BSQE + MS in Economics

Students in the BS in Quantitative Economics program may be admitted directly into the MS in Economics program and “share” 16 credits of graduate level credit with the BSQE and MS in Economics. These shared credits should be the Fall and Winter core courses for the MS in Economics.

Admissions Criteria

  • BSQE majors may apply for the BSQE + MS program upon earning junior status if on track to complete at least 165 undergraduate credits before starting the Master’s theory sequence in Fall Term. (See Table 1).
  • Candidates for the BS + MS program should apply online using the BSQE+MS program, not the MS program, by submitting a graduate application through the Graduate School. Prior to the beginning the application process, students are strongly encouraged to contact the graduate advisor.
  • If the application is successful, the student will be notified via e-mail.
  • Applicants will not be required to submit GRE scores provided they satisfy the following requirements:
    • A GPA of 3.5 or above for all economics classes
    • A PSU institutional GPA of 3.3. 
    • 500-level courses must be graded B or better. 
    • All undergraduate economics courses must be graded C- or better. 
    • No P/NP credit in required economics, mathematics and statistics classes except as exempted by COVID-19 policy.
    • Department residency requirement of 24 undergraduate economics credits taken at PSU satisfied.
    • PSU residency requirement for 45 of last 60 credits taken at PSU satisfied 

Please Note:
The Department of Economics awards Graduate Assistantships (GAs) on a competitive basis each year. BS + MS students who meet the admission criteria and who wish to apply for a GA-ship must submit their application by February 1st of the year they graduate with a BSQE.  
 

Table 1: Minimum Undergraduate Coursework for

Enrolling in the MS in Economics in Fall Term

 

Degree Requirement

Credits

BS Requirements
     Three four-credit science classes including 2 classes with an associated lab. (Biology, chemistry, environmental science, geography, geology, physics, science education)

12

General Education (University Studies or Urban Honors)

45

Economics Core Courses 
      Principles of Microeconomics (Ec 201)
      Principles of Macroeconomics (Ec 202)
      Intermediate Microeconomics with calculus (Ec 415)
      Intermediate Macroeconomics (Ec 312)
      Mathematical Economics (Ec 380)
      History of Economic Thought (Ec 460/560)
      Econometrics (Ec 469/569)

28

Economics electives/general electives*

28

General electives (may include a minor field of study)

29

Mathematics and Statistics Core Courses
     Calculus I (Mth 251)
     Calculus II (Mth 252)
     Linear Algebra (Mth 261)
     Calculus IV (Mth 254)
     Statistics for Engineers I and II (Stat 451 & 452)

23

Total Credits 165**

*Up to 15 credits of economics electives numbered 500 and above may be taken by BSQE students and to satisfy both the requirements for the BSQE and the MS in Economics. See below on details of how those 500 electives should be structured. We recommend that they be used to satisfy core requirements in our MS program and not general electives.

** In order to facilitate a Fall start to the master’s program, students may join the MS track with at least 165 credits completed towards the BSQE, provided the coursework outlined in Table 1 has been completed.

    Degree Maps, Shared Credits and Advising 

    Sample Degree Map for Student in BSQE + MS Program can be found in Tables 2 and 3. These show an optimal lower division preparation for the major and the two ways students can use, or not use, the shared undergraduate and graduate credits. 

    Students have two choices:

    • Graduate with a BSQE degree in Spring having taking at most one specific 500 course at undergraduate tuition rates. The student will start the MS program the next Fall.  This allows students to apply for graduate assistantships in the Spring and provides for guaranteed entry to the MS program.
    • Graduate with a BSQE degree in Winter having taken the regular Fall and Winter Master’s core courses in our MS program at undergraduate tuition rates. This allows for guaranteed entry to the MS program as well as a cost savings by being charged undergraduate tuition for the first two terms of their graduate education.  Students will be eligible for graduate assistantships in the Spring term, after graduating with a BSQE, and in the second year of their graduate studies.

    It is recommended that BSQE students consult with department advisors.

    Advising for the BS + MS

    Initially, students will be advised by the undergraduate adviser, in consultation with the graduate adviser, who will assist them in preparing their application for the BSQE + MS. Once students have begun the master’s theory sequence, they will be advised by the graduate adviser. 

    Table 2: Suggested Five Year + 1 Term Degree Plan for

    BSQE + MS in Economics 

    (Classes are 4 credits unless otherwise stated)

     

    Year 1 (47 Undergraduate Credits)

    Fall Winter Spring

    FRINQ or HON

    FRINQ or HON

    FRINQ or HON

    Calculus I (Mth 251)

    Calculus II (Mth 252)

    Linear Algebra (Mth 261)

    Principles of Micro (Ec 201)

    Principles of  Macro (Ec202)

    BS requirements

      General elective

    General elective

     

    Year 2 (48 Undergraduate Credits)

    Fall Winter Spring

    SINQ or HON

    SINQ or HON

    SINQ or HON

    Mathematical Economics  (Ec 380)

    Intermediate Micro/calc (Ec 415)

    Intermediate Macroeconomics (Ec 312)

     Calculus  IV (Mth 254)

    BS requirements 300-level econ elective
    General Elective General Elective General Elective
         

     

    Year 3 (46 Undergraduate Credits)

    Fall Winter Spring

    UD Cluster or HON

    UD Cluster or HON

    UD Cluster or HON

    300-level econ elective

    300-level econ elective

     

    BS requirements

    General elective

    General Elective

    Statistics for Engineers I (Stat 451)

    Statistics for Engineers II (Stat 452)

    Capstone or HON Thesis

        Seminar (Ec 418)

     

    Year 4 (24 Undergraduate Credits)

    Fall Winter Spring

    Seminar (Ec 418) 1 credit

    Seminar (Ec 418)    1 credit

    Seminar (Ec 418)   1 credit

    History of  Economic Thought (Ec 460)

    Econometrics (Ec 469)

    400-level econ elective

    400-level econ elective

    400-level econ elective

     

    General elective

    General elective

    General electives


    Students are awarded the BSQE prior to entry into the MS Program

    The course path below is for BSQE+MS students that wish to apply for a Graduate Assistantship their first year or did not receive one in the first year should follow this sequence.

    Table 3: Suggested 5 Year +1 Term Degree Plan for BSQE+MS in Economics

      Fall term * Winter Term* Spring term (* become Masters)
    4th year/UG

    Ec 570 and Ec 580    * (take at the lower UG rate)

    Ec 571 and Ec 581 * (take at the lower UG rate)

    Ec 582 and Ec 590

    Masters (get GAship) Ec 575 and Ec 592 Ec 576 (Stata and R) and Ec 596 Ec 597

     

    Continuation Criteria 

    Students must maintain GPAs of:

    • 3.3 in courses numbered 500 and above, with a minimum grade of B
    • 3.5 in economics courses numbered 499 and below, with a minimum grade of C-
    • 3.3 overall at PSU.