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Current Departmental Graduate Program Brochure
The Department of Economics offers curricula leading to the degrees of Master of Science (M.S.) and Doctor of Philosophy (Ph.D.).
General Admission Information
The overall scholastic record and potential of the applicant for admission is more important than prior preparation in specific areas of economics. While undergraduate specialization in economics is desirable, the program is open to students whose undergraduate specialization has been in other fields. However, if the student has not had intermediate level microeconomics, macroeconomics, and statistics, preparatory work may be required before admission to the Department is granted. Applicants may apply to the graduate program in Economics by submitting an online application. All supporting application documents must be submitted to the Department of Economics, including a $50 application fee. Please make all checks/bank drafts payable to Southern Illinois University. Please use the following address to submit application materials: Director of Graduate Studies, Department of Economics, Southern Illinois University Carbondale, Carbondale, IL 62901-4515. All applicants must take the aptitude portion of the Graduate Record Examination (GRE). Information on testing dates may be obtained from Educational Testing Service. All exam scores must be received by the department before admission can be considered. Evaluations of applicants by the department are based on information from the application form, GRE scores, transcripts, and other information. NOTE: Applicants wishing to be considered for admission with financial aid for
the Fall semester must have complete applications on file in this office by
January 1st of the academic year for which they are applying. Applicants
who do NOT wish to be considered for financial aid must have complete
applications on file in this office by April 15th of the academic year for
which they are applying. Domestic applicants who meet the Graduate School requirements but not the Department of Economics requirements may register for remedial courses as unclassified graduate students. Such persons may be considered for admission to the Department of Economics at a later date, based on their performance in such remedial courses. However, Graduate School rules prohibit international applicants from being admitted to SIU as unclassified graduate students.
PLEASE NOTE: ONLY APPLICANTS WHO HAVE COMPLETED OR ARE IN THE PROCESS OF COMPLETING A MASTER'S DEGREE ARE ELIGIBLE FOR ADMISSION TO THE DOCTORAL PROGRAM. APPLICANTS WHO HAVE ONLY COMPLETED OR WILL COMPLETE A BACHELOR'S DEGREE ARE ELIGIBLE FOR ADMISSION TO THE MASTER'S DEGREE. THE SIUC GRADUATE SCHOOL ALSO HAS OTHER REQUIREMENTS FOR ADMISSION INTO THE MASTER'S AND DOCTORAL PROGRAMS. PLEASE CONTACT OUR DEPARTMENT FOR MORE INFORMATION.
Entry into the Master of Science Program
The Master of Science program is intended to serve as a terminal degree. A student with a bachelor's degree must meet Graduate School admission requirements with a grade point average of 2.7 or better on the last 60 hours of undergraduate work completed prior to receipt of the bachelor's degree.
Entry into the Doctoral Program
A student with a master's degree must meet Graduate School admission requirements with a grade point average of 3.25 (A=4.0) or better. A student with a bachelor's degree must meet Graduate School admission requirements with a grade point average of 2.7 or better. After meeting these requirements, the bachelor's degree student will be initially admitted as a master's student. Upon passing the qualifying exams, usually taken after the first year of graduate study, the student will be given entry into the doctoral program.
Admission of International Students
In general, international students must meet the same academic standards for admission as those required for domestic students. As there is considerable variation between educational systems throughout the world, precise comparative standards are not always available. Therefore, international students are considered for admission on the basis of their former academic work, English proficiency, and evidence of adequate financial resources. Applicants will be required to certify that adequate financial resources will be available to undertake and continue in a program of graduate study.
To allow adequate time for visa and other departure procedures, the applicant should have an application and all supporting documents on file with the University no less than ten months prior to the proposed entry date.
For more information about the Graduate School at Southern Illinois University Carbondale, click here.
