MA in Economics - Applied Economics in Normal United States | Illinois State University

Our Applied Economics master's program bridges fundamental economic principles with statistical methods to address practical challenges encountered by professionals. The curriculum prioritizes rigorous econometrics and forecasting instruction, hands-on experience with complex datasets, and proficiency in various statistical software tools. This equips graduates with marketable analytical capabilities valued by employers while strengthening doctoral applicants' competitiveness for elite programs. Structured as a professional terminal degree, the Applied Economics track develops quantitative expertise for careers as economists, analysts, or planners across industries. Though many alumni progress to economics PhDs or related doctoral studies, the program equally serves working professionals seeking business-focused graduate credentials for career growth. As a STEM-certified program, it emphasizes quantitative examination of economic systems and issues, providing students with advantages like research funding eligibility and, for international scholars, extended practical training periods.