DEPARTMENT OF ECONOMICS
Course Requirements: The MA in Economics consists of 10 courses (30 credits) plus a written comprehensive exam. Of these 10 courses, students must complete the four core courses in economics theory plus six elective graduate economics courses. The four core courses are ECON 6010 Price Theory I, ECON 6020 Macroeconomic Theory I, ECON 6910 Applied Econometrics, ECON 5710 Mathematics for Economists. Students have the option of choosing a specialization in financial and monetary economics or international and development economics. Students who do not have adequate training in economic theory may be required to take ECON 5011 [Introduction to Economic Analysis] in addition to the 30 credit MA program. Students can use ECON 6950 Financial Econometrics to satisfy the MA core requirement of ECON 6910 Applied Econometrics.
Master of Arts (MA) in Economics Program
GPA and Exam Requirements: MA candidates must maintain a 3.0 [B] average in their course work and pass a three-hour written certification examination based on the course work in ECON 6010 and ECON 6020. Students are exempt from the MA certification if they pass the Ph.D. certification examinations in both Microeconomics and Macroeconomics.
Early Admissions Option to the MA Program: Accelerated admission to the MA Economics Program is open to undergraduates who are majoring in economics or IPE, and who have a cumulative GPA of 3.2 or better. Applicants must apply during in the junior year of undergraduate study for the Economics MA program through the Graduate Admissions Office. The requirement of GRE scores is waived. Students who later wish to enter the PhD program, however, must submit GRE scores at that time. Graduate financial aid is not available without GRE scores. This policy applies to FCRH, FCLC, and PCS, although LC students must take the graduate classes at Rose Hill.
During the senior year, students will take two graduate courses that will satisfy two of the five undergraduate electives necessary for the undergraduate economics major, as well as two core courses for the Economics MA. Graduate courses taken while still at the College must be approved by the Director of Graduate Studies of the Department. The student will take ECON5710 Mathematics for Economists I in the fall semester and ECON6910 Applied Econometrics in the spring semester of the senior year.
During the fifth year of study, the student will take ECON6010 Price Theory I and three graduate economics elective courses in the fall semester, and ECON6020 Macroeconomics I and three additional graduate economics elective courses in the spring semester. The comprehensive examination, which is based primarily on ECON6010 and ECON6020, will be taken in June.
Doctor of Philosophy (PhD) Program
Candidates must complete 60 credits [20 courses] beyond the bachelor's degree, including at least 30 credits [10 courses] beyond the Fordham Economics MA, or 42 credits (14 courses) beyond an MBA or an Economics MA from another institution, plus four written comprehensive exams and successfully defend a dissertation of original research. Of the 20 courses required for the Ph.D., candidates must complete:
Plus, students must complete a two-course sequence in each of the three chosen fields, and five elective ECON courses. Ph.D. candidates must maintain a 3.5 [B+] average in coursework to remain in the program.
|ECON 6010/7010 Price Theory I and II
ECON 6020/7020 Macroeconomic Theory I and II
ECON 7910/7920 Econometrics I and II
|ECON 5710/6710 Mathematics for Economists I and II
ECON 6910 Applied Econometrics
In addition to the coursework, Candidates must certify in macroeconomic theory and microeconomic theory in addition to three fields of concentration. Certification in macroeconomics and microeconomic theory and two of the fields is done through written examination. Each examination may be repeated once. Certification in the third field is achieved by receiving a 3.5 [B+] or higher in the coursework in that field. The third field is waived for students with an approved previous MA or MBA. The department offers concentrations in Development Economics, International Economics, Monetary Economics, and Financial Economics.