Graduate Studies

Quantitative Economics

Please refer to the Quantitative Economics graduate program section for information including departmental contact information, list of graduate faculty members, program description, and course descriptions.

Requirements for Enrollment

Undergraduate Economics students may apply for admission to the Integrated Baccalaureate and Master of Science Degree Program after completing 60 semester hours of undergraduate coursework, of which a minimum of 30 s.h. must be at Western Illinois University. Applicants must have either a minimum cumulative and major GPA of 3.25 or a minimum cumulative GPA of 3.0 with a minimum 3.3 GPA in the last 30 hours earned at WIU.

Integrated Degree Program Description

Students in the integrated program are allowed to use nine semester hours of B-level and 500-level Economics and Decision Sciences classes to satisfy either the Bachelor of Arts in Economics and the Master of Science in Quantitative Economics or the Bachelor of Business in Economics and the Master of Science in Quantitative Economics degree.

Integrated Degree Program Requirements

Up to nine hours of the following bridge courses may count in both the undergraduate degrees and the Master’s degree in Quantitative Economics:  ECON 581B, ECON 500B, ECON 502B, ECON 503B, ECON 504B, ECON 506B, ECON 507B, or up to three 400B elective course in Economics or Decision Sciences. The exact bridge courses are determined by the student’s undergraduate and graduate advisor. Students are strongly encouraged to use ECON 581B and/or ECON 503B as one or more of their bridge courses. If taken after the undergraduate degree has been completed, those courses should not be taken with the “B” designator.

I. Core Courses: 15 s.h.

Macroeconomic Theory

ECON 500/500B Macroeconomic Theory and Policy (3)

Microeconomic Theory

ECON 504/504B Price Theory (3)

Quantitative Economic Techniques

ECON 506 Econometrics I (3)
ECON 581 Advanced Mathematical Economics (3)
DS 490G Statistical Software for Data Management & Decision-Making (3)

II. Select one of the following exit options: 15 s.h.

A. Thesis

Electives (9)
ECON 600 Thesis Research (3)
ECON 601 Thesis (3)

B. Internship

Electives (12)
ECON 599 Internship (3)

C. Non-Thesis/Non-Internship

Electives (12)
*ECON 507 Econometrics II (3)

III. Required Assessment Exam (0)

ECON 603 Comprehensive Examination (0)

IV. Department Research Seminar

ECON 602 Department Research Seminar, 2 semesters (0)


*To satisfy non-thesis research requirement, must be taken after at least one microeconomic and one macroeconomic core course has been completed.