Economics - Electricity, Natural Gas, and Telecommunications Economics
The Electricity, Natural Gas, and Telecommunications Economics sequence is a structured program that combines training in basic economic theory and statistical methods with specialized training in the theory, history and institutions of economic of regulation. Students develop skills in analyzing regulatory policy and in communicating the results.
In addition, students may have the opportunity to gain valuable practical experience as an intern with an employer in the telecommunications, electric power, or natural gas industries, or with an appropriate government agency. Three hours of credit is awarded for this internship experience.
Graduates are awarded a master's degree in Applied Economics with a sequence in Electricity, Natural Gas and Telecommunications Economics. Associated with the sequence is the Institute for Regulatory Policy Studies. The institute provides a key link between the University and the telecommunications, electric power, and natural gas industries.
Students selecting this 34-hour sequence will be prepared for effective and successful careers as economists, analysts and planners with firms in the natural gas, electric, and telecommunications industries. The option is also suitable for careers with governmental agencies responsible for the regulation of public utilities, consumer advocacy organizations, and firms providing consulting and ancillary services.
Point of Pride
The Department of Economics is the first in the nation to offer a master's degree in Applied Economics with a sequence in Electricity, Natural Gas and Telecommunication Economics.
University Admission Requirements
A student applying to a master's program must:
- have earned a four-year bachelor's degree or its equivalent from a college or university that is accredited by the appropriate regional accrediting association, or do so within one academic year
- have a minimum 2.8 GPA (on a scale in which an A is a 4.0) for the last 60 hours of undergraduate work
- present official transcripts from each college or university other than Illinois State at which graduate, undergraduate, or non-degree credit was earned. Transcripts can be emailed from the university to Admissions@IllinoisState.edu or mailed in a sealed envelope to: Office of Admissions, 201 Hovey Hall, Campus Box 2200, Normal, IL 61790-2200
International students can learn more about specific application requirements by visiting the Office of Admissions.
Additional Program Admission Requirements
A student applying to this program must:
- submit official GRE Scores (use institutional code 1319). A minimum score of 295 combined verbal and quantitative is required.
- submit three letters of recommendation to:
Department of Economics
Illinois State University
Campus Box 4200
Normal, IL 61790-4200
- Fall (August) Term — March 1
- Fall (August) Term — May 1 for International students
- Spring (Fall) Term — October 1
- Summer (May/June) Term — No applications are accepted for summer
The University provides graduate assistantships as a means of financial support. They are intended as a way to facilitate a student's progress to degree while providing important professional development.
To be eligible for an assistantship a student must, generally,
- be admitted unconditionally as a degree-seeking student into a graduate academic program, or have a minimum of 120 undergraduate hours if in an integrated degree program
- be in good-standing
- be enrolled full-time (typically at least 9 credit hours during the fall or spring semesters, or at least 6 hours during the summer session).
Graduate assistants receive
- monthly wages paid in the form of either a stipend or an hourly wage
- a waiver for 100% of tuition during a semester of appointment
- a waiver for up to 12 credit hours of tuition for the summer term immediately following a fall or spring appointment
See Student Accounts for information on tuition and fees. Funding for graduate students is available from several different sources. Students who have been admitted from continuous states including Iowa, Indiana, Kentucky, Michigan, Missouri, and Wisconsin will receive in-state tuition.