What is Applied Economics?

Do you want to learn from leaders in the field about advanced econometrics, industrial organization, urban, regional and labor economics? Do you want a graduate degree in economics that offers you exceptional job placement and the opportunity for significant career advancement opportunities? Are you looking for a master's program in economics that offers you the opportunity to study either full or part time?

If you answered yes to these questions, we urge you to consider the MS in Applied Economics!

The MS in Applied Economics provides our students with a solid training in economic theory and applications, and also provides a very strong background in applied econometrics. By the end of the program, our students understand how to build sensible models based upon economic principles, and how to actually estimate, test, interpret and explain these models.

Admission Requirements

  • A bachelor's degree. The degree does not need to be in economics. Your undergraduate GPA needs to be a 3.0 or higher. Your bachelor's degree must be completed prior to enrollment in the program.
  • Completion (with a grade of "B" or better) of:
    • An introductory-level course in microeconomic theory
    • An introductory-level course in macroeconomic theory
    • One semester or two quarters of college-level calculus
    • One course in college-level statistics
  • A score from the GRE or GMAT exam taken within the last five years. Please note that these scores are used as only one source of information in the admission process.
  • Academic transcripts
  • Two letters of recommendation
  • Essay
  • Resume

The MS in Applied Economics degree provides students with an exceptional set of applied economic and econometric analytical tools that have demonstrated value in the marketplace. Graduates enjoy success as:

  • Analysts in market research, insurance, healthcare, and in banking and finance.
  • Positions with consulting firms as well as in public-sector planning and economic analysis organizations.
  • Excellent preparation for further study in a PhD program. Over the last several years, we have placed graduates in PhD programs at Indiana, Vanderbilt, Oregon, Duke, University of Texas, Purdue University, and others.
The degree of Master of Science in Applied Economics is granted to those who satisfactorily complete the required course work, carrying a minimum GPA of 3.0 or more. The degree must be completed within five years of acceptance into the program. All students must contract for graduation and be enrolled for at least one credit hour of study during the academic year of graduation.

Core Courses

Students must complete the following 6 core courses (20 credit hours).
Course Title/Desc Credit
Core Courses

Students must complete the following 6 core courses (20 credit hours).

ECON8030 Macroeconomic Theory

Minimum Grade: C

4
ECON8021 Game Theory

Minimum Grade: C

2
ECON6010 Economic Data Analysis

Minimum Grade: C

2
ECON8020 Microeconomic Theory

Minimum Grade: C

4
ECON8010 Econometrics

Minimum Grade: C

4
ECON8011 Time Series Econometrics

Minimum Grade: C

4

Culminating Project

All students must complete a culminating project; choose from the following.
Course Title/Desc Credit
Culminating Project

All students must complete a culminating project; choose from the following.

MLTI6000 Study Abroad for Graduate Students

Minimum Grade: C

1 - 25
ECON8090 Masters Research Practicum

Minimum Grade: C

2
ECON8091 Masters Thesis Research

Minimum Grade: C

1 - 8

Electives

Students must complete 8 credit hours from the following courses. Four hours must be from the Econometrics Electives category (ECON 8012, 8013, 8014, 8015 or BANA 7042). Substitutions may be made with prior approval of the academic director of the program.
Course Title/Desc Credit
Electives

Students must complete 8 credit hours from the following courses. Four hours must be from the Econometrics Electives category (ECON 8012, 8013, 8014, 8015 or BANA 7042). Substitutions may be made with prior approval of the academic director of the program.

ECON8080 Urban and Regional Economics

Minimum Grade: C

2
ECON8015 Panel Data Econometrics

Minimum Grade: C

2
ECON8031 Topics in Macroeconomic Theory

Minimum Grade: C

2
ECON8070 Industrial Organization

Minimum Grade: C

2
BANA7042 Statistical Modeling

Minimum Grade: C

2
ECON8040 International Economics

Minimum Grade: C

2
ECON8014 Spatial Econometrics

Minimum Grade: C

2
ECON8012 Advanced Statistical Models

Minimum Grade: C

2
ECON8013 Bayesian Econometrics

Minimum Grade: C

2

Prerequisites

All or some of these courses may be required of students without a business undergraduate degree.
Course Title/Desc Credit
Prerequisites

All or some of these courses may be required of students without a business undergraduate degree.

BANA6037 Data Visualization

Minimum Grade: C

2
MKTG7000 Marketing Foundations

Minimum Grade: C

1
ACCT7000 Foundations in Accounting

Minimum Grade: C

2
MGMT7000 Organizations

Minimum Grade: C

2
FIN7000 Foundations in Finance

Minimum Grade: C

1
The University of Cincinnati and all regional campuses are accredited by the Higher Learning Commission.

The Carl H. Lindner College of Business holds AACSB accreditation. AACSB International business accreditation is an achievement earned only by programs of the highest caliber. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. Less than one-third of U.S. business school programs and only 15% of business school programs worldwide meet the rigorous standards of AACSB International accreditation.