Courses

Worksheet for MS in Economics

Common course schedule:

  • Fall semester: EconS 526 (Microeconomic Analysis-I), EconS 528 (Macroeconomic Analysis), 1-2 elective courses (see list below), and 1 credit in either EconS 700 (if you plan to complete a thesis by the end of the MS program) or EconS 702 (if you plan to complete a project by the end of the MS program).
  • Spring semester: EconS 527 (Microeconomic Analysis-II), EconS 525 (Masters Econometrics), 1-2 elective courses (see list below), and 1 credit in either EconS 700 (if you plan to complete a thesis by the end of the MS program) or EconS 702 (if you plan to complete a project by the end of the MS program).
  • Notes:
    • Thesis students must enroll in a minimum of 6 research credits (EconS 700, e.g., 3 credits per semester), and Non-thesis students must enroll in a minimum of 4 research credits (EconS 702, e.g., 2 credits per semester).
    • All students must complete a minimum of 30 credits by the end of the MS program. Thesis students must complete 24 of these 30 credits from graded courses (i.e., courses different than research courses EconS 700 or EconS 702). Similarly, non-thesis students must complete 27 of these 30 credits from graded courses.

Required courses:

  1. EconS 525 Master’s Econometrics –  Theory and practice of multiple regression methods; applications to the study of economic and other phenomena; use of computer regression programs. Required preparation must include introductory statistics course. (Typically offered in the Spring semester.)
  2. EconS 526 Microeconomic Analysis I –  Masters-level, calculus-based analysis of consumer and producer behavior, partial and general equilibrium, and strategic behavior. Required preparation must include intermediate microeconomics and calculus course work. (Typically offered in the Fall semester.)
  3. EconS 527 Microeconomic Analysis II –  Master’s-level, linear algebra-based analysis of consumer and producer theory, comparative statics and constrained optimization. Required preparation must include intermediate microeconomics and calculus course work. (Typically offered in the Spring semester.)
  4. EconS 528: Macroeconomic Analysis – The goal of the course is to develop a coherent theoretical framework for thinking about the determination of macroeconomic variables such as national output, unemployment, interest, inflation, government debt, money and banking. Required preparation includes undergraduate Intermediate Microeconomics and Macroeconomics. (Typically offered both in the Fall and Spring semesters.)

Elective Courses:

  1. EconS 529 Research Methods – Prepare and communicate professional-quality research with an emphasis on learning how to identify, develop, write, and present research. (Typically offered both in the Fall and Spring semesters.)
  2. EconS 533 International Trade and Policy – International trade theories, policies, and research issues related to world trade with emphasis on agricultural commodity markets.
  3. EconS 534 Production Economics – Production economics theory and methods applied to problems of production response, economic optimization, technology, policy, risk and dynamics.
  4. AgEc 535 Applied Industrial Organization – Economic and strategic management theories and their relevance to agribusiness decision-making, including empirical applications. (Offered at U of I Fall semester only.)
  5. AgEc 586 Regional Economic Development Theory – Theory course in the explanation and causes of regional economic growth and community development. Topics include land economics, transportation models, central place theory, location theory, agglomeration, economic base theory, and economic growth theory. (Offered at U of I Spring semester only.)
  6. AgEc 587 Regional Economic Development Methods – Methods course in the tools of regional economics and community development. Topics include Community Economic Profiling, Input-Output Analysis, Social Accounting, General Equilibrium Analysis, Social Benefit-Cost Analysis, and Non-Market Valuation. (Offered at U of I Fall semester only.)
  7. Stats 508, Environmental Spatial Statistics – Theoretical introduction and practical training in spatial data analysis for graduate students in the environmental sciences. (Typically offered in the Spring semester.)
  8. Stats 512, Analysis of Variance of Designed Experiments – Principles of experimental design and analysis and interpretation of data. Typically offered both in the Fall and Spring semesters.)
  9. Stats 516, Time Series – ARIMA models; identification, estimation, diagnostics, and forecasting; seasonal adjustments, outlier detection, intervention analysis and transfer function modeling.
  10. Stats 519 Applied Multivariate Analysis – Statistical skills to analyze multivariate data in an applied context, with the use of software packages. Learn inference techniques, such as the multivariate normal distribution, principle components, discriminant function, cluster analysis, and MANOVA. (Typically offered in the Fall semester.)
  11. Stats 520, Statistical Analysis of Qualitative Data – Binomial, Poisson, multinomial distribution; contingency tables, Fisher’s tests, log-linear models; ordinal data; applications in biology, business, psychology, and sociology.
  12. Stats 530, Applied Linear Models – The design and analysis of experiments by linear models. (Typically offered in the Spring semester.)
  13. Math 448/548, Numerical Analysis – The course is designed to teach students how to derive and use standard numerical methods for mathematically posed problems. Computing is an essential part of the course and some of the assignments will require computer programming work, such as MATLAB. (Typically offered both in the Fall and Spring semester.)
  14. Math 456/556, Introduction to Statistical Theory – Provide students with an in-depth understanding of the theory behind Inferential Statistics. Substantial importance will be given to proofs of fundamental results in Mathematical Statistics. (Typically offered in the Spring semester.)
  15. Envr_Sci 586, GIS Spatial Analysis – Geographic information systems applied to analysis of landscape data; maps, geographic coordinate systems and projections, geodatabases.
  16. FIN 526 Financial Management. Advanced topics in corporate finance, including capital budgeting, capital structure, pay-out policy, and enterprise valuation. (Offered at U of I Spring semester only.)

