I. INTRODUCTION

The Economics Department at The University of Akron offers a Master of Arts (M.A.) in Economics. The program is designed to meet the needs of a wide range of part-time or full-time students, providing opportunities for:

The purpose of this handbook is to provide detailed information on the master’s program. It contains information on course requirements, departmental guidelines, the composition of the faculty, special features of the program, and other technicalities. Since it is not possible to foresee all individual needs, students are encouraged to discuss their plans and goals with the graduate advisor in Economics. The current advisor is Dr. Gasper Garofalo. Please contact him at by phone at (330) 972-7548, or by fax at (330) 972-5356, or e-mail at ggarofalo@uakron.edu if you have questions or wish to set up an appointment.

 

II. DEPARTMENTAL DEGREE REQUIREMENTS

A minimum of 30 credits of course work is required. Students must take the following core courses:

3250:602 Macroeconomic Analysis I

3250:611 Microeconomic Theory I

3250:620 Applications of Mathematical Models to Economics

3250:626 Statistics for Econometrics

In addition to the core courses, students also have to complete 18 additional credits of electives. At least 9 of the 18 elective credits must be at the 600 level in economics. Electives taken outside the department must be approved in advance by the graduate advisor. Students can elect to write a thesis. It must be written in an area of specialization in which they have taken at least two courses. The thesis will also meet the requirements of 6 of the 18 elective credits. (See Appendix A for guidelines regarding the thesis option.)

III. COURSE LISTING

A. AREAS OF CONCENTRATION

1. Economic Theory and Policy

3250:58l Monetary and Banking Policy

3250:603 Macroeconomic Analysis II

3250:606 Economics of the Public Sector

3250:612 Microeconomic Theory II

3250:683 Monetary Economics

2. Quantitative Methods

3250:527 Economic Forecasting

3250:621 Application of Linear Models in Economic Analysis

3250:627 Econometrics

3250:628 Seminar in Research Methods

3. Urban and Regional Economics

3250:587 Urban Economics

3250:666 Seminar on Regional Economic Analysis and Development

4. International Economics

3250:561 Principles of International Economics

3250:670 International Monetary Economics

3250:671 International Trade

5. Labor Economics

3250:633 Theory of Wages and Employment

3250:530 Labor Market Policy

3250:639 Public Sector Labor Markets

 

B. OTHER ECONOMICS GRADUATE COURSES

3250:540 Special Topics: Economics

3250:550 Comparative Economic Systems

3250:560 Economic Development and Planning for Underdeveloped Countries

3250:575 Development of Economic Thought

3250:591 Workshop in Economics

3250:610 Framework of Economic Analysis

3250:697 Reading in Advanced Economics

3250:698 Reading in Advanced Economics

3250:699 Master’s Thesis

IV. DEPARTMENTAL ACTIVITIES

A. Economics Club

It has been our experience that both students and faculty benefit when there is an opportunity to get to know one another outside the classroom. Fortunately, the department has organized a campus club known formally as the Economics Club that is open to anyone interested in economics. Our goals include providing various social and academic activities as well as providing information on employment opportunities. On-campus activities include guest speakers in such areas as economic forecasting, city planning, banking, public utilities regulation, labor problems, and health economics. Off-campus activities include occasional parties and field trips. All students will receive notice of upcoming activities and everyone is encouraged to attend. Don't make the mistake of going through graduate school without becoming involved!

B. Economics Honor Society - Omicron Delta Epsilon (ODE)

The Economics Department at The University of Akron received a charter in 1966 as the IOTA Chapter of Omicron Delta Epsilon (ODE). The objectives of this international organization are to recognize scholastic achievement and to promote closer ties between students and faculty in the same school and with economists at other schools. Currently, ODE has over 120 chapters with more than 28,000 members. Graduate students will be judged solely on their graduate work and will be considered for admission after completing one semester of full time course work with a grade point average of 3.0 or better. The department holds an annual spring banquet where students who meet the requirements are inducted into ODE and receive recognition for their outstanding achievements.

