Department of Economics
University of Maryland
College Park, MD 20742

Master of Professional Studies
Program in Applied Economics

Dr. John Straub, Program Director

College Park location
1102 Morrill Hall
Program Coordinator:
Hardeep Chowdhary
(301) 405-3557

Washington, DC location
1400 16th Street, NW
Suite 140
Washington, DC 20036
Program Coordinator:
Breana Dinh
(202) 525-4308

News & Events

Program Transitioning into STEM-designated Master of Science Program

      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 the program.
     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 Group.
     “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.

2018 Cohort

Our Program Ranked #2 in the US

CBEOur 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.

View the Recording of an Online Information Session

View the recording of an online Information Session about our STEM-designated M.S. in Applied Economics program.

You can stream the recording of an online information session about our  program via the following link:

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 master's degree program is currently accepting applications for 2019 enrollment.  The online application is posted with additional information on this page of our website:

Partnership with the National Association for Business Economics

CBEOur program has established a partnership with the National Association for Business Economics (NABE).

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.

Placement Events

placementOn February 13th our program co-hosted a Placement/Recruiting Event in Washington, DC.  Eighteen area employers participated. 

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, 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 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.

Guest 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 economists. 

News & Events Archive.