Master of Science in Economics
The Master of Science in Economics (MSE) offers increased flexibility and an expanded array of options to master’s students. The MSE is a more broad-based program than our MSIE program and allows students to have more choices in course selections based on their preferences and career plans. Students completing this program may pursue a career as a generalist in both private and public sectors.
Degree Requirements
The degree requires completion of four required courses and six elective courses (30 credits). All courses carry three credit hours unless otherwise indicated. Faculty will advise students as to which courses they should complete each semester. The program must be completed in no more than five years.
Required Courses (4 courses, 12 credits)
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EC-710 Macroeconomics
Credits:
3.00
Description:
Study of macroeconomic models and the application of these analytical models to examine current and past world economic problems. Topics include fundamental macroeconomic models which explain the determination of equilibrium output, the price level, exchange rates and balance of payments adjustment. Topics also include effects of money creation, government spending and taxation in an open economy as well as a closed economy, and international economic interdependence. Normally offered every year
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EC-720 Applied Microeconomics
Credits:
3.00
Description:
The application of mathematical techniques in microeconomics to solve managerial decision problems. The theory of the firm is used to integrate microeconomics with decision sciences using various business applications. Topics include optimization, economic theory of consumer and firm behavior, risk and uncertainty. A global view of managerial economics is taken to reflect the current globalization of production and distribution in the world . Normally offered every year.
-
EC-750 Applied Econometrics
Credits:
3.00
Description:
A brief review of statistical methods including probability theory, estimation, and hypothesis testing. This background is used in the construction, estimation, and testing of econometric models. The consequences of a misspecified model, where the assumptions of a classical regression model are violated, are studied and the appropriate remedial measures are suggested. Other topics include dummy variables, binary choice models, and autoregressive models. Emphasis is on applied aspects of econometric modeling. There is extensive use of statistical software for data analyses. Normally offered every year.
-
EC-785 Topics in Economics
Prerequisites:
EC 710 or EC 810, and EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in economics. It is centered on the writing of a substantial research paper. The course includes a discussion of how to design an outline, conduct a literature review, build and estimate an economic model, collect data, and report the results clearly and correctly. Normally offered every year.
-
EC-786 Topics in International Economics
Prerequisites:
EC 710 or EC 810, EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in international economics and finance. It is centered on the writing of a substantial research paper. The course includes a discussion of selecting a topic of the research paper, a literature review of the topic, building an analytical framework, determining estimation techniques, collection of data, presentation and analysis of estimation results, and a proper reporting of the completed paper. Prerequisites: EC 710, EC 720 and EC 750. Normally Offered every year.
Elective Courses (6 courses, 18 credits)
-
EC-710 Macroeconomics
Credits:
3.00
Description:
Study of macroeconomic models and the application of these analytical models to examine current and past world economic problems. Topics include fundamental macroeconomic models which explain the determination of equilibrium output, the price level, exchange rates and balance of payments adjustment. Topics also include effects of money creation, government spending and taxation in an open economy as well as a closed economy, and international economic interdependence. Normally offered every year
-
EC-720 Applied Microeconomics
Credits:
3.00
Description:
The application of mathematical techniques in microeconomics to solve managerial decision problems. The theory of the firm is used to integrate microeconomics with decision sciences using various business applications. Topics include optimization, economic theory of consumer and firm behavior, risk and uncertainty. A global view of managerial economics is taken to reflect the current globalization of production and distribution in the world . Normally offered every year.
-
EC-750 Applied Econometrics
Credits:
3.00
Description:
A brief review of statistical methods including probability theory, estimation, and hypothesis testing. This background is used in the construction, estimation, and testing of econometric models. The consequences of a misspecified model, where the assumptions of a classical regression model are violated, are studied and the appropriate remedial measures are suggested. Other topics include dummy variables, binary choice models, and autoregressive models. Emphasis is on applied aspects of econometric modeling. There is extensive use of statistical software for data analyses. Normally offered every year.
-
EC-785 Topics in Economics
Prerequisites:
EC 710 or EC 810, and EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in economics. It is centered on the writing of a substantial research paper. The course includes a discussion of how to design an outline, conduct a literature review, build and estimate an economic model, collect data, and report the results clearly and correctly. Normally offered every year.
