The University of Maryland's professional master's degree
program in applied economics has been ranked 4th in the US by
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!
Street Journal Publishes Op-Ed by One of Our Students
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
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.
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.
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.
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
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
“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.
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
“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
"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.
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
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