Test of English as a Foreign Language (TOEFL)
All applicants whose native or first language is not English must take the TOEFL test no more than 24 months prior to the term for which the applicant is seeking admission. A minimum TOEFL score of 550 (paper), 220 (computer), or 79 (internet-based) is required for Graduate School admission. Exemptions to the TOEFL requirement are:
- an applicant who has completed a bachelor's degree (four years attendance and completion of at least 100 semester hours of course work) at an accredited institution in the United States
- an applicant who has completed a master's degree at an accredited institution in the United States, who obtained a TOEFL score of at least 550 (paper) or 220 (computer) prior to beginning graduate studies and who has been in residence in the United States continuously prior to application to SIUC.
Verification of the earlier TOEFL score by the degree granting institution is mandatory.
Financial Assistance
A number of fellowships, scholarships, and assistantships, for both teaching and research, are available to graduate students in both master's and Ph.D. degree programs in Economics. Application is made at the departmental level (not to the Graduate School) no later than January 1 for awards to be given for the following fall semester. Assistantships, however, sometimes become available later in the year. Therefore, applications are considered when they are received, even though the formal deadline is passed.
You should send, or have sent, the following items directly to the Director of Graduate Studies in the Department of Economics if you wish to be considered for financial assistance:
- A completed "Application for Financial Aid" form.
International applicants must also submit the "Financial Statement for Graduate International Students."
- One complete set of official transcripts from every college or university you have attended (also diplomas for international applicants).
- A brief biographical sketch indicating your educational goals and professional interests.
- Three letters of reference from three persons able to evaluate your prospects as a graduate student. PLEASE NOTE: reference letters must be submitted in sealed envelopes, with the signature of the referee across the envelope flap. LETTERS SENT VIA EMAIL OR FAX WILL NOT BE ACCEPTED.
- Graduate Record Examination scores.
Note. Limited funds are available for financial assistance and are allocated on a competitive basis. The sources and types of financial awards are as follows:
- The Graduate School offers several types of awards to students nominated by the Department of Economics. These awards include
- Depending upon budgetary considerations, the Department of Economics is able to offer a number of teaching assistantships and research assistantships to students whose work and records merit such assistance.
All award nominations to the Graduate School, as well as teaching and research assistantships within the department, are screened by the Financial Awards Screening Committee (FASC) within the Department of Economics. The FASC also advises the Department Chair on the renewal of financial awards.
Note: A student may not receive more than two calendar years of graduate student support while a master's level student nor more than four calendar years of graduate student support while a doctoral level student.
Requirements for the Master of Science Degree
The general requirements for the Master of Science degree may be conveniently classed under two broad headings: course and hour requirements and thesis requirements.
Course and Hour Requirements
Those students who plan to receive the Master of Science degree as a terminal degree are required to have the following courses:
- Economics 465, Mathematical Economics
- Economics 463, Applied Econometrics
- Economics 540a, Microeconomic Theory
- Economics 541a, Macroeconomic Theory
Each master's student must take at least one Graduate Director-approved, two-course specialization in either Economics or Agribusiness Economics.
In addition, each master's student must accumulate a minimum total of 30 graduate-level credit hours approved by the Director of Graduate Studies. Of this minimum, 21 hours must be in Economics courses, excluding Economics 408, 440, 441, 443, 507, and 590, and 15 hours must be in 500-level courses.
An outline of the typical sequence for master's work is as follows:
Fall
ECON 465
ECON 540a
ECON 541a
Specialization |
Spring
ECON 463
Specialization
Elective
Elective |
Summer
Thesis
or
Research
Paper |
Any student who earns six semester hours of "C" or below in Economics courses taken for graduate credit is subject to dismissal from the graduate program in Economics.
A 3.0 GPA in 400- and 500- level economics courses excluding ECON 408, 440, 441, 501, 502, 510 and 598 and in all graduate courses must be maintained.
Only 400- and 500-level courses may count toward the master's degree.
Graduate students in Economics cannot take ECON 408, 440, 441 or 443 for credit toward a graduate degree in economics.
Thesis Requirements
The master's candidate in Economics can fulfill the thesis requirement in one of the following ways.
