If I were in your boat, I would write that I'm interested in understanding and researching the impact of switching from GAAP to IFRS on U.S. companies.
In terms of economics, not many masters level accounting classes touch economics directly. Cost management is the only class I can actually recall using economics. But obviously, yes, you'll need a lot of economics for a future PhD -- so I would mention that you're interested in studying financial statement analysis and its relationship to incentivized management behavior.
Hope these help get you thinking! Good luck!
Thank you so much!
You have given me a new perspective on how to illustrate my interests. This issue is certainly one of the biggest (and most likely) changes to come in the near future. On the topic of economics, I've actually already spoken to the BC's that I want to attend and most will allow me to take economics courses as my electives- this is my intention. But I have a wide variety of accounting coursework from which to choose for my core classes. This is where I've encountered the problem- I am not sure which of these courses best suites my end goal.
I am hoping someone can give me some ideas.