Master of Science in Economics

The Master of Science (M.S.) in Economics at Indiana University was designated a STEM program in August 2020. This innovative program teaches fundamental skills and state-of-the-art analytical and econometric tools. Through in-depth coursework you will begin to master invaluable advanced theoretical and empirical skills.

What will you gain?

• This program combines the very best of learning in Economics: dedicated research-oriented faculty, a strong theoretical grounding, modern computational tools, and advanced econometric methods. It will prepare you for a large variety of careers in the private and public sectors as well as for further graduate training such as Ph.D. programs in Economics or related fields.

What will you actually do?

• The coursework in this program can be finished in three semesters. In the first two semesters, you will learn basic foundations of microeconomic theory, macroeconomics, and econometrics with the appropriate mathematical tools. The third semester allows a specialization into a financial economics track or a game theory track, each with appropriate courses and tools.
• Through your coursework you will learn to model problems and answer questions with data using R, Python and MATLAB in topics relating to finance, experiments, big data, statistical/machine learning and causality.
• In addition to your coursework, you will have the option to participate in workshops and minicourses led by faculty and PhD students for training in programming languages used by empirical economists and data scientists. Historically, topics cover statistical computing in the R and Python programming languages.
• Starting in Fall 2022, students are allowed to take the three required first semester courses online, so the remaining coursework in residence can be completed in one calendar year.

Who is the program for?

• Students seeking to qualify for jobs requiring economic, quantitative, and analytics skills in private in public sectors.
• Students seeking enrollment in high quality PhD programs.
• Students whose undergraduate degree and/or training require additional credentials for the jobs they are seeking.