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M.A. in Economics-Quantitative Economics

Normal, Illinois

 

INTAKE: Jan & Aug

Program Overview

The M.A. in Economics - Quantitative Economics program at Illinois State University is a specialized degree that focuses on the rigorous application of quantitative methods in the field of economics. This program is designed to equip students with advanced skills in data analysis, econometrics, and mathematical modeling to address complex economic challenges. The curriculum emphasizes econometric methods, enabling students to analyze economic data, build statistical models, and test economic theories.

  1. Advanced Microeconomic and Macroeconomic Theory: Students receive a comprehensive grounding in advanced microeconomic and macroeconomic theories, providing them with a strong theoretical foundation to analyze economic behavior and dynamics.

  2. Statistical Analysis: Students gain proficiency in statistical analysis, which is essential for understanding economic data and drawing meaningful conclusions from empirical research.

  3. Mathematical Economics: The program includes courses in mathematical economics, equipping students with mathematical tools to model and solve complex economic problems.

  4. Applied Econometrics: Students learn to apply econometric techniques to real-world economic issues, such as analyzing the impact of policies and forecasting economic trends.

  5. Quantitative Research Projects: The program offers opportunities for students to engage in quantitative research projects, allowing them to apply their skills to practical economic challenges.

  6. Elective Courses: Students can choose from a variety of elective courses to tailor their studies to specific areas of interest, such as financial economics, international economics, or environmental economics.

  7. Thesis or Research Paper: As a culminating experience, students can opt to complete a thesis or research paper, demonstrating their ability to conduct independent research in quantitative economics.

  8. STEM-designated Program: The M.A. in Economics - Quantitative Economics program is designated as STEM (Science, Technology, Engineering, and Mathematics) by the United States government. This designation recognizes the program's focus on rigorous quantitative analysis and its alignment with STEM-related fields. International students who complete this program may be eligible for extended Optional Practical Training (OPT) opportunities in the United States.

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Location

Normal, Illinois

Pollster Education

Score

IELTS: 6.5

Pollster Education

Tuition Fee

USD 23380

Entry Requirements for International Students (Postgraduate)

Application Fees : US$ 63

  1. Academic Qualifications: A minimum GPA of 3.0 on a 4.0 scale or an equivalent percentage (typically 60% and above) is often required.

  2. English Language Proficiency: The minimum required scores for each test are as follows:

    • IELTS: Overall score of 6.5 with no band less than 6
    • TOEFL: Minimum score of 79 (iBT)
    • PTE: Minimum score of 60
    • DET (Duolingo English Test): Minimum score of 105
  3. GRE (Graduate Record Examination): Some programs may request GRE as part of the application process. The minimum required GRE score is often around 300.

ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria. 

  1. International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.

  2. Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.

  3. Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.

  4. College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.

  5. Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.

International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.

Graduates of the M.A. in Economics - Quantitative Economics program possess valuable skills that are highly sought after in various sectors.  :

  1. Economic Analyst: Graduates can work as economic analysts, using their quantitative skills to analyze economic data, assess market trends, and provide valuable insights to businesses and governments.

  2. Financial Analyst: Graduates may pursue careers as financial analysts, analyzing financial data and economic indicators to inform investment decisions and financial planning.

  3. Data Analyst: Graduates can work as data analysts, processing and interpreting economic data to drive evidence-based decision-making for organizations.

  4. Policy Analyst: Graduates with expertise in quantitative economics can work as policy analysts, evaluating the impact of policies and making recommendations to policymakers.

  5. Market Research Analyst: Graduates may choose to work as market research analysts, conducting economic research to assess market demand, consumer behavior, and competitive trends.

  6. Consultant: Graduates can work as economic consultants, providing specialized expertise to businesses, government agencies, or non-profit organizations.

  7. Government Economist: Graduates may pursue roles as government economists, contributing to economic policy development and program evaluation.

The M.A. in Economics - Quantitative Economics program at Illinois State University offers students a rigorous education in quantitative methods applied to the field of economics. Graduates are well-equipped to pursue careers in economic analysis, data-driven decision-making, and policy evaluation. The program's STEM designation further enhances its appeal and provides international students with valuable opportunities for career advancement in the United States.

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