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). At the discretion of the MSAE Program Director, test scores may be waived for students holding a graduate degree in a business or STEM related field from an AACSB accredited institution.
  4. Satisfy the School of Graduate Studies’ English Language Proficiency requirements as published in the graduate catalog.
  5. Complete ECON 308 Intermediate Microeconomic Theory, ECON 309 Intermediate Macroeconomic Theory and Policy, ECON 210, Introduction to Business and Economics Statistics, and MATH 146 Applied Calculus I, or equivalent.
  6. Applicants may be eligible for admission in “Qualified” 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.
  7. 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.

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. Interested students should consult with 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 MSAE curriculum varies according to whether the student chooses a non-thesis option or a thesis option (see below). The non-thesis option is the program default and is meant to provide rigorous training in economic analysis and data analytics to students aspiring to become economic practitioners (e.g., consultants, analysts). The thesis option is available for students who seek to conduct original research. The thesis option is primarily targeted towards students planning to pursue further graduate work (e.g., Ph.D.) in Economics or related areas.

Thesis topics must be approved by the student’s faculty advisory committee, conducted under the guidance of the student’s faculty advisor, and then completed to the satisfaction of the faculty advisory committee. Students on the non-thesis track will complete an independent study which serves as a capstone for the program. The independent study allows the student to demonstrate her command of the methods and perspectives taught in the program in investigating a substantive problem. In contrast with the thesis, the independent study examines the student’s ability to do independent scholarly work but does not demand an original contribution to knowledge. 

Non-Thesis option (minimum of 30 credit hours)

Required core courses:

ECON 411Economic Forecasting3
ECON 416Mathematics for Economists3
ECON 504Advanced Price Theory3
ECON 505Advanced Macroeconomic Theory3
ECON 506Econometrics (Econometrics)3
ECON 534Applied Economic Analysis3
ECON 997Independent Study3
Electives *9
Total Credits30

*Electives (minimum of 9 credit hours):

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.

Thesis Option (minimum of 34 credit hours)

Required core courses:

ECON 411Economic Forecasting3
ECON 416Mathematics for Economists3
ECON 504Advanced Price Theory3
ECON 505Advanced Macroeconomic Theory3
ECON 506Econometrics (Econometrics)3
ECON 534Applied Economic Analysis3
ECON 596Applied Economics Research Seminar3
ECON 998Thesis4
Electives *9
Total Credits34

*Electives (minimum of 9 credit hours):

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.

Electives

ECON 438International Money and Finance3
ECON 510Topics in Applied Econometrics3
ECON 524Advanced International Economics3
ECON 545Applied Public Economics3
ECON 565Demographic Methods for Economics3
ECON 575Advanced Special Topics3
ECON 597Economic Research Internship3

Outline of Full-Time Course Schedule

The MSAE is designed to be completed in one and a half years of full time study. The non-thesis option requires a minimum of 30 credits hours while the thesis option requires a minimum of 34 credits hours. Below is the recommended course schedule of completion.

Plan of Study Grid
First Year
FallCredits
ECON 416 Mathematics for Economists 3
ECON 506 Econometrics (Econometrics) 3
ECON 504 Advanced Price Theory 3
Elective 1 3
 Credits12
Spring
ECON 411 Economic Forecasting 3
ECON 505 Advanced Macroeconomic Theory 3
ECON 534 Applied Economic Analysis 3
Elective 2 3
 Credits12
Summer
ECON 596 Applied Economics Research Seminar * 3
 Credits3
Second Year
Fall
ECON 997 Independent Study ** 3
ECON 998 Thesis * 4
Elective 3 3
 Credits10
 Total Credits30 or 34

*If pursuing thesis option. **If pursuing non-thesis option. 

Office of the Registrar

Tel: 701.777.2711
1.800.CALL.UND
Fax: 701.777.2696

Twamley Hall Room 201
264 Centennial Drive Stop 8382
Grand Forks, ND 58202-8382