10 Most Affordable Online Master's in Economics Degrees 2026

An online master’s in economics lets you grow your knowledge while keeping costs manageable. With courses in economic theory, data analysis, and applied research, you’ll be ready for roles in business, government, or education. 

These programs are flexible, making it easier for you to study around work or family commitments. Affordable tuition and financial aid also help make graduate study more accessible. Below, you’ll find affordable online master’s in economics programs worth exploring.

What Is an Online Master’s in Economics Degree?

An online master’s in economics is a graduate program that blends economic theory, research, and hands-on problem-solving. You’ll take courses such as: 

• microeconomics 
• macroeconomics 
• econometrics 
• global markets 

You’ll also build valuable skills in data analysis and critical thinking. Some programs let you choose electives in areas like public policy, labor economics, or finance, so you can match your studies to your goals. Because classes are fully online, you can learn from anywhere while managing your schedule and preparing for new career opportunities.

How Much Does an Online Economics Master’s Cost?

The cost of an online economics master’s degree can vary a lot. Most programs charge between $400 and $1,000 per credit, with total tuition usually ranging from $15,000 to $40,000. Your final cost may depend on residency status, required credits, and additional fees. 

Some schools charge the same rate for online students no matter where you live, which can save you money. You can further reduce your out-of-pocket costs through federal aid, scholarships, and even employer tuition assistance. 

Cheapest Online Master’s in Economics Degree Programs

The ranked list below highlights the cheapest online master’s in economics degree options. Each program is accredited, affordable, and designed to prepare you with practical skills for careers in research, business, or public policy.

1. Georgia Southern University

Georgia Southern University offers a fully online Master of Science (MS) in applied economics that gives you the flexibility to study while working full time. The 30-credit program teaches quantitative analysis, applied research, and policy evaluation. Courses cover topics like advanced microeconomics, econometrics, and global economic policy, and you’ll gain experience using industry-standard software and tools. 

Faculty bring academic expertise and professional background to the classroom, giving you guidance that is practical as well as scholarly. This degree is well suited if you’re aiming for roles in business, finance, or government, or if you’re planning to continue into doctoral research.

• Estimated tuition cost: $367 per credit hour
• Financial aid: Federal aid, scholarships, and military education benefits are available for qualified students.
• Accreditation: Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)

2. University of Florida 

The University of Florida offers a 100% online Master of Arts (MA) in economics with a concentration in econometric and data analysis, designed for working professionals who want to advance in a data-driven economy. This one-year program covers advanced microeconomics, applied economic theory, and cutting-edge tools like R and Python, giving you skills that apply directly to industries such as technology, finance, consulting, and government. 

You’ll also gain global insights into trade, financial markets, and public policy. With no GRE requirement and a flexible online format, the program makes it easier to balance work and school while learning from expert faculty at one of the nation’s top public universities.

• Estimated tuition cost: $448 per credit hour (in-state); $853 per credit hour (out-of-state)
• Financial aid: Federal aid and UF scholarships are available.
• Accreditation: SACSCOC

3. Northwest Missouri State University

Northwest Missouri State University (NMSU) offers an online Master of Business Administration (MBA) in agricultural economics that combines core business training with specialized knowledge in agriculture and data analysis. Courses cover topics such as business strategy, marketing, accounting, financial management, and international trade, along with agricultural economics and empirical data applications. 

Designed in an accelerated seven-week format, the program allows you to progress quickly without sacrificing depth. Graduates are prepared for leadership roles in agribusiness, farm and ranch management, policy analysis, or agricultural operations. With a flexible online format, this MBA is a practical option for working professionals ready to strengthen their skills and advance their careers.

• Estimated tuition cost: $464 per credit hour
• Financial aid: Federal aid and institutional scholarships are available.
• Accreditation: Higher Learning Commission (HLC)

4. Auburn University at Montgomery 

Auburn University at Montgomery (AUM) offers a STEM-designated online MS in applied economics that combines theory with practical, real-world applications. The program features courses such as Econometric Modeling and Forecasting, Managerial Economics, Financial Economics, and Time Series Econometrics. 

With a 9:1 student-to-faculty ratio, you’ll benefit from personalized attention and expert instruction. Graduates are prepared for careers as economic, financial, research, and policy analysts, as well as roles in management and budget analytics. You’ll also gain support through AUM’s Career Development Center, which provides guidance, resources, and opportunities to help you achieve your professional goals.

