WILLIAM T. SMITH, PhD
Room 400, Business Building
ALBERT OKUNADE, PhD
PhD Program Coordinator
Room 450, Business Building
ANDREW HUSSEY, PhD
Master’s Program Coordinator
Room 423, Business Building
I. In the Department of Economics, qualified students may work toward the MA degree with a major in Economics or the
PhD degree in Business Administration with a concentration in Economics.
NOTE: Every graduate student must comply with the general requirements of the Graduate
School (see Admissions Regulations, Academic Regulations, and Minimum Degree Requirements) and the program requirements of the degree being pursued.
II. MA Degree Program
Program objectives are: (1) achievement of a solid foundation knowledge in economic
theory and economic analysis; (2) acquisition of an advanced level of knowledge in
either applied economics or academic economics; (3) acquisition of the quantitative
skills to effectively address research problems and the ability to make significant
professional contributions as a professional economist or within a functional area
of business; and (4) ability to compete effectively for professional positions in
the private or public sectors
A. Program Admission
- Satisfactory performance on the Graduate Record Examination (Satisfactory performance
on the Graduate Management Admission Test may be acceptable with approval of the coordinator
of the master's program.)
- Satisfactory undergraduate grade point average.
B. Program Prerequisites
Students should have successfully completed or complete ECON 3310, Microeconomic Theory;
ECON 3320, Macroeconomic Theory; SCMS 2710 and 3711, Business Statistics I and II
(SCMS 7020 is an acceptable substitute for SCMS 2710 and 3711); ECON 6810 or equivalent.
C. Program Requirements
Each candidate has the choice of taking a written, comprehensive examination or writing
a thesis at the end of course work. Regardless of which option is chosen, 15 hours
of the student’s course work must be devoted to the following: ECON 7120, 7300, 7310,
7320, and 7810.
- Examination Option: Each candidate must complete a minimum of 33 semester hours of
graduate course work, exclusive of MA program prerequisite courses and MBA Essential
Foundations courses. The 33 hours must include a minimum of 21 hours of approved course
work in Economics. The remaining 12 hours, with approval of the department graduate
advisor, may be taken in collateral courses. At least 24 hours must be in courses
designated for graduate students (7000 level or above). Each candidate must pass a
written examination in microeconomic theory and macroeconomic theory. A maximum of
two attempts within a year of the first attempt is permitted.
- Thesis Option: Each candidate must complete a minimum of 30 semester hours of graduate
course work, exclusive of MA program prerequisite courses, MBA Essential Foundations
courses, and Thesis Hours. The 30 hours must include a minimum of 18 hours of approved
course work in Economics. The remaining 12 hours, with approval of the department
graduate advisor, may be taken in collateral courses. At least 21 hours must be in
courses designated for graduate students (7000 level or above). Each student will
register for at least 3 hours (and not more than 6 hours), write and defend a thesis
under the guidance of a faculty committee. A student who fails to complete the thesis
after having registered for the maximum degree credit allowable must register for
thesis credit each academic semester until the thesis is completed. NOTE: Students
electing to write a thesis should familiarize themselves with the Thesis/Dissertation Preparation Guide before starting to write.
D. Accelerated M.A. Program in Economics
This program permits outstanding undergraduate majors in Business Economics (B.B.A.)
or Economics (B.A.) to begin coursework for the M.A. in Economics during their senior
year. Students interested in this accelerated program are encouraged to begin planning
for it early in their undergraduate careers, in consultation with both their undergraduate
advisor and the M.A. Coordinator of the Department of Economics.
To be accepted into the Accelerated M.A. Program, students must have a grade point
average of at least 3.25, and must submit two letters of reference and a copy of their
transcript to the Department of Economics. Each applicant will also complete an interview
with the M.A. Coordinator of the Department.
After being accepted into the program, the student will work closely with his or her
undergraduate advisor and the M.A. Coordinator in order to develop a carefully tailored
program of study so that he or she can begin work on the M.A. as they complete their
Students must also apply to the Graduate School for “combination status,” which allows
them to take graduate courses in Economics. To continue the Program once they have
completed the B.B.A or B.A., students must apply for full admission into the Graduate
School and into the M.A. Program in Economics.
Up to 9 hours of graduate coursework may be applied to both the Bachelor's and the
M.A. degrees in Economics.
III. PhD Program
The objective of the PhD in Business Administration with a concentration in Economics
is to prepare candidates for a successful academic or professional career in economics
and business. Through an intensive, advanced level training in both economics theory
and quantitative methods, students learn to conduct independent research and prepare
for various responsibilities of a professional career. The Economics Department has
an outstanding faculty with a strong orientation in applied as well as theoretical
research. For admission, program content, and financial aid information, see the departmental
website at: economics.memphis.edu/acad_index.html
NOTE: Students taking Business courses will be charged an additional $30 per credit
In addition to the courses below, the department may offer the following Special Topics
ECON 6760–69. Special Topics in Economics. (1-3). Topics vary; may be repeated when topics change. PREREQUISITE: Permission of department
ECON 7940-49–8940-49. Special Topics in Economics. (1-3). Special areas of economics not otherwise included in the curriculum. Consult the online