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Economics MA |

Why Choose EIU?


Research Opportunities

Graduate Showcase

Mohammed Rayhan, a graduate student in the Economics department, is re-examining the fundamental relationship under the condition of the volatility. Rayhan chose to study Bangladesh because he is from there and has knowledge about the capital market. This project was supervised by Dr. Mukti Upadhyay, a professor in the Economics department.

Our program provides students several opportunities to pursue exciting and innovative research. Our students continue to present their research at academic conferences such as the Missouri Valley Economics Meetings and the Midwest Economics Association Meetings, which in most cases, are fully funded by the department. In addition, our students have had their work published in several reputable journals in the field. Our faculty is dedicated to helping students develop their research interests, and is committed to student success.

MVEA Conference

EIU Economics Department shows significant presence and participation at the Missouri Valley Economics Association in Kansas City, MO.


Once students have completed graduate coursework, they have the opportunity to pursue either a Non-thesis Option, known as the Graduate Forum, or the Thesis Option for research. The Graduate Forum require each student to partner with another graduate student to conduct research on an assigned project under faculty advisement. A joint presentation is made at the end of the semester to a committee of Graduate Faculty members. Evaluations are based on semester progress and the final presentation. Similarly, each student pursuing the Thesis option will conduct an independent research study, supervised by a faculty member. Upon completion of the study and compilation of a formal thesis research paper, the student schedules a thesis defense, where the results from the study are presented to the thesis committee as well as their peers.


Program Concentrations

The M.A. program offers two tracks or areas of concentration for the students to choose from as their specialization areas. They are Global Economy and Applied Microeconomics. Selecting areas of specialization can give you a clearer perception of the skills you will acquire and make you more competitive in the job market or in admission to Ph.D. programs later on. You may complete three elective courses from an approved list to meet the requirements of a track. Choice of an area of concentration is not, however, mandatory since some students may like the flexibility of a more diversified approach in choosing courses. Students will be free to take both of the tracks or, instead of a second track, choose other courses to complete their requirements of the M.A. degree.

Track-specific courses: The following courses will comprise each track:

Applied Microeconomics:

  1. ECN 4751 Managerial Economics
  2. ECN 5411 Seminar in Natural Resource and Environment Econ
  3. ECN 5491 Problems in Labor Economics
  4. ECN 5493 Economics of Human Resources
  5. ECN 5470 Seminar in Industrial Organization

Global Economy:

  1. ECN 4861 International Economic Problems
  2. ECN 4875 Area Studies
  3. ECN 5461 Seminar in International Economics
  4. ECN 5471 Seminar in Economic Development

In addition, another elective course, ECN 5433 Applied Econometrics, counts toward either track but not both. ECN 5433 extends the basic econometric analysis, introduced in the mandatory course ECN 4973 (Introduction to Econometrics), by exposing students to more advanced tools of applied economic research.


Student Achievements

A Trader’s Approach

This thesis is an attempt to forecast the foreign exchange rate of three major currencies: The Euro, the Yen, and the British pound against the U.S. Dollar, for trading purposes. Click here to read more about Adam Stokes', Distinguished Master’s Thesis Award winner & Midwest Association of Graduate Schools Thesis nominee research.


In addition to students' area of concentration, our program offers a pedagogy option. This option provides further instruction and experience in collegiate level teaching for students interested in teaching communication at two-year or four-year institutions after they graduate. Students take multiple courses in pedagogy and engage in a combination of practicum and internship experiences. The option is highly sought-after and admission is competitive. Students are only accepted into the option once they have demonstrated success in the department in various ways.


Job Placement

Brokering a Successful Career

Just like the fast-paced stock business in which she works, Kathryn Fischer is always on the go. Fischer, who began working on a trading desk before advancing into a broker position, is now the operations manager at RJO Futures, overseeing a division of about 40 traders. Now, five years into her position, she not only watches markets and analyzes them, but also works to help board clients in a quicker and more efficient way. Read more...


The alumni of Eastern’s Economics Department are employed in a wide variety of fields and industries. Here are some of their exciting careers and of course, some definite career prospects for you!

Financial consultant Attorney Market analyst
Project Manager Professor Employee Relations Specialist
Bank Manager Vice President Credit Management Pricing Technician

Our alumni work for large financial institutions such as the Chicago Mercantile Exchange, Citigroup, and Prudential, or for large corporations such as PepsiCo, McDonalds Corp., and Walgreens Corp. Some work for government agencies such as the FDIC and the FBI. Others have chosen to work for small businesses.

Various surveys (e.g. Payscale.com, NABE survey) indicate that the median salaries for mid to late career economists range from $94,000 - $120,000.