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Combined BS and MS Degrees

 

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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 up to 9 graduate credit hours in Economics toward fulfilling both the total credit requirements for the STEM BS degree and a minor in Economics, as well as the 30-credit requirement for the MS degree in Economics.  

Upon graduating from Purdue with a BS degree (typically with a minor in economics), STEM students 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. Alternatively, the additional courses can be taken in-class.

The MS degree in economics provides STEM students who already possess strong quantitative background with decision-making skills that can be developed by adding courses related to quantitative and empirical methods, including econometrics (big data, machine learning), statistical software applications (Stata, Matlab, EViews), modern computational and programming tools (Python), business forecasting, game theory, experimental economics, and other courses. Students can specialize in areas such as (I) Business Analytics, (II) Financial Economics, (III) Public Economics and Policy, and (IV) Advanced Theory (requires on-campus presence).

Admission Requirements and Process As an undergraduate, a student considering the combined BS/MS degree should take one or more of the following three courses: ECON 51100, ECON 51200, and ECON 56200.  Students planning on taking such courses should apply to the Purdue Graduate School for admission into the combined BS/MS degree program prior to completing the courses.  This means that the typical student should apply for admission at the end of his or her sophomore year or at the beginning of his or her junior year to take full advantage of the combined-degree program option.  Click on this MS Admissions link and follow the instructions to apply to the Purdue University Graduate School for admission into this BS/MS combined degree program.

Apply Admission for admission to Purdue University Graduate School The MS degree in economics provides STEM students who already possess strong quantitative background with decision-making skills that can be developed by adding courses related to quantitative and empirical methods, including econometrics (big data, machine learning), statistical software applications (Stata, Matlab, EViews), modern computational and programming tools (Python), business forecasting, game theory, experimental economics, and other courses. Students can specialize in areas such as (I) Business Analytics, (II) Financial Economics, (III) Public Economics and Policy, and (IV) Advanced Theory (requires on-campus presence).

In your application, use the "statement of purpose" requirement to indicate that you plan on completing the combined degree program. All undergraduate applicants from one of the STEM BS programs identified above will be admitted into this combined-degree program.  On graduating with a BS degree in one of the approved STEM programs, the student then has the option of completing the MS in Economics degree if the student performed at a sufficiently high level in the graduate-level Economics course taken (obtained an average GPA of B or higher in the graduate Economics courses taken while the student was an undergraduate).

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 minor in economics. Again, be sure that at least one or as many as three of the 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. These three MS degree courses can fulfill the upper division course requirements for an (optional) minor in economics as part of the BS degree as well assatisfy 9 of the 30-credit-hour requirements for the MS degree in economics. 

Upon graduating from Purdue, students have several options:

1)     Resume studying for the MS degree the following year online to complete the degree on a part-time basis while employed.

2)     Continue the MS program in economics in the context of the hybrid program, which requires the student to come to campus for a year and start in the fall semester. Having completed 9 credit hours, the student would then complete the remaining 21 credit hours the following academic year as a full-time graduate student in residence at Purdue.

3)     Continue the MS program in economics through the fully in-class program (available to domestic students only).