-
EC-786 Topics in International Economics
Prerequisites:
EC 710 or EC 810, EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in international economics and finance. It is centered on the writing of a substantial research paper. The course includes a discussion of selecting a topic of the research paper, a literature review of the topic, building an analytical framework, determining estimation techniques, collection of data, presentation and analysis of estimation results, and a proper reporting of the completed paper. Prerequisites: EC 710, EC 720 and EC 750. Normally Offered every year.
One graduate-level course relevant to economics, subject to the program director's approval.
Master of Science in International Economics
The Master of Science in International Economics (MSIE) is designed for students who seek employment as an analyst or consultant with international trading companies, financial institutions, economics forecasting and consulting companies, multinational companies, international law firms, and a variety of international organizations. The program is also an excellent preparation for study at the doctoral level.
Degree Requirements
The degree requires the successful completion of nine required courses and one elective course.
Required Courses (9 courses, 27 credits)
-
EC-710 Macroeconomics
Credits:
3.00
Description:
Study of macroeconomic models and the application of these analytical models to examine current and past world economic problems. Topics include fundamental macroeconomic models which explain the determination of equilibrium output, the price level, exchange rates and balance of payments adjustment. Topics also include effects of money creation, government spending and taxation in an open economy as well as a closed economy, and international economic interdependence. Normally offered every year
-
EC-720 Applied Microeconomics
Credits:
3.00
Description:
The application of mathematical techniques in microeconomics to solve managerial decision problems. The theory of the firm is used to integrate microeconomics with decision sciences using various business applications. Topics include optimization, economic theory of consumer and firm behavior, risk and uncertainty. A global view of managerial economics is taken to reflect the current globalization of production and distribution in the world . Normally offered every year.
-
EC-730 International Trade Theory & Policy
Credits:
3.00
Description:
Analysis of the causes and consequences of international trade and international factor movements. Coverage of the neoclassical, the Heckscher-Ohlin and alternative theories of trade. Other topics include the instruments of trade policy, the impact of trade policies on economic welfare and income distribution, the political economy of protectionism, and the economics of integration.
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EC-740 International Money and Finance
Prerequisites:
EC 710
Credits:
3.00
Description:
Analysis of equilibrium in international financial markets; open economy macroeconomic models, exchange rate movements, foreign currency market behavior and the international monetary system. Topics include theoretical aspects and empirical evidence of basic equilibrium conditions in international financial transactions, balance of payment adjustments, various approaches to the determination of foreign exchange rates, an analysis of the behavior of the foreign currency market under uncertainty, and international monetary integration focused on the evaluation of the European Monetary Union. Prerequisite: EC 710. Normally offered every year.
-
EC-750 Applied Econometrics
Credits:
3.00
Description:
A brief review of statistical methods including probability theory, estimation, and hypothesis testing. This background is used in the construction, estimation, and testing of econometric models. The consequences of a misspecified model, where the assumptions of a classical regression model are violated, are studied and the appropriate remedial measures are suggested. Other topics include dummy variables, binary choice models, and autoregressive models. Emphasis is on applied aspects of econometric modeling. There is extensive use of statistical software for data analyses. Normally offered every year.
-
EC-755 Global Data Analysis
Prerequisites:
Pre-requisites: (EC 710 or EC 810) and (EC 750 or EC 850)
Credits:
3.00
Description:
The emphasis in this course is on the use and interpretation of real world economic and financial data. Emphasis is on hands-on experience of retrieving data from various databases and then using quantitative tools for analytical purposes. Major economic indicators, the behavior of developed and emerging equity markets, currency movements, sovereign risk, the determinants of international capital flows and international trade patterns will be studied. The course trains students in using economic and financial databases, applying quantitative statistical techniques and using econometric software packages that are employed in economic and financial analysis and marketing research. Prerequisites: EC 710 and EC 750. Normally offered every year.
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EC-760 Applied Time Series Methods
Prerequisites:
EC 750 or EC 850
Credits:
3.00
Description:
Modeling and forecasting with time series data. Various forecasting techniques, including the autoregressive moving average (ARMA) models are presented. These techniques are applied to a wide range of economic and financial data. The latter part of the course deals with other time series econometric issues such as testing for a unit root, ARIMA models, cointegration, and the ARCH/GARCH family of models.
