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MA in Economics

Course Description

The Department of Economics offers a broad and critical approach to the study of economics, covering a wide range of schools of thought, including Keynesian and post-Keynesian economics; the classical political economy of Smith, Ricardo, and Marx; structuralist and institutionalist approaches to economics; and neoclassical economics. The courses of study emphasize the historical roots of economic ideas, their application to contemporary economic policy debates, and conflicting explanations and interpretations of economic phenomena, within the context of a rigorous training in the conceptual, mathematical, and statistical modeling techniques that are the common methodological basis of contemporary economic research. The department's work centers on the changing shape of the world economy, its financial markets and institutions, problems of regulating and guiding economic development in the advanced industrial world and in emerging markets, complexity in economic systems, labor markets, and the economic aspects of class, gender, and ethnic divisions.

The aim of the Department of Economics is to put what Robert Heilbroner called "the worldly philosophy"—informed, critical, and passionate investigation of the economic foundations of contemporary society—at the heart of the educational and research enterprise. This engagement with the central unresolved dilemmas of modern society motivates the detailed analysis of concrete problems of economic policy and the explanations of economic phenomena that are the substance of the department's degree programs.

MA in Economics
The master of arts program provides depth of knowledge and analytical skills in the field of economics with the flexibility of a wide range of elective choices, allowing each candidate to shape an individual concentration, such as economics and finance, classical political economy, interdisciplinary political economy, urban economics, or development economics.

A total of 30 credits is required for the MA in economics. A maximum of three credits may be transferred from other institutions. Students may apply for transfer credits after completing six credits at The New School for Social Research. All courses are for three credits.

Course Requirements
The master of arts program consist of four core courses; five elective courses, up to three of which could be taken in other departments of The New School for Social Research or at the Milano School of International Affairs, Management, and Urban Policy; and an internship or mentored research. There is no written examination for the MA in economics, which is awarded for successful completion of the required credits.

Four core courses:
- GECO 6190 Graduate Microeconomics
- GECO 6191 Graduate Macroeconomics
- GECO 5104 Historical Foundations of Political Economy I
- GECO 6181* Introduction to Econometrics
With the agreement of the MA faculty advisor, candidates with a strong background in economics may substitute appropriate upper-level courses for these core requirements.
*GECO 6189, Mathematics for Economics, or the approval of the instructor is a prerequisite to GECO 6181.

Five electives
Of the five elective courses required for the MA in economics, two must be taken from the courses offered or cross-listed by the Economics department, and three may be courses at the graduate level offered by other departments of The New School for Social Research or at Milano School of International Affairs, Management, and Urban Policy. The student's faculty advisor must approve the elective program.

Internship or Mentored Research
GECO 6198 Internship (arranged with MA faculty advisor) or
GECO 6993 Mentored Research

Entry Requirements

A bachelor’s degree from an accredited American college or university, or the equivalent degree from a foreign college or university.

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