To get a master's degree in economics, a student must complete a one- to two-year graduate program in economics that covers core courses and that may require a thesis or project. The master's degree may be a terminal degree or one that a student earns as part of getting a doctoral degree in economics.
Admission to a master's program usually requires courses in economics, calculus and statistics at the undergraduate level, though a bachelor's degree in economics is not always necessary. Students must submit an application, an application fee or a fee waiver, college transcripts and Graduate Record Examination test scores. Some schools only consider applicants who meet or exceed a minimum grade point average and test score limits. Other admission requirements may include a resume, a personal statement, a statement of purpose, letters of reference and an interview.
Students missing pre-requisite courses such as intermediate-level economics courses must complete them before taking other courses. Typical core courses for a master's degree in economics are microeconomic theory, macroeconomic theory, quantitative methods, econometrics and business statistics. Students also need to take a number of electives, such as international economics and finance. A thesis or project in economic research or applied economics is part of many programs.