Master of Arts Degree in Economics
The Master of Arts degree in Economics (M.A.E.) blends the traditional social sciences-oriented master’s program in economics with modern applied and analytical tools. It is designed to prepare students for careers in a wide range of professional fields or further graduate study in economics. Students may choose a thesis or nonthesis option. The program and admissions are supervised by the Economics Graduate Program Committee, which includes the Economics Graduate Advisor. General requirements for completion of the program consist of required courses, electives, and a comprehensive examination.
Why a Master of Arts (MA) in Economics?
The dynamics of economic and social changes in the last decade have brought new realities to such fundamental fields as economics. The resurgence of international and domestic political economy and an increased reliance on market forces in various facets of social and economic life have underlined the crucial role of economics in many decision-making processes. A wide range of employers in both public and private enterprises now recognize the significance of the ability to understand and apply fundamental economic trends and interrelations for challenging positions that require analysis and planning beyond routine procedures.
The MA program in economics at UTSA is an applied interdisciplinary program designed to provide students of diverse undergraduate training with a foundation to carry out advanced economic analysis with modern analytical and computational tools. The general topics of study include econometrics and forecasting, microeconomic analysis, international economics and finance, industrial organization, government and regulation, resources and environmental management.
The program is helpful to those who seek careers in the public sector such as local, state, and federal economic and financial agencies as well as those who seek opportunities in the private sector such as investment, banking, insurance, business management, forecasting and marketing firms, manufacturing and engineering, energy, retailing and trade companies. The program is also helpful to those who aspire to pursue further graduate studies such as a Ph.D. in economics.
Program Admission Requirements
For admission to the M.A.E. program, applicants must meet University-wide graduate admission requirements. Applicants are further considered on the basis of potential for success in graduate study in economics as indicated by a combination of records in the applicant’s application package, including:
- a completed application form
- transcripts from all universities attended
- official Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) scores
- letters of reference (optional)
- a statement of purpose (optional).
The Economics Graduate Admissions Committee evaluates each applicant individually based on the stated records. Accepted students are required to have completed an undergraduate degree before the start of the Master’s program. Also, students with noneconomics undergraduate degrees may be required to take some undergraduate or graduate courses in addition to degree requirements.
Students must complete 33 semester credit hours and a comprehensive examination.
- 12 semester credit hours of required economics graduate courses
- 21 semester credit hours of elective graduate work, 9 of which may be noneconomics courses, contingent upon approval by the Economics Graduate Advisor. With approval of the advisor, students with graduate credits in a noneconomics field may apply up to 9 hours of graduate work to fulfill the noneconomics elective requirements. In the case of students who have not had similar courses in their undergraduate program, College of Business 5003-numbered courses other than ECO 5003 Economic Theory and Policy may, upon the Graduate Advisor’s approval, qualify as electives.
- Such electives may be desirable for those with a prospect of entering the Ph.D. program in Business Administration at UTSA. Students pursuing the thesis option may fulfill up to 6 semester credit hours of the elective work with a thesis. Economics elective courses are economics graduate courses not in the student’s required course sequence
- Comprehensive Examination. Students must pass a comprehensive examination administered by their graduate committee. This examination is normally taken in the semester before or during the semester in which degree requirements are completed. During the first month of the appropriate semester, the student informs the Economics Graduate Advisor of the intent to take the examination and requests the formation of the committee. The committee consists of the Economics Graduate Advisor and two other faculty members, who may be recommended by the student. One committee member may be a noneconomics faculty member. If the thesis option is adopted, the thesis supervisor is a member of the committee.