The Department of Economics at Iowa State University presents a unique tradition of excellence in graduate education, overseeing M.S. and Ph.D. degree programs in both economics and agricultural economics. Since the granting of the first M.S. degree in 1913 and the first Ph.D. in 1925, students have come to Ames from many states and nations to receive graduate instruction in economics. Graduates fill vital positions in academia, government, and businesses around the world.