Macroeconomics and Microeconomics are two parts of the study of Economics. Microeconomics include studying the economic decisions that are made at a micro level, like the effect on the purchase decision of a family by the increase or decrease in a product’s price. Macroeconomics on the other hand includes the total decisions that are made by people in a society, like, how does any change in the rate of interest influences the national savings?
Economics from Harvard
The Department of Economics at the famous Harvard University is one of the top schools/educational institutions in the country to pursue a degree in the subject. Harvard offers undergraduate, graduate and PhD. Program course in Economics.
Student Qualification/Criteria for a Graduate Level Course
The student should have done a prior research or have a prior experience having worked as a research assistant. If it’s the latter case, then a letter from a supervisor stating the capability to perform the research would be critical.
The minimum mathematical preparation level of to be taken into consideration includes linear algebra, calculus as well as proving your mathematics proficiency. Most of the successful applicants, in particular, take up real analysis now, although that isn’t a big requirement. The average score of the GRE test taken among students that have been admitted to the University in the past few years has been 797.
All those applicants whose first language isn’t English, and all those who haven’t gotten their bachelor’s degree from an educational institution with English as their first language, ought to meet TOEFL’s – Test of English as a Foreign Language, minimum score requirements.
The Economic students at this University receive stipend support and full tuition while they are admitted and heading towards a satisfactory progress in getting their degree. The Economics division here urges the applicants strongly to apply for financial support from the extramural agencies. Pupils, who get extramural fellowships, which are competitively funded, might be eligible to get an educational allowance.
In case you have already applied for external funding, then you are to mention that in the application. In case an applicant does not have funding while apply but is able to source it later, then they ought to ensure that they communicate the same to the department.
The tuition fee for full time students for the students of Economics at the University’s Economics Department, for a year is about $35,000 apart from other various expenditures.
Admission and financial aid decisions are made by the Admissions Committee of the Department in February of each year for the class which will enter the following September. The Department receives more than 700 applications per year, and about 50 are admitted. The entering class size usually consists of 25 students. The Department does not defer admission; applicants must begin their studies in September of the year in which they are accepted.
Each year the department receives over 800 hundred applications for admission. The program is very competitive, enrolling only twenty-five new students each year. Students are required to take the Graduate Record Exam. The average score on each section of the GRE is 780 – 800. The department is particularly interested in the Quantitative score. Students who are non-English speakers, and who have not attended a U.S. College or University, are required to take the TOEFL Exam. Working knowledge of multivariate calculus and matrix algebra required.
The University of Wisconsin, Madison
In order to qualify for a visa, all international students must submit a Financial Statement to the Graduate School, showing that they have sufficient funds available to support themselves for the duration of the program (four years). The amount required for the academic year 2003-04, exclusive of travel to Madison but inclusive of tuition and living expenses, is $35,000 (Age 25 and under) $35,188 (Age 26 and over).
University of California – Riverside
Master’s Program Students should have first-year calculus, a course in statistics, and some background in economics before beginning course work. Students who do not meet these requirements may still be admitted but normally must take these courses as prerequisites to the required courses. Applicants to the M.A. program are expected to have the same academic potential as Ph.D. applicants, as reflected by GPA and GRE scores. Admission to the M.A. program does not guarantee later admission to the Ph.D. program.
Following is a list of Economics degree programs:
Best programs in Economics (outside USA)
- London School of Economics
- Oxford University
- University of Cambridge
- University of Toronto
- Barcelona Graduate School of Economics