Course of Study
To complete the MS-ECON program, students are required to successfully complete 15 courses (45 credits) offered in the program, of which 5 are electives courses in quantitative economics. There is no thesis option or requirement. There is also no required internship component, although students are free to participate in internships or other employment.
The program begins with a mandatory, intensive, two-week course on calculus, linear algebra, probability and statistics (our “math camp”) conducted in August, shortly before the formal program begins in the fall semester. The objective of math camp is to review the basic techniques used in economics and econometrics. No credits are granted for this course.
Full-time students take four required core courses – Microeconomics, Macroeconomics, Econometrics, and Data Analysis – in the fall semester of the first year. These core courses are prerequisites for the subsequent elective courses where the fundamental skills acquired in the core courses are employed. The electives cover a large range of quantitative and applied topics.
Students complete the required 45 credits by taking the four core courses, five electives in quantitative economics, and six electives in applied economics. The four core courses are taught in the fall of the first year, while the electives are taught in the remaining terms. A full-time student will typically take the four core courses in the fall term of the first year, four elective courses each in the spring term of the first year and the fall term of the second year, and three elective courses in the spring term of the second year. Courses are not available in the summer semester. The program can also accommodate part-time students.
The core courses are generally taught by full-time faculty members in the Department of Economics. Elective courses are typically taught by economists with academic expertise and professional experience in the relevant fields.
The fall semester at Georgetown University generally runs from late August to mid-December. The spring semester begins in early January and ends in early May. Classes meet for two and a half hours each week during evenings, late afternoons or weekends, to accommodate the needs of part-time and full-time students.