 

C. Emile Grunberg Lecture Series

The Department of Economics and Buchtel College of Arts and Sciences inaugurated the Emile Grunberg Lecture Series in the Spring of 1988. The series honors the late Emile Grunberg, professor emeritus and eminent scholar in the fields of economic methodology and the philosophy of science. Professor Grunberg had a long and distinguished career with a publication record spanning over 50 years--from 1932 to 1986. He was on our faculty for approximately 20 years and served as department chair for 13 of those years.

To date, we have been privileged to have had eleven distinguished economists participate in the series: Nobel Laureates Herbert A. Simon (Carnegie-Mellon); Franco Modigliani (MIT); James Tobin (Yale); Robert Solow (MIT); Kenneth Arrow (Stanford); Lawrence Klein (University of Pennsylvania); Harry Markowitz (Baruch College); Douglass North (Washington University); and James Mirrlees (University of Cambridge, England). Also participating have been Richard Cyert, President Emeritus of Carnegie-Mellon University, and William W. Cooper (University of Texas at Austin). Nobel Laureates Robert Fogel (University of Chicago) and John Harsanyi (University of California, Berkeley) are tentatively scheduled to deliver the 12th and 13th lectures, respectively. We anticipate the lecture series will continue to present renowned economists for many years to come.

 

V. ADDITIONAL INFORMATION

A. Advancement to Candidacy and Graduation

Students may apply for Advancement to Candidacy after completion of one-half of the credits required for the degree in the program. Advancement to Candidacy forms are available in the Graduate School or in the department. Advancement to Candidacy will not be granted to a student who is not in good standing. (See Appendix B for the current regulations pertaining to academic performance and possible dismissal.) Students must also submit an application for graduation to the Graduation Office in Spicer Hall, Room 113. The Graduation Office generates a Degree Clearance Form (DCF) which serves to verify eligibility for graduation. The Graduation Office also sends the DCF to Graduate School where it is checked against the advancement to candidacy and all requirements. Only after all requirements are met and so certified will the Registrar issue a letter of completion to the student.

 

B. Advising

All students entering the graduate program are assigned an advisor. Currently the graduate advisor is Dr. Gasper Garofalo, phone (330) 972-7548, fax (330) 972-5356, or e-mail ggarofalo@uakron.edu. Students must consult the advisor regarding class sequencing, requirements, electives, permission to take a course outside the department, and proper University procedures. Students should meet with the graduate advisor at least once each semester.

 

C. Financial Aid

Departmental Assistance

The department awards approximately 12 graduate assistantships to qualified students. Assistantships are normally awarded for up to two years of master's study. These assistantships currently provide a stipend of $7,000 plus remission of graduate level tuition, a reduced fee parking permit, and a 15% discount at the University bookstore (some fees will be the responsibility of the student.) A graduate assistant works under the direction of the department chair on duties associated with teaching and research. A graduate assistant must maintain good academic standing and make satisfactory progress towards his/her graduate degree.

The department also awards a limited number of tuition waiver scholarships. This award carries no stipend, but does provide remission of graduate level tuition, a reduced fee parking permit, and a 15% discount at the University bookstore (some fees will be the responsibility of the student.) Again, you must maintain good academic standing and make satisfactory progress towards your graduate degree. Both assistantships and tuition waiver scholarships will not cover undergraduate course work or any courses you may wish to audit.

Occasionally, graduate students have received financial support as a result of faculty members’ involvement in various federally funded research projects from entities such as the Department of Agriculture, Agency for International Development, and Department of Labor.

University Assistance

Graduate students at The University of Akron who need financial aid may be eligible for federal loan assistance or University programs such as scholarships and the installment payment plan. Students need to complete the following steps to be considered for financial aid:

1. Apply for graduate admission to The University of Akron.

2. Apply for financial aid at the University by completing a Free Application for Federal Student Aid (FAFSA). Applications are available in January for the following school year and may be obtained from the Office of Student Financial Aid.