- The student may write a master's thesis. The thesis shall be supervised by a committee of at least three members of the graduate faculty and may be counted for six semester hours of credit as Economics 599. Two copies of the approved thesis must be presented to the Graduate School at least three weeks prior to the date of graduation, to be bound and shelved in the library. One copy of the thesis is to be submitted to the Department of Economics.
- The student may enroll for 3 semester hours in Economics 598. The research paper required in Economics 598 will be accepted in lieu of a master's thesis when approved by the Director of Graduate Studies for that purpose. One copy is to be submitted to the Graduate School at least three weeks prior to the date of graduation, and one copy to the Department of Economics. Under this option, the student must take an additional graduate level course for three credit hours. Students who choose the thesis option are required to pass an oral comprehensive examination covering the thesis and related topics. Students choosing the research paper option must pass both a written and an oral examination related to their paper's topic.
Thesis Preparation
The student should consult with a faculty member of his or her choice, whose teaching or research interest lies in the area in which the student wishes to write a thesis. Upon the student's request and faculty member's consent, the faculty member will become the student's Thesis Director and will be responsible for guiding the student's research and writing a prospectus to be read and concurred on by at least two other members of the graduate faculty chosen by the Thesis Director in consultation with the student. This prospectus committee will constitute the committee recommended by the Chairman of the Department as the examining committee for reading the thesis and conducting the examination for the degree. To be accepted, the thesis must conform to the specifications in Guidelines for the Preparation of Research Reports, Theses, and Dissertations, available from the Graduate School.
Requirements for the Doctor of Philosophy Degree
Admission and Retention
Admission to the Ph.D. program in Economics may be achieved with a master's degree or its equivalent and a grade point average of 3.25 (A=4.0) or better for all graduate level work. Students with bachelor's degrees and a grade point average of 2.7 or better will be admitted as master's students. Upon passage of the qualifying exams in Economic Theory, the student will then be admitted into the doctoral program.
Residency Requirements
The residency requirement for the Ph.D. must be fulfilled after admission to the Ph.D. program but before formal admission into Ph.D. candidacy. In general the equivalent of one year's work at SIUC is required. However, this requirement can be fulfilled in a variety of ways. For the various options available see the Graduate Catalog.
Progress Toward the Ph.D
In the student's progress toward the Ph.D. the student must meet the following basic requirements: the qualifying examinations; field specializations and examination; the acquisition of research tools and other course requirements; and a dissertation. An outline of the typical progress is shown below.
The Qualifying Examinations
The purpose of the qualifying examinations is to inform both the student and the faculty whether the student is making satisfactory progress towards the Ph.D. degree. For a student who fails these examinations the Qualifying Examination Committee will normally consider two alternatives: (1) retaking all or part of the examination or (2) encouraging the student to withdraw from the Ph.D. program.
The qualifying examination in microeconomics and macroeconomics will be based primarily on materials in microeconomic theory (ECON 540a, 540b) and macroeconomic theory (ECON 541a, 541b), respectively.
| Year |
Fall |
Spring |
Summer |
1 |
ECON 465, 540a, 541a |
ECON 511, 540b, 541b |
Qualifying
Exams |
2 |
ECON 567a, 541c, Field I |
ECON 540c, 567b, Field I |
Field I
Exam
|
3 |
ECON 567c, Field II |
Elective, Dissertation, Field II |
|
| 4 |
Dissertation |
Dissertation |
|
Leave of Absence Policy for Graduate Students
Students admitted to the MA/MS or Ph.D. degree programs in the Department of Economics at SIUC must be enrolled for each fall and spring semester of their academic career.
Students not intending to enroll for coursework for a given fall or spring semester shall enroll for one semester hour of ECON 601, Continuing Enrollment.
Alternatively, students who are making satisfactory progress toward the completion of their degree and who do not intend to enroll for a given fall or spring semester may, upon application to the Department and showing good cause, be granted a Leave of Absence for said semester.
Approval of the request will be at the discretion of the student's Graduate Faculty Committee and/or the Department Chair. Leave of Absence Requests may be obtained from the Departmental Office.