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Admission | How to Apply | Requirements and Course Descriptions | Course Descriptions
Masters/Masters in Business Economics Admissions decisions are made by the faculty of the Economics Department. Admission to the program is based on intellectual potential, scholarly promise, academic achievement, programmatic fit, and available space. A bachelor's degree in economics is not required for admission to the Masters program, but the department does require that specific courses - particularly economic theory - have been passed with distinction (grade of B+ or better). Strong mathematical aptitude is needed. At least two quarters of calculus and one basic statistics course are required. To be considered for admission, applicants must have received a bachelor's degree or its equivalent from an accredited university prior to the quarter for which the applicant seeks admission, and have at least a B average (3.0 on a 4.0 scale) undergraduate GPA from the (the last two years) of coursework junior and senior years. Meeting the minimum requirement does not guarantee admission; the actual standard for admission is set by the current pool of applicants, and is generally much higher. In Fall 2007 the average undergraduate GPA for admitted applicants was 3.38 on a 4.0 scale. There is no provision at this time for part-time graduate students; all graduate students pay the same fees regardless of the number of units they take. Applicants are required to take the general Graduate Record Examination (GRE). Foreign students are advised to take the GRE as early as possible to facilitate an early admission decision. Average GRE scores for students admitted to the MA program for Fall 2007 were: GRE Verbal......................475 / 52% Students who think they ultimately might want to complete a Ph.D. are strongly advised to apply for admission to the Ph.D. program rather than the M.A. program. Ph.D. students are awarded an M.A. degree upon successful completion of specific courses and examinations, but course requirements for the M.A. portion of the Ph.D. program are considerably different from those required for the terminal M.A. degree described in this brochure. Foreign Applicants Applicants whose native language is not English are required to take either the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System exam. Requests for exemption to this requirement will be considered for those students who have completed an undergraduate or graduate education at an institution whose primary language of instruction is English. The minimum acceptable TOEFL score is 550 (paper-based test), 213 (computer-based test) or 80 (internet-based test). For those applicants choosing to take the IELTS, the minimum acceptable Overall Band score is 7 or higher. Upon arrival at UCSB, students for whom English is not the native language must take the English Language Placement Examination to determine speaking and writing ability. Depending upon test performance, students may have to take English as a Second Language (ESL) classes to achieve proficiency in English. TOEFL and IELTS scores must be no more than two years old at the time of application All graduate students who are non-native speakers of English must meet proficiency requirements in spoken and written English before they will be awarded a degree from UCSB. Such requirements should be completed as soon as possible and may significantly increase the time required for completion of the degree. Non-native speakers who wish to increase their English proficiency before the regular academic year begins in the fall, might consider attending an intensive ESL workshop in the summer. For details concerning UCSB workshops, please contact: University Extension Applicants must apply for admission to our graduate programs electronically at www.graddiv.ucsb.edu/eapp/. International students are initially required to submit an International Pre-Application. The Pre-Application must be submitted electronically and can be accessed by selecting the Pre-Application (International Students) link. After submitting the online application, applicants must send the following materials directly to the UCSB Graduate Division: 1. Non-refundable application fee of $60 (if not paid online with a credit card) by check, money order, bank draft, or international money order payable through a U.S. bank and made payable to “UC Regents”.* *If paying by check or money order, please ensure that the applicant name appears on the check or money order, and that it is accompanied by the Check/Money Order Submission form found on the last page of the application or within the Application Status. An application fee paid to another University of California campus is not valid for an application to UCSB 2. Official Graduate Record Examination (GRE) scores forwarded directly from the testing institution. The ETS institution code for UCSB is 4835. 3. Official Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS) exam scores (international students only) forwarded directly from the testing institution. The ETS institution code for TOEFL scores for UCSB is 4835. Mailing Address of the Graduate Division: The following materials must be submitted directly to the UCSB Department of Economics: 1. Statement of Purpose with completed coversheets (2 copies) All supporting application materials are due by the deadline of May 1st. Since required courses must be taken in sequence, students are admitted for Fall Quarter only. Mailing Address of the Department of Economics: Requirements and Course Descriptions The UC Santa Barbara Department of Economics offers a Master of Arts in Economics (MA) and a Master of Arts in Economics with an emphasis in Business Economics (MABE). The Master of Arts with an emphasis in Business Economics is a course of study that prepares students for business and government positions as management specialists, financial analysts, forecasters, and economists. Both Master of Arts programs are designed so that a well-prepared student can obtain the degree in one academic year (nine months). Graduates leave the program with a strong background in economic theory and applied econometrics, and knowledge of one or more elective fields. To graduate with a Master's degree, students must be enrolled for three quarters (summer session excluded). They must take 36 units of coursework, all of which must be taken for a letter grade. Core courses must be completed with a "B" grade or better in each course. A minimum grade-point average of 3.00 (B) must be maintained. Students with less than a B average will be subject to probation or dismissal. Students must also pass a comprehensive examination near the end of the Spring quarter. Failure to meet any of these requirements may result in the MA or MABE degree to not be awarded. The curriculum and registration schedule is as follows for the Master of Arts in Economics (MA) program (All core courses must be passed with a grade of B or better.): Fall Quarter
Winter Quarter
Spring Quarter
*Elective courses: The remaining 16 units in the program must be selected from among graduate field courses as electives:
*Please note that elective courses may also include a maximum of 8 undergraduate units and/or a maximum of 8 units of courses outside of the department but only with prior written approval of the MA graduate degree program Faculty Advisor. In limited cases, with consent of the faculty adviser, other economics courses may be used to satisfy the elective requirement Comprehensive examination The curriculum* and registration schedule is as follows for the Master of Arts in Economics with an emphasis is Business Economics (MABE) program Fall Quarter
Winter Quarter
Spring Quarter
*In rare cases, with consent of the faculty adviser, other economics courses may be substituted. Comprehensive examination Economics 205A-B: “Economic Decisions” Economics 206: “Operations Research” (Not offered every year) Economics 208: “Topics in Macroeconomic Theory and Policy” Economics 209: “Introduction to Operations Management” (Not offered every year) Economics 234A: “Introduction to Finance” Economics 234B: “Theory of Finance” Economics 240A: “Introduction to Econometrics” Economics 240B: “Econometrics with Emphasis in Cross Section Analysis” Economics 240C: “Econometrics with Emphasis in Time Series and Forecasting” Economics 273A: “Managerial Accounting” PSTAT 130: “Statistical Computing” Departmental financial assistance is not available to students in the MA or MABE programs. U.S. citizens and eligible non-citizens may apply for need-based financial aid in the form of work-study and loans, such as the Perkins Loans (formerly called National Direct Student Loans, or NDSL), Stafford Loans (formerly called Guaranteed Student Loans, or GSL), and the California Loan to Assist Students (CLAS). These financial aid programs are based entirely on demonstrated financial need and require a Free Application for Federal Student Aid (FAFSA) be filed. For further information and application materials, please contact: Office of Financial Aid There are many part-time university positions in the library, bookstore, computer center, tutorial center and student health services on campus. Interested students should contact these facilities directly. Many students also find off-campus employment in the local community. Below is a list of some of the organizations in which our recent graduates have found employment. The average yearly starting salary for graduates of the Master of Arts in Economics has been $62,000 per year.
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