• Estimated tuition cost: $483 per credit hour (in-state); $531 per credit hour (out-of-state)
• Financial aid: Federal aid, scholarships, and assistantships are available.
• Accreditation: SACSCOC

5. University of North Dakota

The University of North Dakota’s (UND) MS in applied economics and predictive analytics combines economic training with hands-on data skills. This online program consists of 30 credits that can be finished in two years, with flexible pacing for working professionals. You’ll study microeconomics, econometrics, forecasting, and data visualization.

Since UND values practical application, you will analyze real data sets and complete projects that mirror professional work. By the time you graduate, you’ll be equipped to translate economic theory into actionable insights, making you a strong candidate for leadership roles or further academic study.

• Estimated tuition cost: $541 per credit hour
• Financial aid: Federal aid, scholarships, assistantships, and military benefits are available for qualifying students.
• Accreditation: HLC

6. University of Missouri 

The University of Missouri offers an online MA in economics that helps you develop analytical and problem-solving skills with wide career relevance. The 30-credit program can be completed completely online and includes coursework in microeconomic and macroeconomic theory, quantitative analysis, and applied economics. 

Created for professionals, the program emphasizes critical thinking and data-driven decision-making you can use in business, government, or nonprofit organizations. This program will equip you with tools to evaluate complex problems and craft effective solutions.

• Estimated tuition cost: $551 per credit hour
• Financial aid: Federal student aid, scholarships, and graduate assistantships are available to qualified students.
• Accreditation: HLC

7. Liberty University

Liberty University offers an online MBA in economics that combines core business training with advanced study of markets and policy. You’ll explore microeconomic and macroeconomic theory, international trade, monetary policy, and the impact of global economic trends on business decision-making. The program also integrates a biblical worldview, helping you connect ethical leadership with practical business skills. 

Offered 100% online, the MBA provides flexibility for working professionals while preparing you for roles such as analyst, consultant, or economist in corporate, nonprofit, or government settings. The program will prepare you for both professional excellence and values-based leadership.

• Estimated tuition cost: $580 per credit hour
• Financial aid: Federal aid, scholarships, military benefits, and payment plans are available for eligible students.
• Accreditation: SACSCOC

8. Murray State University 

Murray State University (MSU) offers an online MS in economic development that prepares you to strengthen communities and economies through applied learning. Courses cover city and regional planning, workforce development, business recruitment, and sustainable community growth, while training you in tools like Geographic Information Systems (GIS), IMPLAN, and advanced economic methods. 

The program features flexible 7.5-week sessions, allowing you to complete your degree in as little as 12 months. Students may also receive transfer credit or recognition for prior professional experience, making the degree even more accessible. Graduates are prepared for roles such as city or community planner, executive director of an economic development corporation, or strategy specialist in government or industry.

• Estimated tuition cost: $618 per credit hour
• Financial aid: Federal aid, graduate assistantships, and scholarships are available.
• Accreditation: SACSCOC

9. Emporia State University

Emporia State University offers a MS in informatics with a concentration in quantitative economics that blends data science with economic reasoning. This 36-credit-hour STEM program prepares you to turn complex data into actionable insights through advanced coursework in statistics, coding, and analytics. The degree is available fully online, with hybrid options for those who want occasional on-campus interaction. 

You’ll gain the tools to analyze large datasets, apply econometric methods, and strengthen decision-making across industries. Career paths are diverse, ranging from business intelligence and market research to legal informatics and economic analysis. With strong demand for professionals skilled in both economics and data science, this program equips you for impactful roles in today’s data-driven economy.

• Estimated tuition cost: $667 per credit hour
• Financial aid: Federal aid and scholarships available.
• Accreditation: HLC

10. University of Detroit Mercy 

The University of Detroit Mercy offers an MA in financial economics that teaches advanced economic theory with a strong focus on financial markets. Courses explore microeconomics, macroeconomics, econometrics, and financial theory, with projects and case studies designed to connect learning with real-world application. 

Faculty have academic training and professional expertise, so they can help you see how economics drives decision-making in both private and public sectors. This 30-credit program is available completely online. Whether you’re planning a career in finance, banking, or policy, this program gives you practical knowledge to advance your career or prepare for doctoral study.

• Estimated tuition cost: $992 per credit hour
• Financial aid: Federal aid, institutional scholarships, and graduate assistantships are available for qualifying students.
• Accreditation: HLC

How We Rank Schools 

We want you to feel confident choosing an online economics program that balances cost, quality, and career preparation. That’s why our rankings are based on the following criteria:

• Accreditation: Accreditation confirms your program meets high academic and professional standards, giving your degree credibility.
• Affordability: We look at tuition and fees to help you find schools that deliver solid value without extra financial strain.
• Program reputation: We consider faculty expertise, student satisfaction, and graduate outcomes to highlight programs with proven success.

