Master of Science in Applied Economics

Admission Requirements

  1. A four-year bachelor’s degree from a recognized college or university.
  2. An overall undergraduate grade point average of 2.75 or greater for all undergraduate work or a GPA of at least 3.0 for the junior and senior years of undergraduate work (based on A=4.0).
  3. Official scores from the Graduate Record Examination (GRE) General Test or Graduate Management Admission Test (GMAT). Students with strong quantitative backgrounds, including current and former UND undergraduate STEM majors, or, students holding a graduate degree in a business or STEM related field from an AACSB accredited institution, may request a waiver of the GRE/GMAT requirement. 
  4. Satisfy the School of Graduate Studies’ English Language Proficiency requirements as published in the graduate catalog.
  5. Complete undergraduate intermediate microeconomics, one semester of calculus, and one semester of probability and statistics, or equivalent.
  6. Applicants may be eligible for admission in “Provisional” status with six credits of requisite undergraduate work provided that they meet all other stated admission criteria. In such cases, the student must satisfy all conditions in her/his admission letter in order to advance to “Approved” status. Failure to address the conditions of admission as stated in the admission letter will be viewed as unsatisfactory progress and could result in dismissal from the School of Graduate Studies.

Combined BS/MSAE Option: A combined BS/MSAE option is available to outstanding undergraduates who have completed 90 semester hours in a bachelor’s program at UND.

ECON 416 Mathematics for Economists and ECON 411 Economic Forecasting are the two courses that students in the combined program are permitted to count toward both a UND bachelor’s degree and the MSAE degree, but only if these courses are declared for graduate credit. All other courses taken for credit in the combined program must satisfy only bachelor’s program requirements, or only MSAE program requirements.

Interested students should consult with the MSAE Program Director.

Accelerated Bachelors/Masters (ABM) 5-Year Degree Option: The ABM degree program allows exceptional undergraduate students at UND an opportunity to complete the requirements for both the bachelor’s and master’s degrees at an accelerated pace. Undergraduates in both the BBA in Business Economics and the BA in Economics are eligible for consideration for the ABM. All requirements for both the undergraduate and MSAE degrees must be met, and these students may double count up to 12 graduate-level credits towards the requirements for their undergraduate degree and their MSAE degree requirements. ABM students must obtain their MSAE degree within 12 months of completing their undergraduate degree, provided that the degree requirements can be completed in that timeframe. 

Admission to the ABM is a competitive process.  The following are minimum eligibility requirements:    

  1. Students must meet the School of Graduate Studies admissions eligibility requirements. 
  2. Students must have completed a minimum of 60 credits, including credits earned from advanced placement and dual credit.  Students must apply before completion of the undergraduate degree.
  3. Transfer students with a minimum of 60 credits-whether from the transfer institution alone or in combination with UND credits-must have a minimum cumulative GPA of 3.0/4.0 at the time of admission to the ABM program.
  4. Students must have a minimum cumulative GPA of 3.0/4.0 at UND at the time of admission into the ABM program.
  5. ABM program applicants must submit the standard application to the School of Graduate Studies, the application fee, a personal statement, and transcripts.  ABM program applicants do not need to take the GRE/GMAT.  
  6. Additionally, ABM program applicants must submit a detailed Program of Study that describes the 12 credits of double counted courses, the courses that will be taken after being accepted into the MSAE program, the courses that will be taken before graduation from either of the eligible undergraduate programs, and the expected graduation date for each degree.  The submitted program of study must be signed by the student, the student's undergraduate advisor, the student’s graduate advisor, and the MSAE Program Director. 

Degree Requirements

Students seeking the Master of Science in Applied Economics degree through the Department of Economics & Finance at the University of North Dakota must satisfy all general requirements set forth by the School of Graduate Studies as well as particular requirements set forth by the Department of Economics & Finance.

The minimum number of credits for completing the MSAE is 30 credits. The MSAE curriculum consists of (i) an Economics Core, (ii) a set of Data Analytics courses, (iii) an Independent Study, and, (iv) a minimum of one 3-credit elective. The Independent Study serves as a capstone for the program and allows students to demonstrate their command of the methods and perspectives taught in the program in investigating a substantive problem. The program is designed to be completed within two academic years (5 semesters).

Economics Core (12 credit hours)

Required courses:

ECON 416Mathematics for Economists3
ECON 504Microeconomic Theory & Applications3
ECON 505Macroeconomic Theory & Applications3
ECON 506Econometrics (Econometrics)3
Total Credits12

Data Analytics (12 credit hours)

Required courses:

ECON 510Time Series Methods & Applications3
ECON 534Further Topics in Econometrics3
ECON 545Quantitative Methods for Impact Evaluation & Causal Inference3
ECON 411Economic Forecasting3
Total Credits12

Independent Study (3 credit hours)

ECON 997Independent Study3

*Electives (minimum of 3 credit hours)

ECON 438International Money and Finance3
ECON 503Government and Business3
ECON 524Advanced International Economics3
ECON 565Demographic Methods for Economics3
ECON 575Advanced Special Topics3
ECON 597Economic Research Internship3

*Examples shown; offerings may vary from semester to semester. Choices of cognate electives must be determined in consultation with and approved by the MSAE program director. Courses previously taken from UND for undergraduate credit may not be used to satisfy MSAE requirements.