Applied Economics Graduate Programs

You can earn your graduate degree in applied economics online or in person to learn how consumers behave and markets operate. By earning a master's degree or doctorate, you acquire the skills used by public policymakers, economists, researchers and economic forecasters. Read this article to learn more about graduate programs in applied economics. See what you'll study, program prerequisites and the career outlook for economists. Schools offering Economics degrees can also be found in these popular choices.

What Kind of Applied Economics Graduate Programs Can I Find?

To study applied economics at an advanced level, you can earn a Master of Science, Master of Arts or Doctor of Philosophy. Master's degree programs can be completed in two years and are available online; doctoral degree programs aren't available entirely online and program lengths vary. Or you can enroll in a program focused on business, public policy, international markets or economic development. Each type of program focuses on how an academic understanding of economics can be applied in public or private employment.

Degree Levels Master's and doctorate degrees are available
Common Courses Finance, economics, price policy, accounting, monetary policy
Prerequisites Bachelor's degree is required; depending upon the institution, standardized test scores, letters of recommendation, and a statement of purpose may be needed
Median Salary (2018)$104,340 (for economists)*
Job Outlook (2016-26)6% growth (for all economists)*

Source: *U.S. Bureau of Labor Statistics

What Can I Learn in an Applied Economics Program?

Generally, an applied economics graduate program teaches you about economic modeling - which includes forecasting, survey methodologies and cost analysis. You learn about applied economic theory, research techniques, communications and quantitative analysis. You also study econometrics, macroeconomics, microeconomics, monetary policy and price theory. You might train to use software packages used in applied economics.

Some programs have specific emphases. If you're in a program about public policy, you can complete economics courses that discuss labor markets, healthcare and environmental issues. If your program focuses on business, you learn more about tax policy, finance and accounting. Some programs focus on healthcare or defense economics.

How Do I Enroll?

Before enrolling in a master's degree program, you need to earn a bachelor's degree in mathematics, finance, business or a similar field. You may be required to submit personal statements, academic recommendations and standardized graduate school test scores. You may have to work out a program of study with an advisor once a school has accepted you. Some Ph.D. programs accept students with a bachelor's degree, but you often need to earn a master's degree to enroll in a doctoral degree programs in applied economics.

What Can I Do with a Graduate Degree in Applied Economics?

Generally, you can work as an economist after earning your master's degree or doctorate in applied economics. Economists can work for colleges, businesses, policy think tanks, legislatures, nonprofit organizations and government agencies.

According to the U.S. Bureau of Labor Statistics (BLS) in 2018, demand for economists should increase by six percent between 2016 and 2026. While you can enter some positions with only a 4-year degree, most positions require a master's degree or doctorate. In 2018, the BLS reported that median annual earnings of economists totaled $104,340 (www.bls.gov).

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

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