Program accreditation
Association to Advance Collegiate Schools of Business

Program goal

Graduates of the Master of Arts in Economics program will have the knowledge and experience to qualify for a wide and rapidly expanding range of analyst positions in the private or public sectors. Graduates will be particularly well-suited for positions requiring modeling skills and substantial experience in the analysis and interpretation of firm-level, industry or macroeconomic data. A unique feature of the program is a three-course core sequence in applied econometrics. These courses emphasize the application of modeling techniques and data analysis though the introduction of cases and projects. Through these courses, students acquire a working knowledge of up-to-date powerful statistical software and broad experience in working with a variety of real data sets. The concentration in health economics will allow students with particular interest in the health sector and in health policy issues to specialize in health economics, a topic currently quite relevant.

Graduates of the Economics with a concentration in health economics, in addition to holding highly competitive terminal credentials as analysts, will find the program to be an outstanding bridge to doctoral work in programs such as the Ph.D. in Healthcare Policy and Research offered in the School of Medicine at VCU.

Student learning outcomes

  1. Students will be able to convey ideas about macroeconomic analysis effectively in oral and written communications.
  2. Students will use optimization techniques to develop demand and cost conditions from specifications of underlying utility and technology. Specifically, given a simple functional form for utility, students will be able to solve for optimal individual demand and, given a production technology, students will be able to solve for the firm’s cost curves.
  3. Students will understand and know how to apply quantitative macroeconomic models.
  4. Students will critically evaluate the validity of conclusions drawn from econometric models by others who have access to the primary data.

VCU Graduate Bulletin, VCU Graduate School and general academic policies and regulations for all graduate students in all graduate programs

The VCU Graduate Bulletin website documents the official admission and academic rules and regulations that govern graduate education for all graduate programs at the university. These policies are established by the graduate faculty of the university through their elected representatives to the University Graduate Council.

It is the responsibility of all graduate students, both on- and off-campus, to be familiar with the VCU Graduate Bulletin as well as the Graduate School website and academic regulations in individual school and department publications and on program websites. However, in all cases, the official policies and procedures of the University Graduate Council, as published on the VCU Graduate Bulletin and Graduate School websites, take precedence over individual program policies and guidelines.

Visit the Graduate study section for additional information on academic regulations for graduate students.

Degree candidacy requirements

A graduate student admitted to a program or concentration requiring a final research project, work of art, thesis or dissertation, must qualify for continuing master’s or doctoral status according to the degree candidacy requirements of the student’s graduate program. Admission to degree candidacy, if applicable, is a formal statement by the graduate student’s faculty regarding the student’s academic achievements and the student’s readiness to proceed to the final research phase of the degree program.

Graduate students and program directors should refer to the following degree candidacy policy as published in the VCU Graduate Bulletin for complete information and instructions.

Visit the Graduate study section for additional information on degree candidacy requirements.

Graduation requirements

As graduate students approach the end of their academic programs and the final semester of matriculation, they must make formal application to graduate. No degrees will be conferred until the application to graduate has been finalized.

Graduate students and program directors should refer to the following graduation requirements as published in the Graduate Bulletin for a complete list of instructions and a graduation checklist.

Visit the Graduate study section for additional information on graduation requirements.

Other information

School of Business policies and procedures for graduate master’s degree students are available on the school’s website at

Apply online at

Admission requirements

Degree: Semester(s) of entry: Deadline dates: Test requirements:
M.A. Fall Jul 1 GMAT or GRE
Spring Nov 1
Summer Mar 1

In addition to the general admission requirements of the VCU Graduate School, applicants to the Master of Arts in Economics degree program with a concentration in health economics must complete complete various prerequisite courses as enumerated in the degree requirements section. Prerequisite and/or foundation courses may be taken after admission.

Degree requirements

In addition to the VCU Graduate School graduation requirements, the M.A. in Economics with a concentration in health economics requires 30 credit hours of 600-level courses. The 30 hours must include six core courses and four restricted electives.

Prerequisite and/or foundation courses may be waived for students who present satisfactory equivalent preparation at either the undergraduate or graduate level. This determination is made by the faculty adviser at the time of admission.

Prerequisite undergraduate course

MATH 200Calculus with Analytic Geometry4
or ECON 403 Introduction to Mathematical Economics

Curriculum requirements

Foundation courses
ECON 500Concepts in Economics3
ECON 501Introduction to Econometrics3
Required courses
ECON 604Advanced Microeconomic Theory3
ECON 607Advanced Macroeconomic Theory3
ECON 612Econometrics3
ECON 614Mathematical Economics3
ECON 641Econometric Time-series Analysis3
ECON 642Panel and Nonlinear Methods in Econometrics3
Restricted electives
Select four of the following:12
Health System Organization, Financing and Performance
Health Care Managerial Accounting
Financial Management in Health Organizations
Health Analytics and Decision Support
Health Care Politics and Policy
Health Economics
Introduction to Health Policy
Health Economics: Theory and Principles
Statistical Methods in Analysis of Healthcare Research

Total graduate credit hours required (minimum) 30 (36 if all foundation courses are required)

Graduate program director
Colleen Androvich Davis
Senior director, master’s programs
Phone: (804) 828-4622

Additional contact
Jana P. McQuaid
Associate dean, master’s programs
Phone: (804) 828-4622

Program website: