applied economics masters students presenting in class

Applied Economics & Predictive Analytics

Master of Science (M.S.)

Gain data analytics skills grounded in economic perspectives.

The Master of Science in Applied Economics & Predictive Analytics (MSAEPA) is ideal for those seeking careers in data analytics, data consulting, and forecasting. The program, available both on-campus and online, gives you the flexibility to continue your career while earning your master's. No GRE required!

Program type:
Master's Degree
Format:
On Campus or Online
Est. time to complete:
2 years
Credit hours:
30

Why earn your master's in Applied Economics & Predictive Analytics?

Graduate Application Deadlines
Fall:
May 15* | Aug. 1
Spring:
Oct. 15* | Dec. 1
Summer:
March 15* | May 1

*Priority deadline

If you're an international student, refer to the international application process for deadlines.

Accredited by AACSB

Logo of AACSB

UND’s master's in Applied Economics & Predictive Analytics is geared toward students looking to capitalize on the university’s expertise in data analysis and research. Many of our students go into fields like economic research and forecasting. You'll start with a foundation in econometrics and statistical analysis, using industry standard software such as STATA, and programming languages like R and Python. This foundation of hard skills will allow you to produce quality research right away. In fact, you will complete an independent study under the supervision of a faculty advisor during your graduate studies.

You will gain skills critical to landing a career in private industry or government. You'll:

  • Be taught to apply techniques in data analytics, informed by economic theory
  • Learn a range of data design structures, such as time series data, cross-sectional data, panel and longitudinal data, and quasi-experimental data
  • Be exposed to machine learning approaches, such as classification and regression trees, clustering methods, model averaging approaches and more

M.S. in Applied Economics & Predictive Analytics

  • Conduct research through UND's Institute of Policy & Business Analytics.

  • This is a STEM-designated program. You may be eligible to apply for the North Dakota University System STEM Loan Forgiveness Program.

  • Students are able to attend and also have access to live recordings of seminars given by eminent scholars in the field as part of the Korus Seminar Series in Economics & Finance.

  • Receive personalized career support through the Pancratz Career Development Center. The Center is dedicated exclusively to career development for online and on-campus business and public administration students.

  • Study at a Carnegie Doctoral Research Institution ranked #151 by the NSF. Students are an integral part of UND research.

  • Gain a competitive edge through UND's Accelerate to Industry (A2i)™ program. This workforce readiness program provides immersive job training for graduate students and postdoctoral researchers. It is one of only 30 programs nationwide.

What can you do with a master's in Applied Economics & Predictive Analytics?

132K

Estimated salary for the top 10% market research analysts, 2022

U.S. Bureau of Labor Statistics

13%

Expected employment growth for market research analysts and marketing specialists by 2032, much faster than average for all occupations

U.S. Bureau of Labor Statistics

Data analysts gather data, organize it and use it to write research and present meaningful conclusions. The type of work varies by the type of data being used, everything from sales to social media to inventory. A master's in Applied Economics puts you in position to launch a career in:

  • Economic Development
  • Strategic Planning
  • Consulting
  • Financial and Business Analysis
  • Applied Research

UND students with a master's in Applied Economics have gone on to a variety of successful careers with:

  • U.S. Bancorp
  • UnitedHealth Group, Inc.
  • Vaco, LLC
  • Affiliated Computer Services, Inc.
  • Ameriprise Financial Services, Inc.

M.S. Applied Economics & Predictive Analytics Courses

ECON 411. Economic Forecasting. 3 Credits.

An introduction to Economics Forecasting and Time Series Analysis. The course will cover specifications and estimation of ARMA models, seasonality, non-stationarity, unit roots and forecast evaluations. Empirical applications are used throughout the course. Prerequisite or Corequisite: ECON 410 or ECON 506. S.

ECON 506. Econometrics. 3 Credits.

Econometric analysis of economic and financial data. Topics include simple linear regression, multiple linear regression, and nonlinear regression functions. Techniques for dealing with violations of the regression models assumptions, including multicollinearity, heteroskedasticity, measurement error, endogeneity, and autocorrelation. Additional topics include binary variables, instrumental variable regression, big data, and time-series models. Estimation and testing of economic models will be an important part of the course. Prerequisite: Admission to the MBA or MSAE program, or department consent required. F,S,SS.

ECON 438. International Money and Finance. 3 Credits.

This course aims to help students understand international finance. The course introduces to the students the foreign exchange market, theory of exchange rate in the short run and in the long run, determinants of capital flows, current account balances, two regimes of exchange rates, exchange rate crises, and Euro. Prerequisite: ECON 309. F.

ECON 565. Demographic Methods for Economics. 3 Credits.

We examine the three key demographic processes: mortality, fertility, and migration . The course emphasis will be on model development for each of the processes. Applications include economic policy issues such as pensions, medical insurance , and other current issues. Prerequisite: ECON 210. SS.

