MS in Econometric and Quantitative Economics (STEM)

Student standing near lockers on campus

The STEM-eligible MS in Econometric and Quantitative Economics (MS EQE) program focuses on providing advanced knowledge and proper utilization of mathematical and quantitative skills required of economists in practical applications. Students may choose the general, financial or international track, depending on their unique career goals. 

STEM Program

This exciting degree program has been approved by the State of New York Education Department to qualify as a STEM program, focusing on mathematical and statistical theories that prepare our students to perform a wide gamut of business research, including cost-benefit analysis, researching market trends and forecasting future changes in economic activity in various sectors of the economy. Additionally, students work with large data sets related to financial, international, and experimental issues, and branch out into areas such as health and hi-tech research requiring strong mathematical, statistical and econometric tools.

Did You Know?

Domestic students pursuing STEM degrees are eligible for a variety of regional and national scholarships from organizations like the National Science Foundation.

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Degree Requirements

To earn the MS in Econometric and Quantitative Economics degree, students must complete 45 credit hours and pass the Comprehensive Exam. The degree has been designed to be completed in two years, and the department recommends a total of four semesters.

The 45 credit hours consist of 15 courses (3 credits each). The following 12 courses are required:

  • ECO 505: Microeconomic Theory
  • ECO 507: Macroeconomic Theory
  • ECO 526: Financial Economics I
  • ECO 580: Econometrics I
  • ECO 581: Econometrics II
  • ECO 582: Computational Econometrics
  • ECO 561: Economics of Fluctuation & Forecasting
  • ECO 576: Topics in Microeconomics
  • ECO 515: Math for Economists
  • ECO 567: Economics & Game Theory
  • ECO 569: Industrial Organization; or ECO 544: Economics of Education; or ECO 543: Labor Economics
  • ECO 583: Econometric Applications

The additional three courses are made up of approved electives. Please contact an advisor to view sample course plans. 

MS Elective Course Options

  • CO 511: Health Economics
  • ECO 521: Urban Economics
  • ECO 525: Money & Banking
  • ECO 564: Economics of the Public Sector
  • ECO 570: Economics of Regulation
  • ECO 588: Practicum in Financial Economics I
  • ECO 589: Practicum in Financial Economics II
  • ECO 590: Monetary Theory
  • ECO 593: Tools for Economic Analysis
  • ECO 598: Independent Research
  • CSE 531: Analysis of Algorithms
  • IE 575: Stochastic Methods
  • IE 576: Applied Stochastic Process
  • MGA 606: Intermediate Financial Report
  • MGA 632: Financial Statement Analysis
  • MGA 635: Global Financial Reporting
  • MGF 633: Investment Management
  • MGF 636: Complex Financial Instruments
  • MGF 637: Financial Modeling
  • MGF 638: Fixed Income Securities
  • MGF 641: Financial Policies and Strategies
  • MGF 658: Mergers & Acquisition Strategy
  • MGF 661: Management of Financial Institutions
  • MGF 685: International Financial Management
  • MGF 696: Portfolio Theory and Strategy
  • MGS 613: Database Management Systems
  • MTH 511: Probability Theory
  • MTH 512: Intro Statistical Inference
  • MTH 517: Survey of Advanced Calculus
  • MTH 518: Survey of Partial Differential Equations
  • MTH 527: Introduction to Topology
  • MTH 531: Introduction to Real Variables I
  • MTH 532: Introduction to Real Variable II
  • MTH 537: Introduction to Numerical Analysis I
  • MTH 558: Mathematical Finance 1
  • MTH 559: Mathematical Finance 2
  • MTH 560: Theory of Games
  • MTH 631: Analysis
  • STA 545: Statistical Data Mining 1

Financial or International Economics Focus

If a student wishes to focus their MS in EQE degree in the Financial or International disciplines, the department offers two MS degree sub-plans which students may transfer into after successful completion of their first semester. Please note: Students do not need to declare a focus when they first apply to the MS-EQE program.

9/13/18
The MS in Econometrics and Quantitative Economics with a sub-plan of Financial Economics is a STEM-eligible degree designed specifically for students who wish to pursue careers in the banking and monetary systems.
9/13/18
The MS in Econometrics and Quantitative Economics with a sub-plan of International Economics is a STEM-eligible degree designed specifically for students who wish to pursue careers in the world market, research and global systems.

International Students: 24-Month Visa Extension

The MS in Econometric and Quantitative Economics qualifies as STEM Opt Eligible. F-1 students with STEM (Science, Technology, Engineering, Mathematics) degrees in fields listed on the STEM Designated Degree Program List are eligible for the 24-Month OPT STEM Extension.

Career Opportunities

Graduates of the MS in Econometric and Quantitative Economics can expect a career in analytical, financial and international economics; or economic consulting; teaching at the community college level; performing research at a government agency or think tank; or preparing to enter a PhD program in economics or a related business field. Our students are especially qualified to embrace research-oriented positions due to their familiarity with technical economic concepts. Employers placing a greater emphasis on extensive technical quantitative skills often pay a premium for employees who maintain this skill set.

Contact Us

Graduate Programs

Phone: (716) 645-8679

ecoma@buffalo.edu

Jameson Yu
Department of Economics
College of Arts and Sciences

Phone: (716) 645-8679

ecoma@buffalo.edu

453 Fronczak Hall

Phone: (716) 645-8671

Fax: (716) 645-2127

ecowwc@buffalo.edu

Director of Master's Program
Professor
Department of Economics
College of Arts and Sciences

453 Fronczak Hall

Phone: (716) 645-8671

Fax: (716) 645-2127

ecowwc@buffalo.edu