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M.S. in Quantitative Economics

Our fundamental philosophy is quite simple: economists can perform rigorous analyses of fundamental questions, including traditional questions (such as labor supply, social security, educational and tax reform), and newer issues that are central to business management (such as firm decision making with strategic rivalry, incentive contracts and firm organization, auctions and auction design). The last ten years have seen a virtual explosion in our ability to describe such problems in a theoretically coherent manner and then to use modern computational techniques to apply the theory to data. We have world-class faculty and their techniques are becoming the standard toolkit of professional economists. The M.S.Q.E. lets you develop valuable skills that are in high demand, as we demonstrate below.

Curriculum

First Term of M.S.Q.E. Program (Fall of Senior Year)

Microeconomic Analysis.  
A rigorous course in graduate level price theory, based on the text by Mas-Colell, Whinston and Green.
Mathematics for Economists.   Coverage of basic mathematical techniques for economics, including real analysis, topology and techniques of constrained optimization.
Numerical and Computational Methods.   Numerical solution of dynamic economic models.
Second Term of M.S.Q.E. Program (Spring of Senior Year)

Macroeconomic Analysis.   Introduction to the neoclassical growth model and extensions, based on the first several chapters of the Stokey and Lucas text.
General Equilibrium Theory and Macroeconomic Dynamics.   Multi-sector stochastic growth model (based on later chapters of Stokey and Lucas), and equilibrium dynamics in stochastic overlapping generations economies.
Econometrics of Dynamic Economic Models.   Generalized method of moments estimation, time-series analysis and analysis based on simulated data.
Summer after Senior Year

Research Internship
ThirdTerm of M.S.Q.E. Program

Advanced Quantitative Economics
Game Theory and Theory of Contracts
Introduction to Professional and Technical Writing
1 elective
Fourth Term of M.S.Q.E. Program

Applied Microeconomics
Master’s project
2 electives

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