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Economics is the social science exploring the production and consumption of goods and services. Microeconomics refers to the study of interactions between individual agents and their markets, and macroeconomics refers to the analysis of the economy as a whole, as well as factors impacting it, such as inflation and unemployment. Economics graduate students study economic theory, investigation, and practical application.
Search our directory of campus economics graduate degree programs.
Search our directory of online economics graduate degree programs.
Those considering pursuing graduate study in economics should ideally possess the following qualities:
Economics Graduate Programs and Curriculum
Economics graduate schools have different areas of focus, and offer different courses. However, an economics graduate student may encounter the following courses:
Students might choose electives in areas such as:
Students can earn a Ph.D. in economics or a master’s in economics. The Ph.D. requires extensive coursework, passing scores on oral and written exams, and completion of a dissertation based on original research. The master’s degree can be a terminal degree, qualifying the student to pursue certain jobs in the field of economics. It can also be awarded after completion of the preliminary phase of the Ph.D. program.
An undergraduate degree in economics is not necessarily required in order to be accepted to an economics graduate school. However, some schools may require undergraduate coursework in economics and mathematics. In addition, a bachelor’s degree from an accredited undergraduate institution, along with a minimum GPA, is often required. Applicants will also need to provide letters of recommendation, a personal statement, transcripts, GRE and TOFEL scores, if applicable.
Economists apply economic analysis to a broad range of industries, job opportunities and salaries vary according to industry, experience, level of education and location.
Those holding Ph.D.s in economics are qualified to teach and conduct research at the university level. They might pursue positions with consulting firms and government agencies. Flexibility is required, as hiring is often done based on the graduate’s area of specialty, and opportunities may or may not be local.
Those holding master’s degrees might pursue a career in a variety of areas, including banking, insurance, investment, trade associations and consulting organizations.
Economics Salary and Job Outlook
According to the Bureau of Labor Statistics, in 2010, the annual median pay of an economist was $89,450. The minimum education requirement used in this data was a bachelor’s degree. In comparison, in 2010, financial analysts earned a median of $74,350; market research analysts earned a median of $60,570; and actuaries earned a median of $87,650.
Job growth between 2010 and 2020 is projected to be 6%, which is slower than average. The BLS reports that those with a graduate level degree may have better job prospects than those holding only a bachelor’s.
Data according to:
Ten-course part time evening program aimed at working adults.
Graduate Certificate in Global Energy
The interdisciplinary nature of this M.P.A. program is one of its distinguishing features.
Master of Arts (M.A.) in Economics
If you plan to adopt and implement the Mathematics Common Core State Standards in the classroom
Expand your academic knowledge and develop professional competence in managing and influencing organizational
Be a Recognized Leader in Economics
Renowned for its experience in the field, Utica College offers the Online Master of Science in Economic Crime Management, an
Acquire advanced knowledge in economics from one of the world’s leading economic schools.
Complex Networks PhD curriculum
The program emphasizes applied economics alongside microeconomic and macroeconomic theory and econometrics.
The competitive edge that we offer is derived from our legacy of excellence in cross-cultural and cross-border learning.