Elective Courses Cross-listed with Seniors

  1. EconS 420. Monetary Theory and Policy. Current issues in monetary economics with a special emphasis on policy. (Typically offered in the Spring semester.)
  2. EconS 424Strategy and Game Theory. Strategic behavior of firms, consumers, and political parties in everyday interaction. (Typically offered in the Spring semester.)
  3. EconS 425. Industrial Organization. Economic theories of firm behavior and the influence of market industry parameters; buyer/seller concentration, information asymmetries, product differentiation, and entry conditions. (Typically offered in the Spring semester.)
  4. EconS 426Transportation Economics. Transportation economics and relevant transportation modeling; policy issues and concerns. (Typically offered both in the Fall and Spring semester.)
  5. EconS 427. Economic Development and Underdevelopment. Development theories, policies, and performance of Third World economies; population, land reform, foreign trade, aid, investment, debt, dependency. (Typically offered in the Fall semester.)
  6. EconS 451 Advanced Food Economics and Marketing. Institutions, practices, policies, problems, and empirical analysis of food economics and marketing. (Typically offered in the Spring semester.)
  7. EconS 452, Advanced Managerial Economics – Topics in business management economics and strategy, from demand and supply to bargaining, contracting, pricing strategies, and market structure. (Typically offered in the Fall semester.)
  8. FIN 425, Intermediate Financial Management. Application of finance theory and principles to corporate decisions such as capital budgeting, cost of capital, financing decisions, and valuation. Typically offered Fall and Spring. (Typically offered both in the Fall and Spring semester.)
  9. FIN 427, Investment Analysis. Investment objectives, modern portfolio theory, valuation, equilibrium, market efficiency and asset classes. (Typically offered all three semesters.)
  10. FIN 447 Real Estate Finance and Investments. Instruments and institutions of real estate and financing: decision-making tools, mortgage financing analysis, mortgage securities and real estate portfolios. (Typically offered in the Spring semester.)
  11. FIN 456, Risk Management. Identification and analysis of loss exposures of business and non-profit organizations; application of risk treatment measures including loss control and risk financing alternatives. (Typically offered in Fall.)
  12. FIN 481, International Finance. Financial management of multinational businesses; international financial market rates and capital flows. International economic institutions, sources of capital, and investments. (Typically offered both in the Fall and Spring semesters.)

Research Project

  1. EconS 700 – Master’s thesis
  2. EconS 702 – Master’s project

 

Contact Info

Dr. Felix Munoz-Garcia
Chair, Graduate Studies Committee
Hulbert 103G
509-335-8402
fmunoz@wsu.edu

Jaimie Dahl
Graduate Coordinator
Hulbert 101D
509-335-5555
jaimie@wsu.edu

Washington State University