Degree Requirements
Prerequisite Requirements
Students must have completed one course in Principles of Microeconomics and one in Principles of Macroeconomics as well as differential calculus prior to admission to the MSEPA program.
Course Requirements
Students in the MSEPA program complete 12 courses (48 credit hours). The degree consists of seven required core courses plus five elective courses. As part of the electives, students may apply for a one- or two-course equivalent research fellowship. Alternatively, with approval of the program director, students may take two graduate elective courses outside of the economics department.
Students may enroll in the program on a full-time or part-time basis. Classes are generally offered during the evening. The typical full-time student will finish the program in five quarters. Students will be advised to take no more than three courses per term. Students attending the program part-time will typically take two evening courses per quarter and finish the program in six quarters.
Core Courses (7 required courses)
Course List | Course | Title | Quarter Hours |
| ECO 505 | ADVANCED MICROECONOMICS | 4 |
| ECO 506 | ADVANCED MACROECONOMICS | 4 |
| ECO 507 | DATA ANALYTICS I: REGRESSION ANALYSIS | 4 |
| ECO 508 | DATA ANALYTICS II: TIME SERIES AND PANEL DATA ANALYSIS | 4 |
| ECO 510 | DATA ANALYTICS III: CAUSAL INFERENCE | 4 |
| ECO 515 | MICROECONOMICS OF MARKET ORGANIZATION | 4 |
| ECO 516 | ECONOMICS OF THE PUBLIC SECTOR I | 4 |
Elective Courses (5 courses required)
Course List | Course | Title | Quarter Hours |
| 20 |
ECO 435 | REAL ANALYSIS I | |
ECO 436 | REAL ANALYSIS II | |
ECO 511 | BUSINESS AND ECONOMIC FORECASTING | |
ECO 513 | DEMYSTIFYING THE FEDERAL RESERVE BANK | |
ECO 517 | THE PUBLIC POLICY, BUSINESS, AND ETHICAL ENVIRONMENT OF GOVERNMENT | |
ECO 518 | LABOR ECONOMICS AND LABOR RELATIONS | |
ECO 525 | GAME THEORY AND STRATEGY | |
ECO 526 | BUSINESS STRATEGY | |
ECO 528 | STRATEGIES AND PROCESSES OF NEGOTIATIONS | |
ECO 529 | STRATEGY AND ANTITRUST | |
ECO 531 | BUSINESS MODELS AND INNOVATION STRATEGY | |
ECO 535 | BEHAVIORAL ECONOMICS AND DECISION-MAKING | |
ECO 542 | HEALTH ECONOMICS | |
ECO 557 | INTERNATIONAL TRADE THEORY & POLICY | |
ECO 798 | SPECIAL TOPICS (Research Fellowship I) | |
ECO 798 | SPECIAL TOPICS (Research Fellowship II) | |
ECO 799 | INDEPENDENT STUDY (Directed Research Project. Requires department consent.) | |
Research Fellowship
The research fellowship allows students to work full-time on Capitol Hill, an independent agency or nonprofit in Washington D.C., Chicago, or elsewhere for 12 to 16 weeks. Fellowships immerse students in analysis, research and policymaking, while providing a unique opportunity to develop an extensive professional network.
In order to be eligible for the fellowship, students must have earned a course grade of B or better in ECO 505, ECO 506 and ECO 507. In addition to the academic requirements, students must also have departmental approval.
Degree Requirements
- Satisfactory completion of the college residency requirement.
- Satisfactory completion of the 12 required and elective courses.
- All courses for credit toward the degree must be completed within six calendar years after the candidate’s first term of enrollment in the Kellstadt Graduate School of Business. After a lapse of six years a course is expired. An expired course is not acceptable for the purpose of satisfaction of degree requirements and is not applicable to the degree without the written approval of the director of the program or the Kellstadt Graduate School of Business.
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