Master of Science in Economic Development

Economic development practitioners deal with issues in city, regional and urban planning, demography, economics, geography and mapping, political science, education, infrastructure, marketing, tourism, business recruitment, recreation and hospitality, among other disciplines.

A Master of Science in Economic Development degree from Murray State University prepares students to work in the field of local and regional economic development. Students gain classroom and practical training in the methods of economic development.

The Murray State Master of Science in Economic Development program can be completed either on Murray State’s campus or in an online format. The degree is open to both full- and part-time students. Full-time students should complete the degree in three semesters plus one summer.

Students will be trained in using Geographic Information System (GIS) and other statistical as well as economic methods to inform economic development decisions. In addition, directed study courses allow students to do advanced work in topic areas of their choice, and the capstone project allows the student to prepare and present a significant, independent project in an area of their interest or job responsibilities.

Career Options

  • Executive Director of Economic Development Corporation
  • City Planner
  • State Planner
  • Federal Government Economic Development Agency
  • Community Planner
  • Corporate Strategy

Admission Criteria

  • Applicants must meet the Murray State University admission requirements,
  • Minimum GPA of 2.75 and a GMAT score of 450 (or GRE score of 289) or
  • Minimum GPA of 3.00 and a GMAT score of 400 (or GRE score of 286).

Master of Science in Economic Development

Course requirement Hours
Total course requirements Total hours: 30
ECO 610 Introduction to Economic Development 3 hours
ECO 611 Economic Development Methods 3 hours
ECO 655 Cost-Benefit Analysis 3 hours
FIN 610 Economic Development Finance 3 hours
ECO 615 Directed Study in Economic Development* 3 hours
ECO 618 Internship in Economic Development 3 hours
ECO 617 Comprehensive Project in Economic Development 3 hours
Elective Courses** 9 hours

* The Directed Study course provides the student the opportunity for further study in specialized areas of economic development according to their interests. The topic areas correspond with elective areas required for IECD certification.

** Student interest and career path will determine elective courses (nine hours to be approved by advisor) which could include elective hours in public administration, nonprofit leadership studies, economics, statistics, geosciences and marketing.

The M.S. program in Economic Development combines academic learning with practical application to equip the next generation of economic development professionals. Courses regularly feature input and lectures from economic development professionals.

Graduate Programs Tuition & Fees

Contact Information

Dr. Simone Silva
Department of Economics and Finance
307 Business Building
Murray, KY 42071