Economics

Students enrolling in the graduate programs in Economics (MS or MA) focus their studies on advanced microeconomic theory, macroeconomic theory, and econometrics, with research strengths in applied economics and quantitative methods. Both the MA and MS offer non-thesis and thesis options and are 30-credit programs.

Master of Science in Economics

This program is well-suited for students who want to prepare for a career where advanced and quantitatively rigorous economics training is required or beneficial but a Ph.D. is not required, or who want to prepare for a Ph.D. program. We emphasize econometric training more than similar programs at other universities. Strong quantitative skills and mastery of microeconomic and macroeconomic theory are becoming common requirements for current economics employment opportunities and Ph.D. programs. UMaine’s teaching and research strengths in economic theory and quantitative methods are well suited to helping students excel at these requirements. In fact, we hear regular feedback from employers on how well-prepared our MS students are for the rigors of quantitative analysis in government and industry.

Master of Arts in Economics

This program is well-suited for students who want to prepare for a career in economics where additional advanced econometrics training is not as strong of a requirement and/or students want additional freedom for more electives. Graduates excel in public and private sector positions requiring advanced analytical skills, knowledge of economic systems and methods, and experience conducting economic analyses of policy issues. Many students combine the MA program with an internship with a government agency or private business, which has the potential to lead to a job after graduation.

Dual Degree in Global Policy and Economics

In addition, the School of Economics offers a dual degree program with the School of Policy and International Affairs in Global Policy and Economics and is intended for students interested in the application of economics and policy in an international setting. The course of study is normally three years. It leads to two master’s degrees: one in Global Policy (with a concentration in either International Trade and Commerce or International Environmental Policy) and one in Economics. Find more information about the dual degree offering on the SOE website.

Admission Requirements

Acceptance into the School of Economics graduate programs is competitive. An undergraduate degree in economics or a related field is desirable but is not essential for admission to this program. The School of Economics is much more concerned with the applicant’s capacity for graduate study, quantitative reasoning, and the quality of previous work. The successful applicant has a strong academic record and outstanding recommendations. Graduate degrees in the School of Economics require some training in economics and quantitative methods; students are required to complete the following prerequisites before entering the graduate program.

  • Required
    • Intermediate Microeconomic Theory (ECO 350)
    • Intermediate Macroeconomics (ECO 321)
    • Statistics (STS 215 or 232)
    • Calculus I (MAT 126)
  • Strongly Recommended
    • Calculus II (MAT 127)
    • Calculus III (MAT 228)
    • Linear Algebra (MAT 262)
    • Mathematical Economics (ECO 480)
    • Econometrics (ECO 485)
    • Computer programming experience (e.g. R, Matlab, Python)

Degrees offered: MA, MS

Program Format: On Campus

Application deadline: January 15 preferred date for assistantship consideration, rolling if space is available (Fall) / November 15 (Spring)

Test Required: None

Contact: Sharon Klein

Contact Email: sharon.klein@maine.edu

Program Website: Economics

Accelerated Program Information for UMaine Undergraduates

Major Pathways: Economics Majors, Financial Economics Majors

Accelerated Program Deadline:

End of sophomore year or beginning of junior year