Department of Economics
University of Maryland
College Park, MD 20742
Master of Science
Program in Applied Economics
Dr. John Straub, Program Director Straub@umd.edu
College Park location
1102 Morrill Hall
(301) 405-3557 CPmastersemail@example.com
Washington, DC location
1400 16th Street, NW
Washington, DC 20036
(202) 525-4308 DCmastersfirstname.lastname@example.org
News & Events
Tuition frozen at 2017 level through 2020/21 Academic Year
Our program's tuition has
been $3,250 per course since 2017. Despite approval for
a tuition increase, we have decided to keep tuition frozen at
$3,250 per course through the 2020/21 academic year.
This rate is significantly lower than the tuition charged by
most comparable programs. As many students and their
families suffer financial hardship, we are doing what we can
to keep the investment in our program's training both feasible
Transitions into STEM-designated Master of Science Program
The Board of Regents of the
University of Maryland System voted on April of 2019 to
approve a proposal to convert our program into a STEM-designated
Master of Science program. The proposal was also
been approved by the Maryland Higher Education Commission, and
has been in effect since the fall of 2019.
One practical implication of the STEM
designation is that international graduates of our program are
now eligible for a 2-year extension to the standard 1-year
Optional Practical Training in the U.S. Being eligible
to stay in the US for up to 3 years after graduation makes our
graduates even more attractive to potential OPT sponsors. “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.
Program Ranked #1 in the US
program has been ranked #1 in the US according to the TFE
Times' 2020 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 has been ranked in their
top 5 every year since 2016. Congratulations to our
students and faculty for the well-deserved recognition.
Attend an online
Our program will be hosting an online Information
Session on Thursday, June 4th, at 6:45 PM (US Eastern
Standard Time, GMT - 5:00).
The session will be a WebEx Meeting, and will last about 1
hour. During the session we will give a presentation and
field questions, which online participants can submit via the
WebEx Meeting chat window.
If you would like to receive an email with information about
how to participate in the online Information Session, please
RSVP to email@example.com
Program's Career Placement Discussed in Washington Post
Dr. Straub was quoted in a feature about connecting students
and graduates with jobs. In addition to the career fairs
that our program organizes for students and alumni, Dr. Straub
also noted the valuable networking opportunities. Many
of the students and PhD instructors already work at exactly
the same kinds of places that recruit our students.
These include government agencies, as well as private
consulting firms, and international organizations like the
World Bank and International Monetary Fund.
Lecture from IMF Board Member
21st, Dr. Liviu Voinea will be giving a guest lecture
in our program's International Macroeconomics and Finance
course (ECON 683). Dr. Voinea is the Romanian Board
Member of the IMF, and a former Deputy Governor of the
Romanian National Bank.
Dr. Voinea's areas of expertise dovetail nicely with the
content of ECON 683, including the global crisis and policy
responses in Central and Eastern Europe; trade-offs in modern
central banking (in particular financial stability vs. price
stability); issues related to global financial stability;
euro-area and US subdued inflation; and the weaker link
between wages and inflation (post-crisis Phillips Curve).
Dr. Voinea's recently published e-book, “One Hundred Years of
Honesty: Recovering the Lost Memory of the Romanian Economy”
has relevance for all economies in the Euro Zone.
We look forward to many more guest lectures from the Maryland
economics department faculty, and from other distinguished
with the National Association for Business Economics
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 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.
November 6th our program co-hosted a Placement/Recruiting
Event on our main campus in College Park. Twenty-two
area employers participated.
Bipartisan Policy Center; Econometrica, Inc.; Fannie Mae;
Federal Deposit Insurance Corporation; Federal Housing Finance
Federal Reserve Board of Governors; FedWriters;
JSI; Northwestern Mutual; Office of Inspector General, Office
of Evaluation and Inspections; Optimal Solutions Group;
Resolution Economics; Summit Consulting; The Urban Institute;
U.S. Bureau of the Census; U.S. Consumer Financial Protection
Bureau; U.S. Department of the Treasury; U.S. Securities and
Exchange Commission; U.S. Department of Homeland
We host similar events every fall in College Park and every
February in Washington, DC. Our next event will be on
Wednesday, February 12th.