MA in Economics, Concentration in Applied Economics

Economics stresses the role of markets and institutions on business, political and socioeconomic outcomes. By emphasizing applied economics, the program encourages majors to hone their strategic thinking skills, learn to anticipate the unintended consequences of actions, and engage in consequential thinking about changes over time. By stressing oral and written communication and statistical analysis, the program encourages majors to acquire the skills necessary to communicate ideas. Economics graduates use economic tools to evaluate and pose reasoned solutions to multi-faceted, complex problems, as a result, they are in high demand in any field where decision making and reasoning are emphasized. Our bachelor’s degree is an excellent springboard to an MBA or law degree. Our master’s program prepares graduates for research and policy positions in government and business. Although we emphasize applied economics, we also provide students with the rigorous preparation necessary to pursue doctorates in economics. Program Learning Outcomes: Students will be able to use microeconomic theory to understand and explain the determinants of prices, optimal behavior in strategic situations, and welfare effects in markets, and to critique real-world policy. Students will be able to use macroeconomic theory to understand and explain economic growth, business cycles, and monetary policy, as well as to critique real-world macroeconomic policy. Describe an economic study that illustrates one of the following methods of economic inquiry: Applied Econometrics, Experimental Economics, or Other (Analytical Narrative, Cost-Benefit Analysis, Simulation, etc.). List the subfields of economics and explain the JEL system, describe the contours of economics as a scholarly discipline, and describe in detail one of the two subfields: Economic History Economic Thought or Econometrics. Generate and apply new knowledge to an economics problem, using theory and methods of economic inquiry, and communicate the results through academic writing, speaking, and presentation.