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
Be a Recognized Leader in Economics...
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.
Southern New Hampshire University
SNHU's online MBA in Economics combines micro- and macro-economics, statistics and managerial economics with a traditional MBA core. Develop the big picture view you need to connect the dots between local and global economic forces and their impa...
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...
- San Luis Obispo, CASan Luis Obispo, CA
California State University, Cal Poly
The Master of Science in Economics is a full-time program designed to provide advanced preparation in economics for individuals desiring careers as economists in the business, financial, academic, and governmental sectors...
- Las Vegas, NVLas Vegas, NV
University of Nevada Las Vegas
- Kent, OHKent, OH
Kent State University
- New York City, NYNew York City, NY
City College of New York, The
Economics is the study of how people choose to use resources.
- Saint Louis, MOSaint Louis, MO
Washington University in St Louis
- Schaumburg, ILSchaumburg, IL
- Murray, KYMurray, KY
Murray State University
- Washington, DCWashington, DC
The Catholic University of America
- Knoxville, TNKnoxville, TN
University of Tennessee
M.S. degree concentration in Entomology or Plant Pathology;Ph.D. degree concentration in Entomology and Integrated Pest Management. Students in entomology may specialize in crop entomology, medical and veterinary entomology, insect biology, insect p...
- Tampa, FLTampa, FL
University of South Florida
The Master of Arts in Economics permits students to select one of three approaches. The first emphasizes terminal professional training to prepare the student for decision making and problem solving roles in business and other organizations. The second...
- Tampa, FL
- Hayward, CAHayward, CA
California State University, East Bay
The Master of Arts (M.A.) degree in economics is designed to prepare students for management and research positions in government, industry and consul...
- Buffalo, NYBuffalo, NY
Buffalo State College (S.U.N.Y.)
Program is for students working in, or interested in working in financial institutions and finance departments of businesses and governments, policy-o...
- Dayton, OHDayton, OH
Wright State University
The Wright State University School of Graduate Studies is responsible for the administration of all graduate programs in the university, a function th...
Kennesaw State University
The Master of Science in International Policy Management (MSIPM) is an applied program...
- Kennesaw, GA
- Washington, DCWashington, DC
Specializations: Development Economics, Human Resource Economics, International Economics, Monetary/Fiscal Economics, and Urban Economics...
- West Lafayette, INWest Lafayette, IN
The Department of Agricultural Economics is dedicated to the education and training of professional applied economists in the analysis of current problems of society for the improvement of human welfare...
- West Lafayette, IN
- Claremont, CAClaremont, CA
Claremont Graduate University
The School of Politics and Economics is distinguished by commitment to learning that crosses disciplines in the pursuit of answers to contemporary global, national and local issues. In today's world, the discipline of economics and the areas of poli...
- Ithaca, NYIthaca, NY
The M.S. and Ph.D. programs are research oriented, and each requires a thesis or dissertation. Students normally are expected to obtain the M.S. or equivalent degree before entering a Ph.D. program. The Ph.D. student must take at least one minor in anot...
- Ithaca, NY
- Philadelphia, PAPhiladelphia, PA
The M.A. program is designed to equip the student with a thorough understanding of economic analysis and its application to policy analysis in many fields. Many students use the M.A. as a stepping stone towards a Ph.D. degree, but others are interested...
- Chicago, ILChicago, IL
University of Illinois at Chicago