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M.A. On Campus

Applied Economics

University of Illinois at Chicago

24 months
Duration
24738 USD/year
24738 USD/year
11870 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Master in Applied Economics programme at the University of Illinois Chicago is designed for students who desire an MA degree in economics as either a stepping stone to a Ph.D. program or a career that requires such preparation, but have not extensively studied economics in an undergraduate program. 

Overview

At the Applied Economics programme at the University of Illinois Chicago we provide analytically rigorous training in economic theory and statistical analysis that is accessible to students with less preparation in mathematics than is required for enrollment in an Economics Ph.D. program. Importantly, we condense this accelerated program into three semesters, including summer, so that students can complete the entire program in ten months. This substantially reduces the cost and enables students to matriculate to a Ph.D. program or enter the job market after only a single year of study.

We have structured the program to meet the needs of and engage students with diverse backgrounds and interests. The core economic theory and statistical methods courses are analytically rigorous but do not require extensive training in mathematics and do not focus on mathematical derivations or proofs. However, students with the requisite training in mathematics may substitute courses from our Ph.D. program in place of the corresponding Applied MA course. This enables these students to engage the material at a more mathematically sophisticated level and demonstrate their knowledge to Ph.D. programs and employers.

The UIC Economics Department has historically been strong in applied research and econometric analysis, particularly in the areas of health and education economics and policy. Applied MA students have the opportunity to take elective courses with leading young scholars in these areas. Students also have the opportunity to take courses outside of the Economics Department or in other areas that fit with their interests, or to take additional mathematics coursework that may be needed as preparation for a future Ph.D. program. Finally, all students have the choice to write an MA thesis or to complete additional coursework.

Program Description

The program consists of two courses taken during July and early August followed by four courses in each of the fall and spring semesters for a total of 10 courses and 40 credit hours. All students must complete one course in mathematical methods for economics, two courses in microeconomic theory, one course in macroeconomic theory, three courses in quantitative methods, and one course in reading, writing and speaking economics. Either a thesis or two elective courses can be used to complete the program.

The fundamental principal of the Applied MA Program in Economics is the provision of a comprehensive graduate education tailored to the needs and interests of each student. Students will meet regularly with the program director and an advisor in order to support good progress and develop a program of study that fits the unique interests and objectives of each. The dedication of three courses to the study of quantitative methods reflects our belief that an in-depth understanding of statistical methods and research design are fundamental to a successful pursuit of further study in economics or application of knowledge gained to the workplace.

Programme Structure

Courses include:
  • Mathematical Methods for Economics
  • Probability and Statistics for Econometrics
  • Applied Microeconomics
  • Applied Macroeconomics
  • Applied Econometrics

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5
Start practicing IELTS today!
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.
54
More about PTE Academic
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
80

Credits

40 alternative credits

Delivered

On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
3

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5
Start practicing IELTS today!
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.
54
More about PTE Academic
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
80

Other requirements

General requirements

  • Applicants are considered on an individual basis. Transcripts from all colleges and universities attended in the last eight years must be submitted. 
  • An undergraduate degree in economics is not required. Prior academic work must include one semester of calculus and statistics. Applicants are encouraged to take at least one more semester of calculus and intermediate microeconomic theory.
  • Tests Required GRE
  • Letters of Recommendation Three letters are required.
  • Personal Statement and Resume/CV A personal statement and resume/CV are required.

Tuition Fee

To alway see correct tuition fees
  • International

    24738 USD/year
    Tuition Fee
    Based on the tuition of 12369 USD per semester during 24 months.
  • National

    24738 USD/year
    Tuition Fee
    Based on the tuition of 12369 USD per semester during 24 months.
  • In-State

    11870 USD/year
    Tuition Fee
    Based on the tuition of 5935 USD per semester during 24 months.

Living costs for Chicago

1297 - 2491 USD /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Fresh content

Updated in the last 3 months

Check the official programme website for potential updates.

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Applied Economics
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University of Illinois at Chicago

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