Quantitative analysis

For Evidence-Based Decisions

How the Programs Work

Overview | Advising | UMCP MPS Plan | UMCP GC Plan | WDC MPS Plan | WDC GC Plan

Programs Overview

Graduate Programs in Applied Economics offers a master’s degree or a graduate certificate at two locations: Washington, D.C. (WDC) or College Park, Maryland (UMCP). The UMCP and the WDC formats use different academic calendars. The UMCP format uses the traditional semester-based, 16-week, academic calendar; the WDC format uses a quarter term system, 12-week, academic calendar. Both formats offer the exact same curriculum and courses. Both formats feature seminar-style, face to face learning with instruction provided by Department of Economics faculty and experts in the field. Students admitted into one format (UMCP or WDC) may not register for courses in the other format. Courses in the UMCP format meet at the UMD College Park campus. Courses in the WDC format meet at 1400 16th Street, NW, Washington D.C.

The Master of Professional Studies in Applied Economics (MPS) is a 30-credit (ten 3-credit courses) program has five core courses (15 credits) and five field courses (15 credits). The MPS provides training in economic reasoning, formulating and estimating economic models and forecasting, and utilizing quantitative methods to evaluate policy proposals and programs. The MPS emphasizes empirical skills, particularly data analysis and interpretation, with respect to economic and public policy applications. Focusing on the application of modern economic tools to the analysis of public policy questions, the MPS emphasizes the role of econometric analysis and economic policy analysis with a particular focus on real-world examples, data manipulation and management and modeling.

The Graduate Certificate of Professional Studies in Economic Analysis (GC) is a 15-credit (five 3-credit courses) program that offers enhances quantitative and analytical skills and deepens the understanding of economic analysis. The GC focuses on the role of econometric analysis in policy with particular focus on empirical skills, particularly data collection, manipulation, and management.

For a detailed overview for each format’s plan of study, click on the links below.

Graduate Programs in Applied Economics is offered through the Department of Economics in the College of Behavioral and Social Sciences. The Department offers additional program information on their Website, click here.

Advising & Academic Director

Mentoring and advisement is an essential part of the program. Students meet with faculty and the program director to ensure that educational goals are being met. Prospective students are urged to consult with Dr. John Straub, Executive Director, via e-mail: straub@econ.umd.edu.

UMCP Format MPS Plan of Study

The UMCP format for the 30-credit MPS in Applied Economics may be completed in 24 months. Students register for five core courses (15 credits) and five field courses (15 credits). Full-time students complete three courses over the course of three semesters (fall, spring, fall) with the final course taken in the last spring semester. The UMCP format may be taken part-time and students should note if a course has a pre-requisite or co-requisite. A minimum 3.0 GPA is required to maintain good academic progress for graduation. Students are responsible for keeping track of their progress and should review their academic record to ensure accuracy. Students should visit Semester Calendars & Deadlines to determine the semester schedule start and end dates as well as deadlines for cancellation or withdrawal.

UMCP Format: MPS in Applied Economics
Course Core Courses Pre-requisites Semester
ECON641 Microeconomics   Fall
ECON642 Macroeconomics   Fall
ECON643 Empirical Analysis I   Fall
ECON644 Empirical Analysis II ECON643 Spring
ECON645 Empirical Analysis III ECON644 Fall
Choose 5 of the field courses below
ECON670 Financial Economics ECON641 and ECON644
(can be taken concurrently with ECON644)
Spring
ECON671 Economics of Health Care ECON641 and ECON645
(can be taken concurrently with ECON645)
See note below*
ECON672 Program Evaluation ECON641 and ECON645 See note below*
ECON673 Game Theory & Market Design ECON641 and ECON644
(can be taken concurrently with ECON644)
See note below*
ECON674 Economic Analysis of Law ECON641 and ECON644
(can be taken concurrently with ECON644)
Spring
ECON675 Environmental Economics ECON641 and ECON645
(can be taken concurrently with ECON645)
See note below*
ECON676 Economic Development ECON641, ECON642 and ECON644
(can be taken concurrently with ECON644)
See note below*
ECON683 International Macroeconomics ECON641, ECON642 and ECON644
(can be taken concurrently with ECON644)
See note below*
ECON684 Applied Time Series ECON642 and ECON645 See note below*

*Note: ECON 641, 642, 643, and 645 are offered every fall. ECON 644, 670, and 674 are offered every spring. Field courses are not offered in every term. Three field courses may be offered in the fall and two field courses may be be offered in the spring.

