M.A. in Nutrition
The Master of Arts (M.A.) in Nutrition program at Illinois State University is a compre...
M.S. in Applied Economics
Normal, Illinois
INTAKE: Jan & Aug
Program Overview
The Master of Science (M.S.) in Applied Economics program at Illinois State University is a rigorous and comprehensive graduate program that focuses on the application of economic principles and quantitative methods to address real-world economic challenges. The program covers advanced topics in microeconomic and macroeconomic theory, providing students with a deep understanding of economic behavior at both individual and aggregate levels.The M.S. in Applied Economics is taught by experienced faculty members with diverse research interests, providing students with valuable mentorship and academic support.
Curriculum:
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Quantitative Analysis: The M.S. in Applied Economics emphasizes quantitative analysis and econometric techniques. Students learn to use statistical tools to analyze economic data and draw meaningful conclusions.
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Economic Modeling: The program equips students with the skills to construct and interpret economic models, enabling them to predict outcomes and evaluate policy interventions.
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Applied Econometrics: Students gain expertise in applied econometrics, learning how to apply statistical methods to analyze economic relationships and test hypotheses.
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Research Methodology: The program emphasizes research methodology, teaching students how to design and conduct economic research, collect data, and present findings effectively.
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Policy Analysis: Students learn to evaluate the impact of economic policies on different sectors of the economy and society, using empirical evidence to inform policy decisions.
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Elective Specializations: The program offers elective courses that allow students to specialize in areas such as labor economics, health economics, environmental economics, financial economics, or international trade.
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STEM-Designated Program: The M.S. in Applied Economics is STEM-designated, reflecting its focus on Science, Technology, Engineering, and Mathematics disciplines. This designation allows international students to be eligible for Optional Practical Training (OPT) extensions in the United States.
Location
Normal, Illinois
Score
IELTS: 6.5
Tuition Fee
USD 23900
Entry Requirements for International Students (Postgraduate)
Application Fees : Waiver
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Academic Qualifications: A minimum GPA of 3.0 on a 4.0 scale or an equivalent percentage (typically 60% and above) is often required.
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English Language Proficiency: The minimum required scores for each test are as follows:
- IELTS: Overall score of 6.5 with no band less than 6
- TOEFL: Minimum score of 79 (iBT)
- PTE: Minimum score of 60
- DET (Duolingo English Test): Minimum score of 105
ISU offers several scholarships and financial aid options for international students to help them pursue their academic goals. These scholarships are based on academic achievements, leadership skills, and other criteria.
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International Tuition Waiver: International students who demonstrate exceptional academic performance and show promise for contributing to the ISU community may be eligible for tuition waivers. These waivers can significantly reduce the cost of tuition.
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Redbird Academic Scholarship: This scholarship is awarded to incoming undergraduate international students who have outstanding academic records. The scholarship amount varies depending on the student's academic achievements.
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Redbird International Ambassador Scholarship: This scholarship recognizes outstanding leadership skills and contributions to the international community. Recipients of this scholarship serve as ambassadors for international students at ISU.
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College-Specific Scholarships: Various colleges within ISU offer scholarships for international students pursuing specific academic programs. These scholarships are often based on academic performance and potential for success in the chosen field of study.
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Study Abroad Scholarships: ISU encourages international students to engage in study abroad programs to gain global experiences. The university offers scholarships to support international students' participation in these programs.
International students interested in applying for scholarships at ISU should review the specific eligibility criteria and application deadlines for each scholarship.
Graduates of the M.S. in Applied Economics program have excellent career prospects in various sectors, both in the public and private domains.
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Economic Analyst: Graduates may work as economic analysts, conducting research, analyzing economic trends, and providing insights to businesses, government agencies, or research institutions.
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Policy Analyst: Graduates can pursue careers as policy analysts, evaluating the impact of economic policies and proposing evidence-based recommendations to policymakers.
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Data Analyst: Graduates with strong quantitative skills can work as data analysts, interpreting economic data and drawing meaningful conclusions.
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Research Economist: Graduates may become research economists, conducting economic research for academic institutions, think tanks, or research organizations.
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Consultant: Graduates can work as economic consultants, advising businesses or organizations on economic matters and strategic planning.
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Government Economist: Graduates may work in government agencies as economists, contributing to economic analysis and policy formulation.
The M.S. in Applied Economics program at Illinois State University provides students with a solid foundation in economic theory, advanced quantitative skills, and practical knowledge to excel in the dynamic field of applied economics. Graduates are well-prepared to address complex economic challenges and contribute their expertise to foster evidence-based decision-making in various sectors.
