Applied Economics, Master of Science

For contributing to any level of government policy formulation and policy making. Choose from among a rich variety of electives: Industrial Organization, Public Economics, Economics of Health Care, Environmental & Resource Economics, Economics of the Labor Market, Law and Economics, and Political Economy. Cost-Benefit Analysis provides conceptual and quantitative tools essential for contemporary microeconomic policy formulation and evaluation. Both Microeconometrics and Macroeconometrics are germane to the subject, as is Survey Research Methods. Computable General Equilibrium Modeling builds a powerful tool with widespread use in the analysis of taxation, income distribution, and environmental matters.

These are two by now obviously strongly complementary subjects, and we have a rich set of offerings. The foundation for the microeconomic analysis of intertemporal and interstatial [risk] allocation is laid in Financial Economics. Financial Intermediation & Financial Markets considers how existing institutions cope with both. Theory and practice are deepened in Economics of Investments & Financial Management and Economics of Derivatives. Further perspective is gained through Behavioral Economics & Finance. The economic aggregates are treated in Monetary Economics, International Finance [Open Economy Macro], and Economic Growth, while Finance and the Macroeconomy and Topics in Macroeconomics provide additional depth and integration. Quantitative tools are found in Macroeconometrics, Financial Econometrics, and Macroeconomic Forecasting.

For gaining an analytical and quantitative perspective on global matters. Substantive courses include International Finance [Open Economy Macro], International Trade [Open Economy Micro], Development Microeconomics, and Economic Growth. Here too, Cost-Benefit Analysis provides essential conceptual and quantitative tools. Microeconometrics and/or Macroeconometrics, as well as Survey Research Methods, further develop the corresponding quantitative skills. Computable General Equilibrium Modeling builds a powerful tool with widespread applicability in this field.

Spatial Economics

(online only)

For contributing to local economic policy analysis and policy making. Students choose Regional Economics and Urban Economics from the Applied Economics Program, and up to two courses from the Geographic Information Systems Program, or one course from the Geographic Information Systems Program and 470.703 Urban Data Analytics from the Government Analytics Program.

Environmental Economics

(on-site and online)

For contributing to efficient corporate and public policy. Students take Environmental & Resource Economics, Cost-Benefit Analysis, and Microeconometrics and/or Macroeconometrics in the Applied Economics Program. Computable General Equilibrium Modeling builds a powerful tool with widespread use in the field. Up to two courses from the in-house Environmental Science and Policy, Energy and Climate Change, or Geographic Information Systems programs, some of which are available online, can count towards the electives in the program.

Health Economics

(on-site and online)

Bring to bear the tools of economics in this burgeoning field. Students take Economics of Health Care, Cost-Benefit Analysis, and Microeconometrics in the Applied Economics Program, and choose three to six credits from science, specialized quantitative, and policy courses in the part-time Master of Public Health Program at the Bloomberg School, offered online.

Any or all courses offering training in advanced econometrics and empirical methods — Microeconometrics, Macroeconometrics, Financial Econometrics, Macroeconomic Forecasting, Bayesian Econometrics, Survey Research Methods, Cost-Benefit Analysis, Computable General Equilibrium Modeling, and Machine Learning in Statistics — are sincerely recommended for consideration to non-degree seeking students and degree candidates alike.