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MA ECON Overview

 

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Goal 1:  The student will acquire a strong base in theoretical economic analysis.
  • Acquire the mathematical tools that are necessary for the understanding of theoretical economic analysis.
  • Formulate and solve optimization exercises.
  • Acquire a graduate level comprehension of microeconomic and macroeconomic theory.
  • Analyze real world situations utilizing microeconomic and macroeconomic theoretical concepts.

Goal 2:  The student will acquire discipline specific knowledge.

  • Demonstrate mastery of microeconomic theory including the theory of the firm, household behavior, market structure, information and uncertainty.
  • Demonstrate mastery of macroeconomic theory including economic fluctuations and growth and macroeconomic policy.
  • Demonstrate mastery of basic econometrics including classical regression and problems arising from violation of the classical assumptions.

Goal 3:  The student will acquire high-level empirical skills.

  • Understand basic econometric modeling techniques.
  • Be proficient with contemporary econometric software.
  • Know how to interpret economic data and where to find relevant data by using appropriate technology.
  • Develop and estimate economic models, test economic hypothesis, and perform basic forecasting tasks.

Goal 4:  The student will be able to communicate economic concepts effectively.

  • Describe the historical underpinnings of modern economic theory.
  • Present results of empirical analysis and their implications.
  • Demonstrate ability to synthesize modern economic micro and macro theory to address real-world issues.
  • Create a well-organized paper on a relevant economic topic.


 

Assessment - Fogelman College of Business and Economics - The University of Memphis