MSc 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 abilities 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 fields, the program equally serves working professionals seeking business-focused graduate education for career growth. As a STEM-certified degree, it emphasizes mathematical and statistical examination of economic systems, qualifying students for research funding opportunities and, for international candidates, extended OPT work authorization periods.