For a graphical layout of requirements, see the MSAE program flowchart

The MSAE program requires a minimum of 30 credit hours of graduate work, a non-credit master's essay and a final oral examination. No formal master's thesis is required

The 30 hours include 12 hours of required core courses in economic theory and quantitative analysis, an additional 12 hours of coursework relating to a chosen area of specialization, and 6 hours of electives. For students who do not choose a specialization, a general track is also available.

Common Core Courses

ECON 6560 Applied Econometrics
ECON 6561 Applied Time-Series Econometrics and Forecasting
ECON 6503 Microeconomic Theory and Applications
ECON 6504 Macroeconomic Theory and Applications

MSAE Specializations

Business Economics Specialization

The Business Economics Specialization is suitable for individuals seeking careers in the private sector in industries such as utilities, services and manufacturing. It combines economics courses with such business courses as managerial accounting, marketing management, and operations management.

Core Plus:

ACCO 6100 Managerial Accounting

6-9 hours chosen from:

BULA 6110 Legal Issues in Business and Technology
FINA 6100 Financial Management
MANA 6100 Organization and Behavior
MARK 6100 Marketing Management
OSCM 6100 Operations and Supply Chain Management
OSCM 6110 Manufacturing Management
OSCM 6115 Service Operations Management
BUAD 6160 Business Analytics Using Spreadsheets

Skills - up to three 1 credit classes (BUAD 6108-GIS, BUAD 6112-SAS, BUAD 6113-SPSS)


Six to nine elective hours in Economics

Note that these courses (excluding ECON) are standard courses in the MBA Program and in some cases prerequisite course work may be required.

Marketing Research Specialization

The Marketing Research Specialization is designed for students interested in a career in marketing research and market analysis, working either for marketing research consulting companies, or in marketing research departments of companies in the service, manufacturing or financial sector. It combines the applied econometric and forecasting courses taught in the economics core with courses in marketing management, marketing research, and other traditional marketing areas.

Core Plus:

MARK 6100 Marketing Management
MARK 6160 Marketing Research

Choose 6 hours from:

MARK 6110 Consumer Behavior
MARK 6120 Integrated Marketing Communications
MARK 6130 Customer Relationship Management
MARK 6140 Global Marketing Strategy
MARK 6150 e-Marketing Strategy
MARK 6151 Direct Marketing and e-Commerce
MARK 6165 Marketing Analytics
MARK 6170 Marketing Ethics and Social Responsibility
MARK 6180 Strategic Marketing
MARK 6185 Brand Management
MARK 6190 Marketing and Public Policy
MARK 6131 Topics in Marketing
MARK 6953 Strategic Marketing

Skills - up to three 1 credit classes (BUAD 6108-GIS, BUAD 6112-SAS, BUAD 6113-SPSS)


Six to nine elective hours in Economics

Note that these courses (excluding ECON) are standard courses in the MBA Program and in some cases prerequisite course work may be required.

Financial Economics Specialization

The Financial Economics Specialization is appropriate for those interested in a career in the financial services sector including banks, insurance companies, and securities markets. It blends such economics courses as monetary theory and policy with courses in financial policy and an advanced seminar in finance.

Core Plus:

ACCO 6100 Managerial Accounting
ECON 6580 Monetary Theory and Policy
FINA 6100 Financial Management

One 3-credit elective in finance, including:

FINA 5370 Advanced Investment Management, Ethics and Society
FINA 6111 Investments
FINA 6115 Real Estate Finance and Investments
FINA 6130 Bank Management
FINA 6140 International Financial Management
FINA 6160 Financial Derivatives
FINA 6161 Fixed Income Markets and Securities
FINA 6170 Investment Management, Ethics and Society
FINA 6931 Topics in Finance


Six elective hours in Economics

International Currency Markets (ECON 6544) is highly recommended

Note that these courses (excluding ECON) are standard courses in the MBA Program and in some cases prerequisite coursework may be required. 

Real Estate Economics Specialization

The Real Estate Economics Specialization is intended for students interested in careers regarding the development, site selection, financing and construction of real estate properties as well as urban/regional development. For that purpose, the specialization includes courses in urban and regional economics, the financial and development aspects of real estate as well as courses in data management and GIS tools often used by practitioners in the field.

Core Plus:

ECON 6512 Studies in Urban and Regional Economics
ECON 6530 Real Estate Development
FINA 6100 Financial Management
REAL 6115 Principles of Commercial Real Estate Development


3 credit hours of BUAD 6108 (SAS), 6112 (SPSS), and 6113 (GIS) or equivalent

3 elective hours of graduate level elective in economics preferably ECON 6510 - Economics of the Public Sector.

General track

This track provides a more flexible option for students who wish to focus almost exclusively on economics courses.

CORE Plus:

Four ECON electives

Six additional hours in economics, business, mathematics, statistics, or the social sciences.

Learning Outcomes

As one of many methods of assuring that the goals of our educational mission are successfully met, the college regularly and systematically engages in the assessment of a variety of competencies. As part of this assurance of learning, each program defines and collects data on learning outcomes; statements of the knowledge, skills and attitudes that we want our graduates to possess. We use them for continuous improvement and they are the criteria on which organizations such as AACSB evaluate our accreditation. The following is a list of the current Learning Outcomes in our MSAE program.

Master of Science in Applied Economics (MSAE)

1.Critically analyze global and domestic economic issues
2.Conduct an independent empirical research project
3.Verbally communicate the results of empirical research
4.Communicate the results of empirical research in a written format