Twin Cities campus
 
Twin Cities Campus

Applied Economics M.S.

Applied Economics
College of Food, Agricultural and Natural Resource Sciences
Link to a list of faculty for this program.
Contact Information
Department of Applied Economics Graduate Program, 231 Ruttan Hall, 1994 Buford Avenue, Saint Paul, MN 55108-6040 (612-625-3777; fax: 612-625-6245)
  • Program Type: Master's
  • Requirements for this program are current for Fall 2017
  • Length of program in credits: 30
  • This program does not require summer semesters for timely completion.
  • Degree: Master of Science
Along with the program-specific requirements listed below, please read the General Information section of this website for requirements that apply to all major fields.
The MS degree in applied economics prepares students for employment opportunities in the public and private sectors, and for further graduate study. This rigorous but flexible program includes core coursework in economic theory and quantitative methods, and offers opportunities for specialized coursework and research in all the fields of study offered by the program.
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
The preferred undergraduate GPA for admittance to the program is 3.00.
Other requirements to be completed before admission:
The following coursework is considered the minimum preparation for the MS program: micro and macroeconomic theory at the intermediate undergraduate level, statistics, two semesters of calculus, and introductory linear algebra. Additional coursework in economics, statistics, and math is highly desirable and recommended, especially for students who intend to apply for the doctoral program after completion of the MS degree.
Special Application Requirements:
Applicants must submit scores from the General Test of the GRE, three letters of recommendation from persons familiar with the applicant's scholarship and research potential, a complete set of college or university transcripts, and a clearly written statement of academic and career interests, goals, and objectives. For complete application instructions, visit the website: http://www.apecgrad.umn.edu/Admissions/index.htm. Students should apply by the December deadline to ensure priority consideration for admissions and funding.
Applicants must submit their test score(s) from the following:
  • GRE
International applicants must submit score(s) from one of the following tests:
  • TOEFL
    • Internet Based - Total Score: 79
    • Internet Based - Writing Score: 21
    • Internet Based - Reading Score: 19
    • Paper Based - Total Score: 550
  • IELTS
    • Total Score: 6.5
  • MELAB
    • Final score: 80
The preferred English language test is Test of English as Foreign Language.
Key to test abbreviations (GRE, TOEFL, IELTS, MELAB).
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
Plan A: Plan A requires 14 major credits, 6 credits outside the major, and 10 thesis credits. The final exam is oral.
Plan B: Plan B requires 14 to 16 major credits and 10 to 12 credits outside the major. The final exam is oral. A capstone project is required.