For more specific information and application forms, please contact the Office of Student Financial Aid in Spicer Hall, Room 119, phone (330) 972-6338, or the Installment Payment Plan Office in Spicer 105, phone (330) 972-5100.

 

D. Placement

Our graduates have been successful in obtaining professional placement upon completion of the master’s degree. Current and/or former students have worked in government, commerce, and industry. Some of the placements in the federal government include the Federal Reserve System, U.S. General Accounting Office, U.S. Department of Commerce, and Federal Energy Regulatory Commission. Some of our graduates have also found jobs with state and local and municipal governments. Of those in commerce and industry, most are with major manufacturing firms, brokerage houses, and banks. Employees seeking to gain promotion in their companies and advanced professionals wanting to keep current in their areas of specialization have also found the program helpful.

In addition, the department has been very successful in assisting its students in entering Ph.D. programs. Upon completion of the program, our students are well-grounded in economic theory and the quantitative tools of analysis. They have proved competitive and successful in various Ph.D. programs including those at Case Western Reserve University, University of Michigan, Michigan State University, State University of New York, Ohio State University, University of Pittsburgh, Rutgers University, Washington State University, and University of Wisconsin.

 

E. Transfer Students

Students who desire to transfer credits from other institutions must make a formal application to the graduate committee. A maximum of one third of the total graduate credits required may be transferred from another accredited college or university. All transfer credit must be at the A or B level in graduate courses. The credits must be relevant to the student's program and fall within the six-year limit. The graduate committee will allow the transfer only if it is established that courses under consideration are effective alternatives for the courses offered by the Department of Economics. Under normal circumstances the graduate committee will not approve transfer credits in lieu of the core courses. Transfer credit shall not be recorded until a student has completed 12 semester credits at The University of Akron with a grade point average of 3.00 or higher.

 

F. University Rules and Regulations

Every member of the University community has an obligation to become familiar with the rules and regulations that govern our behavior at the University. Three important sources of this information are: The University of Akron Graduate Bulletin and The University of Akron Graduate Assistantship Handbook, both available at Graduate School in Polskys, Room 467; and, University Rules and Regulations Concerning Campus Conduct and Student Discipline, available in the Student Conduct Office, Gardner Student Center, Room 104.

 

G. Workshops

The department offers workshops involving department faculty, faculty from other universities, graduate students, and visitors. In the workshops, ongoing research by the faculty is presented. First-year graduate students are invited to attend the workshops while second-year students are encouraged to participate. Students who elect the thesis option or writing a master's paper are particularly encouraged to present their research in these workshops, thereby receiving frequent evaluation and avoiding precipitous changes in the direction of their research.

 

 

 

  1. DEPARTMENT OF ECONOMICS

 

Chair and Advisors

Dennis Byrne Department Chair and Professor. Ph.D, University of Notre Dame, 1975.

Specialties: Labor economics, industrial relations.

Gasper Garofalo Graduate Advisor and Professor. Ph.D., University of Pittsburgh, 1974.

Specialties: Urban and regional economics, applied microeconomics.

Elizabeth Erickson Undergraduate Advisor and Associate Professor. Ph.D., University of Illinois, 1972.

Specialties: Agricultural economics, environmental economics, development.

 

Faculty

Sucharita Ghosh Assistant Professor. Ph.D., University of Kansas, 1993. Specialties: International trade and finance, macroeconomics, econometrics.

Randall King Professor. Ph.D., Ohio State University, 1978.

Specialties: Labor economics, applied microeconomics, economic history.

Lung-Ho Lin Associate Professor. Ph.D., University of Notre Dame, 1974. Specialties: Monetary theory and policy, economic forecasting, macroeconomics.

Devinder Malhotra Associate Dean of the Buchtel College of Arts and Sciences and Professor.

Ph.D., Kansas State University, 1979.

Specialties: Regional economics, applied microeconomics.

Robert McGuire Professor. Ph.D., University of Washington, 1978.

Specialties: Economic history, public choice, applied microeconomics.

Steven Myers Interim Associate Vice President for Information Services and Associate Professor.

