The MA in Applied Economics (MA-APEC) program begins by introducing students to the tools of microeconomics and macroeconomics. A key objective of the program is to provide the students with a solid foundation in these theories; however, the ability to follow and develop economic arguments, and supplement existing evidence with additional research, requires the capacity to understand empirical analyses. Accordingly, the students also study econometric techniques and data analysis. These courses provide the students with the ability to comprehend the empirical analyses pertinent to the discussion of economic issues and equip them with the skills to undertake original research projects and data analysis. The four core courses may also be prerequisites for the subsequent elective courses.
After completing the core courses, the participants in the program focus on applications of the key tools of economic analysis to a range of contemporary economic problems. These applications are the main subject of a broad range of elective courses. By choosing an appropriate sequence of elective courses, students are able to concentrate their studies in particular areas of interest, for example, computational economics, data science, econometrics, financial economics, or industrial organization.
The elective courses offered in the program, both the quantitative and the applied, are very rigorous. They typically entail the use of relatively advanced textbooks and readings of articles published in professional journals. They generally cover both theoretical and empirical research and analysis, both classic articles and work that is closer to modern frontiers. In many courses, considerable emphasis is given to work currently being conducted by practicing professionals in the respective fields. Students are often required to conduct empirical work as a component of their graded course assignments. They typically write papers and give presentations in addition to exams and fulfilling assigned homework.
A distinguishing feature of the program is the involvement of Georgetown senior faculty in the teaching of the core courses. Our faculty includes leading scholars in microeconomics, macroeconomics, and econometrics, and thus students in the MA-APEC program are taught the fundamentals of economic analysis from leading experts. Moreover, the program is able to draw on the large community of economists in the Washington, DC area to act as instructors of the specialized classes. The unique combination of academics and practitioners who participate as instructors in the MA-APEC program at Georgetown University provides a high intellectual return for the students.
I was really fortunate to be part of the MA-APEC program where I met so many young professionals and respected scholars from across the country. Academically, this program provided me with solid analytical skills and knowledge. It has been very helpful for my career.Wenbang Zhu, class of 2017