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 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 about the program, contact the School of Economics.
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 540 | Intro to Econometrics and Data Analysis | 3.0 |
| or STAT 610 | Statistics for Business Analytics | |
| or STAT 931 | Statistics for Economics | |
| ECON 548 | Mathematical Economics | 3.0 |
| or ECON 902 | Mathematical Economics | |
| ECON 550 | Econometrics | 3.0 |
| or ECON 940 | Econometrics I | |
| ECON 560 | Time Series Econometrics | 3.0 |
| or ECON 941 | Econometrics II | |
| ECON 610 | Microeconomics | 3.0 |
| or ECON 910 | Advanced Microeconomics I | |
| ECON 614 | Macroeconomics | 3.0 |
| 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 | ||
| 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 | ||
| 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 | ||
| Business electives | ||
| Complete 6 additional credits from the list of Economics electives or the list below: | 6.0 | |
| Legal Aspects of Employment | ||
| 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 Credits | 45.0 | |
| * | 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 | |||||||
|---|---|---|---|---|---|---|---|
| Fall | Credits | Winter | Credits | Spring | Credits | Summer | Credits |
| ECON 540 | 3.0 | ECON 550 | 3.0 | ECON 560 | 3.0 | VACATION | |
| ECON 548 | 3.0 | Electives | 6.0 | Electives | 6.0 | ||
| ECON 610 | 3.0 | ||||||
| 9 | 9 | 9 | 0 | ||||
| Second Year | |||||||
| Fall | Credits | Winter | Credits | ||||
| Electives | 9.0 | ECON 614 | 3.0 | ||||
| Electives | 6.0 | ||||||
| 9 | 9 | ||||||
| Total Credits 45 | |||||||
| First Year (Part-Time) | |||||||
|---|---|---|---|---|---|---|---|
| Fall | Credits | Winter | Credits | Spring | Credits | Summer | Credits |
| ECON 540 | 3.0 | ECON 550 | 3.0 | ECON 560 | 3.0 | Electives | 6.0 |
| ECON 548 | 3.0 | Elective | 3.0 | Elective | 3.0 | ||
| 6 | 6 | 6 | 6 | ||||
| Second Year (Part-Time) | |||||||
| Fall | Credits | Winter | Credits | Spring | Credits | Summer | Credits |
| ECON 610 | 3.0 | ECON 614 | 3.0 | Electives | 6.0 | Elective | 3.0 |
| Elective | 3.0 | Elective | 3.0 | ||||
| 6 | 6 | 6 | 3 | ||||
| Total Credits 45 | |||||||
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
- Sovereign Institute for Strategic Leadership
- Center for Corporate Governance
- Dana and David Dornsife Center for Experiential Learning
Facilities
The LeBow College of Business home is a 12-story, 177,500-square-foot academic building named Gerri C. LeBow Hall. Located in the heart of Drexel University campus, it forms a gateway to Drexel and serves as a backdrop to the historic statue of A.J. Drexel (Moses Ezekiel, 1904).
The building’s organization unites the school’s various constituencies around a five-story-high atrium ringed by 15 classrooms of varying sizes and configurations, including a finance trading lab. 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, 100-seat lecture hall, and a behavioral studies lab one floor below. Other amenities consist of 19 collaboration rooms, 3,500 square feet of student lounges and quiet study areas, a bank of four elevators and full ADA accessibility, and an event space with catering capacity. The building's upper floors contain faculty and staff offices interspersed with seminar and conference rooms.
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, the Finance Trading Lab webpage, and the SAP Next-Gen webpage to learn more about Gerri C. LeBow Hall.
