Dr. Timothy Gronberg, Department Head :: 3035 Allen, College Station, TX 77843 :: (979) 845-7351 :: (979) 847-8757 fax
Wednesday, July 23rd, 2014 :: 12:35 AM
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Master of Science in Economics

We are now accepting applications for our newly restructured M.S. program with a concentration in Financial Economics and Financial Econometrics.

The Department of Economics at Texas A&M University has a long tradition of excellence in both teaching and research. In the most recent ranking by Tilburg University (2005-2009), we rank 34th among all economics departments in the United States (https://econtop.uvt.nl/rankingsandbox.php). The Department has operated a terminal Masters of Science degree program since 1931. In September, 2009, the department decided to place a moratorium on admissions to this program and to begin a serious program review. The Department of Economics is pleased to announce that it has completed its program review, and we are now accepting applications for the newly restructured M.S. program for the 2011-2012 academic year.

This newly restructured masters program has two foci: financial economics and financial econometrics. Students in this program will receive rigorous training to prepare them for careers in business or government. Students will also be positioned for further study in top economics and finance PhD programs.

The new M.S. with a concentration in financial economics and financial econometrics is offered as a non-thesis option degree. Non-thesis students are required to complete 36 credit hours. All masters students must stand for an oral exam in the final semester of their studies.

The course structure for the program includes a set of core courses in microeconomics, macroeconomics, and econometrics, a sequence of courses in financial econometrics and financial economics, and a capstone course that will provide students with experience in carrying out an applied research project.

Preliminary Course Schedule


  • Microeconomics (core)
  • Monetary and Open Economy Macro Economics (core)
  • Financial Economics and Investment (core)
  • Forecasting (core)


  • Financial Decision Making under Risk (core)
  • Econometrics in Financial Markets ECMT 680 (core for financial econometrics, elective for financial economics)
  • Economics in Financial Markets (core for financial economics, elective for financial econometrics)
  • Options and Futures Markets (elective)


  • Behavioral Finance (core)
  • Strategies of Multinational Corporations (core for financial economics, elective for financial econometrics)


  • Economic Analysis of Financial Data (core for financial econometrics, elective for financial economics)
  • Energy Markets, Finance, and Policy (elective)
  • Capstone (core)

Other Elective Courses

  • E-Commerce: Auctions, Contracts, and Exchanges
  • Rural Financial Markets
  • Mathematics of Finance
  • Numerical Methods in Partial Differential Equations
  • Law and Economics
  • International Finance
  • Investment Management
  • Derivative Securities

Note: all courses will have three credit hours. Students may substitute core courses with more advanced courses upon approval.


Texas A&M University is consistently ranked one of the Best Value Colleges in the country. Tuition and fees for the academic year 2010-11 are about $4,100 for residents and $7,800 for non-residents and international students per 12-semester credit hours. Completing the masters program requires 36-semester total credit hours. Note that tuition and fees may change for the 2011-2012 academic year. Please refer to http://finance.tamu.edu/sbs/ for detailed and up-to-date information on tuition and fees.

Bryan/College Station consistently ranks as one of the least expensive cities in the United States in which to live, and several nationwide rankings have listed Bryan/College Station among the best places to live in America. For example, the average 1-2 bedroom apartment ranges from $500-$600. The community offers many affordable and pleasant living, dining, and entertaining options and the University offers excellent recreational facilities plus athletic and performing arts events.

Background Requirements

An undergraduate major in economics is not a requirement, but students are generally expected to have taken some economics courses, including at least intermediate theory courses. Students should have a solid background in mathematics. It is expected that students will have at least completed courses in calculus, linear algebra, and mathematical statistics, but more math is generally considered better.

Please consult the Graduate catalog, or the Graduate Handbook on the Office of Graduate Studies web site (ogs.tamu.edu) for other requirements for the M.S. degree.

Required Application Materials

  • Go to the Application here.