University of Wisconsin–Madison

Master’s Program Coursework

Below is the standard course list and sequence for the Master’s program. Most Master’s students follow this plan exactly as shown. Please consult the Schedule of Classes, Public Class Search for course descriptions and instructor information.

Semester 1 (Fall)

  • Economics 701: Microeconomics 1
  • Economics 704: Econometrics 1 (Econometric theory)
  • Economics 700: Mathematical Economics

Semester 2 (Spring)

  • Economics 702: Macroeconomics 1 (theory)
  • Economics 705: Econometrics
  • Economics 708: Microeconomics 2

Semester 3 (Fall)

  • Economics 706: Applied Econometrics
  • Advanced Elective or Economics 712*: (first semester of Ph.D. macroeconomics for advanced students).
  • Advanced Elective or Economics 711*: (first semester of Ph.D. microeconomics for advanced students).
  • For students wanting to complete the program in three semesters: Advanced Elective or Economics 709*: (first semester of Ph.D. econometrics for advanced students).

Semester 4 (Spring)

  • Advanced Elective or Economics 713*: (second semester of Ph.D. microeconomics for advanced students).
  • Advanced Elective or Economics 710*: (second semester of Ph.D. econometrics for advanced students).
  • Advanced Elective, Independent Study, or Economics 714*: (second semester of Ph.D. macroeconomics for advanced students).

*The option to take Ph.D. courses during the second year of the Master’s program will be decided by the Director of the Master’s Program after the completion of the first year of the program.

In addition to the core economics courses, students select nine credits of electives. Eligible electives are courses numbered 300 or above and should be relevant to the economics degree. Electives typically are taken in the second year of the program.

Examples of Advanced Electives include:

Economics 442: Macroeconomic Policy
Economics 460: Economic Forecasting
Economics 475: Economics of Growth
Economics 521: Game Theory & Economic Analysis
Economics 548: Economics of Health Care
Economics 666: Issues-International Finance

For degree requirements and enrollment policies information, please see the Program Requirements page in our Program Guidelines.