Buffalo State

Graduate Catalog 2016-2017

Applied Economics (M.A.)

Master of Arts Program

Program Code: MA-NS

Major Code: AEC

HEGIS 2204

Economics and Finance Department

Frederick Floss, Chair

Victor Kasper Jr., Graduate Director

Classroom Building B204, (716) 878-5132


The master of arts in applied economics is designed for students who want to gain an in-depth knowledge of modern economics and finance, particularly those interested in or already working in:

  • Financial institutions and finance departments in business and government
  • Policy-oriented and community service occupations in the private and public sectors
  • Economic and financial consulting and advising
  • High school business, economics, and social studies education

The program integrates real-world application with the latest theory and enhances opportunities for graduates in a broad range of occupations and institutions; the program also has prepared students for continued education at the Ph.D. level. In addition, it has prepared students to take the Chartered Financial Analyst (CFA) exam.

Admission Requirements:

  1. A bachelor’s degree from an accredited college or university with a minimum cumulative GPA of 2.7 (4.0 scale), or a master’s degree from an accredited institution with a minimum cumulative GPA of 3.0 (4.0 scale).
  2. Applicants who hold a bachelor’s degree but do not meet either of the above criteria may be admitted if they attain a minimum combined quantitative/verbal score of 290 on the Graduate Record Exam (GRE), attain an appropriate score on the Miller Analogies Test (MAT), or complete 6 credit hours of 500-level coursework at the college as an accepted premajor student with a minimum cumulative GPA of 3.5.
  3. Three letters of reference.
  4. A letter describing the applicant’s interest in the program.

In addition, all applicants should review the Admission to a Graduate Program section in this catalog.

Graduation Requirements: A minimum of 30 credit hours at the graduate level, including a minimum of 15 credit hours at the 600 level. Students also must complete required core courses and one of the following: a master’s project, a master’s thesis, or a comprehensive examination. A field of specialization is recommended but not required.

Program Requirements

Required Courses

12 cr

ECO 505

History of Economic Thought

ECO 507

Applied Microeconomic Theory

ECO 508

Applied Macroeconomic Theory

ECO 524

Applied Econometrics

Suggested Content Specialty Courses

A. Economic Policy Analysis Courses

Select three courses from the following:

ECO 600

Labor Economics

ECO 610

Economics of Education

ECO 612

Urban Economic Analysis

ECO 650

Public Finance

ECO 660

Cost-Benefit Analysis

B. Financial Economics Courses

Select three courses from the following:

ECO 650

Public Finance

FIN 619

Risk Management

FIN 622

Capital Markets

FIN 630

International Finance

FIN 645

Estate Planning and Taxation

Other Elective Courses1

3-9 cr

ECO 502

Workshop in Economic Education

ECO 510

Economics of Education

ECO 601

Engineering Economics (cross-listed as INT 601)

Master’s Project, Master’s Thesis, or Comprehensive Examination

3 cr

Select one option:

ECO 690

Master’s Project

ECO 695

Master’s Thesis

Comprehensive Examination (0)

Total Required Credit Hours

30 cr

1 Selected under advisement

All courses are 3 credit hours unless otherwise indicated.

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Graduate Programs at Buffalo State

Graduate Catalog 2016-2017

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Services and Facilities

Graduate Programs at Buffalo State

Graduate Programs by School

Adult Education (M.S. and Graduate Certificate)

Applied Economics (M.A.)

Art Conservation (M.A. and C.A.S.)

Art Education (M.S.Ed.)

Art Education (PTCP)

Biology (M.A.)

Biology Education (7–12, M.S.Ed.)

Business and Marketing Education (M.S.Ed.)

Business and Marketing Education (PTCP)

Career and Technical Education (M.S.Ed.)

Career and Technical Education (PTCP)

Chemistry Education (7–12; M.S.Ed.)

Childhood and Early Childhood Curriculum and Instruction (M.S.Ed.)

