Additional Economics Bulletin Information

Applied Economics Graduate Programs (ECON)

Offered through the Department of Economics
in the College of Social Sciences
386 Stewart Hall
Phone: 320.308.2227
Fax: 320.308.2228
E-mail: economics@stcloudstate.edu
Web: www.stcloudstate.edu/economics

Department Chairperson: Dr. King Banaian
Program Assistant : Miss Melanie Swan
Director of Applied Economics Graduate Program: Dr. Ming Lo
Graduate Faculty: Banaian, Bardakci, Bodvarsson, Edwards, Gallagher, Grossman, Hampton, Hughes, Kang, Komai, Larkin, Lo, Luksetich, L. MacDonald, R. MacDonald, Moghaddam, Qin, Ratha, Rebeck, Switzer

The Profession

The Master of Science in Applied Economics prepares a student to work with private firms or governmental agencies in forecasting, market research, or policy analysis.

Employers

Graduates of the Master of Science in Applied Economics program work with private consulting firms, and research departments in large corporations and banks. They do forecasting and market research, as well as financial planning analysis. Others have gone on to law school.

Admission Requirements Specific to the Program

Admission decisions are made as completed application files are received.
Prior to taking core courses for the Master of Science in Applied Economics, students must have met the requirements for admission to the School of Graduate Studies at St. Cloud State University.
Students should have completed the following prerequisites or equivalents:
- ECON 405. Intermediate Macroeconomics, 3 credits
- ECON 406. Intermediate Microeconomics, 3 credits
- MATH 221. Calculus and Analytical Geometry I, 3 credits

Length of Program - Measured by Semesters

Part-time student: eight semesters.
Full-time student: four semesters.
The program has been designed to accommodate both part-time and full-time students.
Most courses are offered in the evening to accommodate working students.

Graduate Assistantship Overview

Two graduate assistantship positions are generally sponsored each year, and are available both fall and spring semesters.
Graduate assistants in the Department of Economics generally provide research assistance to professors, and help somewhat with grading. They also have the chance to work on research or consulting projects with professors and through the Minnesota Economic Development Center.

Degrees and Plans Offered

The Five-Year BA/MS Track in Economics
Master of Science: Plan A (Thesis) at 36 credits
Master of Science: Plan B (Starred Paper) at 36 credits
Master of Science: Plan C (Professional Portfolio) at 36 credits
Each plan requires a preliminary oral and a final oral examination.
The preliminary and final examination cannot be held during the same semester.

Master of Science - Applied Economics

The Master of Science in Applied Economics is a two-year program requiring a core of 21 credits, nine credits of electives, and either a thesis (Plan A), starred paper (Plan B), or professional portfolio.

Plan A, Plan B or Plan C, 36 credits

Core courses
Plan A, Plan B, or Plan C, 21 credits

ECON 586. Mathematical Economics, 3 credit
ECON 587. Advanced Topics in Economic Modeling, 3 credits
ECON 605. Macroeconomic Theory, 3 credits
ECON 606. Microeconomics Theory, 3 credits
ECON 615. Econometrics, 3 credits
ECON 670. Business Cycles and Forecasting, 3 credits
ECON 677. Managerial Economics, 3 credits

Plan requirement
6 credits

ECON 699. Thesis, 6 credits (Plan A only)
ECON 630. Seminar, 3 credits (Plan B only )
ECON 697. Starred Paper, 3 credits (Plan B only)
ECON 644. Internship, 6 credits (Plan C only)

Elective courses
Plan A, Plan B, or Plan C, 9 credits

ECON 542. Law and Economics, 3 credits
ECON 551. Resource and Environmental Economics, 3 credits
ECON 560. Public Finance, 3 credits
ECON 561. Public Economics: State and Local, 3 credits
ECON 565. Urban and Regional Economics, 3 credits
ECON 571. Money and Banking, 3 credits
ECON 572. Industrial Organization and Public Policy, 3 credits
ECON 573. Labor Economics, 3 credits
ECON 574. International Economics, 3 credits
ECON 578. History of Economic Thought, 3 credits
ECON 630. Seminar in Economic Education, 1-3 credits
ECON 632. Research Methodology, 3 credits
MGMT 550. Employee Selection, 3 credits
MGMT 551. Employee and Labor Relations, 3 credits
MGMT 567. Organization Theory, 3 credits
FIRE 571. Corporate Financial Policies, 3 credits
FIRE 572. Financial Institutions, 3 credits
FIRE 573. International Finance, 3 credits
FIRE 574. Security Analysis, 3 credits
MBA 625. Advanced Marketing Information and Research, 3 credits

