Online Master’s In Economics 2021

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Economists analyze financial data, forecast economic trends, and research economic issues. According to the Bureau of Labor Statistics (BLS), economists earn a median annual salary of over $108,000 and enjoy much faster-than-average projected job growth between 2019-2029.

Our list ranks the top online master's in economics degrees for 2021. This article also introduces common economics courses, scholarship opportunities for economics students, and potential careers for graduates.

Master's in Economics Degree Common Questions

Why Get a Degree in Economics?

Master's in economics degrees cover topics like statistical models, forecasting software, and applied econometrics. Students gain the knowledge and skills needed for roles like economist, economic forecasting analyst, risk manager, and financial manager. Many of these career paths offer six-figure salaries and strong projected job growth.

The online learning format makes a master's in economics degree more accessible to many students. For instance, online students can attend top programs nationwide without relocating. Additionally, many online programs often give students the flexibility to balance their studies with professional and personal responsibilities.

How Much Does an Economics Degree Cost?

The cost of an online economics degree varies by factors like school, location, and delivery format. For example, public universities typically charge lower tuition rates than private universities. George Mason University, a public institution, charges $900 per credit for its online master's in economics. The online master's in applied economics at American University, a private school, costs $1,812 per credit.

Many public universities offer tuition discounts to in-state students. At Purdue University, for example, in-state students pay $968 per credit for the online master's in economics program. Out-of-state students pay $1,075 per credit.

Attending a master's in economics program online can often save students money. For instance, online students may save on many of the expenses that on-campus students incur, such as housing and commuting costs. Additionally, many schools offer tuition discounts to online students.

How Much Do Economics Majors Make?

Graduates with a master's in economics degree can pursue roles like economist and financial manager. According to the BLS, economists make a median salary of $108,000 per year. However, salaries vary considerably by factors like location, experience, and industry. For instance, economists who work in finance or for the federal government make above-average salaries for the job title.

Financial managers also benefit from high earning potential. These professionals make a median annual salary of $134,000. A master's in economics also meets the requirements for lucrative roles like personal financial advisor, financial analyst, and budget analyst.

Courses in Economics

A master's in economics degree online builds strong research and analytical skills. Students learn how to forecast economic trends, test economic hypotheses, and analyze economic data. Courses cover topics like applied econometrics, mathematical economics, economic theory, and economic growth. Many programs also incorporate an internship that gives students hands-on experience in the field.

While each program sets its own curriculum and course descriptions, the following list outlines courses commonly found in online master's in economics programs.

• Econometrics

  Econometrics applies statistical approaches to economics. In econometrics courses, degree-seekers learn how to test hypotheses and forecast future trends. Coursework introduces students to software programs, experimental design, and different statistical models.

• Mathematical Economics

  Economists rely on mathematical skills to conduct statistical analyses and forecast economic changes. In mathematical economics courses, learners strengthen their calculus and algebra skills. The course also emphasizes logarithms, statistics, and economic applications of mathematical concepts.

• Financial Stability

  The course examines the role of the U.S. banking and financial system in the national economy, including economic growth and financial stability. Topics include financial development, economic competition, and financial crises. Learners also examine regulatory issues, recent challenges to financial stability, and the relationship between the government and financial institutions.

Certifications and Licensure for Economics

Economics professionals work in fields like finance, business, and economics. In many of these fields, professional certifications help professionals move into specialized roles. Most certifications set educational requirements and incorporate an examination. The following list outlines several common economics certifications.

Scholarships and Fellowships for Economics

Master's in economics students can pursue fellowships and scholarships to help pay for their degree. Professional associations, private foundations, and government agencies all offer scholarships for economics degree-seekers. In addition to the following opportunities, students can find scholarships based on factors like their school, state, or career goals.

Online Master's in Economics Programs 2021

Genevieve Carlton

Genevieve Carlton holds a Ph.D. in history from Northwestern University and earned tenure as a history professor at the University of Louisville. An award-winning historian and writer, Genevieve has published multiple scholarly articles and a book with the University of Chicago Press. She currently works as a freelance writer and consultant.