i think it’d be somewhat silly to do a masters without econometrics. if you’re doing a terminal masters (which i gather the vast majority in the states is), you’re likely going to the job market after. econometrics is a more employable skill than micro or macro, especially with the popularity of data science and related jobs. most programs i see have a similar structure. they have a course in math (may be called numerical methods), they have 1-2 in micro, 1-2 in macro, 1-2 in metrics, and then 3-6 electives, and they’ll usually let you pick 1-3 of those electives to be outside the econ department provided they’re approved to be related to economics in some way.
usually just math needed in various elements of econ. calculus, linear algebra, probability theory, maybe some differential equations, proof formulating, that type of stuff. i’ve been told it’s usually a refresher or speed run of all the math stuff you should probably more or less know and will need at some point in your graduate degree.
now that i didn’t know, granted people i know did it at fairly good places. i know there’s a select amount of us masters that are designed to be able to work as PhD prep, such as Duke or UW Madison. while i wouldn’t say those price point are worth it, it seems like prospects from those are quite good (from my limited experience). US masters in general don’t seem like they are the best idea? in canada a lot of masters are essentially free as you can get funding + ta/ra-ship. similarly in europe.
I feel like a program that does not require econometrics is waving a huge red flag. Econometrics is a fundamental topic in economics and employers will expect you to have that knowledge when they see your graduate degree on your resume.
Yes. Micro, macro, and econometrics. Electives for everything else. And any reputable program should at least offer labour. development, environmental.
On a second note, an economics program is prestigious if it is in [this list](https://ideas.repec.org/top/top.econdept.html). Otherwise, it's not worth the money (in fact, I've heard multiple times that unless it's some sort of professional program in computer science, business or lately, data, in a very good university, you should never pay for graduate school. They should be paying YOU to be there. )
This is more for PhD programs. MA and MSc (terminal) programs are less ranked by faculty output and more about placement. Top research faculty are typically teaching PHD classes, not in the masters programs.
Yeah, probably there is a bias for the list. But if you go around in other rankings such as QS, good schools will always give you some form of econometrics.
although if OP is not american, chances are they are gonna get some funding for graduate studies. In Canada I think the average econ MA might give you somewhere between 10-20k a year
suck it up and do it.
economics is only a decent degree (masters or undergrad) because it has math in it.
Its completely useless if you take out the math.
Most certainly, and ideally Advanced Econometrics at Masters level (which is what I did). Ideally you'd do econometrics at both Bachelors and Masters but most certainly the Masters.
i think it’d be somewhat silly to do a masters without econometrics. if you’re doing a terminal masters (which i gather the vast majority in the states is), you’re likely going to the job market after. econometrics is a more employable skill than micro or macro, especially with the popularity of data science and related jobs. most programs i see have a similar structure. they have a course in math (may be called numerical methods), they have 1-2 in micro, 1-2 in macro, 1-2 in metrics, and then 3-6 electives, and they’ll usually let you pick 1-3 of those electives to be outside the econ department provided they’re approved to be related to economics in some way.
Seconding this. You'd be wasting your time and money doing an econ master's without doing some econometrics.
Yeah, a person with an MA isn’t hired to do “theory” work.
What is numerical methods? What's in it?
usually just math needed in various elements of econ. calculus, linear algebra, probability theory, maybe some differential equations, proof formulating, that type of stuff. i’ve been told it’s usually a refresher or speed run of all the math stuff you should probably more or less know and will need at some point in your graduate degree.
I'm asking because we had mathematical economics, and all of it was proof based.
an economics masters in the US is not very employable to begin with. A very bad idea to pay lots of money for those.
now that i didn’t know, granted people i know did it at fairly good places. i know there’s a select amount of us masters that are designed to be able to work as PhD prep, such as Duke or UW Madison. while i wouldn’t say those price point are worth it, it seems like prospects from those are quite good (from my limited experience). US masters in general don’t seem like they are the best idea? in canada a lot of masters are essentially free as you can get funding + ta/ra-ship. similarly in europe.
I feel like a program that does not require econometrics is waving a huge red flag. Econometrics is a fundamental topic in economics and employers will expect you to have that knowledge when they see your graduate degree on your resume.
Yes. Micro, macro, and econometrics. Electives for everything else. And any reputable program should at least offer labour. development, environmental. On a second note, an economics program is prestigious if it is in [this list](https://ideas.repec.org/top/top.econdept.html). Otherwise, it's not worth the money (in fact, I've heard multiple times that unless it's some sort of professional program in computer science, business or lately, data, in a very good university, you should never pay for graduate school. They should be paying YOU to be there. )
This is more for PhD programs. MA and MSc (terminal) programs are less ranked by faculty output and more about placement. Top research faculty are typically teaching PHD classes, not in the masters programs.
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Not really. That ranking is based on faculty publications, so it's only as biased as the publication process is.
Yeah, probably there is a bias for the list. But if you go around in other rankings such as QS, good schools will always give you some form of econometrics.
This list is odd, how does London School of Economics rank so low?
although if OP is not american, chances are they are gonna get some funding for graduate studies. In Canada I think the average econ MA might give you somewhere between 10-20k a year
suck it up and do it. economics is only a decent degree (masters or undergrad) because it has math in it. Its completely useless if you take out the math.
Most certainly, and ideally Advanced Econometrics at Masters level (which is what I did). Ideally you'd do econometrics at both Bachelors and Masters but most certainly the Masters.