Master of Science in Applied Economics

Course Sequence – D.C.

Classes in the Washington, D.C. version of our program meet once a week for 12 weeks from 6:45-9:30 p.m. (There is always a 15-minute break somewhere between 7:45 and 8:30.) Students should expect to spend at least twice as much time outside of class each week, studying and working on homework. All of the Washington, D.C. classes also require students to participate in online discussions outside of class.

A given course covers the same material at the same level of rigor in both Washington, D.C. and College Park. Since the Washington, D.C. program compresses the same amount of material into 12 weeks instead of 15 weeks, the Washington, D.C. courses require more work per week than the College Park courses.

Course descriptions and sample syllabi can be found here.

Fall / SpringWinter / Summer
First TermECON 641 – Micro
ECON 643 – Empirical Analysis I
Second TermECON 642 – Macro
ECON 644 – Empirical Analysis II
Third TermECON 645 – Empirical Analysis III
And one of the following:
ECON 670 – Financial Economics
ECON 673 – Game Theory/Market Design
ECON 674 – Economic Analysis of Law
ECON 676 – Development Economics
Fourth TermTwo from the following:
ECON 671 – Health Economics (summer)
ECON 675 – Environmental Economics (winter)
ECON 677 – International Trade
ECON 672 – Program Evaluation
ECON 684 – Applied Time Series
Fifth TermTwo from the following:
ECON 683 – International Macro/Finance
ECON 687 – Economic Applications of R Programming
or any of the “3rd term” field courses not already completed

Note: Students can begin the D.C. version of our program in the fall or the spring. ECON 641, 643, and 645 are offered every fall and spring term. ECON 642 and 644 are offered every winter and summer term. Field courses (670 and higher) are not always offered in every term. Field courses tend to be offered once or twice per year, depending on student demand.   

The 12-week courses we offer in the Washington, D.C. version of our program are accelerated versions of the same 3-credit master’s level courses on our main campus in College Park. The College Park version of our program operates on the traditional semester-based academic calendar, with 15 class meetings per term, instead of just 12. To cover comparable material, our D.C. courses need to cover about 25% more material per week (15/12 = 1.25). 

About half the students who graduate from the Washington, D.C. version of our program complete the degree in just 15 months by taking 2 courses per quarter, as laid out above. The other half complete the degree at a slower pace, taking one course in some of the terms. Many students begin by taking just one course per term and then increase their course load to 2 courses per term after they have established mastery of the initial core material. This is especially advisable for newly admitted students with rusty calculus skills. 

When a student begins with just one course in the first term, that course should be ECON 641 (Microeconomic Analysis). When a student begins with just ECON 641 in the first term, they can proceed as follows:

1st term: ECON 641
2nd term: ECON 642 (+ ECON 673 or ECON 674 if they wish to add a 2nd course)
3rd term: ECON 643 (+ a field course if they are a strong student)
4th term: ECON 644 (+ a field course if they wish)
5th term: ECON 645 (+ a field course if they wish)

Once a student has completed the 5 core courses (ECON 641-645) they can complete the full M.S. degree by also completing 5 field courses of their choice. 

The University of Maryland’s Graduate School requires that students be enrolled in at least one course every term while they are pursuing their degree. Waivers to this policy are routinely granted as necessary. Leaves of absence are also possible under certain circumstances.