Learning Goals

The Applied Economics program has three main goals.  You will learn how to:

  1. Identify an economic conundrum that you want to explain;
  2. Apply the theoretical tools of micro- or macroeconomics and the quantitative tools of data analysis and econometrics to find a solution to your economic conundrum; and
  3. Communicate your analysis in a clear and coherent manner that will teach your audience something that it didn’t know before you made your presentation.

To reach these goals, you will:

  • Analyze the existing literature to understand what we, i.e., experts in the field of economics, already know about the issue so that you can tell us something that we don’t already know about your economic question;
  • Apply the microeconomic and/or macroeconomic theories and use appropriate econometric techniques to analyze your economic question;
  • Employ modern data visualization techniques, become comfortable speaking in public, and present quantitative analysis in a way that effectively communicates your ideas;
  • Incorporate economic thought into your daily life, work as team members, and act ethically to avoid common plagiarism and copyright pitfalls in your research and writing;
  • Develop the skills to tackle any real-world economic issue.

By the time you complete the program, you will be able to demonstrate that you have mastered the critical thinking and quantitative skills necessary to analyze any economic question.  With this knowledge, you will be qualified to call yourself an applied economist and to pursue a career as an applied economist.

Specialties

  • Budgetary and fiscal policy
  • Regulatory and anti-trust economics
  • Financial regulation
  • Economic forecasting
  • Development economics
  • Labor and human resource economics
  • International trade and financial policy
  • Urban and regional economics

Depending on where you choose to specialize, you will learn how to:

  • Measure the impacts and outcomes of government programs
  • Analyze and forecast trends in economic indicators
  • Independently undertake empirical economic research and analysis

Students who wish to continue onto doctoral studies will be prepared for Ph.D. programs in applied economics, business economics and public policy, among others.

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Applied Economics Fact Sheet