The Five-Year BA/MS Track in Economics

The Five-Year B.A./M.S. track is an accelerated, rigorous program option available to undergraduates who maintain a 3.3 GPA and who show the ability and discipline necessary to successfully complete an accelerated combination undergraduate and graduate program in economics. The track allows a student to receive the Bachelor of Arts in Economics and the Master of Science in Applied Economics in five years. Students are usually admitted to this track during their sophomore year and are granted early conditional admission to graduate school upon completion of a special undergraduate core program. This special undergraduate core is more rigorous than the traditional undergraduate core. Students are allowed to take 500-level and 600-level courses prior to graduation and count some or all of these credits towards the B.A. degree. However, students may opt out early with a B.A. provided that certain course requirements are satisfied.

In addition to the accelerated timetable, the five-year track differs from the stand alone BA track in the following ways:

Students in the five-year track may double count certain 500-level economics courses for either graduate or undergraduate credit. Students will be expected to enroll in these courses during their senior year.
Students may enroll in the thesis, starred paper, or internship tracks between their fourth and fifth years. They will be encouraged to begin work on their projects during the summer between their fourth and fifth years.
Students may complete the BA in Economics and MS in Applied Economics with 13 fewer required semester credits than if they chose to take the BA and MS through the traditional tracks. This reduction in required credits is made possible by allowing students to double count 12 credits of 400/500 level courses, including two courses which are core requirements for the graduate degree (ECON 586 and ECON 587), three fewer credits of free university electives, and three fewer economics electives

Students interested in the five-year track are encouraged to begin preparations for early admission to graduate school as soon as possible, preferably during the sophomore year. Students will be granted early conditional admission to the M.S. in Applied Economics upon successful completion of the following requirements:

An undergraduate core (26 credits) consisting of ECON 205, 206, 405, 406, 481, MATH 115, MATH 221, BCIS 240 or STAT 219.
A B or better in each of ECON 405, 406, 586 and 587 (note: ECON 586 and 587 are two of the courses students are allowed to double count. Students must obtain approval from the graduate dean to take these courses to ensure double counting.)

In addition to the undergraduate core above, students will be required to complete a 24-credit graduate core, various elective requirements and plan requirements. The requirements for each plan are listed below:

Core: Plan A, Plan B or Plan C
24 credits

ECON 586. Mathematical Economics, 3 credits
ECON 587. Advanced Topics in Economic Modeling, 3 credits
ECON 605. Macroeconomic Theory, 3 credits
ECON 606. Microeconomic Theory, 3 credits
ECON 615. Econometrics, 3 credits
ECON 670. Business Cycles and Forecasting, 3 credits
ECON 677. Managerial Economics, 3 credits
FIRE 571. Corporate Financial Policies, 3 credits

Plan Requirement
6 credits

ECON 699. Thesis, 6 credits (Plan A – thesis only)
ECON 630. Seminar, 3 credits (Plan B – starred paper only)
ECON 697. Starred Paper, 3 credits (Plan B only)
ECON 644. Internship, 6 credits (Plan C – internship only)

Electives courses
21 credits
Choose 6 credits

Any two of the following, which will be double counted for undergraduate and graduate credit: ECON 561, 565, 572, 574; FIRE 571, 574; MGMT 550, 567.
These courses must be completed before the BA can be conferred and would double count toward undergraduate and graduate credits (they are transferred onto the graduate transcript following completion of the BA).

Choose 15 credits

Any other five 300-level or 400-level courses offered by the Economics department.
These may not count towards graduate credit.

Students in the five-year track will be conferred the BA in economics upon completion of their undergraduate core, ECON 586, ECON 687 and the electives listed above.

Five-year students are eligible for graduate assistantship funding after completion of the bachelor of arts degree.