Childhood and Early Childhood Education (Birth–Grade 6; M.S.Ed.)

Creative Studies (M.S.)

Creativity and Change Leadership (Graduate Certificate)

Criminal Justice (M.S.)

Earth Science Education (7-12), M.S.Ed.


Educational Technology (M.S.Ed.)

Educational Leadership (C.A.S.) - Building

Educational Leadership (C.A.S.) - Building & District

English (M.A.)

English Education (7–12; M.S.Ed.)

English Education (7–12; PTCP)

Foreign Language Education (1-6 Extension; 7-12) (M.S.Ed.)

Forensic Science (M.S.)

French Education (7–12; PTCP)

Great Lakes Ecosystem Science (M.A.)

Great Lakes Ecosystem Science (M.S.)

Higher Education and Student Affairs Administration (M.S.)

History (M.A.)

Human Resource Development (Graduate Certificate)

Industrial Technology (M.S.)

Literacy Specialist (Birth Through Grade 12; M.S.Ed.)

Mathematics Education (7–12; M.S.Ed.)

Mathematics Education (7–12; PTCP)

Mathematics Education (7–12; 5–6 Extension; PTCP)

Multidisciplinary Studies (M.A. and M.S.)

Museum Studies (M.A.)

Museum Studies (Graduate Certificate)

Music Education (M.M.)

Physics Education (7–12; M.S.Ed.)

Physics Education (7–12; M.S.Ed. with Alternative Certification)

Professional Applied and Computational Mathematics (M.S.)

Public Administration in Public and Nonprofit Management (M.P.A.)

Public Management (Graduate Certificate)

Public Relations M.S.

Science Education (M.S.Ed.)

Social Studies Education (7-12; M.S.Ed.)

Social Studies Education (7-12; PTCP)

Social Studies Education (7-12; 5-6 Extension; PTCP)

Spanish Education (7-12; PTCP)

Special Education

Speech-Language Pathology (M.S.Ed.)

Teaching Bilingual Exceptional Individuals

Teaching English to Speakers of Other Languages

Technology Education (M.S.Ed.)

Technology Education (PTCP)

Guide to Course Descriptions

Course Descriptions

ACM - Applied & Computational Mathematics

ADE - Adult Education

AED - Art Education

ATS - Art Therapy Studies

BIO - Biology

BME - Business and Marketing Education

BUS - Business

BXE - Bilingual Exceptional Education

CHE - Chemistry

CIS - Computer Information Systems

CNS - Art Conservation

COM - Communication

CRJ - Criminal Justice

CRS - Creative Studies

CTE - Career and Technical Education

DAN - Dance

DED - Distributive Education

DES - Design

ECO - Economics

ECS - Elementary Education

EDL - Educational Leadership

EDU - Elementary Education

EDT - Educational Technology

ENG - English

ENT - Engineering Technology

ESL - English as a Second Language

EXE - Exceptional Education

FAR - Fine Arts

FIN - Finance

FLE - Foreign Language Education

FOR - Forensic Science

FRE - French

GEG - Geography

GES - Geology

GLC - Great Lakes Center

HEA - Higher Education and Student Affairs Administration

HEW - Health and Wellness

HIS - History

HPR - Coaching and Physical Education

INT - Industrial Technology

MAT - Mathematics

MCL - Modern and Classical Languages

MED - Mathematics Education

MET - Mechanical Engineering Technology

MST - Museum Studies

MUS - Music

NFS - Dietetics and Nutrition

OEC - Occupational Education

PAD - Public Administration

PHI - Philosophy

PHY - Physics

PLN - Planning

PSC - Political Science

PSM - Professional Science and Mathematics

PSY - Psychology

SCI - Science

SLP - Speech Language Pathology

SOC - Sociology

SPA - Spanish

SPF - Social Psychological Foundations

SSE - Social Studies Education

SWK - Social Work

TEC - Technology

TED - Technology Education

THA - Theater Arts

UED - Urban Education


Graduate Faculty