fbpx

Economics: Graduate Foundations MS

Master of Science in Economics

Professor pointing to equation on blackboard

With an emphasis on econometrics, a master’s degree in economics from UW–Madison prepares you for a high-level professional career or PhD program.


Is this program right for you?

The UW–Madison Department of Economics created the accelerated master’s degree program in economics to serve students who fall into three categories: those whose undergraduate major was not economics but who have since become interested in the field; those considering a PhD in economics who want preparation as well as access to programs and credentials; and those seeking valuable employment credentials but who may not be well-suited to an economics PhD.

The UW–Madison Department of Economics is renowned for our expertise in econometrics. We put far greater emphases than do other schools on providing you with a strong foundation in econometrics—the skills you will most commonly use in the job market or as a PhD student. You will also acquire a deep understanding of economics, analytical thinking, and statistical analysis.

Most of our students complete their master’s in economics in four semesters. You take seven courses in microeconomics, macroeconomics, and econometrics, and select three elective courses based on your academic or career goals. Our students are not required to complete a thesis project.

Whether you head directly into the workforce or go on to pursue a PhD, UW–Madison equips you with the sophisticated theoretical and quantitative skills you need to succeed as an economist.

Is this program right for you?

The UW–Madison Department of Economics created the accelerated master’s degree program in economics to serve students who fall into three categories: those whose undergraduate major was not economics but who have since become interested in the field; those considering a PhD in economics who want preparation as well as access to programs and credentials; and those seeking valuable employment credentials but who may not be well-suited to an economics PhD.

The UW–Madison Department of Economics is renowned for our expertise in econometrics. We put far greater emphases than do other schools on providing you with a strong foundation in econometrics—the skills you will most commonly use in the job market or as a PhD student. You will also acquire a deep understanding of economics, analytical thinking, and statistical analysis.

Most of our students complete their master’s in economics in four semesters. You take seven courses in microeconomics, macroeconomics, and econometrics, and select three elective courses based on your academic or career goals. Our students are not required to complete a thesis project.

Whether you head directly into the workforce or go on to pursue a PhD, UW–Madison equips you with the sophisticated theoretical and quantitative skills you need to succeed as an economist.

Admissions requirements

All applicants must:

  • Have a bachelor’s degree from an accredited college or university or its equivalent.
  • Have completed college-level economics (minimum courses in introductory microeconomics, introductory macroeconomics, and intermediate microeconomics) and three semesters of calculus and linear algebra.
  • Non-native English speakers must have a Test of English as a Foreign Language (TOEFL) score of 92 (internet version) or better.

Ideal applicants will have completed the following undergraduate coursework:

  • One semester of introductory microeconomics
  • One semester of introductory macroeconomics
  • One semester of intermediate microeconomics
  • Total of three semesters of calculus and linear algebra

Application materials required:

  • Online application
  • Resume/CV
  • Statement of purpose
  • Transcripts
  • Three letters of recommendation
  • Writing sample
  • Math preparation form (PDF or Word version)

Connect with us

Meet the Program Director: Engineering Management

April 11
noon-12:30 p.m.
Join Program Director Heather Smith for an in-depth conversation about the Engineering Management MS program including curriculum, application process and potential career paths.
Register for Meet the Program Director: Engineering Management

Coffee & Conversation: Information MS (Application Assistance)

May 21
8-9 a.m.
Learn about the MS in Information program and application best practices. You’ll leave knowing what you need, and how to successfully apply.
Join Zoom Session!

View all events

Program highlights

  • Our master’s program is industry-focused and accelerated, so you earn your degree in just two years.
  • The UW–Madison Department of Economics is renowned for our expertise in econometrics. We put far greater emphases than do other schools on providing you with a strong foundation in econometrics—the skill you will most commonly use in the job market.
  • No thesis required! You focus on gaining professional skills, not writing a research paper.

How you'll learn

  • Four semesters (fall and spring) of full-time study on campus to earn your degree.
  • Move through the program with a cohort of students.
  • Complete your courses in a precise sequence, and select the electives that suit your professional goals.

Sample curriculum

Year 1

Fall Semester

  • Mathematical Economics
  • Microeconomics I
  • Econometrics I

Spring Semester

  • Macroeconomics I
  • Econometrics II
  • Microeconomics II

Year 2

Fall Semester

  • Applied Econometrics
  • Advanced electives or PhD-level courses

Spring Semester

  • Advanced electives or PhD-level courses

Advanced Electives Include

  • International Trade Policy
  • Economic Forecasting
  • Markets with Frictions
  • Behavioral Economics
  • Economics of Growth
  • Intro to Dynamic Economics
  • Game Theory & Economic Analysis
  • Economics of Education
  • Economics of Health Care
  • Mathematical Economics II
  • Population Economics
  • Advanced International Trade
  • Issues-International Finance
  • Macroeconomic Policy

Ready to learn more about Economics: Graduate Foundations MS?
View the UW-Madison Guide

Stay in touch

Sign up to receive application tips and deadline reminders.

Connect with our enrollment coaches

Our friendly, knowledgeable enrollment coaches are here to answer your questions. Contact an enrollment coach to:

  • Learn how to make this program work with your life/schedule
  • Get help with your application
  • Determine if financial aid is available

Visit with our coaches on campus or at an upcoming student fair in your area. Search student fairs & events.

Connect with a coach