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MS in Applied Economics

Master of Science in Applied Economics

Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. These organizations increasingly turn to economists to apply analysis of big data to pricing, advertising, and other areas. The increasing complexity of the global economy and a more competitive business environment are expected to support the demand for economists, which is currently projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations.

A master’s in applied economics can be a gateway to one of the best-paying postgraduate degrees; the median annual wage for economists was $105,630 in May 2021.

The Master of Science in Applied Economics from AUM is a carefully designed program which offers rigorous training in quantitative analysis, economic modeling and econometrics. It prepares graduates to seek employment as program or policy analysts who are skilled in evidence-based quantitative methods. It is a cohort program, meeting one evening a week. It can be completed in three semesters and is a 10-course program that includes classes such as:

  • Microeconomic Analysis
  • Macroeconomic Analysis 
  • Foundations of Empirical Research 
  • Industrial Organization 
  • Macroeconomic Indicators and Data 
  • Econometric Modeling and Forecasting 
  • Managerial Economics 
  • Financial Economics 
  • Modern Econometrics for Business and Managers 
  • Time Series Econometrics

Our Applied Economics graduate program prepares you for a wide variety of careers in public policy and business analysis including finance, trade, environmental management and more.

Quick Facts

Get to know the Applied Economics program

What kind of academic background do I need?

An undergraduate degree in economics isn’t required, but some business training is preferred. Our Applied Economics candidates have bachelor’s degrees in business, liberal arts, and other fields.

Can I afford this program?

Tuition at AUM is more affordable than at many other universities. Plus, grad students can earn money and get work experience by competing for one of the graduate assistantships. We also have graduate scholarships.

How will this program impact my career?

Depending on your interests and work experience, it could open up a whole new set of options! If you are in the economics/finance field now, it could lead to pay increases and/or management opportunities.

How long will it take me to complete?

This degree is a cohort program, meeting one evening a week. It can be completed in three semesters and is a 10-course program.

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Why Applied Economics?

To apply theory to real-world challenges and opportunities

Why AUM?

Our differences are our strengths!

Learn More

Everything you need to know to apply!

Why Economics?

Why I Chose the Applied Economics Degree

Why Economics at AUM?

Ask Us Anything

What kinds of jobs can I expect with the Economics graduate degree?

Many applied economics graduates work in government, industry, business Check out our Career Discovery Board on this page to begin exploring your options. Contact us so we can get you the answers you need. Contact us so we can get you the answers you need.

Is an undergraduate degree in Economics required?

It would be helpful, but is not required. Candidates must have completed at least six undergraduate semester hours of economics coursework or its equivalent. If not already completed, it must be taken in the first semester.

What skills or competencies should I have for this career field?

Economists must be able to review data, observe patterns, draw logical conclusions, and communicate well to others—in written and oral form.

What might I do as an economist on a day-to-day basis?

Depending on your industry and/or job title, you might study the cost of products, healthcare, or energy; examine employment levels, business cycles, exchange rates, taxes, inflation, or interest rates; research and analyze data using a variety of software programs.

WE HAVE THE ANSWERS

International student applications may take more time to process. Please contact the Office of Global Initiatives for more details and how to apply.

Career Discovery Board

How could your career change direction with this graduate degree?

Rewarding Occupations and Job Growth

Earning this master’s degree can open up many new career possibilities.
Here is a sampling of the future job growth and salaries according to the U.S. Bureau of Labor Statistics. 
Note: Salaries vary depending on several factors including your level of experience, education, training, demographics, and industry. 

Career/Job TitleEntry-level Education RequirementsJob Growth 2020-2030Annual Median Salary
EconomistMaster’s degree13% (Faster than average)$105,630
Management AnalystBachelor’s degree 14% (Faster than average)$93,000
Budget AnalystBachelor’s degree5% (Slower than average)$79,940
Financial AnalystBachelor’s degree6% (As fast as average)$81,410
International student applications may take more time to process. Please contact the Office of Global Initiatives for more details and how to apply.

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Address

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Office Hours

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Fax

334-244-3795

E-mail

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