Frequently Asked Questions
What is the basic structure of the Applied Economics Program?
The Masters Degree in Applied Economics requires the successful completion of 30 course credits (ten courses) in the Program. All students in the Program matriculate in a fall semester. Full-time students take four required courses (Microeconomics, Macroeconomics, Econometrics and Data Analysis) in the fall semester. Full-time students typically take three elective courses in the spring semester and three elective courses in the summer semester, thus completing the program in one calendar year. Part-time students typically take two courses in each of the fall and spring semesters and one or two courses in the summer semester. Classes are held in the evenings and late afternoons.
How long is the program and when are the classes?
Full-time students generally take the four core courses in the fall term, three elective courses in the spring term and three courses in the summer term.
Part-time students have a variety of options, but typically take two core courses (usually Microeconomics and Macroeconomics) in their first fall term, two electives in the first spring term, and one elective in the first summer term. They follow the same pattern in the next year starting with Econometrics and Data Analysis in their second fall term.
The fall term runs from late August to mid-December, the spring term begins in early January and ends in early May, while the summer term starts in mid-May and ends in mid-August.
Classes generally meet for two and a half hours in the late afternoon or evening on weekdays.
What application material is required?
- Application Form
- Application Fee
- Academic Statement of Purpose
- 3 Recommendations (at least one academic)
- Entrance Examination Requirements – Official Test Results (GRE)
- Foreign Applicant Entrance Examination (TOEFL or IELTS)
- Transcripts: Applicants are required to upload to the application copies of official transcripts from all undergraduate and graduate institutions attended where more than 15 credits of coursework have been completed or where program prerequisites have been completed (any number of credits). We consider these uploaded transcripts to be “unofficial” as they are submitted by the applicant. Transcripts from both degree and non-degree coursework provide the admissions committee a more complete picture of academic preparation for graduate study. Only transcripts that have been uploaded to the application by the student are required for the application review. Applicants who receive an offer of admission will be required at that time to submit official final transcripts (transcripts that have been submitted directly to Georgetown University by the institution) for verification prior to enrolling. Do not send electronic or paper copies of your official transcripts before receiving an offer of admission.
The Graduate School has specific guidance on the submission of transcripts, we recommend that you review their criteria at the Graduate School’s How to Apply webpage, under the Transcripts, Translations, and Evaluations section, https://grad.georgetown.edu/admissions/application-procedures/
- Supplemental Application Materials: CV/Resume
- For more information on application procedures please visit: https://gradapply.georgetown.edu/apply
The Department of Economics strongly encourages our international applicants to use the World Education Services Credential Evaluation (WES), especially if your transcripts are in another language.
Are there prerequisites? What are the recommended math courses?
An undergraduate degree in economics is not a requirement for admission to the Program. However, substantial coursework in economics is one factor that tends to strengthen an application for admission. Also, economics is a highly quantitative discipline. For that reason, substantial coursework in mathematics, probability and statistics, and other quantitative subjects also can strengthen an application. Courses in linear algebra and mathematical statistics are highly recommended but not required. At least two courses in calculus, a course in intermediate microeconomics, and a course in intermediate macroeconomics are specifically required for admission to the Program. If these four courses do not already appear on your transcript, please indicate on the Economics Supplemental Information form your plans to complete these courses before matriculation.
Do you have a minimum GRE score for admission?
Neither the Economics Department nor the Graduate School specify minimum GRE scores for admission to the MA-APEC Program.
Do you have a minimum TOEFL or IELTS score for admission?
Foreign applicants must provide proof of English Language Proficiency to be eligible for admission. This proof may be provided in several ways specified by the Graduate School, including a TOEFL score or an IELTS score. The Department requires a TOEFL score of at least 100 or an IELTS score of at least 7.0.
Do you have a minimum GPA for admission?
The Graduate School requires a minimum grade point average of 3.0 (on a 4.0 scale) for admission.
Do Program graduates receive special preference if they apply to the Economics Department’s Ph.D. Program?
The Ph.D. in Economics program has an open recruitment framework, looking for the best applicants based on the available information. A good performance in the MA-APEC Program would be considered a good signal of aptitude for the PhD program.
Can Program students take additional classes in other departments at Georgetown University?
Program students may be able to enroll for a small number of course credits in other departments with the permission of the Director of the Program and the permission of the other department.
What is the application deadline for the Fall 2023 semester?
The priority application deadline for admission for the Fall 2023 semester is January 15, 2023. Applications received by April 1, 2023, will be considered on a space-available basis.
What is the acceptance rate?
The Graduate School does not publish data on acceptance to Graduate School programs.
What is the cost of the Program?
Students must successfully complete 30 course credits in the Program in order to graduate. In the 2022-23 academic year, tuition is $2,358 per credit hour. Accordingly, tuition costs amount to $70,740 for the 2022-23 academic year. Additional information is available at http://finaid.georgetown.edu/cost-of-attendance/graduate/.
Is financial aid available for participants in the Program?
The University does not offer fellowships, teaching assistantships, or research assistantships to students in the MA-APEC program. Information about financing graduate programs at Georgetown University is available at https://finaid.georgetown.edu/graduate/aid-for-grad/ (new window).
Do you have an internship program?
The Applied Economics Program does not have an internship program, and course credit is not granted for participation in internships.
What is your transfer credit policy?
The policy of the Masters Degree Program in Applied Economics is to not permit the transfer of course credits from another academic institution. All credits toward the Applied Economics Masters Degree must be earned through courses offered in the Program.
Additional information on academic aspects of graduate student life at Georgetown University is available at http://grad.georgetown.edu/academics/.
Policies of the Georgetown University Graduate School can be found at http://grad.georgetown.edu/academics/policies/.