Program Description

Organizations across many industries use economic analysis and quantitative methods to study and forecast business, sales, and other market trends. These organizations increasingly turn to economists to apply analysis of big data to pricing, advertising, and other areas. The increasing complexity of the global economy and a more competitive business environment are expected to support the demand for economists, which is currently projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations. A master’s in applied economics can be a gateway to one of the best-paying postgraduate degrees; the median annual wage for economists was $105,630 in May 2021.

The Master of Science in Applied Economics from AUM is a carefully designed program which offers rigorous training in quantitative analysis, economic modeling and econometrics. It prepares graduates to seek employment as program or policy analysts who are skilled in evidence-based quantitative methods. It is a cohort program, meeting one evening a week. It can be completed in three semesters and is a 10-course program that includes classes such as:

• Microeconomic Analysis
• Macroeconomic Analysis 
• Foundations of Empirical Research 
• Industrial Organization 
• Macroeconomic Indicators and Data 
• Econometric Modeling and Forecasting 
• Managerial Economics 
• Financial Economics 
• Modern Econometrics for Business and Managers 
• Time Series Econometrics

Admission Requirements

• An undergraduate degree from an accredited college or university. Official transcripts required at time of application. 
• A GPA of 2.5  is required. 

IELTS Requirements

Listening	Reading	Writing	Speaking	Overall
5.5	5.5	5.5	5.5	5.5

Remarks:

• I20(Visa Letter) can be obtained only after submitting a bank statement with a balance of USD $27,363
• Total 30 Credits program(Yearly tuition fee is given)