Department of Economics
University of Maryland
College Park, MD 20742
Master of Professional Studies
Program in Applied Economics
Dr. John Straub, Program Director Straub@umd.edu
College Park location
1102 Morrill Hall
(301) 405-3557 CPmastersfirstname.lastname@example.org
Washington, DC location
1400 16th Street, NW
Washington, DC 20036
(202) 525-4308 DCmastersemail@example.com
News & Events
Transitioning into STEM-designated Master of Science
The Board of Regents of the
University of Maryland System voted on April 19th to approve a
proposal to convert our program into a STEM-designated
Master of Science program. The proposal has also
been approved by the Maryland Higher Education
Commission. Students in the Fall 2019 cohorts in both of
the program’s locations (College Park and Washington, DC) will
be able to enroll in the new STEM-designated M.S. version of
One practical implication of the STEM
designation is that international graduates of the M.S.
program will be eligible for a 2-year extension to the
standard 1-year Optional Practical Training in the U.S. after
graduation. “We have hired students from the University of
Maryland’s Applied Economics master’s program since its
inception. The STEM designation gives Optimal and other
potential employers a viable opportunity to hire highly
qualified international graduates with scarce skill
sets.” -- Mark Turner, CEO of Optimal Solutions
“The program’s curriculum has always
emphasized the quantitative econometric approach that’s now
officially recognized by the STEM designation.” -- John
Shea, Associate Chair and Director of Graduate Studies in
the Department of Economics.
The program’s curriculum will
continue to evolve in this direction, with new courses in
development, including a course on economic applications of
Python and R programming.
Program Ranked #2 in the US
program has been ranked 2nd in the US according to The
Financial Engineer's 2019 ranking of Top Master of Economics
Programs. The annual ranking of economics master's
degree programs is based on several factors, including
graduate salaries, the undergraduate grades of students in the
program, and graduate employment rates. Our program's
raking has risen from #3 in 2018, #4 in 2017, and #5 in
2016. Congratulations to our students and faculty for
the well-deserved recognition.
Attend an Information
Our department is hosting 2 Information Sessions in
the DC area:
Thursday, November 7th on our main campus in College
Park, and Wednesday, December 11th in Washington, DC near DuPont
Both sessions will be at 6:45 PM. There will be a
presentation and opportunities to meet with our program
director, Dr. John Straub, and with other representatives from
our department. Light refreshments will be served.
The full presentation, including Q&A at the end, is about
1 hour long. A "clickable" table of contents makes it
easy to skip to the next topic at any point.
Our department's STEM-designated Master of Science degree
program is currently accepting applications for 2020 - spring
or fall enrollment. The online application is posted
with additional information on this page of our website:
The NABE is a professional organization for people who apply
economics in business settings. The NABE offers a Certified Business
Economist (CBE) credential for professional economists.
Economists can take CBE prep courses from the NABE to prepare
for their CBE exam. But the NABE also partners with
academic programs that offer relevant curricula.
The NABE's academic partners now include our program!
Students who have completed certain courses in our program's
curriculum are now able to take the NABE's CBE exam without
taking NABE's own courses, and with a discounted exam fee).
"Our program has long encouraged our students to become
members of the NABE and to participate in the many excellent
events that they sponsor in the Washington, DC area. The
networking opportunities that come with NABE membership have
already been valuable to many of our students. Now
graduates who also earn the CBE certification in addition to
our master's degree will have even more advantages on the job
market." -- Dr. John Straub, Director of the M.S.
Program in Applied Economics at the University of Maryland.
to our May 2019 Graduates
department held it's Spring 2019 Commencement Ceremony on
Friday, May 24th in the Xfinity Center on our main campus in
The commencement speaker was David Schaeffer, an alumnus of
our department, and the founder and CEO of Cogent
Communications—one of the world’s largest internet
providers. At the heart of his remarks for our
graduates: "There is nothing more rewarding than learning new
things and the key to anyone’s success is continued
There were 23 graduates in our master's program's spring 2019
graduating class. Ten of the 23 graduates were
international students from countries around the globe,
including China, The Bahamas, Costa Rica, India, and
Members of this spring's graduating class will be working as
economic analysts in private industry as well as government
agencies like the Bureau of Labor Statistics, and
non-governmental organizations like the World Bank, and the
American Institute for Research.
February 13th our program co-hosted a Placement/Recruiting
Event in Washington, DC. Eighteen area employers
ABT Associates, Board of Governors of the Federal Reserve,
Center on Budget and Policy Priorities, Fannie Mae, Federal
Deposit Insurance Corporation, FedWriters, FEMA- National
Disaster Recovery Support, Northwestern Mutual, Optimal
Solutions Group, Stout Advisory, Summit Consulting, US Bureau
of the Census (multiple branches and programs), US Bureau of
Labor Statistics, US Congressional Budget Office, US Consumer
Financial Protection Bureau, US Department of Energy, Energy
Information Administration, US Department of Labor, and The
We host similar events every February in Washington, DC and
every October on the University of Maryland's main campus in
Lectures from College Park Faculty
On May 8th, Dr. Misty
Heggeness of the US Census Bureau gave a guest lecture
in one of our program's core econometrics courses (ECON
644). Her presentation featured some examples from her
own work on topics including the discrepancies between the
earnings of husbands and wives, and the controversy over
asking about citizenship in the US Census, which was
considered by the US Supreme Court on April 23.
Dr. Heggeness usually teaches ECON 672 (Program Evaluation),
though she will be on a temporary leave from Census next year,
and serving as a Senior Visiting Scholar at the Opportunity
and Inclusive Growth Institute at the Minneapolis Fed.
ECON 672 will be taught in the fall by Dr. Maria Alva
of IMPAQ International. Dr. Alva's work has focused on
behavioral health and the cost-effectiveness of disease
prevention. She has developed important partnerships
with NGOs and clinics in the D.C. area. Dr. Alva was
also on hand to meet some students at Dr. Heggeness'
presentation on May 8th..
On April 24th, students in our Applied Time Series Analysis
course (ECON 684) got a visit from Dr. Sebnem
Kalemli-Ozcan. Dr. Kalemli-Ozcan is the Neil
Moskowitz Professor of Economics at the University of
Maryland. She is also a Research Associate at the
National Bureau of Economic Research (NBER) and a Research
Fellow at the Center for Economic Policy Research
(CEPR). Her current research focuses on real and
financial linkages in the global economy and the implications
of such linkages for economic fluctuations and growth.
Dr. Kalemli-Ozcan's presentation in April focused on
applications of panel data techniques to the study of
international finance using micro-level data.
We look forward to many more guest lectures from the Maryland
economics department faculty, and from other distinguished