Department of Economics
University of Maryland
College Park, MD 20742

Master of Professional Studies Program in Applied Economics
1400 16th Street, NW
Suite 140
Washington, DC 20036

Master's Program contact:
Dr. John Straub

News & Events

Our Program Ranked #4 in US

The University of Maryland's professional master's degree program in applied economics has been ranked 4th in the US by The Financial Engineer. This is up from #5 in 2016 and #6 in 2015. Rankings are based on several factors including graduate salaries, the undergraduate grades of students in the program, and graduate employment rates. Congratulations to our students and faculty for the well-deserved recognition!

Wall Street Journal Publishes Op-Ed by One of Our Students

John MuellerOn January 25th, The Wall Street Journal published an Op-Ed by John Mueller, who is a student in our program.  The piece, entitled “Trump’s Real Trade Problem is Money,” grew out of his work on an assignment in Lauren Bresnahan’s Macroeconomics course (ECON 642).  Dr. Bresnahan has worked as an economist in Washington and on Wall Street.  John’s piece argues that, “… Mr. Trump’s economic and trade policies will fail unless he finds a solution to the [Triffin] Dilemma – the inherent incompatibility, in a reserve-currency country, of domestic policy with the international monetary order.”  As required in the ECON 642 assignment, the piece outlines the debate surrounding this current policy issue, and relates it to the macroeconomic theory covered in ECON 642.

John Mueller is a non-traditionally aged student.  He retired in January 2015 as president of LBMC LLC, a firm in Washington, D.C. specializing in economic and financial-market forecasting and economic policy analysis.  As an undergraduate he studied political science and English, but his career gravitated towards economic policy.  In the 1980’s he advised Congressman Jack Kemp and was involved in the drafting of legislation including the Tax Reform Act of 1986.  He is the author of Redeeming Economics: Rediscovering the Missing Element (ISI Books, 2010; updated paperback, 2014), and he currently serves as the Director of the Economics and Ethics Program at the Ethics and Public Policy Center in Washington, DC.

"I didn’t know I would make my living as an economist until long after my undergraduate years, and didn’t need an advanced degree to earn a living on Capitol Hill or Wall Street.  But at age 63, I think I will need one to continue earning a living and pass along some of what I have learned to others.  So I was delighted to discover UMD’s first-rate master’s program in applied economics, which makes sense for me even in dollars and cents (as befits the program)." - John Mueller, a student in our program.

The Wall Street Journal has received a glimpse of something that I am exposed to every week in my economics discussions.  Weekly, we discuss different topics in economics, which also allows us to connect with our professors and peers." - Lamont Timmons, a more "traditionally-aged" classmate of John Mueller in our program.

Attend an Information Session

We will be hosting Information Sessions for potential applicants on Tuesday, May 23rd, and on Thursday, June 1st.  The sessions will feature a presentation and opportunities to meet with the program's director, Dr. John Straub, and with other representatives from the University of Maryland's Department of Economics.  Light refreshments will be served.

The session on May 23rd will be in downtown Washington, DC.  The session on June 1st will be on the University of Maryland's main campus in College Park.  Please RSVP via email for additional details.

Please RSVP:

You can also view the recording of an Online Information Session.

Note: Some users have reported problems connecting with the Firefox web browser.  If you experience difficulty, please paste the following link into Google Chrome or another browser:


Placement Events

placementOn February 14th our program co-hosted a Placement/Recruiting Event in Washington, DC.  Sixteen area employers participated.  In addition to a general career fair, some employers scheduled private interviews with selected candidates during the event. 

As with previous events, we co-hosted this event with our department's undergraduate program in cooperation with the University of Maryland's Career Center.   

The participating employers were:

Abt Associates, Center on Budget and Policy Priorities, Econometrica, Inc., Edgeworth Economics, IMPAQ, KPMG, Macroeconomic Advisers, Moody's Analytics, Optimal Solutions Group, Summit Consulting, US Bureau of the Census, US Congressional Budget Office, US Department of Energy, US Department of the Treasury, US Securities & Exchange Commission, and The World Bank

We host similar events every February in Washington, DC and every October on the University of Maryland's main campus in College Park.

Program Expanding to Accommodate International Applicants

Prior to this year, the University of Maryland has not been able to issue the immigration documents necessary for international students to study in our DC-based program (F-1 student visas).  In August we began accepting applications for a parallel version of our program on the university’s main campus in College Park.  The university will be able to support F-1 student visas for international students in the on-campus version of our program in College Park. 

“It has been very frustrating to turn away so many qualified international applicants to our program.  We are very pleased that the on-campus version of our program will be able to support international student visas.” – Dr. John Straub, Director of the University of Maryland’s Master of Professional Studies in Applied Economics Program

The University of Maryland’s main campus in College Park is just 9 miles up Route 1 from our program’s Washington, DC location.  The College Park campus community includes more than 40,000 students.  About one-third of the campus’ roughly 10,000 graduate students come from outside the United States, with more than 130 different countries represented.  Students on campus have access to a wide variety of services, including the university’s office of International Student and Scholar Services

Program's Spring 2016 Teaching Award

We are pleased to announce Dr. Lauren Bresnahan as the recipient of our program’s Spring 2016 teaching award.  Dr. Bresnahan is an Analyst in the Congressional Budget Office's Macroeconomic Studies Division.  She also has experience in the corporate and investment banking sector, and in economic consulting.  She has been teaching our program's core macroeconomics course since 2014.   

“Lauren Bresnahan's enthusiasm for macroeconomics, and for teaching macroeconomics, has been evident since she joined our faculty.  She is gifted with the ability to make students enjoy a rigorous course.  Students in her course are held to our program's high standards.  They learn a lot and they have fun while doing so.  Many students also cite her as a much appreciated source of career advice outside of class.”  - Program Director, Dr. John Straub

"Macroeconomics is everywhere, you just need to know where to look.  In this class students learn the theory and directly apply it to understand market trends, changes in fiscal and monetary policy, and current macroeconomic debates.  By the end of the course, I know I have done my job when students walk in excited about movements in the market and macroeconomic headlines in the news.” – Dr. Lauren Bresnahan, recipient of the Spring 2015 Teaching Award, University of Maryland, Master of Professional Studies in Applied Economics Program.

Guest Lectures from College Park Faculty

On January 18th, our program was pleased to host a guest lecture from Dr. Sergio Urzua in our Program Evaluation course - ECON 672.  Professor Urzua is on the Research Faculty at the National Bureau of Economic Research and a Research Fellow at The Institute for the Study of Labor.  He earned his PhD from the University of Chicago in 2007, where he studied under Nobel Prize laureate James Heckman.  Dr. Urzua's research has focused on development and labor economics.  During his visit to ECON 672, Dr. Urzua presented estimates of increased birth rates in Chile during a period when proven price collusion between pharmaceutical companies led to an unexpected and dramatic rise in the cost of contraceptive pills.

We are looking forward to a visit on May 4th from Dr. Jessica Goldberg in our program's Development Economics course - ECON 676.  Dr. Goldberg is an Assistant Professor of Economics at the University of Maryland, an Affiliate of the Abdul Latif Jameel Poverty Action Lab, and a Non Resident Fellow at the Center for Global Development.  She will be presenting research related to the effects of Malawi's public works program on food security.

The students in ECON 676 will also be getting a visit from Dr. Erin Troland, an Economist in the Office of Economic Policy at the US Department of the Treasury.  Dr. Troland will be presenting research on taxation in developing countries. 

We look forward to these and many more guest lectures from the Maryland economics department faculty, and from other distinguished economists. 

News & Events Archive.