Course of Study

To complete the Applied Economics Program, students are required to successfully complete 10 courses (30 credits) offered in the program.

The program begins with a mandatory, intensive, two-week course on calculus, linear algebra, probability and statistics (our “math camp”) conducted in August, shortly before the formal program begins in the fall semester. The objective of the math camp is to review the basic techniques used in economics and econometrics. No credits are granted for this course.

Full-time students take four required core courses – microeconomics, macroeconomics, econometrics, and data analysis – in the fall semester. These core courses are prerequisites for subsequent elective courses in areas of applied economics where the fundamental skills acquired in the core courses are employed. The elective courses represent areas of application in applied economics covering a large range of topics.

Students complete the minimum of 30 course credits by taking the four required courses and six elective courses. The four core courses are taught each fall, and the elective courses are taught in the spring and summer terms.

A full-time student should be able to complete the 30 course credits in one year. By taking the appropriate core courses in consecutive fall semesters, a part-time student should be able to finish in two years. Both approaches involve taking courses in the summer sessions.

The fall semester at Georgetown University generally runs from late August to mid-December. The spring semester begins in early January and ends in early May. The summer term for the Applied Economics Program starts in mid-May and ends in mid-August.

In addition to the four required core courses, students take six elective courses in their spring and summer semesters. The following electives are typically offered:  

  • Microeconometrics  
  • Macroeconometrics 
  • Industrial Organization
  • Empirical Industrial Organization
  • Decision and Game theory
  • Public Economics 
  • International Trade 
  • Health Economics 
  • Energy Economics and Policy 
  • Development Economics 
  • Labor Economics 
  • Environmental Economics 
  • Monetary Theory and Policy 
  • International Finance
  • Open Economy Macroeconomics 
  • Financial Economics
  • Law and Economics 
  • Behavioral Economics and Finance
  • Business and Public Sector Forecasting
  • Program Evaluation

The core courses are generally taught by full-time faculty members in the Department of Economics. Elective courses are typically taught by economists with academic expertise and professional experience in the relevant fields.

Typically, full-time students take the four core courses in the fall semester, three elective courses in the spring semester and three courses in the summer semester, although some students take four elective courses in the spring semester and two in the summer semester. Part-time students have a variety of options, but typically take two core courses (microeconomics and macroeconomics are recommended) in their first fall semester, two elective courses in the first spring semester, one or two elective courses in the summer semester, the two remaining core courses in their second fall semester, and the rest of their elective courses in the second spring and summer semesters.

Classes meet for two and a half hours each week during evenings, late afternoons or weekends, to meet the needs of part-time and full-time students. 

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