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MS Econometric & Quantitative Economics

This exciting degree program has been approved by the State of new York Education Department to qualify as a STEM program. The MS Econometric & Quantitative Economics (MS EQE) program is tailored to the provide the skills required of a quantitative economist seeking employment in the private profit and non-profit sectors as well as in the government and NGO sectors, as it focuses on providing advanced knowledge and proper utilization of mathematical and quantitative skills required of Economists in practical applications. The program focuses on mathematical and statistical theories that prepare our students to perform a wide gamut of business research, including cost-benefit analysis, researching market trends, and forecasting future changes in economic activity in various sectors of the economy. In addition, our students deal with large data sets related to financial, international, and experimental issues, and branch out into areas like health and hi-tech research requiring high mathematical, statistical, and econometric tools.

International students should take note that this qualifies as STEM Opt Eligible and allows certain additional benefits over the normal Masters degree.

Listed below are sample course plans to give students a better idea about what their coursework timetable might look like. Please note that this is intended just for illustration purposes. If you have any questions or concerns regarding the program, please make sure to e-mail the Assistant Director prior to registration.

Courses Required
ECO 505 Microeconomic Theory
ECO 507 Macroeconomic Theory
ECO 526 Financial Economics I
ECO 580 Econometrics I
ECO 581 Econometrics II
ECO 582 Computational Econometrics
ECO 583 Econometric Applications
ECO 561 Economics of Fluctuation & Forecasting
ECO 576 Topics in Microeconomics
ECO 515 Math for Economists
ECO 567 Economics & Game Theory
ECO 569
ECO 544
ECO 543
Industrial Organization or
Economics of Education or
Labor Economics
Plus: 3 Electives (see below)
Electives
ECO 511 Health Economics
ECO 521 Urban Economics
ECO 525 Money & Banking
ECO 564 Economics of the Public Sector
ECO 570 Economics of Regulation
ECO 588 Practicum in Financial Economics I
ECO 589 Practicum in Financial Economics II
ECO 590 Monetary Theory
ECO 593 Tools for Economic Analysis
ECO 598 Independent Research
CSE 531 Analysis of Algorithms
IE 575 Stochastic Methods
IE 576 Applied Stochastic Processes
MGA 606 Intermediate Financial Report
MGA 632 Financial Statement Analysis
MGA 635 Global Financial Reporting
MGF 633 Investment Management
MGF 636 Complex Financial Instruments
MGF 637 Financial Modeling
MGF 638 Fixed Income Securities
MGF 641 Financial Policies and Strategies
MGF 642 Financial Planning & Evaluation
MGF 643 Strategic Fin Mgmt & Value Creation
MGF 656 Acquisitions Transactions
MGF 658 Mergers & Acquisitions Strategy
MGF 661 Management of Financial Institutions
MGF 685 International Financial Management
MGF 696 Portfolio Theory and Strategy
MGS 613 Database Management Systems
MTH 511 Probability Theory
MTH 512 Intro Statistical Inference
MTH 517 Survey of Advanced Calculus
MTH 518 Survey of Partial Differential Equations
MTH 527 Introduction to Topology
MTH 531 Introduction to Real Variables I
MTH 532 Introduction to Real Variable II
MTH 537 Introduction to Numerical Analysis I
MTH 558 Mathematical Finance 1
MTH 559 Mathematical Finance 2
MTH 560 Theory of Games
MTH 631 Analysis
STA 545 Statistical Data Mining 1

Note: The Department recommends four semesters for the M.S. program.

Upon successful completion of the above 45 credit hours of coursework and passing both parts of the Comprehensive Exam, a student will confer the M.S. degree in Econometric & Quantitative Economics.

MS Econometric & Quantitative Economics (45 credits)

2 Years (Fall Admission)
Fall (Semester 1)
Course # Title Credits
ECO 505 Microeconomic Theory 3
ECO 507 Macroeconomic Theory 3
ECO 580 Econometrics I 3
ECO 526 Financial Economics 3
Macro/Micro Comp Exam (end of semester)
12 Credit Hours
 

Spring (Semester 2)

Course # Title Credits
ECO 576 Topics in Microeconomics 3
ECO 581 Econometrics II 3
ECO 515 Math for Economists 3
ECO 567 Game Theory 3
MS Econometric & Quantitative Economics Elective 3
Macro/Micro Comp Exam (end of semester)
12 Credit Hours
 

Fall (Semester 3)

Course # Title Credits
ECO 582 Computational Econometrics 3
ECO 561 Econ of Fluctuation & Forecasting 3
MS Econometric & Quantitative Economics Elective 3
MS Econometric & Quantitative Economics Elective 3
Macro/Micro Comp Exam (end of semester)
12 Credit Hours
 

Spring (Semester 4)

Course # Title Credits
ECO 543
ECO 544
ECO 569
Labor Economics or
Economics of Education or
Industrial Organization
3
ECO 583 Econometric Applications 3
MS Econometric & Quantitative Economics Elective 3
MS Econometric & Quantitative Economics Elective 3
Macro/Micro Comp Exam (end of semester)
9 Credit Hours
45 Credit Hours

Upon successful completion of the above 45 credit hours of coursework and passing both parts of the Comprehensive Exam, a student will confer the MS Econometric & Quantitative Economics degree.