Master of Science in Applied Economics

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. 

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UW-Whitewater's MS in Applied Economics program provides students with exposure to advanced training in both theoretical and empirical economics. The program is unique in that it focuses on applied empirical skills and working with large datasets (“big data” skills) using an array of computer programs. Our program includes three econometric classes, including a class on advanced cross-sectional and panel data and a separate class where students receive training in time series and forecasting techniques. In these classes, you will use the computer programs that are in demand by potential employers, such as Stata, SAS, R, Matlab, and Python. In addition, we offer a class that includes training in data management programming in Stata and SAS. 

Job Opportunities 

Upon completion of the program, you will be highly marketable to employers and capable of research or analysis roles in many areas. The job placement from last year’s cohort was highly successful, with an average starting salary of approximately $60,000; all students had job offers within a year of starting the program. Here are some examples of some of our recent placements:

  • Research Analyst I at Education Analytics (Madison, WI) 
  • Analyst at Summit Consulting (Washington DC)
  • Statistician at Wisconsin Response to Intervention (“home”) 
  • Staff economist at Christensen Associates (Madison, WI)
  • Associate Economist at the Federal Reserve (Chicago, IL)
  • Financial Analyst at Milliman (Brookfield, WI)
  • Revenue manager at Great Wolf (Milton, WI)
  • Actuarial Analyst at American Family Insurance (Madison, WI)
  • Admission to Marquette University’s Law School

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. We provide hands-on experience using Stata, SAS, Matlab, R, RATS and other statistical software that employers value.

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 

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