Ph.D., Ohio State University, 1980.

Specialties: Econometrics, labor economics, public finance.

Gary Sellers Associate Professor. Ph.D., University of Cincinnati, 1977.

J.D., University of Akron, 1990.

Specialties: Industrial organization, law and economics.

Richard Stratton Associate Director of the Institute for Policy Studies and Associate Professor.

Ph.D., University of Connecticut, 1977. Specialties: Labor economics, labor and employment law, applied microeconomics.

Dongwei Su Assistant Professor. Ph.D., Ohio State University, 1997.

Specialties: Financial economics, econometrics, Chinese economy.

Steven Yamarik Assistant Professor. Ph.D., University of North Carolina, 1996.

Specialties: Macroeconomics, monetary economics, econometrics.

APPENDIX A

GUIDELINES FOR STUDENTS WHO TAKE THE THESIS OPTION

 

1. If a student selects the thesis option, a thesis must be written in an area of specialization in which the individual has taken at least two courses.

2. Thesis Advisor

A member of the graduate faculty selected by the student will direct the thesis. The student must contact the faculty member and request he/she serve as the advisor. If the faculty member accepts, it is the student's responsibility to notify the chairperson of the graduate committee.

3. Thesis Committee

The thesis committee member is selected jointly by the student and thesis advisor. This committee functions to approve the thesis proposal, work closely with the student as the thesis progresses, and serve on the final oral defense examining committee. The committee should include at least two graduate faculty members. This committee must be formed as soon as possible after the thesis advisor is selected. Once the committee is formed, the student must notify the chairperson of the graduate committee in writing of the member composition.

4. Thesis Proposal

A proposal of approximately 10 to 20 double-space typewritten pages is to be prepared by the student. The thesis committee shall approve or disapprove the proposal. The proposal should follow as closely as possible the following outline:

a. Introduction: Statement of the problem, research questions, and importance of topic should be presented in this section.

b. Theory and hypothesis: A sufficient level of theory and literature review should be presented in this section. The student should also present the plan for direction of research, including tentative hypothesis in this section.

c. Method of analysis: The student should present the data requirements, data availability, and/or analytic techniques in this section.

d. Contribution of thesis: In this section, the student should discuss the merits of his/her thesis.

e. Time frame for completion: An estimated timetable for completion of the thesis should be tentatively set up and presented in this section.

Once the committee accepts the proposal, the department's acceptance form is signed, attached to a copy of the proposal, and placed in the student's file.

5. Thesis style and format should follow the University's Latest Guidelines for Preparing A Thesis and Dissertation.

 

6. Oral Defense of the Thesis

When the thesis is completed, a final draft must be submitted to each committee member for evaluation at least eight weeks prior to graduation. If the committee judges that the thesis is ready to be defended, then the advisor will set the date and time for the defense no later than two weeks prior to the end of classes. Faculty may attend the defense with the consent of the thesis advisor. The committee will examine the student on all relevant and pertinent aspects of the thesis.

APPENDIX B

REGULATIONS PERTAINING TO ACADEMIC PERFORMANCE

A student admitted to graduate study under any status at The University of Akron is expected to maintain a minimum of a 3.0 grade-point average (4.0=A) at all times. A GPA of 3.0 or better is required for graduation. Any student whose average falls below 3.0 is no longer in good standing in the Graduate School and will be placed on probation. A full-time student who does not return to good standing within two semesters (excluding summer) will be dismissed. Part-time students who do not return to good standing after attempting 15 additional credits will be dismissed. The Dean of the Graduate School, with the approval of the Department Chair, may also dismiss any student who fails to make satisfactory progress toward his/her declared goals or who accumulates six (6) semester hours of C+ or below. The accumulation of six (6) semester hours of F will result in mandatory dismissal. Any student dismissed from Graduate School for academic reasons may not be readmitted for one calendar year, and then only if evidence for expecting satisfactory performance is submitted and found acceptable. Please refer to The University of Akron Graduate Bulletin for additional information.