Economics MSECON

Degree Awarded: MS in Economics (MSECON)
Minimum Required Credits: 30.0
Co-op Option: None
Classification of Instructional Programs (CIP) code: 45.0603
Standard Occupational Classification (SOC) code: 19-3011

About the Program

The Master of Science in Economics at Drexel University is a STEM-designated program designed to equip students with a robust understanding of economic theory, advanced quantitative methods, and applied market and policy analysis. This program prepares students for successful careers across various sectors, including industry, consulting, finance, government, and international organizations. It also lays a solid foundation for those wishing to pursue a Ph.D. in economics, business, public health, public policy, or related disciplines.

Upon completion of the program, students will have a comprehensive understanding of essential economic concepts, principles, and theories. They will develop proficiency in mathematical economics, econometrics, and data analysis, enabling them to interpret and apply complex economic models effectively. Graduates will cultivate critical thinking skills and ethical reasoning, allowing them to evaluate economic policies and their implications. Furthermore, they will enhance their communication abilities, enabling them to articulate complex economic ideas clearly and persuasively to diverse audiences.

The MS Economics program emphasizes academic rigor with quantitative analysis. Students engage in applied learning with experiential opportunities such as research seminars and internships, providing students with insights into real-world economic challenges and innovative research.

Graduates of the program will discover numerous career pathways, including roles in economic consulting, financial analysis, public policy, and non-profit organizations. The program also prepares students for further academic pursuits, equipping them with the skills necessary for doctoral studies in economics and related fields. In particular, many students aspiring to PhD programs can take advantage of opportunities to add key math courses to their transcript to enhance their applications.

In addition to Drexel’s commitment to academic research, Drexel’s world-renowned experiential learning model emphasizes active engagement in the educational process outside the classroom. This approach ensures that students acquire both theoretical knowledge and practical skills, making them highly competitive in today’s job market. By fostering a rigorous academic environment alongside real-world applications, the MS Economics program at Drexel empowers students to become leaders in their chosen fields.
 

Additional Information

For more information please contact the School of Economics

Admission Requirements

Same as Drexel admission requirements.

Degree Requirements

Degree Requirements
CS 5010Programming Data Structures and Algorithms3.0
ECON 5540Introduction to Econometrics and Data Analysis1.5
ECON 5548Mathematical Economics1.5
ECON 5550Econometrics3.0
ECON 6610Microeconomics3.0
ECON 6614Macroeconomics3.0
Economics Electives
Select two (2) courses from the following: 6.0
Time Series Econometrics
Public Finance and Cost Benefit Analysis
Applied Industrial Analysis
Business and Economic Strategy: Game Theory and Applications
Health Economics
Capstone Requirement
ECON 7700Economics Seminar3.0
Free Electives
Select six (6) credits from any LeBow College course with a course number range of 5000-7000 16.0
Total Credits30.0
1

With advisor approval students may choose an 8000-level course

Program Learning Outcomes

PLO 1 - Advanced Economic Analysis: Students will demonstrate the ability to apply advanced economic theories and quantitative methods to analyze complex economic problems, utilizing econometric models and data analysis techniques to derive meaningful insights and policy implications.
 
PLO 2 - Critical Thinking and Problem Solving: Graduates will develop strong critical thinking and ethical reasoning skills, enabling them to evaluate economic policies and their societal impacts, propose evidence-based solutions, and effectively address real-world economic challenges.
 
PLO 3 - Research and Communication Skills: Students will acquire the ability to conduct rigorous economic research, including formulating research questions, analyzing empirical data, and interpreting results. They will also be skilled in communicating complex economic concepts clearly and persuasively to diverse audiences.
 
PLO 4 - Interdisciplinary Application: Graduates will be equipped to integrate economic principles with insights from related fields, such as public policy, health economics, and international trade, allowing them to address multifaceted issues in various sectors and contribute to informed decision-making in both public and private organizations.