Dec 11, 2023
Mark Owens, Program Director
The mission of the graduate program in economics is to provide students with advanced studies in economic theory and research methodology. To accomplish its mission, the Department of Economics and Finance offers two degree programs: the Master of Arts (M.A.) with a major in Economics and the Doctor of Philosophy (Ph.D.) with a major in Economics.
The department’s approach to these degree programs is global, interactive, and innovative. In the M.A. program, students are offered three curricular paths: general economics, Industrial Relations, and Financial Economics. M.A. students in economics are offered preparation for careers in private business and public service. The focus of the M.A. program is on decision analysis and applied research. The focus of the concentration in Financial Economics is to provide the intellectual foundation and technical skills required of financial economists and analysts in private companies and public agencies.
Please see undergraduate catalog for information regarding undergraduate programs.
The required test score for admission to the master’s program is 380 on the Miller Analogies Test or a satisfactory score on the Graduate Records Examination (GRE).
All application materials are to be submitted to the College of Graduate Studies.
- submit an application with the appropriate application fee (online at www.mtsu.edu/graduate/apply.php);
- submit official scores on the Graduate Record Examination (GRE);
- submit official transcripts of previous college work.
The Master of Arts in Economics with a concentration in Financial Economics requires completion of a minimum of 30 semester hours (10 courses) if a thesis is written or a minimum of 33 semester hours (11 courses) if a thesis is not written. At least 24 hours (8 courses) must be in courses numbered exclusively as 6000-level graduate courses (other courses can be taken at the 5000 level). A minimum of 18 of these semester hours must be in economics and include ECON 6010 , ECON 6020 , and ECON 6060 .
Candidates must successfully complete a written comprehensive examination that may be taken no more than twice. For the major in Economics, the comprehensive examination covers the three core areas: macroeconomics, microeconomics, and econometrics.
Before taking the comprehensive examination, the student is expected to attend and actively participate in regularly scheduled departmental student/faculty workshops where research papers are presented and discussed by the participants.
Curriculum: Economics, Financial Economics
Students in the Financial Economics concentration may choose to take the theoretical track (involves more mathematics) or the applied track. Candidate must complete 30 hours (if a thesis is written) or 33 hours (if a thesis is not written) in the following course of study:
Required Financial Economics Courses (12 hours)
In addition, candidates choosing the concentration in Financial Economics are required to complete the following:
Guided Electives (6 hours)
An additional six hours of guided electives must be chosen from the following:
Thesis or Electives (3-6 hours)
Students completing a thesis must take 3 hours of ECON 6640 . Students completing the non-thesis option must complete 6 hours of electives.
Sample Course and Examination Schedule (Course timing is subject to change.)
- January–Qualifying Exams for Macroeconomics I
- June–Qualifying Exams for Microeconomics I
- August–Qualifying Exams for summer classes
- Guided financial economics elective
- Guided financial economics elective
Students may include a minor in their degree programs. A minor consists of a minimum of 12 semester hours of approved courses. Students not electing a minor may include a cognate area of up to 6 semester hours in their programs. Cognate areas can be formed from courses in accounting, agriculture, finance, geography, geology, history, insurance, management, political science, psychology, real estate, and sociology.
- file a degree plan in the College of Graduate Studies prior to the completion of 21 credit hours (with the assistance of the M.A. advisor);
- file a Notice of Intent to Graduate form in the College of Graduate Studies within the first two weeks of the term in which candidate intends to graduate.