	A-Z Index \| News \| Library \| Technology \| Support St. Cloud State \| St. Cloud State University Home Admissions Academics Student Life About SCSU Athletics Alumni & Friends Additional Economics Bulletin Information Applied Economics Graduate Programs (ECON) Offered through the Department of Economics in the College of Social Sciences 386 Stewart Hall Phone: 320.308.2227 Fax: 320.308.2228 E-mail: economics@stcloudstate.edu Web: www.stcloudstate.edu/economics Department Chairperson: Dr. King Banaian Program Assistant : Miss Melanie Swan Director of Applied Economics Graduate Program: Dr. Ming Lo Graduate Faculty: Banaian, Bardakci, Bodvarsson, Edwards, Gallagher, Grossman, Hampton, Hughes, Kang, Komai, Larkin, Lo, Luksetich, L. MacDonald, R. MacDonald, Moghaddam, Qin, Ratha, Rebeck, Switzer The Profession The Master of Science in Applied Economics prepares a student to work with private firms or governmental agencies in forecasting, market research, or policy analysis. Employers Graduates of the Master of Science in Applied Economics program work with private consulting firms, and research departments in large corporations and banks. They do forecasting and market research, as well as financial planning analysis. Others have gone on to law school. Admission Requirements Specific to the Program Admission decisions are made as completed application files are received. Prior to taking core courses for the Master of Science in Applied Economics, students must have met the requirements for admission to the School of Graduate Studies at St. Cloud State University. Students should have completed the following prerequisites or equivalents: ECON 405. Intermediate Macroeconomics, 3 credits ECON 406. Intermediate Microeconomics, 3 credits MATH 221. Calculus and Analytical Geometry I, 3 credits Length of Program - Measured by Semesters Part-time student: eight semesters. Full-time student: four semesters. The program has been designed to accommodate both part-time and full-time students. Most courses are offered in the evening to accommodate working students. Graduate Assistantship Overview Two graduate assistantship positions are generally sponsored each year, and are available both fall and spring semesters. Graduate assistants in the Department of Economics generally provide research assistance to professors, and help somewhat with grading. They also have the chance to work on research or consulting projects with professors and through the Minnesota Economic Development Center. Degrees and Plans Offered The Five-Year BA/MS Track in Economics Master of Science: Plan A (Thesis) at 36 credits Master of Science: Plan B (Starred Paper) at 36 credits Master of Science: Plan C (Professional Portfolio) at 36 credits Each plan requires a preliminary oral and a final oral examination. The preliminary and final examination cannot be held during the same semester. Master of Science - Applied Economics The Master of Science in Applied Economics is a two-year program requiring a core of 21 credits, nine credits of electives, and either a thesis (Plan A), starred paper (Plan B), or professional portfolio. Plan A, Plan B or Plan C, 36 credits Core courses Plan A, Plan B, or Plan C, 21 credits ECON 586. Mathematical Economics, 3 credit ECON 587. Advanced Topics in Economic Modeling, 3 credits ECON 605. Macroeconomic Theory, 3 credits ECON 606. Microeconomics Theory, 3 credits ECON 615. Econometrics, 3 credits ECON 670. Business Cycles and Forecasting, 3 credits ECON 677. Managerial Economics, 3 credits Plan requirement 6 credits ECON 699. Thesis, 6 credits (Plan A only) ECON 630. Seminar, 3 credits (Plan B only ) ECON 697. Starred Paper, 3 credits (Plan B only) ECON 644. Internship, 6 credits (Plan C only) Elective courses Plan A, Plan B, or Plan C, 9 credits ECON 542. Law and Economics, 3 credits ECON 551. Resource and Environmental Economics, 3 credits ECON 560. Public Finance, 3 credits ECON 561. Public Economics: State and Local, 3 credits ECON 565. Urban and Regional Economics, 3 credits ECON 571. Money and Banking, 3 credits ECON 572. Industrial Organization and Public Policy, 3 credits ECON 573. Labor Economics, 3 credits ECON 574. International Economics, 3 credits ECON 578. History of Economic Thought, 3 credits ECON 630. Seminar in Economic Education, 1-3 credits ECON 632. Research Methodology, 3 credits MGMT 550. Employee Selection, 3 credits MGMT 551. Employee and Labor Relations, 3 credits MGMT 567. Organization Theory, 3 credits FIRE 571. Corporate Financial Policies, 3 credits FIRE 572. Financial Institutions, 3 credits FIRE 573. International Finance, 3 credits FIRE 574. Security Analysis, 3 credits MBA 625. Advanced Marketing Information and Research, 3 credits The Five-Year BA/MS Track in Economics The Five-Year B.A./M.S. track is