Economics MSECON

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

About the Program

This STEM-designated Master of Science in Economics at Drexel University integrates training in economic theory, quantitative methods, and applied market and policy analysis. It prepares students for a career in industry, consulting, the financial sector, government, or international organizations. The program also provides knowledge and analytical skills necessary for students wishing to pursue a PhD degree in economics, business, public health, public policy, or other related areas. 

Additional Information

For more information please contact our Graduate Student Services department at lebowgradenroll@drexel.edu. 

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 540Intro to Econometrics and Data Analysis3.0
or STAT 610 Statistics for Business Analytics
or STAT 931 Statistics for Economics
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
Economics electives *
Complete 18.0 additional credits from the following:18.0
Managerial Economics
Public Finance and Cost Benefit Analysis
Applied Industrial Analysis
Trade Policy: Theory and Evidence
Business & Economic Strategy: Game Theory & Applications
Health Economics
Economic Analysis of Health Systems
Special Topics in Economics
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
Business electives
Complete 6 additional credits from the list of Economics electives or the list below:6.0
Measuring and Maximizing Financial Performance
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
Experiential Learning Requirement 3.0
Graduate Internship
International Business Seminar and Residency
Business Consulting
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

Sample Plan of Study

First Year
FallCreditsWinterCreditsSpringCreditsSummerCredits
ECON 5403.0ECON 5503.0ECON 5603.0VACATION
ECON 5483.0Electives6.0Electives6.0 
ECON 6103.0   
 9 9 9 0
Second Year
FallCreditsWinterCredits  
Electives9.0ECON 6143.0  
 Electives6.0  
 9 9  
Total Credits 45
First Year (Part-Time)
FallCreditsWinterCreditsSpringCreditsSummerCredits
ECON 5403.0ECON 5503.0ECON 5603.0Electives6.0
ECON 5483.0Elective3.0Elective3.0 
 6 6 6 6
Second Year (Part-Time)
FallCreditsWinterCreditsSpringCreditsSummerCredits
ECON 6103.0ECON 6143.0Electives6.0Elective3.0
Elective3.0Elective3.0  
 6 6 6 3
Total Credits 45

Note: Second Year Summer is less than the 4.5-credit minimum required (considered half-time status) of graduate programs to be considered financial aid eligible. As a result, aid will not be disbursed to students this term.

Note: Second Year Summer (Part-Time) is less than the 4.5-credit minimum required (considered half-time status) of graduate programs to be considered financial aid eligible. As a result, aid will not be disbursed to students this term.

Centers and Facilities

This marriage of academic rigor and practical applications can also be seen in the development of the College'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

The 12-story, 177,500-square-foot home for LeBow College of Business is located at the heart of the Drexel University campus, at the intersection of Woodland Walk and Market Street, where it forms a gateway to Drexel and a backdrop to the historic statue of A. J. Drexel (Moses Ezekiel, 1904). The diagonal massing of the lower floors follows Woodland Walk and combines with the new Papadakis Integrated Sciences Building (Diamond & Schmitt, 2011) to energize the University’s central quadrangle. The building’s tower will mark the LeBow College and Drexel campus from all directions while the open, glassy Market Street façade will showcase the College’s student activities to passersby.

The building’s organization unites the school’s various constituencies around a five-story-high atrium ringed by classrooms, student lounges, events spaces, and offices. The atrium is immediately accessible from main entrances at the three corners of the building. An open stair within the atrium leads to a 300-seat auditorium and 100-seat lecture hall one floor below and to a divisible multipurpose room and additional classrooms above. The building’s upper floors contain faculty offices interspersed with seminar rooms and group study rooms. The top floor houses the Dean’s suite and a boardroom and conference suite that opens to east- and west-facing terraces.

The building’s warm masonry and glass exterior reflects the emerging vocabulary of the next generation of Drexel buildings. Sophisticated solar shading devices allow maximum transparency between the inside and outside while supporting the building’s high environmental aspirations.

