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The Master of Economics (MEcon or MEc) [1] [2] [3] is a postgraduate master's degree in economics comprising training in economic theory, econometrics, and/or applied economics. The degree is also offered as an MS or MSc, MA or MCom in economics; variants are the Master in Economic Sciences (MEconSc), and the Master of Applied Economics.
The degree may be offered as a terminal degree or as additional preparation for doctoral study, and is sometimes offered as a professional degree, such as the emerging MPS in Applied Economics. [4] The program emphases and curricula will differ correspondingly. The course of study for the master's degree lasts from one to two years. A thesis is often required, particularly for terminal degrees. Many universities (in the United States) do not offer the master's degree directly; rather, the degree is routinely awarded as a master's degree "en route", after completion of a designated phase of the PhD program in economics.
Entry requirements are undergraduate work in (calculus-based) economics, at least at the "intermediate" level, and often as a major, and a sufficient level of mathematical training (including courses in probability and statistics; often (multivariable) calculus and linear algebra; and sometimes mathematical analysis.)
Typically, the curriculum is structured around core topics, with any optional coursework complementary to the program focus. The core modules are usually in microeconomic theory, macroeconomic theory and econometrics. At this level, the topics covered are microfoundations and dynamic stochastic general equilibrium, and allow for heterogeneity, relaxing the idea of a representative agent. Sometimes, topics from heterodox economics are introduced. Econometrics extends the undergraduate domain to multiple linear regression and multivariate time series, and introduces simultaneous equation methods and generalized linear models. Game theory and computational economics are often included. Some (doctoral) programs include core work in economic history. [5]
Theory-focused degrees will tend to cover these core topics more mathematically, and emphasize econometric theory as opposed to econometric techniques and software; these will also require a separate course in mathematical economics. Note though that regardless of focus, most programs "now place a marked emphasis on the primacy of mathematics", [1] and many universities thus also require "Quantitative Techniques for Economics", [6] or "Math for Economics" [7] especially where mathematical economics is not a core course.
The optional or additional coursework will depend on the program's emphasis. In theory-focused degrees, and those preparing students for doctoral work, this coursework is often in these same core topics, but in greater depth. In terminal or applied or career-focused degrees, options may include public finance, labour-, financial-, development-, industrial-, health- or agricultural economics. These degrees may also allow for a specialization in one of these areas, and may be named correspondingly (for example Master's in Financial Economics, Masters in International Economics, Masters in Development Economics, Master's in Sustainable Economic Development and Masters in Agricultural Economics.) Recently, the more general Master of Applied Economics, [8] combines economic theory with selections from finance and data analytics, including machine learning and data science.
The master of public policy (MPP) is one of several public policy degrees. An MPP is a master's-level professional degree that provides training in policy analysis and program evaluation at public policy schools. The MPP program places a focus on the systematic analysis of issues related to public policy and the decision processes associated with them. This includes training in the role of economic and political factors in public decision-making and policy formulation; microeconomic analysis of policy options and issues; resource allocation and decision modeling; cost/benefit analysis; statistical methods; and various applications to specific public policy topics. MPP graduates serve or have served in the public sector, at the international, national, subnational, and local levels and the private sector.
Business education is a branch of education that involves teaching the skills and operations of the business industry. This field of education occurs at multiple levels, including secondary and higher education
Quantitative psychology is a field of scientific study that focuses on the mathematical modeling, research design and methodology, and statistical analysis of psychological processes. It includes tests and other devices for measuring cognitive abilities. Quantitative psychologists develop and analyze a wide variety of research methods, including those of psychometrics, a field concerned with the theory and technique of psychological measurement.
Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
A Bachelor of Economics is an academic degree awarded to students who have completed undergraduate studies in economics. Specialized economics degrees are also offered as a "tagged" BA (Econ), BS (Econ) / BSc (Econ), BCom (Econ), and BSocSc (Econ), or variants such as the "Bachelor of Economic Science".
Bendheim Center for Finance (BCF) is an interdisciplinary center at Princeton University. It was established in 1997 at the initiative of Ben Bernanke and is dedicated to research and education in the area of money and finance, in lieu of there not being a full professional business school at Princeton.
Economics education or economic education is a field within economics that focuses on two main themes:
A master's degree in quantitative finance is a postgraduate degree focused on the application of mathematical methods to the solution of problems in financial economics. There are several like-titled degrees which may further focus on financial engineering, computational finance, mathematical finance, and/or financial risk management.
The Guanghua School of Management, Peking University (北京大学光华管理学院) is the business school of Peking University, a public university in Beijing, China.
The Master of Finance is a master's degree awarded by universities or graduate schools preparing students for careers in finance. The degree is often titled Master in Finance, or Master of Science in Finance. In the U.S. and Canada the program may be positioned as a professional degree. Particularly in Australia, the degree may be offered as a Master of Applied Finance (MAppFin). In some cases, the degree is offered as a Master of Management in Finance (MMF). More specifically focused and titled degrees are also offered.
The Robert Day School of Economics and Finance (RDS) at Claremont McKenna College is an economics school, and the only graduate program at Claremont McKenna College. The Robert Day School emphasizes coursework that blends theory and practice. The undergraduate programs offer majors in economics and economics-accounting, and a sequence in financial economics. RDS also offers a specialized full-time master's degree in finance as well as administering the Robert Day Scholars Program. In contrast to any other liberal arts college, the offerings include a broad spectrum of core and elective courses in finance and accounting. The course is designed to develop the individual student's analytical, quantitative, and communication skills.
A Master of Financial Economics is a postgraduate master's degree focusing on theoretical finance. The degree provides a rigorous understanding of financial economics, emphasizing the economic framework underpinning financial and investment decisioning. The degree is postgraduate, and usually incorporates a thesis or research component. Programs may be offered jointly by the business school and the economics department. Closely related degrees include the Master of Finance and Economics and the Master of Economics with a specialization in Finance. Since 2014 undergraduate degrees in the discipline have also been offered.
PhD in management is one of the highest academic degrees awarded in the study of management science. The degree was designed for those seeking academic research and teaching careers as faculty or professors in the study of management at business schools worldwide.
Applied mathematics is the application of mathematical methods by different fields such as physics, engineering, medicine, biology, finance, business, computer science, and industry. Thus, applied mathematics is a combination of mathematical science and specialized knowledge. The term "applied mathematics" also describes the professional specialty in which mathematicians work on practical problems by formulating and studying mathematical models.
Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, investment management and other related finance occupations. The occupation is similar to those in industrial mathematics in other industries. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns.
Toulouse School of Economics is a school of economics, affiliated with Toulouse 1 Capitole University, a constituent college of the Federal University of Toulouse Midi-Pyrénées. It is located in the city of Toulouse, France.
The Tepper School of Business is the business school of Carnegie Mellon University. It is located in the university's 140-acre (0.57 km2) campus in Pittsburgh, Pennsylvania.
The European Joint Master degree in Economics provides a rigorous education in fundamental quantitative tools by combining economic theory with related quantitative disciplines such as Econometrics, Finance, Actuarial Science, Probability, Statistics, Mathematical Modeling, Computation and Simulation, Experimental Design, and Political Science, managed by consortia of higher education institutions from the European Union.
The Center for Operations Research and Econometrics (CORE) is an interdisciplinary research institute of the University of Louvain (UCLouvain) located in Louvain-la-Neuve, Belgium. Since 2010, it is part of the Louvain Institute of Data Analysis and Modeling in economics and statistics (LIDAM), along with the Institute for Economic and Social Research (IRES), Louvain Finance (LFIN) and the Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
Discussion
Lists of programs