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Master of Science Degree in Social and Applied Economics

The Department of Economics offers a professionally oriented graduate program that leads to a Master of Science degree in Social and Applied Economics. This program is designed to develop professional economists who can solve contemporary economic problems with a unique set of skills created by a curriculum that combines social economic course work with applied economic course work. Students are encouraged to develop and evaluate new approaches to economic problem solving. Our teaching and research emphasize the interplay of theory and applications.

The M.S. in Social and Applied Economics prepares students for careers in industry or government. Recent graduates of the program have obtained the following positions:

  • Market Analyst – Chicago Mercantile Exchange
  • Production and Cost Analyst – Serta Corporation
  • Energy Forecast Analyst – Dayton Power and Light
  • Forecast Analyst – Arizona Power
  • Product Content Manager – Lexis-Nexis
  • Credit Analyst – Bank One
  • Credit Analyst – Avanta Corporation
  • Researcher – Human Services Department, Hamilton County Ohio
  • County Auditor – Clark County Ohio
  • Production Analyst – Whirlpool Corporation
  • Economic Analyst – Ohio Bureau of Employment Compensation
Additionally, graduates who wish to pursue further graduate studies have successfully been placed in Ph.D. programs at Universities such as:
  • Colorado State University
  • Kent State University
  • Ohio State University
  • Stanford University
  • University of Illinois
  • University of Wisconsin

Admission
An application for graduate study in the social and applied economics program is required to meet the general requirements of the School of Graduate Studies and also to be accepted by the Graduate Studies Committee of the Department of Economics. Students need not have an undergraduate degree in economics to enter this program. The Graduate Record Examination (GRE) General Test is required. Application forms for admission and for the GRE are available in the office of the Department of Economics or from the School of Graduate Studies. Both full- and part-time students are accepted for admission to the program.

Degree Requirements
Candidates for the Master of Science degree in Social and Applied Economics must successfully complete a minimum of 48 credit hours in courses numbered 600 or above, exclusive of prerequisite survey courses. Of the total 48 hours, 42 must be taken in the department (36 credit hours of courses plus six credit hours of internship). Students must achieve a cumulative grade point average of 3.0 in all graduate courses exclusive of the internship, which requires a grade of pass. No more than nine hours of C grades may be applied towards the degree.

The Graduate Studies Committee of the Department of Economics may require a student to take and pass a comprehensive written and/or oral examination as a degree requirement.

As many as 12 graduate credit hours may be transferred into the M.S. program in Social and Applied Economics by petition to the Graduate Studies Committee in the Department of Economics and subject to approval by the School of Graduate Studies.

All candidates are required to complete an internship. Prior to the internship, students should have completed a minimum of 24 credit hours (including EC 609 and EC 712). Approval by the student's advisor and the Graduate Studies Committee of the department is also required. Detailed information on internship objectives, standards, and supervision is available upon request from the director of the M.S. in economics program.

Prerequisites
A bachelor's degree in economics is not required prior to entering the program; however, basic courses in economics principles, introductory statistics, and calculus are minimum requirements. Students who have not had these courses or the equivilent should complete the courses before entering the program. Upon approval by the Graduate Studies Committee of the Department of Economics, students may make up deficiencies in program prerequisites after admission to the program but before taking courses requiring these specific prerequisites. The following survey courses have been designed to meet the program prerequisites: MBA 581 (for calculus), MBA 582 (for statistics), and EC 521 and 522 (for principles of micro- and macroeconomics). For full-time students, these requirements must be completed prior to entry into the program.

Program of Study
Any modification of the following program requirements requires petition approval by the department, college, and university graduate studies committees.

Dual Degree with MBA
Students may obtain both the Master of Business Administration degree and the Master of Science degree in social and applied economics under the dual degree program, which permits common course work to apply to both programs. This policy does not apply to students who receive an M.B.A. degree from schools other than Wright State.

Financial Assistance
Financial assistance is available through the School of Graduate Studies, the College of Business and Administration, and the various departments.

Graduate Assistantships
A total of twenty-four quarters of assistantships (a total of eight students – carryovers for the second year reduces annual selections to 5 or 6 new students) are available annually on a competitive basis for the first year of study. Undergraduate GPA, GRE scores, letters of recommendation, TOEFL scores, and other materials are used in the assistantship decision. Funding will be continued in the second year for those students making satisfactory progress. The department reserves the right to adjust the level of funding conditional on the availability of funds and the student's academic progress. Assistantships require students to spend a specified amount of time assisting either in instruction or in research. The balance of their time is devoted to graduate studies. Graduate assistants are required by the graduate school to register for a minimum of eight hours of graduate credit per quarter (a maximum of six credit hours for each five-week summer term is considered the normal load). The following statistics may help you in determining your selection odds. Average undergraduate grade point average: 3.7 on 4.0 scale, average GRE score: 2130 (sum of the analytical, quantitative and verbal scores), TOEFL: 630, plus all letters of recommendation in highest 10% rating. Note: The above statistics are for one selection period only, selection statistics vary annually. Disclaimer: The Graduate Studies Committee of the Department of Economics reserves the right to make all final selections.

Graduate Academic Fellowships and other Financial Aid
Other financial assistance programs are available for graduate students. This assistance may be provided through financial aid and/or graduate academic fellowships. Traditionally, several graduate fellowships which provide full tuition waivers, have been awarded to students in the M.S. in Social and Applied Economics each year. For further information concerning financial aid, please contact the Office of Financial Aid. Information regarding graduate academic fellowships (limited to U.S. citizens only) may be obtained by contacting the director of the graduate program:
 
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