Overview

The Applied Economics programme at the University of Minnesota provides students with a rigorous foundation in economic theory and quantitative data analysis. This Master of Science degree is specifically designed to bridge the gap between theoretical academic research and practical applications in policy and management.

Students benefit from a curriculum that emphasises mathematical proficiency, building upon prior knowledge of calculus, linear algebra, and statistics. The department offers a fast-paced environment where learners can choose between two distinct research pathways to suit their professional goals. Plan A involves a traditional thesis, while Plan B focuses on additional coursework and specialised research projects.

Tuition Fee Breakdown

International fee: USD 16776 per semester
National fee: USD 16776 per semester
Local fee: USD 10632 per semester

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

Modules may include:

Applied Microeconomics - Firm and Household
Applied Macroeconomics
Economic Data Analysis for Managerial and Policy Decisions
Methods of Economic Data Analysis
Graduate Seminar
Research Seminar
Thesis
Research Project

Careers with Applied Economics

Graduates from this programme are well-prepared for diverse roles in the public and private sectors, often securing positions as economic analysts, policy advisors, or data consultants. The STEM designation enhances employability in technical fields, while the department's placement records show graduates entering industries such as finance, government, and international development.

The rigorous training in econometrics and quantitative methods allows alumni to pursue careers in market research, environmental policy, and agricultural business management. Many students also use the M.S. as a stepping stone toward doctoral studies in economics or related social sciences. The combination of theoretical depth and practical research experience ensures that graduates remain competitive in the global job market.

Programme Structure

Courses include:

Methods of Economic Data Analysis
Econometric Analysis
Economic Data Analysis for Managerial and Policy Decisions
Macroeconomic Theory
Applied Microeconomics: Firm and Household
Applied Microeconomic Analysis of Consumer Choice and Consumer Demand

Key information

Duration

Full-time
- 18 months

Start dates & application deadlines

Starting 2027-09-03 00:00:00
- Apply before 2026-12-10 00:00:00

More details

Applications received after December 10 will be considered only on a space and funds available basis.

Language

English

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IELTS

6.5

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Credits

30 SCH

Delivered

On Campus

Campus Location

Minneapolis, United States

Disciplines

Economics Econometrics Environmental Economics & Policy View 392 other Masters in Economics in United States

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Academic requirements

GPA

English requirements

Duolingo English Test

115

Take A Free Practice Test!

TOEFL^® IBT

Schedule TOEFL®

PTE Academic

Schedule a PTE test!

IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

A four-year bachelor’s degree (or the equivalent) is required, and a grade point average of 3.0 (B average) for both undergraduate and graduate coursework is preferred.
Minimum preparation for the M.S. program:
micro and macroeconomic theory at the intermediate undergraduate level
statistics
two semesters of calculus (differential and integral calculus)
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.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

33552 USD / year

≈ 33552 USD / year
Out-of-State

33552 USD / year

≈ 33552 USD / year
Domestic

Applies to you

In-State

21264 USD / year

≈ 21264 USD / year

Living costs

Minneapolis

United States

1130 - 2045 USD / month

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

Financing

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Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

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Scholarships Information

Below you will find Master's scholarship opportunities for Applied Economics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Living costs

Minneapolis

Financing

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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