For current Purdue undergraduate students in a STEM discipline, the MS in Economics degree program offers a combined-degree option. The combined degree program allows undergraduate students in Engineering (AAE, CE, ChE, ECE, IE, or ME), in Mathematics, in Statistics, or in Computer Science to not only complete their undergraduate degree but also make progress toward the completion of the MS degree in Economics while at Purdue. This path can be particularly attractive to Purdue STEM majors who already have plans to obtain a Minor in Economics as undergraduate students.
The Advantages of the Combined Degree The value to pursuing this combined-degree program is that it allows a student to count 9 graduate credit hours in Economics not only toward fulfilling the total credit requirements for the STEM BS degree and toward fulfilling a minor in Economics (if he or she so chooses), but also toward the 30-credit requirement for the MS degree in Economics. A Purdue STEM undergraduate student, on graduating from Purdue with his or her BS degree (typically with a minor in Economics), will then have the option of completing the remaining 21 credit hours of courses for the Purdue MS degree in Economics while employed by taking online courses over the following two years.
The MS degree in Economics provides STEM students who already possess strong quantitative background with decision-making skills. Success in decision making can be developed by combining the general theoretical framework of Economics with Econometric tools. If one pursues the applied economics/business concentration, additional courses will build on core Economics theory and Econometrics courses by developing specific applications of the analysis in business settings. If one pursues the advanced theory concentration, additional courses will build on the core material by offering more in-depth theoretical modeling skills.
Admission Requirements and Process As an undergraduate, a student considering the combined BS/MS degree should take the following three courses (ECON 51100, ECON 51200, and ECON 56200). Once these three courses are completed, the student can apply for admission into the MS degree program. Students who perform at a sufficiently high level (GPA of B or higher in the three graduate level economics courses and no grade lower than a B-) and who also have an overall Purdue GPA of B or higher at the time of application will be granted admission into the MS degree in Economics Program. Students with an overall Purdue GPA below a B will be considered for admission on a case-by-case basis.
Plan of Study The easiest way to develop a plan of study for the proposed combined degree is to create a schedule that uses your elective courses to obtain a minor in Economics. Click on the following link for the requirements for a minor in Economics: Minor in Economics Then simply make sure that the three upper division Economics courses required for the minor are ECON 51100, ECON 51200, and ECON 56200. Such courses can be taken as "general education electives", "free electives" or "minor electives" during your junior and senior years. Note that Econ 51100 and 56200 are offered each fall semester and Econ 51200 is offered each spring semester.
The first three MS degree courses listed in the table below are the courses a student can take while pursuing his or her BS degree in a STEM discipline. As noted above, these three courses also can fulfill the upper division course requirements for an (optional) Minor in Economics as part of the BS degree. These three courses also satisfy 9 of the 30-credit-hour requirement for the MS degree in Economics.
On graduating Purdue in the spring, the student has two options. One is an "online" option that involves resuming study for the MS degree the following spring semester online. This allows the fall semester after graduation to be a period when the graduated (and employed) student adjusts to his or her new position before resuming the pursuit of the MS degree on a part-time (online) basis. A sample plan of study for this online option follows:
A second option on graduating Purdue is to continue the MS program in Economics in the context of the hybrid program. This program requires the student to come to campus for a year, and would start in the fall semester. Having completed 9 credit hours, the student would then complete the remaining 21 cedit hours during the following academic year as a full-tiime graduate student in residence at Purdue. See the description of the hybrid program for more details.