Program Director
Professor Ebenge Usip
306 DeBartolo Hall
(330)941-1682
eeusip AT ysu DOT edu
YSU School of Graduate Studies
Degree Programs
The department offers an M.A. in Economics and an M.A. in Financial Economics. Both programs are primarily designed for students who intend to seek employment after the completion of the degree. However, if supplemented by upper level courses in mathematics, the programs can also help prepare students for doctoral programs.
M.A. in Economics
The M.A. in Economics program is designed to provide students with a background in applied economics which would lead to professional employment in business, government, or education. Special emphasis is placed on the use of data analysis to investigate public policy issues and business decisions. A well prepared student may complete the MA degree in a single academic year by taking an additional course each semester and writing a thesis during the summer.
For the M.A. in economics students must complete 30 semester hours of graduate credit with a grade-point average of 3.0 or higher. The requirements for the degree include the following core courses plus three electives (3 s.h.). A thesis (6 s.h.) may be substituted for the research seminar and one three semester hour elective.
The core courses in the program include:
Economics 6904. Quantitative Methods (3 s.h.)
Economics 6912. Microeconomic Theory (3 s.h.)
Economics 6922. Macroeconomic Theory (3 s.h.)
Economics 6939. The Economics of Financial Markets and Institutions (3 s.h.)
Economics 6945. Public Finance (3 s.h.)
Economics 6976. Econometrics (3 s.h.)
Economics 6998. Research Seminar (3 s.h.) or
Economics 6999. Master's Thesis (6 s.h.)
Electives are 6900-level graduate courses offered by the department that are included in the M.A. program. One of the electives may be either a 5800-level economics swing course or a graduate level course taught outside the department that has been approved by the graduate director.
M.A. in Financial Economics
This program is designed to provide students with a background in applied economics and financial markets. The course-work covers micro and macro theory, econometrics, financial markets, management of financial capital and analysis of valuation of stocks. Graduates of the program will be prepared to work in banking, insurance, and financial advising.
For the M.A. in Financial Economics you must complete 30 to 37 semester hours of graduate credit with a grade point average of 3.0 or higher. Depending on the student's background, it is possible to waive FIN 6900 (Financial Accounting and Finance for Decision Making) and ECON 6904 (Quantitative Methods for Economics). Students can choose between writing a thesis and or taking a research seminar. Students who write a thesis must take one elective, students taking the research seminar must take two electives.
Core courses in the program include:
FIN 6900 Financial Accounting and Finance for Decision Making (4 sh)*
ECON 6904 Quantitative Methods for Economics (3 sh)*
ECON 6912 Microeconomic Theory (3 sh)
ECON 6922 Macroeconomic Theory (3 sh)
ECON 6939 The Economics of Financial Markets and Institutions (3 sh)
ECON 6976 Econometrics (3 sh)
FIN 6921 Financial Management (3 sh)
FIN 6924 Securities Analysis (3 sh)
FIN 6953 Advanced Financial Analysis (3 sh) or
FIN 6939 Multinational Accounting and Finance (3 sh)
*FIN 6900 may be waived for students with undergraduate coursework in finance and accounting, ECON 6904 may be waived for students with a strong background in both statistics and calculus. The chair of the Department of Economics will determine whether the courses can be waived.
Nonthesis Option:
ECON 6998, Research Seminar or FIN 6996, Research Problems (3 sh) and 6 sh of electives
Thesis Option
ECON 6999, Master's Thesis (6 sh) and 3 sh of electives
Students should register for ECON 6999, but graduate faculty from either economics or finance may serve as the major advisor for the thesis. The thesis, which will be a maximum of six semester hours of credit, must be submitted according to the general requirements of the School of Graduate Studies. The student will defend the thesis in an oral examination before a committee of three or more faculty members from finance and economics. Students wishing to write a thesis must submit a proposal and the names of three faculty members who are willing to serve on the thesis committee to the graduate coordinator prior to registering for thesis hours.
Electives can include:
MATH 6945 Stochastic Processes
ECON 5824 Applied Time Series
ECON 6940 Financial Economics
ECON 6941 Monetary Economics
ECON 6945 Public Finance
ECON 6970 Internship
ECON 6981 International Finance
ECON 6990 Special Topics in Economics
Any 6900-level finance class except FIN 6936
Graduate Assistantships
The department has a limited number of graduate assistantships, which are allocated to students with the strongest undergraduate records. Graduate assistantships pay a yearly stipend of $7500 and allow for remission of instructional fees and the nonresident tuition surcharge, if applicable. Students are responsible for the general fee and any other fees. Students usually work approximately 20 hours per week for the department. The duties of graduate assistantships vary and include tutoring for undergraduate courses, helping a professor with his or her research, or teaching a statistics lab. Students seeking assistantships for the fall semester should apply by mid-February of the preceding academic year.
To be considered for an internship international students must arrange a phone interview with the Graduate Director or the Department Chair. The phone interview will be scheduled after you have been admitted into the program. You must pay for the call.
Job Placement
Most of our graduates decide to enter the job market after completing the program. The following list includes job descriptions and locations of some of our graduates from the past five years.
Accounting and Financial Management Specialist, American Community Bankers, Washington, DC
Actuarial Assistant, Insurance Service Office, Inc., Jersey City, NJ
Economist, Bureau of Labor Statistics, Washington, DC
Economist, Department of Commerce, Bureau Of Economic Analysis, Washington, DC
Commercial Underwriter, Sky Bank, Youngstown, OH
Consultant, Roadway Express, Akron, OH
Financial Analyst, The Mills Corporation, Washington, DC
Loan Officer, Mahoning Valley Economic Development Corporation, Youngstown, OH
Market Intelligence Manager, Wella Cosmetics and Hair Products, Thessaloniki, Greece
Project Manager for Economic Development, Northwoods Business Development Center, Palm Beach, FL
Senior Market Lead Analyst Entergy, Houston, TX
Teaching Assistant, Department of Statistics, University of Massachusetts.
Graduate Faculty
Oh Hu, Ph.D., Assistant Professor
Dennis Petruska, Ph.D., Professor
Joseph Palardy, Ph.D., Assistant Professor
Tod Porter, Ph.D., Professor
Teresa Riley, Ph.D., Professor
Albert Sumell, Ph.D., Assistant Professor
Ebenge Usip, Ph.D., Professor, Graduate Director
Yaqin Wang, Ph.D., Assistant Professor
Additional information about Economics Faculty members and their research interests.
Admissions Requirements
Information on how to apply for admission is available on the website of the School of Graduate Studies and Research. There are separate sets of instructions for domestic and international students. All of the application materials (such as transcripts) must be received before the department can consider an application.
In order to be admitted into the MA in Economics program, applicants must have completed at least one course in each of the following areas: principles of microeconomics, principles of macroeconomics, statistics, and calculus. Students who do not meet the requirements may be admitted on a provisional basis. Students admitted provisionally do not qualify for graduate assistantships. Additional information for international students is available here.
When you complete your application, it would be helpful to notify the Economics graduate director so the department can follow the progress of your application.
