Graduate Catalog
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Economics

WILLIAM T. SMITH, PhD
Chair
Room 400, Business Building
(901) 678-2785

ALBERT OKUNADE, PhD
PhD Program Coordinator
Room 450, Business Building
901) 678-2672
aokunade@memphis.edu

ANDREW HUSSEY, PhD
Master’s Program Coordinator
Room 423, Business Building
(901) 678-1487
ajhussey@memphis.edu

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

  1. 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.)
  2. 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.

  1. 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.
  2. 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 undergraduate degree.

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


ECONOMICS (ECON)

NOTE: Students taking Business courses will be charged an additional $30 per credit hour.

In addition to the courses below, the department may offer the following Special Topics courses:
ECON 6760–69. Special Topics in Economics. (1-3). Topics vary; may be repeated when topics change. PREREQUISITE: Permission of department chair.

ECON 7940-49–8940-49. Special Topics in Economics. (1-3). Special areas of economics not otherwise included in the curriculum. Consult the online class listings.