The Stanford Master's program in Economics is a highly respected and sought-after graduate degree that equips students with advanced knowledge and skills in economic theory, econometrics, and applied economics. The program is designed to provide students with a deep understanding of economic principles, as well as the ability to analyze and interpret complex economic data. With a strong focus on research and academic rigor, the Stanford Master's in Economics is an ideal choice for individuals seeking to elevate their economic expertise and pursue careers in academia, government, or the private sector.
Program Overview
The Stanford Master’s program in Economics is a two-year degree that offers students a comprehensive education in economic theory, econometrics, and applied economics. The program is highly interdisciplinary, drawing on faculty and resources from across the university, including the Graduate School of Business, the School of Law, and the School of Engineering. Students in the program have the opportunity to work with renowned faculty members who are leaders in their fields, and to engage with a diverse and talented cohort of peers.
Curriculum
The curriculum for the Stanford Master’s in Economics is highly flexible, allowing students to tailor their course of study to their individual interests and career goals. The program requires students to complete a minimum of 45 units of coursework, including a core sequence in microeconomic theory, macroeconomic theory, and econometrics. Students also have the opportunity to pursue specialized courses in areas such as international trade, economic development, and financial economics. Some of the key courses offered in the program include:
| Course | Description |
|---|---|
| Microeconomic Theory | Introduction to microeconomic theory, including consumer and producer behavior, market equilibrium, and welfare economics |
| Macroeconomic Theory | Introduction to macroeconomic theory, including national income accounting, economic growth, and business cycles |
| Econometrics | Introduction to econometric methods, including regression analysis, hypothesis testing, and time series analysis |
Students in the program also have the opportunity to pursue independent research projects, working closely with faculty advisors to design and implement original research studies. These projects provide students with hands-on experience in data analysis, statistical modeling, and research design, and help to prepare them for careers in research and academia.
Career Opportunities
Graduates of the Stanford Master’s in Economics have a wide range of career opportunities available to them. Many go on to pursue careers in academia, teaching and conducting research at top universities around the world. Others work in government, advising policymakers and helping to shape economic policy. Still, others pursue careers in the private sector, working as economic consultants, financial analysts, or business leaders.
Some of the top career paths for graduates of the Stanford Master's in Economics include:
- Economic consultant: providing advice and analysis to businesses and governments on economic policy and strategy
- Financial analyst: analyzing financial data and providing recommendations to investors and financial institutions
- Policy analyst: working with governments and non-profits to analyze and shape economic policy
- Business leader: using economic expertise to drive business strategy and decision-making
According to data from the Stanford University Career Development Center, the median starting salary for graduates of the Master's in Economics program is over $100,000, with many graduates going on to earn salaries of $150,000 or more.
Alumni Network
The Stanford Master’s in Economics has a strong and active alumni network, with graduates working in a wide range of fields and locations around the world. The program’s alumni network provides a valuable resource for current students and recent graduates, offering opportunities for networking, mentorship, and career advancement.
Some notable alumni of the Stanford Master's in Economics include:
- Janet Yellen, former Chair of the Federal Reserve
- Ben Bernanke, former Chair of the Federal Reserve
- Myron Scholes, Nobel laureate and co-developer of the Black-Scholes model
What are the admission requirements for the Stanford Master’s in Economics?
+Admission to the Stanford Master’s in Economics requires a bachelor’s degree in economics or a related field, as well as strong academic performance and letters of recommendation. Applicants must also submit GRE scores and a personal statement outlining their research interests and career goals.
What is the cost of tuition for the Stanford Master’s in Economics?
+The cost of tuition for the Stanford Master’s in Economics varies depending on the student’s residency status and other factors. For the 2022-2023 academic year, the tuition rate for graduate students at Stanford is $57,861 per year.
What kinds of research opportunities are available to students in the Stanford Master’s in Economics?
+Students in the Stanford Master’s in Economics have a wide range of research opportunities available to them, including independent research projects, research assistantships, and participation in faculty-led research initiatives. Students can work with faculty advisors to design and implement original research studies, and have access to a wide range of resources and datasets to support their research.
