Fordham University            The Jesuit University of New York
 



MA, PhD Program Degree Requirements

The Fordham Graduate Economics Department offers two programs, the MA and the Ph.D.  

The Ph.D. is designed to provide the student with a broad knowledge of economic theory and econometrics, as well as specialized training in three sub-fields before pursuing the dissertation.  Available areas of specialization are international, development, financial, and monetary economics.  

The MA is a one-year program that permits students to choose a general, non-specialized selection of courses, or to choose one of two areas of specialization - Financial/ Monetary Economics and International/ Development Economics.


DEGREE REQUIREMENTS FOR THE PHD
 
This program prepares students for positions as economists in the private, public and non-profit sectors, as well as for academic positions. The department offers a balanced graduate program that combines studies in economic theory, quantitative methods, and specialized fields. There are four fields of concentration: development economics, financial economics, international economics, and monetary economics. Course work required for each field is available in the department office.  Graduate economics courses are scheduled in the late afternoon to accommodate both full-time and part-time students.
The monetary and financial economics specialization includes studies in portfolio selection, risk management, asset pricing, financial markets and corporate finance.  The finance courses offer current professionals an opportunity to build upon practical experience through financial modeling, improved quantitative skills and practical readings.  Individuals without experience in the financial area receive the training which is necessary to analyze financial decisions made by firms as well as valuation decisions made by investors.
The international economics specialization trains students in applying economic/analytical tools to business and public policy problems that arise through foreign trade, investment, development assistance, and capital flows.  Courses examine the dramatic changes that are occurring in the world economy, including such matters as the growth of multinational enterprise, new exchange rate practices accelerated global inflation, altered development prospects, and new conflicts between the forces of interdependence and national sovereignty. This option is structured particularly for students who plan to pursue careers in multinational business, international banking, or international public administration.
The development economics specialization provides students with the training to evaluate economic policy, analyze country risk, and aid in human development.  The emphasis of the development field is upon the responsible use of economic analysis to promote increased growth and greater economic equality.Current literature and case studies are used throughout.  This option prepares students for careers in the development field in the business, government and non-profit sectors. 
 
 
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.
Of the 20 courses required for the Ph.D., candidates must complete:
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
11 additional ECON courses; at least 6 of these courses must be in the selected fields of concentration
 
 
Candidates must certify in Macroeconomic Theory and Microeconomic Theory in addition to three of the four fields of concentration offered by the department. Certification in economic theory and two of the fields is done through written examination. Certification in the third field is achieved by receiving a 3.5 [B+] or higher in the course work in that field. Each examination may be repeated once. Ph.D. candidates must maintain a 3.5 [B+] average in course work to remain in the program.
 
DEGREE REQUIREMENTS FOR THE MA
 
Graduate economics courses are scheduled in the late afternoon to accommodate both full-time and part-time students. Unlike many other MA programs in economics, students who only plan to complete the MA program have the option of choosing a specialization in financial and monetary economics or international and development economics.
The financial and monetary economics specialization includes studies in portfolio selection, risk management, asset pricing, financial markets and corporate finance. The finance courses offer current professionals an opportunity to build upon practical experience through financial modeling, improved quantitative skills and practical readings. Individuals without experience in the financial area receive the training which is necessary to analyze financial decisions made by firms as well as valuation decisions made by investors.
The international and development economics specialization is structured particularly for students who plan to pursue careers in multinational business, international banking, international public administration, and government, private sector and NGO development careers.  The international economics courses train students in applying economic/analytical tools to business and public policy problems that arise through foreign trade, investment, development assistance, and capital flows. Issues examined include the dramatic changes that are occurring in the world economy, including such matters as the growth of multinational enterprise, new exchange rate practices, accelerated global inflation, altered development prospects, and new conflicts between theforces of interdependence and national sovereignty.The economic development courses provide students with the training to evaluate economic policy, analyze country risk, and aid in human development. The emphasis of the development field is upon the responsible use of economic analysis to promote increased growth and greater economic equality. As a part of the field, students learn techniques of stabilization policy and methods to sustain economic growth. Current literature and case studies are used throughout.
 
 
The MA degree normally requires satisfactory completion of ten courses [30 credits], including:
ECON 5710  Mathematics for Economists I
ECON 6010  Price Theory I
ECON 6020  Macroeconomic Theory I
ECON 6910  Applied Econometrics

6 other ECON economics courses
 
 
 
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. 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 economic theory. Full-time students usually complete the MA within a 12-month period.

An interdisciplinary MA in International Political Economy and Development (IPED) is offered in cooperation with the departments of political science and sociology. For details, please refer to the IPED website (www.fordham.edu/iped).  
 
 

 


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