THE UNIVERSITY OF ALABAMA GRADUATE CATALOG

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7.4.8 CURRICULUM IN ECONOMICS

 

The MA program in economics is designed to prepare students for careers as professional economists in business, government agencies, colleges and universities.

 

Admission Requirements
Entering graduate students are expected to have completed undergraduate coursework in economics, statistics, and mathematics. Students must have completed the following undergraduate courses or their equivalents:

EC 308 Intermediate Microeconomics
EC 309 Intermediate Macroeconomics
ST 260 Statistical Methods I
MATH 121 Calculus and Applications or MATH 125 Calculus I

Any deficiencies should be made up by taking courses during the summer before entering the master's program. Additional information is in the Admission Criteria section of this catalog.


 

Degree Requirements

There are three tracks available for the MA degree in economics. Track I provides preparation for the PhD in economics, Track II is designed for students who wish to pursue careers applying economic analysis and Track III provides a strong foundation for students who have strong interests in public policy issues. Additional information is in the Degree Requirements section of this catalog.

 

Track I. The following are the requirements for the MA degree in economics to prepare for the PhD:

 

Required courses

 

EC 570 Mathematical Economics

3

EC 610 Seminar in Microeconomic Theory

3

EC 611 Seminar in Macroeconomic Theory

3

EC 616 Seminar in Monetary Economics

3

EC 660 Game Theory

3

EC 670 Econometrics

3

EC 671 Seminar in Econometrics

3

ST 554 Mathematical Statistics I

3

____

Total semester hours of required courses   

24

 

 

Electives

 

Any two graduate-level economics courses at the 500 level. These can be selected from the following areas: applied microeconomic theory, monetary economics, or public economics.

6

____

Minimum total semester hours for Track I   

30

 

 

 

 

 

 

 

Track II. The following are the requirements for the MA degree in applied economics:

 

Required courses

 

   

EC 513 Economic Forecasting and Analysis

3

EC 571 Econometrics

3

EC 508 Microeconomic Theory

3

EC 509 Macroeconomic Theory and Policy

3

EC 570 Introduction to Mathematical Economics*

3

ST 521 Statistical Data Management

3

ST 522 Advanced Statistical Data Management

3

ST 531 Data Mining I

3

ST 532 Advanced Data Mining II

3

____

Total semester hours of required courses

27

 

 

Elective courses

 

 

One additional course at the graduate level is needed to complete the total hours required for the MA degree, Track II. Students may select one course from the list below. Students who wish to avoid taking a comprehensive exam should choose EC 596. The purpose of this class is to provide students an opportunity to complete projects using economic analysis. This would provide a capstone experience for students in the program.

 

 

EC 516 Monetary Theory and Policy

 

EC 531 International Finance

 

EC 550 Survey of Development of Economic Thought

 

EC 597 Special Topics

 

FI 510 Financial Management

 

FI 512 Money and Capital Markets

 

FI 514 Investments

 

Total semester hours of elective courses

3

 

 

Other courses may be substituted as electives with permission of the graduate program committee. For Track II students, the EC 596 class will generally be offered in the spring, and as needed in the summer, to allow students to complete their program within one calendar year.

____

Minimum total semester hours for Track II

30

 

 

*Students who have taken EC 470 or its equivalent (with a grade of "B" or above) will be allowed to waive this requirement. All students who have not taken this course are very strongly urged to take it in the summer prior to entry into the program in the fall semester.

 

 

 

 

 

 

 

Track III. The following are the requirements for the MA degree in public policy economics:

 

Required courses

 

EC 513 Economic Forecasting and Analysis

3

EC 571 Econometrics

3

EC 508 Microeconomic Theory

3

EC 509 Macroeconomic Theory and Policy

3

EC 570 Introduction to Mathematical Economics*

3

Total semester hours of required courses

15

Electives

 

Any four graduate-level economics courses at the 500 level.

12

 

 

Additional course

One additional course at the graduate level is needed to complete the total hours required for the MA degree, Track III. Students may select one course from the list below. Students who wish to avoid taking a comprehensive exam should choose EC 596. The purpose of this class is to provide students an opportunity to complete projects using economic analysis. This would provide a capstone experience for students in the program.

____

Minimum total semester hours for Track III

30

 

 

REPRESENTATIVE 500-LEVEL ELECTIVE COURSES

 

EC 512 Industrial Organization

 

EC 516 Monetary Theory and Policy

 

EC 523 Public Finance

 

EC 530 International Economics

 

EC 531 International Finance

 

 

 

Other courses may be substituted as electives with permission of the graduate program committee.
 

*Students who have taken EC 470 or its equivalent (with a grade of "B" or above) will be allowed to waive this requirement. All students who have not taken this course are very strongly urged to take it in the summer prior to entry into the program in the fall semester.


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