Forbes has included Economics in its Top 10 list of the “Best Master’s Degrees for Jobs”. According to Forbes, the mid-career median pay is $115,000 for someone with a Master’s degree in Economics, and the projected employment increase for jobs associated with this degree is 14.3%. For more information, read the story published in June 2012.
The Masterís in Economics program at Miami University provides students with advanced skills in economics and econometrics and prepares students to be analysts in the private or public sector, or to pursue a Ph.D. at another institution. Recent placements
The Masterís program can be completed in one calendar year. Students may choose a concentration in either Applied Economics or Financial Economics. All students take the same core courses during the fall semester and the same two econometrics courses during the spring semester. Students with a concentration in Financial Economics take Investment Management and Applied Corporate Finance during the spring semester, while students with a concentration in Applied Economics complete two electives in their areas of interest (see below for details).
Fall Semester Ė Applied Economics and Financial Economics
Spring Semester - Applied Economics
Spring Semester Ė Financial Economics
Miamiís MA program in Economics focuses heavily on developing strong skills in economic theory and econometrics, providing students with the ability to be an empirical researcher or analyst. The first semester lays a foundation of theory and testing used in the second semester courses. In the Applied Economics concentration, elective courses include International Trade, Environmental Economics, International Monetary Relations, Economic History, and Industrial Organization. The second semester econometrics courses teach students modern techniques such as qualitative dependent variable models, difference-in-difference models, bootstrapping, treatment effects models, survival models, quantile regressions, event studies in finance, and Fama-French models. Time series skills include ARMA models, Dickey-Fuller tests, cointegration, ARCH/GARCH, and nonlinear time series estimation including threshold autoregression, smooth transition autoregression, and the Markov-switching model. In both econometrics classes, modern finance examples and data are used to complement the courses taken by students in the Financial Economics Track.
During the summer, students in both concentrations can apply to write a thesis, or work in teams to complete a project supervised by a faculty member. Students who write a thesis work closely with a professor who guides the project, helping the student gain in-depth knowledge about the chosen subject and experience in carrying out a research project using the tools of modern economic theory and econometrics. Some recent titles of theses
Miami University is ranked 1st in Ohio and 35th nationally among public institutions in 2012 according to Forbes magazine. BusinessWeek ranked the undergraduate program in the Farmer School of Business 8th among public universities and 22nd overall.
Last modified on 3/21/13 | Content maintained by Economics Department