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2025-2026 Graduate Catalog Economics

425 Stevenson Hall
Campus Box 4200

(309) 438-5228

Chairperson: Dimitrios Nikolaou

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Programs Offered

M.A./M.S. degree in Applied Economics with sequences in Applied Community and Economic Development, Electricity, Natural Gas, and Telecommunications Economics, Financial Economics, and Quantitative Economics.

Course Finder

Applied Economics Program

Degree Offered: M.A, M.S.

Sequences >

  • Applied Community and Economic Development
  • Electricity, Natural Gas, and Telecommunications Economics
  • Financial Economics
  • Quantitative Economics

This option is appropriate for students whose interests lie outside one of the applied fields noted above and for those who intend to pursue doctoral level studies in economics or a related discipline.

Option I - Non-Thesis

The 33-hour program includes:Ìý

  • 18 hour core: , , , , , andÌýÌý
  • 3 hours: Ìý
  • 12 hours in Economics electives at the 400-levelÌý

Option II - Thesis

The 33-hour program includes:Ìý

  • 18 hour core:Ìý, , , , , andÌýÌý
  • 6 hours: Thesis Ìý
  • 9 hours in Economics electives at the 400-levelÌý

Applied Community and Economic Development Sequence

The Applied Community and Economic Development (ACED) sequence is designed for returned Peace Corps Volunteers, and students with equivalent domestic or international experience with other agencies.

This 33-hour program includes:Ìý

  • 18 hours: , , , , , and Ìý
  • 15 hour ACED core: , /, /, //, and or (5 hours—the sequence ends with a required 11-month internship arranged through the Stevenson Center)

Electricity, Natural Gas, and Telecommunications Economics Sequence

This sequence emphasizes the application of economic analysis to the telecommunications, electric, and natural gas industries.

This 33-hour program includes:Ìý

  • 18 hour core: , , , , , andÌýÌý
  • 3 hours: Ìý
  • 12 hours: , , and ;Ìý (3 hours), or a 3-hour 400-level elective within Economics may serve as a substitute for

Financial Economics Sequence

This sequence provides students training in the financial theory of the firm, financial markets and institutions to complement their training in applied economic analysis.

This 33-hour program includes:Ìý

  • 21 hour core: , , , , , , andÌýÌý
  • 3 hours:
  • 6 hours of finance courses: and 3 hours in an FIL 400-level electiveÌý
  • 3 hours of additional electives at the 400-level within Economics and selected in consultation with the Graduate Program Director.

Students in the graduate program in the Department of Economics who satisfy the following requirements may take graduate level finance courses offered by the College of Business: (1) The student must have taken and passed with a grade of B or better; (2) The student must have a graduate GPA of 3.0 or above.

Quantitative Economics Sequence

This sequence is designed for students who intend to pursue doctoral level studies in economics or related fields.

This 33-hour (or more) program includes:Ìý

  • 18 hour core: , , , , , andÌýÌý
  • 3 hours:
  • 12 or more hours from the list of MAT courses: , , , ,Ìý, , .

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