Master of Science in Economics
The Master of Science in Economics is a full-time program redesigned primarily for students who need adequate preparation for a doctoral degree in Economics in a local or foreign university. The program is also appropriate for those who are teaching or plan to teach Economics at the graduate or advance undergraduate level or who are professionals in government and private research institutions. The training is more rigorous and there is a greater focus on the underlying theory rather than on applications. Students are armed at the outset with the mathematical and statistical tools used by economists in theoretical and applied research. The student can then proceed to specialize in any of four (4) available tracks.
| Basic/Core | 18 |
| Major Courses | 15 |
| Cognates | 06 |
| Thesis | 06 |
| _____ | |
| TOTAL | 45 units |
A Diploma in Economics may be granted if the student has completed 21 units of basic and major courses.
COURSE DESCRIPTION
BASIC COURSES
Mathematical Economics 1 3 units
The application of mathematics to problems in economics, including mathematical logic, nature of mathematical proofs, set theory, matrix algebra, and integral calculus.
Mathematical Economics 2 3 units
The application of mathematics to problems in economics, including theory of convex sets, unconstrained and constrained optimization, difference and differential equations, and dynamic programming.
Advanced Microeconomics 1 3 units
A study treatment of the theory of consumer behavior and the firm, market structures, general equilibrium, and welfare economics. Implications on resource allocation of changes in prices, quantities, and policies on resource allocation are explored.
Advanced Macroeconomics 1 3 units
A study of income determination and the dynamics of income changes. Emphasis is given to the dynamics of investment, aggregate consumption, government spending, and the trading and monetary sectors. Theories that explain macroeconomic problems and different policy options are among the topics also included in the subject.
Economic Statistics 1 3 units
A study of the foundations of statistics, probability theory and distributions, hypothesis testing, estimation, and introduction to regression techniques. These statistical methods will be applied in economic analysis.
Economic Statistics 2 3 units
The application of mathematics to problems in economics, including point and internal estimation, testing hypothesis, bivariate and multiple regression, and violations of classical assumptions and dynamics.
MAJOR COURSES
Advanced Microeconomics 2 3 units
A course dealing with the application of statistical and econometric tools on advance microeconomic theories.
Advanced Macroeconomics 2 3 units
A study of aggregate demand and aggregate supply, macroeconomics of the labor market, growth theory and open macroeconomics.
Advanced Econometrics 1 3 units
The course includes a study of the classical linear regression model and the basics of econometric theory, covering among others, auto-correlation, multicollinearity, and heterosedasticity.
Advanced Econometrics 2 3 units
A study of economic methods focusing but not limited simultaneous equations and identification.
Methods of Research 3 units
A study of the techniques of economic research, using economic tools and analysis.
COGNATES
Choose two courses from among:
- International Economics Track
- International Trade
- International Finance
- Public Sector Economics Track
- Public Expenditure
- Public Finance/Taxation
- Financial Economics Track
- Money, Banking and Monetary Policy
- Financial Economics
- Econometrics Track
- Microeconometrics
- Macroeconometrics
FINAL REQUIREMENTS
Written Comprehensive Exam (WCE)
Students will be able to take the WCE after the completion of all academic requirements.
Thesis Writing 6 units
This course involves the preparation of a thesis on Economics and an oral defense. The student will be guided by a faculty adviser. This course is taken after passing the Written Comprehensive Exam.