Program Overview

The 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 microeconomic and macroeconomic theory. But the ability to follow and develop economic arguments, and to supplement existing evidence with additional research, also 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.

After completion of these core courses, the participants in the program study the application of these tools of economic study to a range of contemporary economic problems. This material is covered in a range of elective courses focusing on more specialized areas of economics.

While part of our program focuses on the fundamental aspects of economics, the Masters Degree Program in Applied Economics is also attractive to those with undergraduate degrees in economics. First,the professors teaching the required courses in micro and macro economics supplement their course readings with more advanced material to accommodate students with a background in economics, exposing these students to material that they were not likely to have covered in their undergraduate courses. Second, the range of elective courses offered is such that students are able to avoid repeating courses they took as undergraduates. Moreover, these elective courses are typically taught by practitioners who have a different focus than that typically encountered in undergraduate programs.

As the leading academic institution in Washington, D.C., Georgetown University is uniquely able to provide this training with the appropriate input from academics and practitioners actively involved in these debates. A distinguishing feature of our program is the involvement of Georgetown senior faculty in the teaching of the core courses. Our faculty includes leading scholars in macroeconomics, microeconomics, and econometrics, and thus students in the Applied Economics 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, D.C. area to act as instructors of the specialized classes. The unique combination of academics and practitioners who participate as instructors in the Applied Economics program at Georgetown University provides a high intellectual return for the students.

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