4+1 Program

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Gleeson Library

The 4+1 program offers students an opportunity to earn both a Bachelor’s and a Master’s degree within five years, at a lower cost compared to doing both degrees separately. Students can obtain one of two Master’s degrees:

  • MS Applied Economics—emphasizes economic concepts and empirical analytic techniques necessary for understanding the digital economy.
  • MS International and Development Economics—emphasizes training in empirical research methods related to poverty and growth in developing countries.

Program Learning Outcomes

Both programs provide excellent training in applied economic research and data analysis that can be used in a variety of careers. Graduates of the MS Applied Economics program are particularly well trained for roles in technology or consulting firms in the private sector, or as policy analysts in the public sector. Graduates of the MS International and Development Economics pursue internationally-oriented careers working in public policy, NGOs, or business in developing countries. The BS/MS program also makes excellent preparation for a PhD program in economics or in related fields such as business, public policy, or political science.

Admission

Students can join the 4+1 program from any major if they fulfill the following requirements:

  • Sophomore standing
  • Complete Math 101, Econ 111, 112, 311, and 312 with C or better in each.
  • 3.5 GPA in the major.
  • Transfer students must take at least two economics courses at USF before applying.

​If you have completed these requirements, you may join with a simple change of academic program form.

Students may begin to take graduate-level courses when they achieve junior-level standing at the university.

Students graduate with the BS and officially matriculate into the MS program upon completion of college graduation requirements.

Undergraduate requirements

  • Undergraduates must complete 44 units for the major.
  • Up to 9 units of graduate-level coursework included in these 44 units may also be used to satisfy graduate program unit requirements.
    • ECON 111 Principles of Microeconomics
    • ECON 112 Principles of Macroeconomics
    • ECON 311 Intermediate Microeconomics
    • ECON 312 Intermediate Macroeconomics
    • ECON 318 Game Theory
    • MATH 101 Elementary Statistics
    • MATH 109 Calculus and Analytic Geometry I
    • MATH 110 Calculus and Analytic Geometry II
    • ECON 320 or ECON 620 Econometrics
    • ECON 415 or ECON 615 Mathematics for Economists
  • Additional units may be completed by taking electives. These may be any Economics courses numbered 300 or higher, any Math courses numbered 200 or higher, BSDS 100, CS 110, CS 112, CS 161, or any Computer Science courses numbered 200 or higher.
  • Students must maintain a 3.5 average, and all courses must be passed with a C or better.
  • The ECON 425/427 undergraduate capstone course requirement is replaced by the graduate program requirement of ECON 690.
Graduate Equivalents:

 

  • Economics 620 may replace Economics 320.
  • Economics 615 may replace Economics 415.
  • Note that these graduate courses are 3 units each, not 4.

Graduate Program Requirements (both MS programs)

  • ECON 601 Microeconomics: Theory and Applications
  • ECON 615 Mathematics for Economists (ECON 415 taken at USF can substitute with a grade of A- or better)
  • ECON 620 Econometrics (ECON 320 taken at USF can substitute with a grade of A- or better)
  • ECON 690 Graduate Seminar
  • Up to 9 units of graduate level courses counted toward the 44-unit undergraduate major total may also be counted towards course and unit requirements for the MS program.

Additional MSAE requirements

  • 33 units total, which must include:
    • 12 units specified above (Econ 601, 615, 620, 690)
    • ECON 611 Computation
    • ECON 630 Microeconomics for the Digitized Economy
    • Two other courses from a list of designated courses in Advanced Empirical Methodology
    • 9 additional units of 600-level economics coursework or substitutes pre- approved by the Program Director.
    • Up to 15 units of graduate level courses taken prior to graduation from the BS may be counted toward the total of 33 required for the MSAE.

Additional MS-IDEC requirements

  • 36 units total, which must include:
    • 12 units specified above (Econ 601, 615, 620, 690)
    • ECON 602 Macroeconomics
    • ECON 627 Applied Econometrics
    • ECON 623 Field Research Methods
    • ECON 670 International Economics
    • ECON 672 Development Economics
    • ECON 673 Development Microeconomics OR ECON 674 Development Macroeconomics
    • One other 600-level Econ class from the approved elective list specified in MS-IDEC catalog entry
    • Up to 18 units of graduate level courses taken prior to graduation from the BS may be counted toward the total of 36 required for the MSAE.
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