an accelerated, rigorous program option available to undergraduates who maintain a 3.3 GPA and who show the ability and discipline necessary to successfully complete an accelerated combination undergraduate and graduate program in economics. The track allows a student to receive the Bachelor of Arts in Economics and the Master of Science in Applied Economics in five years. Students are usually admitted to this track during their sophomore year and are granted early conditional admission to graduate school upon completion of a special undergraduate core program. This special undergraduate core is more rigorous than the traditional undergraduate core. Students are allowed to take 500-level and 600-level courses prior to graduation and count some or all of these credits towards the B.A. degree. However, students may opt out early with a B.A. provided that certain course requirements are satisfied. In addition to the accelerated timetable, the five-year track differs from the stand alone BA track in the following ways: Students in the five-year track may double count certain 500-level economics courses for either graduate or undergraduate credit. Students will be expected to enroll in these courses during their senior year. Students may enroll in the thesis, starred paper, or internship tracks between their fourth and fifth years. They will be encouraged to begin work on their projects during the summer between their fourth and fifth years. Students may complete the BA in Economics and MS in Applied Economics with 13 fewer required semester credits than if they chose to take the BA and MS through the traditional tracks. This reduction in required credits is made possible by allowing students to double count 12 credits of 400/500 level courses, including two courses which are core requirements for the graduate degree (ECON 586 and ECON 587), three fewer credits of free university electives, and three fewer economics electives Students interested in the five-year track are encouraged to begin preparations for early admission to graduate school as soon as possible, preferably during the sophomore year. Students will be granted early conditional admission to the M.S. in Applied Economics upon successful completion of the following requirements: An undergraduate core (26 credits) consisting of ECON 205, 206, 405, 406, 481, MATH 115, MATH 221, BCIS 240 or STAT 219. A B or better in each of ECON 405, 406, 586 and 587 (note: ECON 586 and 587 are two of the courses students are allowed to double count. Students must obtain approval from the graduate dean to take these courses to ensure double counting.) In addition to the undergraduate core above, students will be required to complete a 24-credit graduate core, various elective requirements and plan requirements. The requirements for each plan are listed below: Core: Plan A, Plan B or Plan C 24 credits ECON 586. Mathematical Economics, 3 credits ECON 587. Advanced Topics in Economic Modeling, 3 credits ECON 605. Macroeconomic Theory, 3 credits ECON 606. Microeconomic Theory, 3 credits ECON 615. Econometrics, 3 credits ECON 670. Business Cycles and Forecasting, 3 credits ECON 677. Managerial Economics, 3 credits FIRE 571. Corporate Financial Policies, 3 credits Plan Requirement 6 credits ECON 699. Thesis, 6 credits (Plan A – thesis only) ECON 630. Seminar, 3 credits (Plan B – starred paper only) ECON 697. Starred Paper, 3 credits (Plan B only) ECON 644. Internship, 6 credits (Plan C – internship only) Electives courses 21 credits Choose 6 credits Any two of the following, which will be double counted for undergraduate and graduate credit: ECON 561, 565, 572, 574; FIRE 571, 574; MGMT 550, 567. These courses must be completed before the BA can be conferred and would double count toward undergraduate and graduate credits (they are transferred onto the graduate transcript following completion of the BA). Choose 15 credits Any other five 300-level or 400-level courses offered by the Economics department. These may not count towards graduate credit. Students in the five-year track will be conferred the BA in economics upon completion of their undergraduate core, ECON 586, ECON 687 and the electives listed above. Five-year students are eligible for graduate assistantship funding after completion of the bachelor of arts degree. Graduate Bulletin (contact information) 720 4th Avenue South - St. Cloud, Minnesota 56301-4498 Page Revised: 10/1/2007 Phone: (320) 308-2113 © 2008 St. Cloud State University Site Map \| Map & Directions \| Contact SCSU \| Accreditations St. Cloud State University is an affirmative action/equal opportunity educator and employer. St. Cloud State University is a member of the Minnesota State Colleges and Universities system.

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