Applied Economics, Master of Arts (0410)

AppliedEcon

http://www.wku.edu/economics/


Program Coordinator

Alexander G. Lebedinsky, alex.lebedinsky@wku.edu, (270) 745-3150

The Master of Arts in Applied Economics offers two concentrations: general and mathematical methods.  The general concentration emphasizes the training of students with backgrounds in economics and other arts and sciences for careers that require strong quantitative skills, technical tools, and communication abilities that can be applied to a broad range of subjects. The mathematical methods concentration is designed for students with a strong background in mathematics to gain applied knowledge in economics.

Students in either concentration may also enroll in approved courses from related master programs including but not limited to the Master in Business Administration, the Master in Public Administration, and the Master in Health Administration to enhance their range of knowledge and experience. In addition to course work, the program utilizes practicum, an end-of-program applied project, and non-credit workshops to build specific technical skills and to enhance employability of graduates.

Concentration(s)

  • General (ECGE)
  • Mathematical Methods (ECMM)

Joint Undergraduate Master's Program (JUMP)

This degree offers a Joint Undergraduate Master's Program (JUMP) which provides academically outstanding students the opportunity to complete both an undergraduate and graduate degree in approximately five years.  Contact the graduate program coordinator for additional information.

Program Admission

General Concentration 

  1. Graduate School admission application which includes submission of official undergraduate degree transcripts.1
  2. Three letters of recommendation from individuals familiar with the student's academic performance.
  3. Minimum undergraduate GPA of 2.75 (4.0 scale).
  4. Official GRE score taken within the last five years. Minimum GRE quantitative score of 147 on a 170 point scale. Alternate graduate admission test scores such as the GMAT or LSAT will be considered on a case by case basis.
1

All applicants must have completed an introductory microeconomics course (ECON 202 or equivalent), an introductory macroeconomics course (ECON 203 or equivalent), and an introductory statistics course (ECON 206 or equivalent). Students who have not completed an intermediate level course (300 level or higher) in microeconomics, macroeconomics, or statistics are advised to complete online preparatory work in the area of deficiency prior admission.

Mathematical Methods Concentration 

  1. Graduate School admission application which includes submission of official undergraduate degree transcripts with a major in Economics, Mathematics, Math-Econ or other related majors.2
  2. Three letters of recommendation from individuals familiar with the student's academic performance.
  3. Minimum undergraduate GPA of 2.75 (4.0 scale).
  4. Official GRE score taken within the last five years. Minimum GRE quantitative score of 147 on a 170 point scale. Alternate graduate admission test scores such as the GMAT or LSAT will be considered on a case by case basis.  GRE requirement is waived for students who have earned an undergraduate degree from WKU and have a minimum GPA of 3.3 in their major.
2

All applicants must have completed a calculus sequence through multivariable calculus, discrete mathematics, principles of micro- and macroeconomics, and one semester of junior or senior level probability theory.

Please refer to the admission section of this catalog for Graduate School admission requirements.

Degree Requirements (30 hours)

Required Courses
ECON 465GRegression and Econometric Analysis 13
ECON 502Applied Microeconomic Theory3
ECON 503Applied Macroeconomic Theory3
ECON 506Applied Statistical Methods3
ECON 594Forecasting3
ECON 596Applied Economics Project 33-6
or ECON 599 Thesis Research/Writing
Electives
Concentration9-12
Total Hours30
1

Waived if student has taken ECON 465 or equivalent as an undergraduate.  If ECON 465 was taken at the undergraduate level, this course must be substituted with either a MATH, ECON, or STAT course from the list of the electives.

2

 Up to 6 hours of approved non-economics courses and up to 12 hours of 400G courses.

3

Required for Mathematical Methods Concentration.

General Concentration

Select 9-12 hours with advisor approval9-12

Mathematical Methods Concentration

Select 12 hours from the following: 112
Data Methods in Economics
Public Policy Economics
Topics in Macroeconomics
Practicum in Economics
Independent Study Economics
Issues in Capital Market Economics
Seminar in Economics
Public Finance
Environmental and Resource Economics
The Economics of Poverty and Discrimination
American Industry: Structure, Performance and Policy
Economics of Healthcare
Introduction to Mathematical Economics
Urban and Regional Economics
International Monetary Economics
Numerical Analysis I
Numerical Analysis II
Intermediate Analysis I
Introduction to Operations Research
Probability & Statistics II
Applied Probability
Advanced Differential Equations
Real Analysis
Stochastic Processes
Graph Theory
Advanced Topics in Discrete Mathematics
Topics in Operations Research
Special Topics in Mathematics
Graduate Seminar: Communicating Mathematics and Technical Writing
Statistical Methods I
Statistical Methods II
1

At least 9 hours of electives must be MATH or STAT courses. A maximum of 12 hours at the 400G level may be included in the entire program.