Applied Economics Master's Degree Programs

A master's degree program in applied economics teaches you how global change is affected by different markets and their policies. Read on to find out what it takes to earn a master's degree in applied economics, such as prerequisites and curriculum. Keep reading to explore career possibilities. Schools offering Economics degrees can also be found in these popular choices.

What Can I Expect From a Master's Degree in Applied Economics?

In a master's degree program in applied economics, you'll learn to analyze and interpret economic data and use this data to inform leaders whose decisions affect economic markets and policy. Study in applied economics often includes training in global and national markets, as well as in the forces that influence them. You'll learn quantitative techniques like economic reasoning, estimating, economic modeling and applied statistics.

Some applied economics master's degree programs allow you to choose a specialization, including the environment, monetary policy, healthcare, risk management and economic law. Perhaps the most beneficial skill you'll learn; however, is the use of state of the art economic software to perform statistical analysis, economic reasoning and economic modeling. Master's degrees in applied economics take 1-2 years to finish, can be completed online, and culminate in either a thesis or comprehensive exam.

Specializations Healthcare, monetary policy, economic law, environment, risk management
Prerequisites Bachelor's degree is required; letters of recommendation, a personal statement, previous related coursework, and/or standardized test scores may also be needed, depending upon the institution
Common Courses Risk management, globalization, pricing, labor economics, agricultural policy
Potential Work Environments Private consulting firms, lending institutions, congressional committees, government agencies, private businesses

What Are the Prerequisites?

You'll have to have at least a bachelor's degree to be considered for admission to a master's program in applied economics, and most programs require you to have a degree in a related field, such as economics, business, finance, math or statistics. You should also expect to submit standardized test scores, letters of recommendation and a personal statement. Some programs also enforce a work requirement, in which case you may also be required to submit a resume.

What Classes Will I Take?

Coursework in master's degree programs in applied economics features a lot of mathematics and computer classes. Here are some classes likely to appear in the curriculum:

  • Production economics
  • Land economics
  • Commodity futures markets
  • Regional impact analysis
  • Real estate appraisal
  • Globalization
  • Cropping systems analysis
  • Environmental issues
  • Agricultural policy
  • Risk management
  • Pricing
  • History of economic thought
  • Labor economics

What Kinds of Jobs Can I Get?

As a graduate of a master's degree program in applied economics, you can work as an economist in a number of different fields, including government agencies, lending institutions, congressional committees, private consulting firms and private businesses. The U.S. Bureau of Labor Statistics (BLS) expects the employment rate for economists to grow 6% between 2014 and 2024 (www.bls.gov). This growth, which is as fast as the national average, is mostly due to the complex nature of the global economy, a more competitive business environment, and increased financial regulations.

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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  • Strayer University

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  • Grand Canyon University

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  • Purdue University Global

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  • Colorado Christian University

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  • Seton Hall University

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  • University of Alabama at Birmingham

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    Popular programs at University of Alabama at Birmingham:

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    • Alabama: Birmingham
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