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Course Sequence for Master's Program

Curriculum

The curriculum for Clemson's Master's in Economics is flexible. Students may choose any one of a number of possible sequences of courses. Graduate students for whom the MA is a terminal or professional, degree are strongly encouraged to choose the thesis option. The thesis option enables students to acquire theoretical and empirical skills through coursework and demonstrate their competence and creativity through the Master's thesis. The coursework can be completed in two semesters, and ambitious students can complete the thesis and their degree within a 12-month period. A non-thesis option is also available for students who take and pass a more challenging set of core courses, ones for doctoral students.

A. Required Courses, Credits and Grades

Students must earn at least 30 credits of course work. They must earn 24 credits for graded courses and, for those who write a thesis, 6 credits for thesis research (ECON 8910) to satisfy the 30-credit minimum. A minimum of one-half of the total graduate credit hours that a student's advisory committee requires, exclusive of credits for thesis research, must be earned from 8000-level courses or above. In other words, not more than one-half of the graded courses that the advisory committee requires may be earned from 6000-level courses. Two semesters of four 3-credit graded courses per semester usually prepare the student for thesis work.

A student must take at least two 3-credit graduate courses in economic theory. The two graduate courses are usually Microeconomics for Public Policy (ECON 8230), which is offered in the fall semester, and Macroeconomic Theory (ECON 8050), which is offered in the spring semester. Intermediate Microeconomics (ECON 3140) or its equivalent is a pre-requisite for ECON 8230. Intermediate Macroeconomics (ECON 3150) or its equivalent is a pre-requisite for ECON 8050.

A student must take at least one graduate course in econometrics. Introduction to Econometrics (ECON 6050) is usually the course. Students who took the undergraduate version of Introduction to Econometrics (ECON 4050) should enroll in Advanced Econometrics (ECON 6060). If a student's learning in undergraduate econometrics was insufficient, he or she may take Regression and Least Squares Analysis (STAT 8030) with the approval of the instructor and the graduate coordinator. Two courses in econometrics are strongly recommended if a student seeks employment as a data analyst.

Master's students who are exceptionally well prepared may, with permission of the graduate coordinators and instructor, substitute Microeconomic Theory (ECON 8010) for ECON 8230 or take 8000-level field courses that are geared towards doctoral students and mathematically intensive. Similarly, master's students with solid quantitative skills and strong backgrounds in econometrics may replace ECON 6050 or ECON 6060 with the more challenging and theoretically demanding ECON 8060 or ECON 8070, again with permission of the graduate coordinators and instructor.

A master's student must take at least 9 credits of elective economics courses. (See section C below.) A student may also take, at most, 6 credits of electives from other departments with approval of the master's program coordinator and the student's advisor. Courses may be selected from fields in agribusiness, city and regional planning, computer science, forestry, mathematics, or statistics. (See section D.)

Master's students who are superbly prepared, do not want to write a thesis, and wish to develop advanced skills in economic theory may earn their master's degree by successfully completing each course in the core curriculum of the Ph.D. in Economics. Students who wish to take the core courses must obtain advance permission from the Ph.D. and master's program coordinators. Master's students who aspire to be admitted into Clemson's Ph.D. in Economics program might want to take the core courses. The Ph.D. core currently consists of Applied Mathematical Economics (ECON 8040), a three-course sequence in Microeconomics (ECON 8010, 8020, and 9010), a two-course sequence in Macroeconomics (ECON 8050 and, for now, ECON 8990) and a three-course sequence in Econometrics (ECON 8060, 8070, and 8080 or 9090). Applied Mathematical Economics (ECON 8040) starts before the regular fall semester. The minimum requirements of 30 credits and a GPR of 3.0 still apply. Successful completion of this non-thesis option requires three semesters of coursework. Field courses at the 6000-level or above may also be taken.

B. One-Year Typical Schedule of Courses for MA in Economics with Thesis

Semester Course Credits
Fall Microeconomics for Public Policy (ECON 8230) or, for exceptionally well-prepared students, Microeconomic Theory (ECON 8010) 3
Fall

Introduction to Econometrics (ECON 6050) with Laboratory (ECON 6051) or pre-approved substitute, e.g., Regression and Least Squares Analysis (STAT 8030) or Regression and Time-Series Analysis (MATH 6070)

4 or 3
Fall An elective 6000- or 8000-level ECON course 3
Fall An elective 6000- or 8000-level ECON or other pre-approved course 3
Subtotal for Fall 13 or 12
Spring Macroeconomic Theory (ECON 8050) 3
Spring Advanced Econometrics (ECON 6060) 3
Spring Another elective 6000- or 8000-level ECON course 3
Spring An elective 6000- or 8000-level ECON or other pre-approved course 3
Subtotal for Spring 12
Summer Thesis Research (ECON 8910) 6

Check course availability through iRoar. Use Public Access to the Syllabus Repository to download previous syllabi.

Students who initially enroll in the fall semester can earn their master's degree within 12 months. However, students who enter the master's program in the spring semester might not be able to finish within 12 months because ECON 8230 and ECON 8010 are offered only in the fall semester.

A student must maintain a grade point ratio of 3.0 or better, on a scale of 0 to 4, in order to earn a graduate degree from Clemson University.

C. Elective Courses: Economic Field Courses

ECON 6060 – Advanced Econometrics (if not taken to satisfy the econometrics requirement)
ECON 6100 – Economic Development
ECON 6110 – Economics of Education
ECON 6120 – International Microeconomics
ECON 6130 – International Macroeconomics
ECON 6220 – Monetary Economics
ECON 6230 – Economics of Health
ECON 6240 – Organization of Industries
ECON 6250 – Antitrust Economics
ECON 6260 – Seminar in Sports Economics
ECON 6270 – Development of the American Economy
ECON 6280 – Cost-Benefit Analysis
ECON 6290 – Economics of Energy Markets
ECON 6400 – Game Theory
ECON 6550 – Applied Microeconomic Research
ECON 6570 – Natural Resource Use, Technology, and Policy
ECON 8110 – Economics of Environmental Quality
ECON 8150 – Economic History of the United States
ECON 8260 – Economic Theory of Regulation
ECON 8270 – Economics of Institutions and Organizations

D. Other Electives: Potentially Relevant Courses from Other Departments

AGRB 6090 – Commodity Futures Markets
AGRB 6120 – Regional Economic Development Theory and Policy
AGRB 6560 – Prices
CRP 8040 – Introduction to GIS for Planning and Policy (4 credits)
CPSC 6300 – Applied Data Science
FOR 6340 and FOR 6341 - Geographical Information Systems for Natural Resources and Lab
MATH 6070 – Regression and Time Series Analysis
STAT 6020 – Introduction to Statistical Computing
STAT 8020 – Statistical Methods II
STAT 8040 – Sampling
STAT 8050 – Design and Analysis of Experiments
STAT 8170 – Multivariate Statistics