Masters Program

Master of Arts in Economics

Below is a summary of the graduate program with information on the Masters degree. The official details of the program can be found in the UWM Academic Catalog.

STEM Designation

Our graduate programs (MA and PhD) are classified as STEM (CIP Code 45.0603: Econometrics and Quantitative Economics). Students in such STEM degree programs can apply for a 24 month STEM extension of the F1 visa under Optional Practical Training (OPT).

Course of Study

Minimum degree requirement is 30 credits of graduate work including 3 required core courses:

  • Econ 701 – Economic Theory: Microeconomics, 4 credits
  • Econ 702 – Economic Theory: Macroeconomics, 4 credits
  • Econ 703 – Econometrics, 4 credits

The student must select one area of concentration offered by the department and must take at least two courses in this concentration of courses numbered 700 or above or take Econ 506 and Econ 606 or Econ 710.

The student must take two courses numbered 700 or above (except Econ 990, Econ 991, and Econ 999), in areas other than the student’s area of concentration. The student must submit a master’s paper.


An applicant must meet Graduate School requirements plus the following departmental requirements.

  • An undergraduate major in economics and one semester of calculus. Alternatively, adequate preparation at the undergraduate level equivalent to two semesters of course work in intermediate economic theory, one semester of statistics, and one semester of calculus.
  • Submission of scores on TOEFL. Test of English as a Foreign Language exam required for applicants whose native language is not English.
  • Two letters of recommendation from persons familiar with applicant’s scholastic achievement and potential are recommended.

An applicant lacking in course background may be admitted without specific program-defined course provided that the deficiencies amount to no more than two courses. Deficiencies in economic theory are made up through Econ 301 – Intermediate Price Theory and Econ 302 – Intermediate Income Theory; in statistics through Econ 210 – Economic Statistics.

Graduate Grievance Procedures

Federal law and UWM policy require programs and departments to have procedures for graduate students to appeal academic decisions such as grades or scholastic standing. These procedures ensure the protection of students’ rights. These pages serve as a reference on procedures for graduate student academic appeals.

Contact Information

Please direct questions to our Director of Graduate Studies …

Itziar Lazkano
Bolton Hall 840