Campuses:
Twin Cities campus
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.
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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
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 M.S. 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
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 M.S. 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 M.S. 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:
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
14
major credits,
6
credits outside the major,
and
10
thesis credits.
The final exam is oral.
Plan B: Plan B requires
14
major credits and
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.
M.S. 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 M.S. 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 11 credits taken A-F only excluding seminars.
APEC 5031 - Methods of Economic Data Analysis
(3.0 cr)
APEC 5151 - Applied Microeconomics: Firm and Household
(3.0 cr)
APEC 5152 {Inactive}
(3.0 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). Courses can be chosen from APEC, ECON, STAT (excluding STAT 5021, 5022, 5031) at 5xxx or 8xxx in consultation with advisor.
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). Courses can be chosen from APEC, ECON, STAT (excluding STAT 5021, 5022, and 5031) at 5xxx, or 8xxx in consultation with advisor. 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.
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