A master’s in economics is study that is divided into two primary fields: microeconomics and macroeconomics. Microeconomics focuses how individual decisions can affect how individuals and organizations handles wealth. Macroeconomics is more concerned with the national, regional, and global economic markets based on general economic factors, such as interest rates and national productivity. Both are complex fields that require specialized knowledge, which is why many pursue master’s degrees.
Students of a master’s program can expect courses to focus primarily in three core areas—economic theory, econometrics, and applied economics. While there is a range of subjects within the core areas of focus, it is quite common to follow a degree specification. These common specifications can range from international finance to real estate, where as their capstones will primarily focus on the degree specification they choose to follow. In any case, students can feel confident they are receiving the intensive instruction they need to provide insight as economists.
Degree holders can work as economists, statisticians, mathematicians, financial advisors, and market research analysts.
Yes, many programs offer online degrees. The key is to find an accredited program that suits your specific scheduling needs.
Most online degrees are accepted by employers—online degrees are very common and even the most well-respected schools offer them.
A master’s in Economics takes around 2 years to complete, which is the standard length for most graduate programs.
An advanced degree often leads to higher salaries and employment rates. In addition, those with economic expertise provide valuable insight that informs critical policies.
As for career stability, there are many roles that a master’s in economics can lead to such as statisticians, mathematicians, financial advisors, and market research analysts. Others often become teachers as well to ensure that future students and professionals have advanced training opportunities. But no matter which path a professional chooses, their voices are necessary for shaping the political and economic policy that affects daily life.
For more more resources and career information related to this degree, please read our career guide here.