ECON 545. Quantitative Methods for Impact Evaluation & Causal Inference. 3 Credits.

This course aims to familiarize the student with the current literature on the economics and econometrics of policy and program evaluation . Prerequisite: ECON 506. S.

ECON 504. Microeconomic Theory & Applications. 3 Credits.

Economic theory and methodology; theory of consumer behavior and demand; theory of production and distribution; equilibrium in commodity and factor markets; general equilibrium and welfare; behavior of economic agents in imperfect competition. Particular attention is given to efficiency and equity ramifications of perfectly competitive economic systems. Prerequisite: ECON 308. Prerequisite or Corequisite: ECON 416. F.

Best Online Applied Economics Master's

Numerous ranking agencies place UND's Applied Economics program in the Top 5 nationally. We are highly regarded for educational quality, affordability and career outcomes.

Year-after-year, U.S. News recognizes UND online graduate business programs. It points out our accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the gold standard of business school accreditation.

Our students appreciate our affordable tuition rates. Online master's in Applied Economics students pay the same tuition rate regardless of where you live. UND offers 13% lower tuition and fees than comparable institutions in the region.

UND's Online Master's in Applied Economics & Predictive Analytics

9#

best online university in the nation

EDsmart

2#

best online graduate programs

EDsmart

How are UND's online Applied Economics master's courses offered?

UND's Applied Economics master's is 100% online. You are never required to come to campus.

The Applied Economics master’s courses are offered either synchronous or asynchronous giving you maximum flexibility to complete the degree in the style you prefer. This allows you to interact with others in real time or stream video of classes at a later date.

In many Applied Economics & Predictive Analytics courses, you'll be expected to participate in "live" discussions held outside of classroom lecture times. These are held at set times, usually in the evenings, which are convenient for most students.

With asynchronous classes, you do not attend class at a set time. If you need to balance work, family, and other commitments, this flexible format allows you to learn anywhere at any time.

Depending on your instructor, you’ll learn online through:

  • Lesson modules
  • Streaming video content
  • Virtual libraries
  • Posted lectures
  • Online simulations

There will be times when you interact with your instructor and classmates through online discussion boards, polls, and chat rooms.

Your learning revolves around materials that can be accessed on your own time within a set time frame. However, this is not a self-paced course. You’ll have structure and deadlines.

Synchronous classes are held in real-time. If you’re the kind of learner who likes active discussion and immediate feedback through live interaction, you’ll enjoy this online course format.

Every class is different, but generally, you’ll log into a virtual classroom at scheduled times to:

  • Listen to a lecture.
  • Ask questions.
  • Participate in class discussions.
  • Conduct group activities.
  • Participate in video-sharing.
  • Have chat conversations.
  • Use interactive whiteboards.
  • Take live polls.

You should prepare for your classes by finishing any assigned readings, compiling questions for your instructor, and thinking about how to contribute to the next live class.

Online Applied Economics Student Resources

No matter how you customize your online experience, you’ll get the same top-quality education as any other on-campus student.

  • Same degree. All online programs are fully accredited by the Higher Learning Commission (HLC). Your transcript and diploma are exactly the same as our on-campus students.
  • Same classes. You’ll take courses from UND professors, start and end the semesters at the same time and take the same classes as a student on campus.
  • Real interaction. You can ask questions, get feedback and regularly connect with your professors, peers and professionals in the field.
  • Your own academic advisor. As an invaluable go-to, they’re focused on you, your personal success and your future career.
  • Free online tutoring. We're here to help you one-on-one at no cost. Plus, get access to a variety of self-help online study resources.
  • Unlimited academic coaching. Need support to achieve your academic goals or feeling stumped by a tough course? We'll help with everything from stress and time management to improving your memory to achieve higher test scores.
  • Full online access. Dig into virtual research from the Chester Fritz Library. Improve your writing skills with online help from the UND Writing Center. Get online access to career services, veteran and military services, financial services and more.
  • 24/7 technical support. UND provides free computer, email and other technical support for all online students.

Best Online College

Reportedly high alumni salaries and job placement rates, coupled with affordable online tuition rates make UND a best-value university for online education. UND's breadth of online programs rivals all other non-profit universities in the upper Midwest making UND one of the best online schools in the region.

UND ranks among the best online colleges in the nation for:

  • Affordability
  • Student satisfaction (retention rate)
  • Academic quality (4-year graduate rate)
  • Student outcomes (20-year return on investment per Paysacle.com)

Leaders in Economics

See what makes UND leaders in Applied Economics & Predictive Analytics.

Explore More Options

Learn more about applied economics studies at UND and determine if it's the right program for you.

Department Contact
Kevin Dunn
Graduate Adm Officer & Advisor
P 701.777.2975
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