For those of you who want to do a Master’s degree in economics, this series of articles will provide you with basic information about pursuing the degree from some universities in the US.
In this particular article, the first of the series, we look at the University of Illinois at Urbana-Champaign and tell you about the program MSPE (Master of Science with specialization in Policy Economics) that they offer.
This program is especially intended for administrators who are either in the government or in private organizations, or for students who want to take up jobs requiring abilities and role in policy making and implementing in the future. Students from both developed as well as developing countries are encouraged to participate in this program.
The MSPE program intends to give extensive training in the fields of economic analysis, policy economics (as the name of the program itself suggests) and quantitative abilities required in the field of economics.
Naturally, whether you are a student or a working professional, after the completion of this program you will have greater opportunities open up for you in the field than you had before you participated in the program.
One very important component of the MSPE program at the University of Illinois at Urbana-Champaign is that it encourages students to pursue a doctoral program (PhD) in economics after the completion of the Master’s program. However, not all students may have the need or desire for it.
The MSPE program informs the students whether they whould be able to pursue a PhD degree or not, that is, whether it is withing their reach and abilities, as also career requirements.
The MSPE program provides the option of specialization in one of 12 different areas. These include advanced econometrics, development economics, health economics, international economics, economic policy, public economics, labor economics, law and economics, environment and natural resources, monetary economics, industrial organization and urban and regional economics.
The number of faculty members in the Department of Economics at the University of Illinois at Urbana-Champaign exceeds 40. The faculty-student ratio comes out to be one faculty member for every 3.4 students.
The minimum requirements for the MSPE program are that the applicant must have a Bachelor’s degree from an accredited university with at least a Grade Point Average of ‘B’. The GRE score is an optional requirement. You also have to provide at least three letters of recommendation and the academic transcripts for your bachelor’s degree.
The total course fee for US citizens and permanent residents is about $ 54,657. The university doesn’t generally provide any financial assistance to students of this program.
For more information you can visit the official program page at the University of Illinois at Urbana-Champaign’s website at http://www.mspe.uiuc.edu/index.shtml.