Online Economics Master’s Curriculum and Skills 

An online economics master’s usually covers: 

• microeconomics
• econometrics
• global trade
• financial policy 

Along the way, you’ll gain technical skills in research, data modeling, and statistical analysis. These courses also sharpen your problem-solving and critical thinking abilities, which employers value. 

Many schools offer electives in specialized areas like labor markets or international finance, giving you the chance to focus on topics that fit your career goals. By graduation, you’ll have the tools to evaluate trends, shape policy, and provide economic insights in many fields.

Careers With a Master’s in Economics Online

With a master’s in economics online, you can prepare for jobs as an economist, policy analyst, data scientist, or financial consultant. These roles are in demand in industries like finance, government, and technology, where data-driven decisions are key. 

Many of these careers also pay well, with a median annual salary of about $115,000, according to the U.S. Bureau of Labor Statistics. This degree gives you the chance to step into higher-level positions, advance in your current role, or shift into a new career path with confidence.

Why Choose an Online Master’s Degree in Economics?

An online master’s degree in economics gives you flexibility, affordability, and career advancement all in one. You can take classes on your own schedule, which makes it easier to balance your education with work and family. 

Online tuition is often lower than on-campus programs, and you can apply for financial aid or scholarships to make it even more affordable. Best of all, you’ll graduate with the same respected credentials as in-person students, ready to take your skills into business, research, or government.

Is an Economics Master’s Degree Online Right for You?

Deciding if an economics master’s degree online is the right choice comes down to your goals and lifestyle. If you’re aiming for leadership roles in business, research, or policy, this degree could be a strong fit. 

Online learning lets you continue working while studying, so you don’t have to sacrifice your career. It’s also worth comparing tuition and financial aid options to make sure the cost works for you. With the right program, you can move forward academically and professionally at the same time.

FAQs About Low-Cost Online Master’s in Economics Degrees

If you’re considering the best online master’s in economics, you may have questions about tuition, program length, and career opportunities. Below, you’ll find answers to the most common concerns to help guide your decision.

Is an Online Master’s in Economics Worth It? 

Yes, an online master’s in economics can be worth it if you’re looking for career growth and strong returns. Graduates often move into higher-paying jobs in finance, consulting, or policy with salaries well above national averages. 

This degree also opens doors to leadership and advanced research positions. For some, it serves as a stepping stone toward doctoral study, while for others it leads directly to rewarding roles in both the private and public sectors.

Are Online Economics Master’s Degrees Respected by Employers?

Online economics master’s degrees are respected by employers when they come from accredited universities. Accreditation ensures the program meets academic and professional standards. 

A school’s reputation, strong faculty, and rigorous coursework also matter. Employers know that online students build skills in discipline and time management, in addition to advanced economics training, making their degree just as valuable as one earned on campus.

How Long Does It Take To Earn a Master’s in Economics Online?

Most online economics master’s programs take about two years if you study full time. If you choose an accelerated track, you could finish in as little as 12 to 18 months. Part-time students often take three or more years to graduate. The flexibility of online study allows you to choose the pace that works best for your schedule.

What Are the Admission Requirements for an Online Master’s in Economics?

To apply for an online master’s in economics, you’ll usually need a bachelor’s degree with some background in economics, math, or statistics. Many programs ask for a GPA of at least 3.0, along with transcripts, recommendation letters, and a personal statement. Some schools still require GRE or GMAT scores, though many now waive them. 

Can You Work While Completing an Economics Master’s Degree Online?

Yes, you can absolutely work while completing an economics master’s degree online. Programs often include asynchronous classes, so you can study when it fits your schedule. Many schools also allow part-time enrollment and provide support for working adults. This makes it easier to keep up with your job and family while still earning a graduate degree.

What Financial Aid Is Available for Online Economics Master’s Students?

As an online economics master’s student, you can apply for federal financial aid through the Free Application for Federal Student Aid (FAFSA), just like on-campus students. Many universities also offer scholarships or fellowships, and some employers provide tuition reimbursement benefits. Using these resources together can make your degree much more affordable and reduce your overall out-of-pocket costs.

Discover More Online Master’s Programs

Learn.org has resources on online master’s programs in economics, finance, and business. Use these resources to help you compare tuition, flexibility, and career outcomes so you can choose the program that fits you best.