Capstone Project:A project that demonstrates familiarity with the theoretical and empirical tools of economics. The Plan B project requires between 4 and 6 project credits (APEC 8793).
This program may be completed with a minor.
Use of 4xxx courses towards program requirements is not permitted.
A minimum GPA of 3.00 is required for students to remain in good standing.
MS students are required to complete graduate-level courses in microeconomic theory, macroeconomic theory, and econometrics or statistics, and are required to participate in two 1-credit MS seminars. Both Plan A and Plan B require a minimum of 30 credits, 14 credits of which must be in the major field (APEC, ECON, or STAT classes). These 14 major field credits must include a minimum of 9 credits in applied economics (excluding thesis and special topics, independent study, and APEC 8901-02). Plan A requires 10 thesis credits. Plan B requires a 4- to 6-credit project.
Required Courses
All students must complete one course from each sub-group and both seminar courses, with a minimum of 11 credits. Courses must be taken A-F only excluding seminar.
Complete one of the courses from this group A-F only.
APEC 5031 - Methods of Economic Data Analysis (3.0 cr)
or APEC 8211 - Econometric Analysis I (4.0 cr)
or STAT 5302 - Applied Regression Analysis (4.0 cr)
Complete the 5XXX level course or the 8XXX level series A-F only and a minimum of 3 credits.
APEC 5151 - Applied Microeconomics: Firm and Household (3.0 cr)
or Must complete entire series A-F
APEC 8001 - Applied Microeconomic Analysis of Consumer Choice and Consumer Demand (2.0 cr)
APEC 8002 - Applied Microeconomic Analysis of Production and Choice Under Uncertainty (2.0 cr)
Complete the 5XXX level course or the 8XXX level series A-F only and a minimum of 3 credits.
APEC 5152 - Applied Macroeconomics: Income and Employment (3.0 cr)
or Must complete entire series A-F
ECON 8105 - Macroeconomic Theory (2.0 cr)
ECON 8106 - Macroeconomic Theory (2.0 cr)
APEC 8901 - Graduate Seminar: MS & PhD (1.0 cr)
APEC 8902 - Graduate Research Development Seminar (1.0 cr)
Plan A
Electives
9 credits required (A-F only). 3 credits must be chosen from APEC, ECON, STAT (excluding STAT 5021, 5022, 5031). 6 credits may be chosen from APEC, ECON, STAT or a related field in consultation with advisor. All courses must be at 5XXX or 8XXX level. Recommended course APEC 5032.
APEC 5032 - Economic Data Analysis for Managerial and Policy Decisions (3.0 cr)
10 credits required in APEC 8777.
APEC 8777 - Thesis Credits: Master's (1.0-18.0 cr)
Plan B
Electives
13 credits required (A-F only). 3 credits must be chosen from APEC, ECON, STAT (excluding STAT 5021, 5022, 5031). 6 credits may be chosen from APEC, ECON, STAT or a related field in consultation with advisor. All courses must be at 5XXX or 8XXX level. Recommended course APEC 5032.
APEC 5032 - Economic Data Analysis for Managerial and Policy Decisions (3.0 cr)
Plan B Project
4 to 6 credits required in APEC 8793.
APEC 8793 - Master's Paper: Plan B Project (1.0-6.0 cr)
Joint- or Dual-degree Coursework:
MS-Applied Economics/MBA Students may take a total of 18 credits in common among the academic programs.
 
