Economics, MS

Head of the Department: Martin Perry
Associate Head: George Deltas
214 David Kinley Hall
1407 W. Gregory Dr.
Urbana, IL 61801
(217) 333-0120
Fax: (217) 244-6571

Major: Economics
Degrees Offered: M.S., Ph.D.
Graduate Concentration: Policy Economics (M.S. only)

Graduate Degree Programs

The Department of Economics offers graduate programs leading to the Master of Science in Policy Economics and Doctor of Philosophy degrees. The candidate for a Ph.D. may specialize in the following fields:

  • microeconomic theory
  • public economics
  • macroeconomic theory
  • international economics
  • labor economics
  • development economics
  • mathematical economics
  • econometrics
  • industrial organization

The department is not admitting students to the M.A. at this time.


Admission to the Ph.D. program is available only for the fall semester. In addition to the standard undergraduate preparation in economics, students are expected to have had at least two semesters of calculus and one of linear algebra to be admitted to the Ph.D. program. The results of the Graduate Record Examination (GRE) should accompany applications for admission. Graduate College admission requirements apply. In addition, international students must submit Test of English as a Foreign Language (TOEFL) or IELTS results; if they wish to apply for a teaching assistantship, the Test of Spoken English (TSE) or completion of the speaking section of the TOEFL-iBT or IELTS is also required.

Graduate Teaching Experience

Experience in teaching is considered an important part of the graduate program and is encouraged as part of the academic work of all Ph.D. candidates in this program.

Financial Aid

In recent years, the Department of Economics has been able to offer assistantships to most students who meet the standards for admission or continuation in the Ph.D. program. In order to qualify for a teaching assistantship, non-native speakers of English must pass a speaking proficiency test of the English language.

Degree Requirements for the Policy Economics program can be found here

ECON 530Microeconomic Theory I4
ECON 533Microeconomic Theory II4
ECON 531Macroeconomic Theory I4
ECON 534Macroeconomic Theory II4
ECON 532Econometric Analysis I4
ECON 535Econometric Analysis II4
Four electives, at least two of which are in economics16
Total Hours40

Other Requirements1

A concentration is not required.
Minimum 500-level Hours Required Overall: 40
Minimum GPA: 3.0