UMCP Format GC Plan of Study

The UMCP format for the 15-credit GC in Economic Analysis may be completed in 15 months as outlined below. A minimum 3.0 GPA is required to maintain good academic progress for graduation. Students are responsible for keeping track of their progress and should review their academic record to ensure accuracy. Students should visit Semester Calendars & Deadlines to determine the semester schedule start and end dates as well as deadlines for cancellation or withdrawal.

UMCP Format: GC in Applied Economics
Course Core Courses Pre-requisites Semester
ECON641 Microeconomics   Fall
ECON642 Macroeconomics   Fall
ECON643 Empirical Analysis I   Fall
ECON644 Empirical Analysis II ECON643 Spring
ECON645 Empirical Analysis III ECON644 Fall

WDC Format MPS Plan of Study

The WDC format for the 30-credit MPS in Applied Economics may be completed in 15 months. Students register for five core courses (15 credits) and five field courses (15 credits). Full-time students complete two courses over the course of five 12-week terms. The WDC format may be taken part-time and students should note if a course has a pre-requisite or co-requisite. A minimum 3.0 GPA is required to maintain good academic progress for graduation. Students are responsible for keeping track of their progress and should review their academic record to ensure accuracy.

Students should visit Term Calendars & Deadlines to determine the term schedule start and end dates as well as deadlines for cancellation or withdrawal. In a 12-week term, students complete course work in 11 weeks; week 12 is reserved for finals.  Term I = Fall; Term II = Winter; Term III = Spring; Term IV = Summer.  Students in the WDC format may begin enrollment in either term I or III.

WDC Format: MPS in Applied Economics
Course Core Courses Pre-requisites Term
ECON641 Microeconomics   I, III
ECON642 Macroeconomics   II, IV
ECON643 Empirical Analysis I   I, III
ECON644 Empirical Analysis II ECON643 II, IV
ECON645 Empirical Analysis III ECON644 I, III
Choose 5 of the field courses below
ECON670 Financial Economics ECON641 and ECON644
(can be taken concurrently with ECON644)
May be offered I, III*
ECON671 Economics of Health Care ECON641 and ECON645
(can be taken concurrently with ECON645)
May be offered II, IV*
ECON672 Program Evaluation ECON641 and ECON645 May be offered II, IV*
ECON673 Game Theory & Market Design ECON641 and ECON644
(can be taken concurrently with ECON644)
May be offered I, III*
ECON674 Economic Analysis of Law ECON641 and ECON644
(can be taken concurrently with ECON644)
May be offered I, III*
ECON675 Environmental Economics ECON641 and ECON645
(can be taken concurrently with ECON645)
May be offered II, IV*
ECON676 Economic Development ECON641, ECON642 and ECON644
(can be taken concurrently with ECON644)
May be offered I, III*
ECON683 International Macroeconomics ECON641, ECON642 and ECON644
(can be taken concurrently with ECON644)
May be offered I, III*
ECON684 Applied Time Series ECON642 and ECON645 May be offered II, IV*

*Note: ECON 641, 643 and 645 are offered every term I and III. ECON 642 and 644 are offered every term II and IV. Field courses are not offered every term. For field courses—ECON 670, 674, 676, 683, and 673: only three or four will be offered in any given I/III term. For field courses—ECON 672, 684, 671, and 675: only two or three will be offered in any given II/IV term.

WDC Format GC Plan of Study

The WDC format for the five course, 15-credit GC in Economic Analysis may be completed in 9 months as outlined below. A minimum 3.0 GPA is required to maintain good academic progress for graduation. Students are responsible for keeping track of their progress and should review their academic record to ensure accuracy. Students should visit Term Calendars & Deadlines to determine the term schedule start and end dates as well as deadlines for cancellation or withdrawal. Term I = Fall; Term II = Winter; Term III = Spring; Term IV = Summer.

WDC Format: GC in Applied Economics
Course Core Courses Pre-requisites Term
ECON641 Microeconomics   I, III
ECON642 Macroeconomics   II, IV
ECON643 Empirical Analysis I   I, III
ECON644 Empirical Analysis II ECON643 II, IV
ECON645 Empirical Analysis III ECON644 I, III

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