College of Business > Academics > Department of Economics > Graduate Programs > Economics and Policy Analysis (MS) > Degree Requirements

Degree Requirements

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 Title Quarter Hours
ECO 505ADVANCED MICROECONOMICS4
ECO 506ADVANCED MACROECONOMICS4
ECO 507RESEARCH METHODS FOR POLICY ANALYSIS I4
ECO 508RESEARCH METHODS FOR POLICY ANALYSIS II4
ECO 515MICROECONOMICS OF MARKET ORGANIZATION4
ECO 516ECONOMICS OF THE PUBLIC SECTOR I4
ECO 558INTERNATIONAL MACROECONOMICS4

Elective Courses (5 courses required)

Course Title Quarter Hours
Select five of the following: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
STRATEGIC DECISION MAKING AND GAME THEORY
ECO 526
BUSINESS STRATEGY
ECO 528
STRATEGIES AND PROCESSES OF NEGOTIATIONS
ECO 529
COMPETITION, STRATEGY AND ANTITRUST POLICY
ECO 557
INTERNATIONAL TRADE THEORY & POLICY
ECO 798
SPECIAL TOPICS (Behavioral Economics)
ECO 798
SPECIAL TOPICS (Business Models and Innovation Strategy)
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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