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FAQs | Online MS Economics

Answer: Indiana residents: $30,564; Non-Indiana residents/International: $32,064

*Cost subject to change. Includes fees.

Answer: All course material is accessible online, and thus you have flexibility in determining specific times for reviewing class material. The timing of exams, especially final exams, and the completion of homework assignments are typically synchronized. Some courses may have optional synchronous sessions.
Answer: Online economics MS programs are not common, especially among Tier I Research Universities, so direct comparisons with the costs of other online economics programs are limited. The cost ($1,075 per credit hour) is similar to the online Engineering MS degree programs offered by Purdue.  On a per-credit basis, our fees are similar to existing MS degree programs in Economics offered on campus at top Research Universities.
Answer: Yes, a $1,000 nonrefundable deposit will be required upon acceptance.
Answer: A GRE or GMAT test is not required.  Students with good credentials in any discipline may apply to the master’s program. We expect students to have demonstrated good performance in mathematics and statistics courses during their previous studies. Students are expected to complete an application and provide undergraduate transcripts (minimum GPA 2.7). Applicants are evaluated by a committee. 
Answer: A TOEFL test is not required. However, evidence of fluency in English is required of applicants whose native language is not English. Online interviews will be conducted by our administrators to verify that these requirements are met.
Answer: Yes, we will seriously consider students completing the MS program for our Ph.D. program, particularly students who have completed the advanced theory concentration area, which requires one year of on-campus study.  Given we have good information on such students, students who perform well in the MS program will have significantly higher chances of being accepted into our resident (and fully-funded) Ph.D. program.
Answer: No. The Krannert Online MS Economics program does not currently accept transfer credits.
Answer: If requested to interview, you will be invited by an admissions representative through email which will include details regarding the interview process.

Answer: Applicants are required to complete 3-5 video essay questions. This helps us get to know you a little better and gain insight that cannot be gained in a written application. A unique link to the KIRA platform is provided in the application portal once your application is submitted. Please plan to complete all components prior to your preferred application deadline in order to be considered for admission. The KIRA video interview/essay is considered part of the application for admission; admissions interviews are separate and by invitation only.

Online (KIRA) Video Interview can be accessed by logging in 24 hours after you submit your application. Your application will not be reviewed without the Video Interview.

Answer: Currently, all domestic individuals will automatically receive an application fee waiver. A nonrefundable application fee of $75 (U.S. dollars) for international applicants is required when applying to graduate programs at Purdue University. The application fee must be paid by credit card at the end of the application process.  If the web application has already been submitted, you may go to the "Check Status of Submitted Application" and select the "Pay Via Credit Card" button.

The Graduate School of Purdue University provides information on application fee waivers.

Answer: Classes typically run 8 weeks in length (½ semester = 1 module) except for project courses and some specialty electives. Each traditional semester is comprised of two (2) eight-week modules.
Answer: Students will find that the online MS Economics program allows them to maintain their full-time job, spend time with their family, and still pursue a degree.
Answer: The program will launch with virtual online orientation sessions prior to the program start date.
Answer: Both options are available to qualified Krannert Online MS Economics students.  A FAFSA is required by Purdue’s Office of Financial Aid.  Students need to be registered for a minimum of 4 credit hours per semester to take advantage of OFA services.

Answer: The courses range from 1-3 credit hours. We recommend planning on 4-6 hours of time per credit hour. This amount will vary week-by-week depending on your previous knowledge and/or experience with the subject material.

Answer: Yes, although due to the flexibility of the online environment some staff and faculty may not always be located on the main West Lafayette campus. All instructors in the Online MS Economics program will be Purdue instructors. In addition, MS Economics students will have access to a dedicated Academic Advisor and a Success Coach during their enrollment in the program. Your Academic Advisor will communicate the registration process and will ensure that you are enrolled for all your courses and will communicate all academic requirements and engage with students on a regular basis. Your Success Coach will provide individualized touchpoints for you to help ensure your academic progress in the program. Your Success Coach will work together with existing campus resources to best identify needs for all Online MS Economics students as needed.
Answer: Your diploma is awarded by Purdue University, West Lafayette as a degree in Master of Science in Economics.  Neither your degree nor your transcripts will indicate that the degree was earned online.