The Master of Arts in Applied Economics is designed to provide students with a strong foundation in economic analysis combined with the ability to apply theory to contemporary problems. Graduates of the program are employed in industry, government and teaching. Some graduates continue their formal training in economics, pursuing the Ph.D. degree at WMU or at another university.
Ten courses are required for the M.A. Six of these courses are required; four are electives. Electives can be used to obtain a concentration in Economic Development or Econometrics/Statistics (see below for course details). Some benefits of these concentrations:
The satisfactory completion of either 30 hours of courses, or 24 hours of courses plus a master's thesis (6 hours). At least an overall "B" average in the economics courses that the student takes in an advisor-approved program of study is required.
Core courses: Economic Statistics (ECON 6220); Mathematical Economics (ECON 5040); Introduction to Econometrics (ECON 6190); Uncertainty and Information (ECON 6070); Advanced Price Theory (ECON 6030); National Income Analysis (ECON 6620).
MA students who select the non-thesis option may elect to take concentrations in Economic Development or Econometrics/Statistics. Non-thesis students who do not elect a concentration take four elective courses approved by the economics director of graduate programs.
Econometrics/Statistics Concentration: Students
who select the Econometrics/Statistics concentration take two or more
courses in Econometrics / Statistics. These courses must be approved
by the Department's Director of Graduate Programs. Acceptable courses
Economics 6700 (Advanced Econometrics I), Economics 6710 (Advanced Econometrics II), Statistics 5630 (Survey Sample Methods), Statistics 5650 (Design of Experiments of Quality Improvement), Statistics 5660 (Nonparametric Statistical Methods), Statistics 6800 (SAS Programming), and Statistics 6820 (Time Series Analysis). At least one of the courses used for the concentration must be taken in The Department of Statistics.
Economic Development Concentration: Students
who select the Economic Development concentration must take two or more
courses related to economic development. These courses must be approved
by the Department`s Director of Graduate Programs. Acceptable courses
Economics 5880 (Economic Development), Economics 6880 (Economic Development I), Political Science 5320 (Administration in Developing Countries), Political Science 6300 (Seminar: Public Administration), Political Science 6330 (The Political Environment of Public Administration), and Political Science 6440 (Seminar: Comparative Strategies of Development).
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