Course Sequence and Descriptions

The MS Applied Economics degree has several course sequencing options for students to consider while persuing their degree, including an option for completion in one calendar year.

Full-time, one calendar year (most common) option

1.5 year option

1.5 year option with summer internship

Part-time two year option

Course Descriptions

Econ 731:  Microeconomic Theory

3 credits

This course presents advanced topics in microeconomic theory, including consumer behavior, the firm and market structure, equilibrium conditions, and welfare economics. Students will learn important techniques and theories including multivariate optimization, fundamentals of general equilibrium theory and game theory, which form the building blocks of modern microeconomics analysis.

ECON 732: Macroeconomic Theory

3 Credits

Macroeconomics is concerned with the behavior of aggregate economic variables such as GDP or unemployment and the relationship between these variables. This course provides a rigorous introduction to the techniques and models required for these analyses, which form the building blocks of modern macroeconomics as practiced by researchers today.

ECON 733: Econometrics I

3 credits, Prerequisite: ECON 245 or equivalent

Econometrics I will focus on the estimation of models using various computer programs and understanding these models from an intuitive perspective. It introduces students to Regression methodology, focusing on assumptions of the framework, correcting for violations of the assumptions and examines the possibility of determining causality with observational data.

ECON 738: Quantitative Methods in Economics

3 credits

This course will provide students with the mathematical methods and tools used in modern economic analysis. Linear algebra, multivariable calculus, and optimization theory are the main topics of the course and applications to simple economic models will be emphasized.

ECON 784: Seminar

1 credit

ECON 740: Research Methods and Data Handling

3 Credits, Prerequisite: ECON 733 or ECON 738

This course provides an introduction for students on how to conduct empirical and applied economic research. It focuses on the basic approaches of research design and methodology within the Economics discipline. It introduces students to data handling and management, and to a variety of software packages used in economic research.

ECON 743: Econometrics II

3 Credits

Econometrics II introduces students to advanced techniques in modeling. In the course, students will study applied methods for model selection, implementation, and inference for cross sectional, time series, and panel data. The major emphasis will be on understanding these models from an intuitive perspective and estimating these using computer programs.

ECON 761: Business and Economic Forecasting

3 credits, Prerequisite: Econ 703 or Econ 245

Techniques for operational business forecasting with emphasis on time-series methods. Topics covered include single and multiequation regression models; trend analysis; smoothing techniques, decomposition methods; Box-Jenkins time series methods; evaluation of forecasts; and the integration of forecasting in the decision making process.

ECON 7XX: Elective 2

3 credits

See choices below.

ECON 784: Seminar

1 credit

ECON 7XX: Elective 3

3 credits

See choices below.

ECON 799: Thesis

3 credits, Prerequisite: Graduate standing and 28 credits in undergraduate and graduate economics courses. Some of these may be taken concurrently with approval of adviser.

Students must complete a Thesis Proposal Form in the Graduate Studies Office before registering for this course.


  • ECON 741: Advanced Topics in Microeconomics: 3 credits
  • ECON 742: Advanced Topics in Macroeconomics: 3 credits
  • ECON 745: Economics of Health Care: 3 credits
  • ECON 747: Game Theory: 3 credits
  • ECON 749: Development Economics: 3 credits
  • ECON 751: Economics of Regulation: 3 credits
  • ECON 752: Resource Economics: 3 credits
  • ECON 757: Industrial Organization: 3 credits
  • ECON 760: Economic Theory: 3 credits
  • ECON 761: Business and Economic Forecasting: 3 credits
  • ECON 773: International Macroeconomics: 3 credits
  • ECON 775: Monetary Economics: 3 credits
  • ECON 789: Readings and Research in Economics: 3 credits