The Master of Science in Applied Economics at Illinois State University is designed for ambitious students seeking to master the quantitative and analytical skills essential for addressing complex economic challenges in both the public and private sectors. You will gain an in-depth understanding of economic theory and statistical techniques, with a strong emphasis on econometrics and forecasting. This STEM-designated program is ideal for those aiming for impactful careers as economists or research analysts, or for individuals looking to enhance their professional standing with advanced business-related knowledge.
This full-time, on-campus Master's program, typically completed over two years, offers two distinct pathways: a thesis option for those pursuing further academic research, or a non-thesis option focusing on intensive coursework. You will engage with core economic principles, advanced electives, and practical statistical software, potentially including ECO 437, ECO 438, and ECO 495. You will graduate with a robust skill set in data analysis and economic modelling, prepared for roles in industry, government, or advanced doctoral studies.