United States More About Economics Masters Programs
Students with a keen interest in mathematics and data analysis with a desire to pursue a variety of potential career paths might find that enrolling in an Economic Masters program may open up a variety of opportunities. A Masters in Economics typically comprises advanced education in economic theory and applied economics.
Economics is the field of knowledge that is concerned with the production, consumption, and transfer of wealth. Professionals who study the production and distribution of resources, products and services by collecting and analyzing information, trends and economic issues are Economists. Since most economists need a master’s degree or a PhD in Economics, the degree may be considered a stepping-stone to doctoral level studies or a route for advancement in a current career.
FUN FACT: 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.
How To Select an Economics Masters Program
Ready to review Masters in Economics graduate programs? GradSchools.com has easy to use search tools. A location search is helpful to begin. Use the city, state or country tabs and browse the results. Or, if program format is a key in your decision-making, you can look into Campus programs, or choose a distance-learning option. Busy working professionals might want to pursue an online Masters in Economics degree program for the convenience. Others might find the hybrid learning format, a combination of online and on-campus coursework a viable option.
MA Economics | MS in Economics | MBA in Economics
Some of your choices might include the following economics graduate degrees:
- MA Economics
- MBA in Economics
- Master of Science in Applied Economics
- MA in Behavioral Economics
- MBA in
- Economic Crime and Fraud Management
- MS Health Economics and Decision Making
It is wise to request information from each school to determine tuition costs, admissions requirements or pre-requisites, faculty and curriculum since these factors vary.
Potential Curriculum in Masters in Economics Programs
Economics graduate schools have different areas of focus, and offer different courses. However, an economics graduate student may encounter the following courses:
- Principles of microeconomics
- Principles of macroeconomics
- Microeconomic theory and public policy
- Technical topics in economics
- Game theory
- Psychology and economics
- Market design
Students might choose electives in areas such as:
- Industrial organization
- Environmental economics
- Statistics and econometrics
- Advanced theory
- Behavioral and experimental economics
- International economics
- Labor economics
- Public economics
- Health economics
Potential Career Outlook for Masters in Economics Graduates
You may be wondering to yourself, “what can I do with a Masters in Economics?” Graduates holding a Masters degree in Economics might choose to work in a variety of potential careers. Some of these might include:
Economists: Professionals who apply economic analysis to issues within different fields such as education, health, development, and the environment. Some economists study the cost of products, services such as healthcare, or resources, for instance, energy. Other economists examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates. Economists held around 21,500 jobs in 2014. They are employed in government, management, scientific research, finance and insurance. According to BLS data, a 6% growth in employment rate is projected between 2014 and 2024[i].
Statisticians: Professionals who use statistical methods to collect and analyze data in order to solve problems in business, engineering, healthcare and many other fields. Most statisticians hold degrees in mathematics, economics, or computer science. In 2014, statisticians held 30,000 jobs, and the projected job outlook is extremely bright; a 34% growth is anticipated between 2014 and 2024, according to the Bureau of Labor Statistics[ii].
Financial Analysts: Professionals who provide guidance to businesses and individuals about investment decisions, Financial Analysts held about 277,600 jobs in 2014. For advanced positions, an MBA is often required. This is a faster than average employment occupation, with a projected 12% increase expected between 2014 and 2024[iii].
In addition, a Masters in Economics might prepare students to work as actuaries, budget analysts, market research analysts, mathematicians or postsecondary teachers. Naturally, earning a masters Degree in Economics is not a guarantee of employment however, there are transferable skills that may open up doors!
Ready To Pursue a Masters Degree in Economics?
According to the Bureau of Labor Statistics, economists are being relied upon by businesses and organizations to forecast sales and economic trends as the global economy becomes increasingly competitive and regulated. Why not be amongst the next trend of well-educated professionals in the field, by looking into Economics Masters Programs on GradSchools.com today!
Sources: [i] bls.gov/ooh/life-physical-and-social-science/economists.htm | [ii]bls.gov/ooh/life-physical-and-social-science/economists.htm | [iii] bls.gov/ooh/business-and-financial/financial-analysts | bls.gov/ooh/math/statisticians
Johns Hopkins University
The MS in Applied Economics Program develops skill in economic reasoning, and in constructing and estimating economic models through the use of econometrics and other quantitative techniques.
Be a Recognized Leader in Economics...
In a world where even local events have global impact, the study of business economics is crucial for future leaders. With your Business Economics specialization added to your MBA degree from Ashford University, you will develop the skills you need t...
- Binghamton, NYBinghamton, NY
Binghamton University (S.U.N.Y.)
The Department of Economics offers programs of study leading to the Master of Arts (MA) and Doctor of Philosophy (PhD) degrees in economics...
- Denver, CODenver, CO
University of Denver
We provide a broad perspective on the historical and present-day relevance of economics. Students employ historical analysis and quantitative techniques to engage critically with theory and policy to gain a deeper understanding of all kinds of debates.
- Kent, OHKent, OH
Kent State University
- Portland, ORPortland, OR
Portland State University
- Saint Louis, MOSaint Louis, MO
Washington University in St Louis
- Bozeman, MTBozeman, MT
Montana State University - Bozeman
The Department of Agricultural Economics and Economics offers a Master of Science degree in Applied Economics.
- Bowling Green, KYBowling Green, KY
Western Kentucky University
The graduate program of study at Western Kentucky University is designed to prepare students for careers in teaching, business, and government.
- Salt Lake City, UTSalt Lake City, UT
University of Utah
The Economics Department offers four graduate degrees, M.A., M.S., M.Phil. and Ph.D. The department also cooperates with the College of Business in th...
- Commerce, TXCommerce, TX
Texas A&M University
The curriculum is designed as a terminal graduate program in business economics. It also provides the essential core of graduate courses for those students who wish to pursue doctoral studies in economics.
- College Station, TX
- New York City, NYNew York City, NY
The MBA in International Economics is a 52-credit program that provides students with the rigorous analytical skills of international economics combined with knowledge of the institutional foundations of international business that is required by manage...
- Columbia, SCColumbia, SC
University of South Carolina
he Master of Arts in Economics program is designed to prepare a student for a career as a professional economist in government or business. The program also serves as an avenue toward further graduate work in the field of economics. Graduate course...
- Columbia, SC
- Cambridge, MACambridge, MA
The two-year MPA/ID Program combines training in economics, quantitative methods, and institutional analysis with the development of management and ad...
- Cambridge, MA
- Carbondale, ILCarbondale, IL
Southern Illinois University - Carbondale
- New York City, NYNew York City, NY
City College of New York, The
Economics is the study of how people choose to use resources.
- Las Cruces, NMLas Cruces, NM
New Mexico State University
The Department of Economics and International Business cooperates with the Department of Agricultural Economics in offering graduate programs in econo...
- Richmond, VARichmond, VA
Virginia Commonwealth University
The School of Business offers a Master of Arts in Economics prepares graduates for a range of analyst positions.
- Corvallis, ORCorvallis, OR
Oregon State University
"Students can specialize in the area of Economics of Growth and Change, an area that gives them the opportunity to study productivity analysis, industrial organization, international economics, urban and regional economics, and resource and environmenta...
- Lincoln, NELincoln, NE
University of Nebraska - Lincoln
Good economic analysis involves a blend of theory and policy. At Nebraska, economists are trained in applied economic analysis in graduate programs that begin with solid technical training in economic theory and quantitative methods and progress to appl...