-
EC-786 Topics in International Economics
Prerequisites:
EC 710 or EC 810, EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in international economics and finance. It is centered on the writing of a substantial research paper. The course includes a discussion of selecting a topic of the research paper, a literature review of the topic, building an analytical framework, determining estimation techniques, collection of data, presentation and analysis of estimation results, and a proper reporting of the completed paper. Prerequisites: EC 710, EC 720 and EC 750. Normally Offered every year.
-
EC-785 Topics in Economics
Prerequisites:
EC 710 or EC 810, and EC 720 or EC 820, and EC 750 or EC 850
Credits:
3.00
Description:
This seminar course considers issues of current and academic importance in economics. It is centered on the writing of a substantial research paper. The course includes a discussion of how to design an outline, conduct a literature review, build and estimate an economic model, collect data, and report the results clearly and correctly. Normally offered every year.
-
EC-742 Development Economics
Credits:
3.00
Description:
Asks why some countries are poor and others are rich. Examines growth over the very long term. Macroeconomic issues include the role of stability, structural adjustment, savings, exchange rate policy, technology and its diffusion, and institutions. Microeconomic topics include demography, education, health, the analysis of poverty and inequality, microfinance, social capital and property rights. The special problems of post-war economic reconstruction. The course includes significant work with large household datasets. Normally offered every other year.
or
FIN 825 Multinational Financial Management
Elective Courses (1 course, 3 credits)
Choose either EC 790 (Internship) or one graduate-level course relevant to international economics and finance, subject to the program director's approval.
The faculty will advise students as to which courses they should complete each semester. This program must be completed in no more than five years.
Joint BA/BS/MA Degree in Economics
This program provides an accelerated path for undergraduate economics majors to obtain a Master’s degree in Economics. Students would be allowed to take up to two master-level courses in their senior year. For each of these graduate courses taken, the student’s undergraduate total credit requirement will be reduced by four credits.
Undergraduate students at Suffolk University, majoring in Economics (BS or BA) or International Economics (BS or BA), can apply for this joint degree program. Applicants must have completed the first semester of their junior year at Suffolk University with an overall GPA of 3.0 or higher and a GPA of 3.3 or higher in at least three economics major courses taken at Suffolk. Application deadline is June 15th of the junior year. However, students may apply until November 1st of the senior year if they want to enroll for graduate courses in the second semester of their senior year.
Each student admitted to this joint degree program must meet all the requirements of one of the undergraduate degree programs (BS in Economics, BA in Economics, BS in International Economics, or BA in International Economics). In addition, the student must meet all the requirements of one of the master’s degree programs (MSIE or MSE). Upon successful completion of all of the degree requirements, a student will be conferred one joint degree.
A student may permanently exit the joint degree program and opt to graduate with a bachelor’s degree if all the requirements of a bachelor’s degree are met, in which case each of the two graduate courses taken in the senior year would be counted as a four-credit course.
MSIE/JD Requirements
The joint degree program includes all core courses currently required of candidates for the JD degree. The MSIE component of the program requires the completion of ten courses (icluding EC 785 and/or EC 786). The program permits students to earn both degrees in four years (Law School Day Program) or five years (Law School Evening Program). Students may select from a number of tracks to start the program.
The faculty will advise students as to which courses they should complete each semester. Some suggested tracks are as follows:
JD/MSIE Day Division Track I
Year 1: MSIE courses
Year 2: First-year Law School curriculum
Year 3: Law/MSIE courses
Year 4: Law/MSIE courses
JD/MSIE Day Division Track II
Year 1: First-year Law School curriculum
Year 2: MSIE courses
Year 3: Law/MSIE courses
Year 4: Law/MSIE courses
JD/MSIE Day Division Track III
Year 1: First-year Law School curriculum
Year 2: Second-year Law School curriculum
Year 3: Law/MSIE courses
Year 4: Law/MSIE courses
JD/MSIE Evening Division
Year 1: First-year Law School curriculum
Year 2: Second-year Law School curriculum
Year 3: Third-year Law School curriculum
Year 4: MSIE courses
Year 5: Law/MSIE courses
