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College of Arts & Sciences Economics Department Lerner

Master's Program - Economics

Offered in Chicago

Roosevelt is one of the few universities in the United States where students can study economics from heterodox points of view. A commitment to pluralism, intellectual tolerance, and diversity of thought and method are essential to the Roosevelt approach to economics. Courses at Roosevelt include eclectic, institutionalist, feminist, post-Keynesian, and Marxist approaches to economic analysis in addition to standard Neoclassical and Keynesian approaches. Our objective is not to replace one orthodoxy with another but rather to encourage students to view economics as an evolving discipline that can help them make sense of the world around them. 

Our goal is to provide students with theoretical lenses and analytical skills with which they can critically examine political, social and economic issues, weigh evidence, ask questions, analyze policy, develop their intellectual curiosity, contribute as citizens and professionals to a more humane, just, and prosperous world, and prepare themselves for a successful and meaningful career. 

The faculty view economic institutions such as private and public enterprise, regulated and free markets, and fiscal and monetary policy, as instruments rather than goals. An early and distinguished member of the faculty, Abba Lerner (at Roosevelt 1948-1958), once wrote that “the only goal is the well being of people, everything else is the means for serving it.” Institutions and policies, he argued, should be evaluated in terms of their effects on living standards, social justice, freedom of the individual, and their potential to contribute to the full and free development of all the members of society. Today’s faculty members proudly follow in Lerner’s footsteps.

The MA program is designed for students whose career goals include:

  1. graduate studies preparing for the Ph.D. degree;
  2. working as business, financial, government, or labor economists;
  3. working for social service, social activist, and philanthropic organizations; or
  4. teaching in secondary schools and community colleges.

Economist internships at local government offices, social service agencies, non-profit organizations, and for profit businesses are available, for credit, to assist students in career choice and development. Chicago is a dynamic city and major world center of finance, business, government, social activism, and philanthropy. Our internship program provides students with opportunities in all these areas.

Job opportunities

Nationwide, economics graduates continue to be well paid and in demand. The American Economics Association maintains a clearinghouse of job opportunities for economists (MA and PhD). You can see it by clicking here. To see the United States Bureau of Labor Statistics report on the economics profession in its Occupational Handbook, click here.

The skills acquired in studying economics are applicable to a wide variety of job responsibilities and many occupations. Roosevelt economics graduates have pursued careers in teaching, urban planning, statistical analysis, the law, labor research, financial analysis, and journalism, among others.

Complete information about the Economics MA.

For additional information on the M.A. program in Economics please contact the graduate advisor:  

Prof. Gary Langer, Director, Graduate Studies, 312-341-3890,