, political economy.
Tristan Potter, PhD (Boston College). Assistant Professor. Macroeconomics, labor.
Konstantinos Serfes, PhD (University of Illinois at Champaign-Urbana). Professor. Industrial organization; microeconomics.
Ricardo Serrano-Padial, PhD (University of California at San Diego). Assistant Professor. Microeconomics theory, information economics with applications in finance, macroeconomics and industrial organization.
Mark Stehr, PhD (University of California at Berkeley) Assistant Director School of Economics. Associate Professor. Health economics, health behaviors, public finance, public policy.
Constantinos Syropoulos, PhD (Yale University) Trustee Professor of International Economics. Professor. International trade, political economy, applied microeconomics.
Matthew Weinberg, PhD (Princeton University). Associate Professor. Antitrust and regulation, applied econometrics, industrial organization.
Yoto Yotov, PhD (Boston College). Associate Professor. International trade, applied microeconomics, political economy.

Emeritus Faculty

Edward C. Koziara, PhD (University of Wisconsin). Professor Emeritus. Applied micro and macro economics.
Bijou Yang Lester, PhD (University of Pennsylvania). Professor Emeritus. Behavioral characteristics of shopping on-line, economic issues of electronic commerce, contingent employment and part-time work, the economy and suicide.
Andrew G. Verzilli, PhD (Boston College). Professor Emeritus. Teaching effectiveness in economics; economics and financial history.
Chiou-shuang Yan, PhD (Purdue University). Professor Emeritus. International economics, input-output analysis.
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