Master's in Economics Programs in Washington, D.C.

Washington D.C. is a unique city that boasts great academic and professional experiences for economics master's degree students. This article compares economic master's degree program options in the nation's capital. Schools offering Economics degrees can also be found in these popular choices.

Howard University

The Master of Arts in Economics at Howard University focuses on theory, thus preparing students to pursue further research and PhD programs. After completing core coursework (including micro- and macroeconomic theory, history of economic analysis, and mathematics for economists), students choose electives in one of four specialization areas: growth and development, urban economics, labor economics, or international economics. Students finish their degree by taking three comprehensive exams or they may choose to write a thesis and take only two exams.

University of Maryland

The University of Maryland's Master of Science in Applied Economics is available at its D.C. location; it prepares graduates for professional positions by concentrating on analytical tools and technical skills. This 30-credit, STEM-designated program emphasizes econometrics, quantitative analysis, and economic modeling.

George Mason

The Master of Arts in Economics program at George Mason University emphasizes experimental economics, Austrian economics, and public choice. Students may also learn about constitutional political economy, new institutional economics, and the relationships between law and economics. Although George Mason University is situated about 20 miles outside Washington D.C. (in Fairfax, Virginia), the close proximity means that students can still pursue opportunities in the area. In fact, many graduates find work in public policy institutes and nonprofit groups in the capital.

Johns Hopkins

At the Johns Hopkins School for Advanced International Studies, students can choose to either spend two years at the Washington, D.C., campus or divide their time between D.C. and the SAIS Europe campus in Bologna, Italy. All students in the MA program earn a concentration in international economics. Students must also choose a secondary concentration in one of two categories: international policy and regions of the world. The policy concentrations include American foreign policy, conflict management, and international political economy, while the regional studies include Canada, Europe, Latin America and the Middle East.

The Catholic University of America

The Catholic University of America offers a unique master's degree in Integral Economic Development Management. The program (one year full-time or flexible timing part-time) blends econometrics and management skills with new approaches for understanding the impact of development programs.

University Programs Offered Tuition for Academic Year (2018-2019)*
Howard University Master of Arts in Economics$31,309
University of MarylandMaster of Science in Applied EconomicsIn-state: $12,906
Out-of-state: $27,864
George Mason UniversityMaster of Arts in EconomicsIn-state: $11,736
Out-of-state: $32,322
Johns Hopkins School for Advanced International StudiesMaster of Arts with a concentration in international economics$53,740
Catholic University of AmericaMaster of Arts in Integral Economic Development Management$46,180

Source: *NCES

Earning a Master's Degree in Economics in Washington, D.C.

Many economic master's degree programs include the following core courses:

Macroeconomic Theory

Macroeconomic theory classes explore principles of long-term economic growth and behavior. Students may learn about both classical and alternative theories that attempt to describe the nature of global and national economies. They may discuss, debate and apply these theories to modern problems like inflation, unemployment, and economic growth. Students may learn how to read and use different types of macroeconomic data, including NIPA accounts, GDP, consumer price index, data on the labor force, and economic indicators.

Microeconomic Theory

In this course students review microeconomic theory and its applications. They may review concepts like consumer behavior, decision-making under conditions of uncertainty, market structure, and general equilibrium analysis. Students may study and discuss real-world case studies that exhibit these theories of microeconomics in action. This course may also include an introduction to the related topics of capital theory and game theory.


Econometrics classes train students to use mathematics theory (including advanced statistics, matrix algebra and probability) to conduct economics research. Students may practice using computer software that helps apply statistical techniques in economics research. Topics may include linear regression, multiple regression, and time series analysis.

Economics Master's Degree Entrance Requirements

Most Master of Arts in Economics programs do not require students to have an undergraduate degree in economics. However, applicants are expected to have completed college-level coursework in mathematics (including linear algebra and calculus). Some programs have minimum GRE test scores and GPA requirements. Applicants send in their undergraduate transcripts, letters of recommendation from previous professors, and a statement of purpose essay

Universities across Washington ,D.C., offer a variety of economics master's degree programs, each one with unique areas of emphasis. Students can choose a program that best fits their research interests and career goals, while also taking advantage of the research, internship and professional opportunities of the nation's capital.

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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