Campuses:
This is archival data. This system was retired as of August 21, 2023 and the information on this page has not been updated since then. For current information, visit catalogs.umn.edu.
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)
Email:
apecdgs@umn.edu
Website: https://apec.umn.edu/graduate/ms
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 Applied Economics MS program prepares students for careers in both public and private sectors as well as further graduate study. All students are required to complete a semester-long mathematical treatment of optimization theories and economic models that emphasize cost-benefit analysis. In addition, students will be trained in the statistical economic (econometric) models that are used to evaluate and quantify theoretical relationships and forecast counterfactual economic outcomes. Required coursework covers price theory for goods and services that trade in competitive and noncompetitive markets. Elective coursework applies these microeconomic and econometric foundations to important questions related to food and agriculture, international trade and development, and natural resources and the environment. The program also provides flexibility to incorporate relevant elective coursework from other disciplines.
Program Delivery
Prerequisites for Admission
The preferred undergraduate GPA for admittance to the program
is 3.00.
Other requirements to be completed before admission:
Coursework covering:
i) principle and intermediate microeconomic and macroeconomic theory,
ii) univariate and multivariate differential and integral calculus, and
iii) introductory statistics
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, and a diversity statement. For complete application instructions, visit the website: https://apec.umn.edu/graduate/admissions. Students should apply by the December 10 deadline to ensure priority consideration for admissions and funding.
Applicants must submit their test score(s) from the following:
International applicants must submit score(s) from one of the following tests:
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
20
major credits,
0
credits outside the major,
and
10
thesis credits.
The final exam is oral.
Plan B: Plan B requires
30
major credits and
0
credits outside the major.
The final exam is oral.
A capstone project is required.
Capstone Project:30 total credits including 24-26 credits of coursework and 4-6 APEC 8793 project credits. Complete a capstone project demonstrating an understanding of the theoretical or empirical tools of economics. Take a final oral exam.
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.
Coursework offered on both the A-F and S/N grading basis must be taken A-F.
Required Coursework (11 to 14 credits)
Econometrics (3 to 4 credits)
Select APEC 5031 (3 credits) or APEC 8211 and APEC 8212 (4 credits total) in consultation with the advisor.
APEC 5031 - Methods of Economic Data Analysis
(3.0 cr)
Macroeconomic Theory (3 or 4 credits)
Select APEC 5032 (3 credits), or ECON 8105 AND ECON 8106 (4 credits), or APEC 8213 AND APEC 8214 (4 credits)
APEC 5032 - Economic Data Analysis for Managerial and Policy Decisions
(3.0 cr)
or
APEC Doctoral Level Options
APEC 8213 - Econometric Analysis III
(2.0 cr)
APEC 8214 - Econometric Analysis IV
(2.0 cr)
Microeconomics Theory (3 to 4 credits)
Select APEC 5151 (3 credits) or APEC 8001 and APEC 8002 (4 credits total) in consultation with the advisor.
APEC 5151 - Applied Microeconomics: Firm and Household
(3.0 cr)
Elective Coursework (9 to 13 credits)
Plan A students select at least 9 credits, and Plan B students select at least 13 credits from the following, in consultation with the advisor. At least 3 credits must be APEC, ECON, or STAT courses. STAT 5021 cannot be applied to this requirement.
APEC 5xxx
APEC 8xxx
ECON 5xxx
ECON 8xxx
STAT 5xxx
STAT 8xxx
Plan Options
Plan A
-OR-
Plan B
Plan B Project (4 to 6 credits)
Take 4 to 6 credits in consultation with the advisor.
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.
Program Sub-plans
A sub-plan is not required for this program.
Students may not complete the program with more than one sub-plan.
Integrated BS-Agricultural Food Business Management/MS-Applied Economics
The department offers an integrated Bachelor of Science-Agricultural Food Business Management and Master of Science-Applied Economics program. The integrated BS-AFBM/MS-APEC program offers students the opportunity to earn a bachelor’s degree and a master’s degree in five years. The integrated program emphasizes education in applied economics and provides preparation for students wishing to pursue a career in agribusiness. Students can complete a Plan A option, which balances coursework and research development, or a Plan B option that focuses more on coursework.
The integrated program offers streamlined admission from the undergraduate program to the graduate program (GRE is not required); flexibility in fulfilling required courses for both degrees in the senior year; and eligibility for teaching and research assistantships. The BS-AFBM and MS-APEC degrees must be completed in their entirety, with no courses shared between them. The graduate degree cannot be earned before the undergraduate requirements are satisfied. Admitted students who decide not to complete the MS degree are permitted to count credits originally planned for the graduate program toward their BS-AFBM technical electives.
Students pursuing the integrated degree may apply between 9 and 16 graduate-level (5xxx-level and above) credits taken during the integrated senior year toward MS degree requirements.
Students must spend a minimum of two semesters as a graduate student after the completion of their undergraduate degree.
Integrated BS-Applied Economics/MS-Applied Economics
The department offers an integrated Bachelor of Science-Applied Economics and Master of Science-Applied Economics program. The integrated BS-APEC/MS-APEC program offers students the opportunity to earn a bachelor’s degree and a master’s degree in five years. The integrated program emphasizes education in applied economics and provides preparation for students wishing to pursue a career in applied economics. Students can complete a Plan A option, which balances coursework and research development, or a Plan B option that focuses more on coursework.
The integrated program offers streamlined admission from the undergraduate program to the graduate program (GRE is not required); flexibility in concurrently enrolling in undergraduate-level and graduate-level courses in the senior year; and eligibility for teaching and research assistantships. The BS-APEC and MS-APEC degrees must be completed in their entirety, with no courses shared between them. The graduate degree cannot be earned before the undergraduate requirements are satisfied. Admitted students who decide not to complete the MS degree are permitted to count credits originally planned for the graduate program toward their BS-APEC technical electives.
Students pursuing the integrated degree may apply between 9 and 16 graduate-level (5xxx-level and above) credits taken during the integrated senior year toward MS degree requirements.
Students must spend a minimum of two semesters as a graduate student after the completion of their undergraduate degree.
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Credits: | 3.0 [max 3.0] |
Typically offered: | Every Fall |
Credits: | 2.0 [max 4.0] |
Typically offered: | Every Fall |
Credits: | 2.0 [max 4.0] |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Typically offered: | Every Spring |
Credits: | 2.0 [max 2.0] |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Typically offered: | Every Spring |
Credits: | 2.0 [max 2.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 3.0 [max 3.0] |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | ApEc 8001/Econ 8001/Econ 8101 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 2.0 [max 2.0] |
Course Equivalencies: | ApEc 8002/Econ 8002/Econ 8102 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 1.0 [max 1.0] |
Grading Basis: | S-N or Aud |
Typically offered: | Every Fall |
Credits: | 1.0 [max 1.0] |
Grading Basis: | S-N or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 -18.0 [max 50.0] |
Grading Basis: | No Grade |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 1.0 -6.0 [max 6.0] |
Grading Basis: | S-N or Aud |
Typically offered: | Every Fall, Spring & Summer |