Economics, M.Sc.

  • Application Deadline
  • 10 months
    Duration
  • Tuition
    32250
    Tuition (Year)
    29025
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #70 Online
With expanding access to extensive datasets, both public and proprietary, there is increased value to individuals who have the tools to analyze and interpret economic data, including the ability to apply the results to decision making in managerial and public policy environments. The degree provides students who have strong quantitative skills a foundation for formulating and estimating economic models through the use of econometrics and other quantitative techniques.

About

Purdue University offers an innovative online Master’s Degree in Economics designed for individuals with strong analytical backgrounds, such as individuals with undergraduate majors in the STEM (Science, Technology, Engineering and Mathematics) disciplines. The program combines a first-year common core set of courses in Economic theory and Econometrics with a set of second-year courses that provides a concentration in either Applied Economics/Business or in Advanced Economic Theory.

The program is designed so that it can be completed entirely online, with each class of entering students working together in common online sections of the courses. The online course content is exactly comparably to the in-class courses physically offered on the Purdue campus, as every course in the program has both in-class and online sections. Depending on the concentration chosen, the program provides decision-making skills helpful in managerial and policy making positions (Applied Economics/Business) or prepares students for entry into PhD programs in Economics (Advanced Theory. The program consists of fourteen courses that include three 3-credit-hour basic courses in theory and Econometrics, ten 2-credit-hour special topic courses, and one 1-credit-hour independent study supervised one-on-one with an individual faculty member.

Programme Structure

Courses Included:
  • Intermediate Economics I
  • Intermediate Economics II
  • Econometrics I
  • Econometrics II
  • Financial Econometrics
  • Behavioral Economics
  • International Economics
  • Economics and Accounting
  • Personnel Economics
  • Law and Economics
  • Microeconometrics
  • Industrial Economics
  • Game Theory

Detailed Programme Facts

  • Full-time duration 10 months
  • Study intensity Full-time
  • Credits
    30 credit hours alternative credits
  • Languages
    • English
  • Delivery mode
    Online

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 7.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score: 100

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

While full-time post-baccalaureate work experience is not required for admission, at least one internship is preferred. Program applicants are required to take either GMAT or GRE. International applicants are also required to take TOEFL. Although no minimum scores are required for admission, GMAT/GRE and TOEFL scores will be considered during the application review process.

Getting a Student Visa

This is an online programme. You don’t need a visa to study in this programme.

Tuition Fee Per Year

  • USD 32250 International
  • USD 29025 National

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.