Online Masters in Economics Degrees & Programs Overview
Busy working professionals with a strong interest in mathematical analysis might find that earning an online Masters in Economics degree may be a convenient way to advance their education. Most jobs in today’s global and competitive environment require candidates with a master’s degree, although some jobs, including academic and higher-level research positions require a PhD in Economics.
The course of study for the master's degree lasts from one to two years, though students are encouraged to verify this with the school they are interested in attending. A thesis is often required, particularly for terminal degrees.
Economics is an integral element in national and global decision-making from healthcare management to environmental issues. The foundation of economics is specifically categorized under two major subheadings: Microeconomics (focuses on specific or localized aspects of the economy), and Macroeconomics (focuses on general features and processes of a national economy). Information Technology increasingly places a demand for skilled statistical analysis where economics lends itself through its economic modeling and reasoning features. The mastery of econometrics (combination of statistical application methods with economic theory) is projected to become a burgeoning marketable skill throughout the 21st century.