More program views..
View college catalog(s):
· College of Food, Agricultural and Natural Resource Sciences

View PDF Version:
Search.
Search Programs

Search University Catalogs
Related links.

College of Food, Agricultural and Natural Resource Sciences

Graduate Admissions

Graduate School Fellowships

Graduate Assistantships

Colleges and Schools

One Stop
for tuition, course registration, financial aid, academic calendars, and more
 
APEC 5031 - Methods of Economic Data Analysis
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Statistical and econometrics techniques for applied economists. Theory and application of multivariate regression model using data sets from published economic studies. Emphasis on use of statistical techniques to understand market behavior. prereq: Math 1271, Stat 5021, knowledge of matrix algebra
APEC 8211 - Econometric Analysis I
Credits: 4.0 [max 4.0]
Typically offered: Every Fall
Classical multiple linear regression, stochastic regressors, heteroscedasticity, autocorrelated disturbances, panel data, discrete dependent variables. prereq: [[Stat 4102 or Stat 5102], Ph.D. student] or instr consent
STAT 5302 - Applied Regression Analysis
Credits: 4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
Simple, multiple, and polynomial regression. Estimation, testing, prediction. Use of graphics in regression. Stepwise and other numerical methods. Weighted least squares, nonlinear models, response surfaces. Experimental research/applications. prereq: 3022 or 4102 or 5021 or 5102 or instr consent
APEC 5151 - Applied Microeconomics: Firm and Household
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Quantitative techniques for analysis of economic problems of firms and households. Links between quantitative tools and economic analysis Regression analysis, mathematical programming, and present value analysis. prereq: 3001 or or Math 1271 or Math 2243 or equiv or grad student or instr consent
APEC 8001 - Applied Microeconomic Analysis of Consumer Choice and Consumer Demand
Credits: 2.0 [max 2.0]
Course Equivalencies: 01840 - ApEc 8001/Econ 8001/Econ 8101
Grading Basis: A-F or Aud
Typically offered: Every Fall
Consumer behavior/demand. Introduction to welfare analysis. General equilibrium analysis in pure exchange economy. Part of four-course sequence (APEC 8001-8004). prereq: [[5151 or ECON 3101 or ECON 5151 or intermediate microeconomic theory], [[MATH 2243, MATH 2263] or equiv]] or instr consent
APEC 8002 - Applied Microeconomic Analysis of Production and Choice Under Uncertainty
Credits: 2.0 [max 2.0]
Course Equivalencies: 01841 - ApEc 8002/Econ 8002/Econ 8102
Grading Basis: A-F or Aud
Typically offered: Every Fall
Production, competitive markets, and choice under uncertainty. Technology and production, cost minimization and profit maximization, production duality, efficiency and technical change, general equilibrium of production. Part of four-course sequence (APEC 8001-8004). prereq: [[8001 or ECON 8001 or ECON 8101], [[MATH 2243, MATH 2263] or equiv]] or instr consent
APEC 5152 - Applied Macroeconomics: Income and Employment
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Static general equilibrium open economy models and simple business cycle models that examine economic growth, business cycles, and fiscal and monetary policy. Input-output analysis and large scale econometric models. Sources/properties of economy and sector-wide data. Empirical applications. prereq: 3001 or or Math 1271 or Math 2243 or equiv or grad student or instr consent
ECON 8105 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4165. prereq: 5152 or equiv, Math 2243, Math 2263 or equiv or instr consent
ECON 8106 - Macroeconomic Theory
Credits: 2.0 [max 2.0]
Typically offered: Every Fall
Dynamic general equilibrium models: solving for paths of interest rates, consumption, investment, prices. Models with uncertainty, search, matching, indivisibilities, private information. Implications for measurement and data reporting. Overlapping generations and dynasty models. Variational and recursive methods. This seven-week course meets with 4166. prereq: 8105
APEC 8901 - Graduate Seminar: MS & PhD
Credits: 1.0 [max 1.0]
Grading Basis: S-N or Aud
Typically offered: Every Fall
Attendance and active participation in applied economics research seminars. Effective research methods. Research topics and observe professional methods of research presentations.
APEC 8902 - Graduate Research Development Seminar
Credits: 1.0 [max 1.0]
Grading Basis: S-N or Aud
Typically offered: Every Fall & Spring
Faculty, students, outside speakers present research ideas/results, which participants critique. Topics vary according to interests of speakers. prereq: ApEc MS student or ApEc PhD student
APEC 5032 - Economic Data Analysis for Managerial and Policy Decisions
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Statistical and econometric methods for the analysis of large data sets to support managerial and policy decisions. Methods for organizing, accessing, and ensuring the quality of data. Estimation techniques include panel data methods, limited dependent variable models, and time series analysis. Clarity of reporting and design of procedures for maintaining and updating data estimates. prereq: 5031 or instr consent
APEC 8777 - Thesis Credits: Master's
Credits: 1.0 -18.0 [max 50.0]
Grading Basis: No Grade
Typically offered: Every Fall, Spring & Summer
(No description) prereq: Max 18 cr per semester or summer; 10 cr total required [Plan A only]
APEC 5032 - Economic Data Analysis for Managerial and Policy Decisions
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Statistical and econometric methods for the analysis of large data sets to support managerial and policy decisions. Methods for organizing, accessing, and ensuring the quality of data. Estimation techniques include panel data methods, limited dependent variable models, and time series analysis. Clarity of reporting and design of procedures for maintaining and updating data estimates. prereq: 5031 or instr consent
APEC 8793 - Master's Paper: Plan B Project
Credits: 1.0 -6.0 [max 6.0]
Grading Basis: S-N or Aud
Typically offered: Every Fall, Spring & Summer
Students work under guidance of adviser to complete their Plan B Paper project. prereq: Agri/ApEc MS student or ApEc MS student