Master of Science in Applied Economics

Welcome and thank you for your interest in the MS Applied Economics degree program at the University of Wisconsin - Whitewater. Now more than ever, businesses and other organizations require graduates who are skilled in quantitative and analytical methods, and who can use evidence based methods to inform decisions and policy. The MS Applied Economics degree is a professional Masters program that will prepare graduates for careers in a variety of fields including business, government, consulting, analytics, and research. 

Program Fast Facts:

  • The program is designed as a one year Master program, however, there are other flexible options available as well.
  • The program focuses on rigorous statistical and data management training, preparing our students for variety of jobs including economic consulting, health insurance companies and various areas of finance.
  • The average starting salary of our students’ placements is more than $55,000 per year.  Recent placements are: Associate Economist at the Federal Reserve, Actuarial Analyst at American Family Insurance, Staff Economist at Christensen Associates, Admission to Marquette University's Law School, and Revenue Manager at Great Wolf.
  • We typically try to offer one of our classes at night every semester. This provides flexibility for a working professional to complete our program in four years at night.

Program Information

Our program has a strong foundation in applied econometrics (data analysis), data management, and economic modeling that will provide excellent training for employment as an economist in any type of setting. Students in the program will also be trained in the use of statistical software that employers value (for example SAS, SPSS, Stata, Matlab, Eviews).

You can tailor your course choices to emphasize three or four of these topics:

  • Health Economics
  • Environmental Economics
  • Monetary Economics
  • International Macroeconomics

Degree Requirements

The program will be a 12-month program that takes place in the fall, spring, and summer semesters. It consists of 32 credits: 23 credits of core courses, six credits of electives, and three credits of thesis work.  Full-time students will take 13 credits of courses in each of the fall and spring semesters and six credits during the summer.  The program can also be taken on a part-time basis.

Core Courses

The core courses consist of the following:

  • ECON 731: Microeconomic Theory
  • ECON 732: Macroeconomic Theory
  • ECON 734: Econometrics I
  • ECON 738: Quantitative Methods in Economics
  • ECON 740: Research Methods and Data Handling
  • ECON 743: Econometrics II
  • ECON 761: Business and Economic Forecasting 

A subset of the following elective courses will be offered every year: Advanced Topics in Microeconomics, Advanced Topics in Macroeconomics, Game Theory, Development Economics, Economics of Regulation, Natural Resource Economics, Industrial Organization, Econometric Theory, Business and Economic Forecasting, International Macroeconomics, and Monetary Economics.

Faculty within the Department of Economics are actively engaged in research and have expertise in a variety of different fields.  See our facutly directory for more information.