Key Building Features

  • Five-story atrium
  • Finance trading lab with Bloomberg Terminal Room
  • 300-seat auditorium
  • 160-seat event space
  • 100-seat lecture hall
  • 45-seat seminar rooms
  • 44-seat computer classrooms
  • 60-seat classrooms
  • Executive MBA classroom
  • 24-seat classrooms
  • Special areas for experiential learning simulations and business consulting
  • Videoconferencing capabilities
  • Integrated teaching technology in all classrooms
  • Recording studio to support LeBow College’s online programs
  • Extensive areas for students to gather socially and for collaborative study, including student collaboration rooms, two quiet study areas, and 3,500 square feet of student social space
  • EMBA Alumni Lounge for the exclusive use of EMBA alumni
  • Behavioral Studies Lab
  • Starbucks
  • Green Globe certifiable, meeting worldwide sustainability standards

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, the Behavioral Lab webpage, and the Finance Trading Lab webpage to learn more about Gerri C. LeBow Hall.

 

Program Level Outcomes

Upon completion of the program, graduates will be prepared to:

  • Will demonstrate proficiency in quantitative methods
  • Will demonstrate the ability to apply economics to real world situations
  • Will demonstrate the ability to communicate economic research to a general audience
  • Will demonstrate a solid foundation in core economics knowledge

School of Economics Faculty

Marco Airaudo, PhD (University of Pennsylvania ). Professor. Computational economics, international economics, macroeconomics and monetary economics.
Patricia Awerbuch, MBA (Drexel University). Associate Clinical Professor. Distance learning, environmental economics.
Richard Barnett, PhD (University of Minnesota). Clinical Professor. Economic theory, macroeconomics.
Sebastien Bradley, PhD (University of Michigan). Associate Professor. Public finance, tax policy, behavioral response to taxation.
Mian Dai, PhD (Northwestern University). Associate Professor. Industrial organization.
Pia DiGirolamo, PhD (Purdue University). Associate Clinical Professor. Forensic economics, distance learning.
Shawkat M. Hammoudeh, PhD (University of Kansas). Professor. Energy economics, environmental economics, financial economics.
Teresa Harrison, PhD (University of Texas Austin) Academic Director of the Center for Nonprofit Governance. Professor. Economics of nonprofits, empirical industrial organization, applied microeconometrics.
Paul E. Jensen, PhD (Penn State University) Nina Henderson Provost. Professor. International trade.
Bang Nam Jeon, PhD (Indiana University) Department of Economics and International Business. Professor. Financial economics, the Korean economy, currency crises, FDI, regional economic integration and newly industrializing economies.
Stephen Joyce, MA (Temple University). Assistant Clinical Professor. Education and human capital.
Andre Kurmann, PhD (University of Virginia). Professor. Computational economics, financial economics, labor economics, macroeconomics, monetary economics.
Ohyun Kwon, PhD (University of Wisconsin, Madison). Assistant Professor. International trade and trade agreements.
Christopher A. Laincz, PhD (Duke University). Associate Professor. Macroeconomics, economic growth, developing nations, economics of innovation.
Vibhas Madan, PhD (Michigan State University) R John Chapel Jr. Dean. Professor. International trade theory, applied microeconomics.
Roger A. McCain, PhD (Louisiana State University). Professor. Computational economics, game theory.
Eydis Olsen-Robinson, MA (American University). Associate Clinical Professor. International business, banking.
Tristan Potter, PhD (Boston College). Associate Professor. Macroeconomics, labor.
Konstantinos Serfes, PhD (University of Illinois at Champaign-Urbana). Professor. Industrial organization; microeconomics; game theory
Ricardo Serrano-Padial, PhD (University of California at San Diego). Associate Professor. Microeconomic theory, information economics with applications in finance, macroeconomics, industrial organization.
Mark Stehr, BS, PhD (University of California at Berkeley) Director, School of Economics. Professor. Department of Health Management and Policy. School of Economics in the LeBow College of Business. Health policy, health economics; data analysis methods.
Constantinos Syropoulos, PhD (Yale University) Trustee Professor of International Economics. Professor. International trade, political economy, applied microeconomics.
Yoto Yotov, PhD (Boston College). Professor. International trade, applied microeconomics, political economy.

Emeritus Faculty

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.