M.A. Applied Economics: A Comprehensive Guide

Are you interested in pursuing a master's degree in economics but don't know where to start? Look no further than a Master of Arts in Applied Economics! This post will serve as a comprehensive guide to M.A. Applied Economics, including its benefits, prerequisites, career prospects, and more.

What is M.A. Applied Economics?

M.A. Applied Economics is a graduate-level program that prepares students for a career in economics. The program focuses on applying economic theory and concepts to real-world problems in fields such as business, government, and nonprofit organizations.

Why Pursue an M.A. Applied Economics?

An M.A. in Applied Economics provides students with valuable skills that can be applied in a variety of careers. Some of the benefits of pursuing this degree include:

A comprehensive understanding of economic theory and its application to real-world issues

Practical skills such as statistical analysis, data interpretation, and policy analysis

Strong critical thinking and problem-solving abilities

Enhanced career prospects and earning potential

Prerequisites for M.A. Applied Economics

Most M.A. Applied Economics programs require students to have a bachelor's degree in economics or a related field. However, some programs may consider applicants with a degree in a different discipline if they have relevant coursework or work experience.

Other common prerequisites for this program include:

Strong quantitative skills, including coursework in calculus, statistics, and econometrics

Strong written and verbal communication skills

Knowledge of microeconomics and macroeconomics at an intermediate level

Core Courses in M.A. Applied Economics

The core curriculum for an M.A. Applied Economics program typically includes courses in microeconomics, macroeconomics, econometrics, and economic theory. Some of the common core courses include:

Microeconomic Theory

Macroeconomic Theory

Econometrics

Applied Econometrics

Public Finance

International Trade

Development Economics

Elective Courses in M.A. Applied Economics

In addition to the core courses, students in an M.A. Applied Economics program can choose from a variety of elective courses to specialize in a particular area of interest. Some of the common elective courses include:

Financial Economics

Health Economics

Environmental Economics

Labor Economics

Industrial Organization

Urban Economics

M.A. Applied Economics vs. M.A. Economics

While both degrees focus on economics, there are some differences between M.A. Applied Economics and M.A. Economics programs. M.A. Applied Economics programs tend to be more practical and focus on applying economic theory to real-world problems. In contrast, M.A. Economics programs tend to be more theoretical and focus on developing a deeper understanding of economic theory.

Career Prospects after M.A. Applied Economics

Graduates of an M.A. Applied Economics program have a wide range of career options in fields such as:

Business and Finance

Government and Public Policy

Nonprofit Organizations

Consulting Firms

Research Institutions

Some of the common job titles for M.A. Applied Economics graduates include:

Economic Consultant

Policy Analyst

Data Analyst

Market Researcher

Financial Analyst

Economic Development Specialist

According to the Bureau of Labor Statistics, economists with a master's degree had a median annual salary of $105,020 in 2020. The job outlook for economists is also positive, with a projected 6% growth rate from 2020-2030.

Advantages of Studying M.A. Applied Economics Online

Many universities now offer M.A. Applied Economics programs online, providing students with flexibility and convenience. Some of the advantages of studying M.A. Applied Economics online include:

Flexibility to study on your own schedule

No need to relocate or commute to campus

Access to the same quality of education as on-campus programs

Opportunities to connect with classmates and professors through online forums and discussion boards

Top Universities Offering M.A. Applied Economics

Here are some of the top universities in the United States that offer M.A. Applied Economics programs:

University of Michigan - Ann Arbor

University of California - Santa Barbara

Johns Hopkins University

Georgetown University

American University

University of Illinois at Urbana-Champaign

Duke University

University of Maryland - College Park

Boston University

University of Virginia

Financial Aid and Scholarships for M.A. Applied Economics Students

Many universities offer financial aid and scholarships to M.A. Applied Economics students to help offset the cost of tuition and other expenses. Some common types of financial aid include:

Grants

Loans

Work-Study Programs

Scholarships and Fellowships

Be sure to check with your university's financial aid office for more information on available financial aid options.

Frequently Asked Questions (FAQs)

What is the difference between M.A. Applied Economics and an MBA?

M.A. Applied Economics programs focus on economics and its application to real-world problems, while MBA programs focus on business administration and management.

Can I pursue an M.A. Applied Economics with a degree in a different field?

Some M.A. Applied Economics programs may consider applicants with a degree in a different field if they have relevant coursework or work experience.

What job opportunities are available to M.A. Applied Economics graduates?

M.A. Applied Economics graduates can pursue careers in business, government, nonprofit organizations, consulting firms, and research institutions.

What is the median salary for economists with an M.A. degree?

According to the Bureau of Labor Statistics, economists with a master's degree had a median annual salary of $105,020 in 2020.

What are the advantages of studying M.A. Applied Economics online?

Studying M.A. Applied Economics online provides students with flexibility and convenience, as well as access to the same quality of education as on-campus programs.

M.A. Applied Economics is a two years Master Level course. To solve the problems occurring in the the public and private sectors Applied Economics encouraging the application of economic analysis. To bring economic theory nearer to reality it particularly fosters quantitative studies, the results of which are of use in the practical field. The course is divided into six semesters and make use of methods of mathematics, statistics and operations research. Candidate who wants to join this course should have an interest in current social and political activities sincerity, commitment and devotion.

Various Types of Jobs after M.A. Applied Economics

• Economics Teacher
• Curriculum Developer
• Subject Matter Expert
• Data Analyst
• Statistician
• Assistant Manager/Officer
• Statistical Assistant
• Service Quality Leader
• Market Research Analyst
• Lead Modeller

Various Areas for M.A. Applied Economics

• Banks
• Marketing Companies
• Financial Departments
• Commercial Hubs
• Educational Institutes