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The Master in Applied Economics trains participants in the use of basic resources that are used in problem solving and policy based on economic analysis.

The focus of the program is applied economics. This approach contrasts with that of alternative professional degrees, such as a Master of Business Administration, which provide the appropriate training for a career in business or management. 

The program’s focus on applied economics is also different from that of a master’s degree in economics, which is often seen as a stepping stone to a doctoral degree in economics and focuses on contributions to academic research. There are universities and institutions that offer this program free of charge that offer the possibility of a scholarship.

With a free Master’s Degree in Applied Economics, you will master how to build models based on economic principles and how to better apply data analysis to estimate, test, interpret, and explain these models.

You will gain practical experience in applying economic theories and principles to real-world situations. Students not only receive a solid background in theory and applications, but also develop a solid background in applied econometrics and data analysis.

What is a Master Degree in Applied Economics ?

A Master of Applied Economics provides students with the skills needed for the new types of jobs that are created every day in the digitalized economy. The curriculum integrates economics and data science from day one.

The program consists of a set of four core courses: Microeconomics, Macroeconomics, Econometrics, and Data Analysis. These courses provide students with a solid understanding of the key models used in Economics and equip them with the main tools for econometric research and data analysis. 

After completing these core courses, students will have an in-depth understanding of empirical analyses relevant to the discussion of economic issues and will have the skills necessary to undertake original research projects and their own data analyses.

Students gain a foundation in major programming languages such as Python and R in their first semester along with core microeconomic theory. They then learn to apply these tools to acquire, visualize, and analyze data in economic applications as they study topics including pricing, market platform design, and auctions. 

At the same time, they continue to learn new tools through courses in econometrics, experiments, machine learning, and other aspects of causal inference and research design.

Program, Subjects and Content of the Master Degree in Applied Economics

These are some of the topics that can be included in the programmatic content of a Master’s Degree in Applied Economics:

  • Microeconomics
  • Macroeconomic
  • Econometrics
  • Data analysis
  • Political Economy
  • Advanced data analysis
  • Labor Economics
  • Industrial Organization
  • Decision and game theory
  • Financial Economics
  • international trade
  • Open Economy Macroeconomics
  • Economic behaviour
  • Microeconometrics
  • Macroeconometrics
  • Advanced Macroeconomics
  • Financial regulation
  • Computer Economics

How Long Does the Master Degree in Applied Economics Take ?

A Master’s degree in Applied Economics lasts 1 to 2 years full time.

Where can I Work with the Master of Applied Economics ?

A Master’s degree in Applied Economics provides appropriate training for positions in private corporations, non-profit research organizations, and government service agencies, among others. Graduates may choose to become management specialists, policy analysts, forecasters, and economic consultants.

Public and private organizations increasingly seek to hire professionals who can understand and apply economic research. Career opportunities include positions in banking, communications, government, insurance, investment, research, and trade, among others.

In addition, a master’s degree in Applied Economics serves as preparation for a doctoral degree. Recent placements include:

  • Analyst
  • Economist
  • Economic analyst
  • Consultant
  • Marketing Manager
  • Procurement Manager
  • Agricultural analyst 
  • Instructor 
  • Market Analyst
  • Manager
  • Economist

Countries and Cities Where You Can Study the Master’s Degree in Applied Economics for Free Obtaining a Scholarship

  • Australia
  • United States
  • Belgium
  • Russia
  • Sweden
  • Ireland
  • Norway
  • United Kingdom
  • Canada

Institutes, Centers and Universities Where the Master Degree in Applied Economics is Possibly Taught for Free, through Scholarships

Master’s Degree in Applied Economics

  • Macquarie University
  • New South Wales, Australia.

Master’s Degree in Applied Economics

  • University of Illinois at Chicago
  • Illinois, United States.

Master of Applied Economics – Economic Policy

  • University of Antwerp
  • Antwerp, Belgium.

Master’s Degree in Applied Economics

  • National Research University – Higher School of Economics (HSE)
  • Moscow, Russia.

Master’s Degree in Applied Economics and Data Analysis

  • University of Jönköping
  • Jönköping, Sweden.

Master’s Degree in Applied Economics

  • Faculty of Economics of the UCD
  • Dublin, Ireland.

Master’s Degree in Applied Economics

  • BI Norwegian Business School
  • Oslo, Norway.

Master’s Degree in Applied Economics

  • Strathclyde University
  • Scotland, United Kingdom.

Master in Applied Economics

  • University of Winnipeg
  • Winnipeg, Canada.

Master Degree in Applied Economics Reference Prices

The prices of the Master’s Degree in Applied Economics can be varied. The prices of these Masters are between 4,560$ and 29,300$. In some cases it can have a higher cost.

The cost of this Master’s degree will vary depending on the country where it is taught, the institution or university that teaches the Master’s degree, the modality, the duration, and the materials provided during the study, among other factors.

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