Masters of Science In Applied Economics
The goal of the MS in Applied Economics program at
the University of North Dakota is to provide students
the quantitative and applied skills required to succeed
as an economist involved in economic development,
strategic planning, consulting, and applied research in
a broad array of institutional settings. These goals are
achieved through a program where coursework,
experiential learning, and independent research develop a strong foundation to understand and
apply economic theory, collect and analyze data, and communicate technical material effectively to
AACSB Accredited Student Profiles*
Online or On Campus
GMAT score 550 49th Percentile
Curriculum 2 GRE Verbal 62nd Percentile
GRE Math 69th Percentile
Admission Requirements 3
*Median of admitted students
The Faculty 4
MSAE Alumnus Aboubacar Conde is originally from Guinea in
West Africa. Prior to attending UND, he earned Bachelors’
Degrees in international business and economics at Minot State
in 2008. His MSAE independent study, under the direction of
Prof. Goenner, examined the relationship between economic
inequality and the exploitation of natural resources among
states in the US. Bou is currently a research and development
officer for St. Amant, a large non‐profit in Winnipeg, MB.
MS in Applied Economics
CURRICULUM Course Schedule
The curriculum in the MSAE program provides a strong foundation in eco‐ FIRST YEAR
nomic theory and statistical methods, but the focus is on students gaining ap‐ Fall Semester Spring Semester
plied skills, unlike most PhD programs that focus on theory and mathematics. Econ 410 Econ 411
Econ 416 Econ 505
MSAE Required Courses Econ 504 Elective 2
Econ 410 Empirical Methods in Economics I ‐ Econometrics Elective 1
Econ 411 Empirical Methods in Economics II – Forecasting,
Econ 416 Mathematics for Economists SECOND YEAR
Econ 504 Advanced Price Theory ‐ Microeconomics
Econ 505 Advanced Macroeconomic Theory
Econ 524 Applied Economic Analysis I
Econ 534 Applied Economic Analysis II
Thesis or Independent Study & Internship
Econ 410, 411 provide the basic training in econometrics. Econ 416 reviews the mathematical techniques that are the ba‐
sis for graduate work in economics. Students with exceptional skills may be exempted from one or more of these courses
and instead take alternative courses.
Econ 504, 505 are the core courses in microeconomic and macroeconomic theory. Upon completion of these courses, stu‐
dents should have decided on the research topic for their independent study/thesis.
Econ 524 is a course designed to tie economic theory with applied economic analysis. Topics may vary by year. Econ 534
serves as the capstone experience of the program, combining economic theory, econometric theory, and use of STATA.
Two elective courses are chosen from: Public Finance, International Economics, Labor Economics, International Money
and Finance, Applied Public Policy, Financial Econometrics, Demography, & Economic Development.
On Line or On Campus Classes Thesis versus Independent Study
MSAE classes are broadcast live over the internet via Both are student directed research projects advised by fac‐
adobe connect. Adobe connect allows students to inter‐ ulty.
act with class.
The thesis is subject to more formatting guidelines and
Students unable to join live are able to watch the recorded timelines imposed by the Graduate School.
lectures when convenient.
There is really no discernable difference in their difficulty.
Students are still expected to keep up with the class.
We recommend students complete a thesis if they have
On some occasions students may need to participate live, work experience.
e.g. give a presentation to class. In these cases faculty
work with students to avoid difficulties.
MS in Applied Economics
MSAE ADMISSION REQUIREMENTS
1. A four‐year bachelor’s degree from a recognized college or university.
2. Eighteen credit hours of undergraduate work in economics, mathematics or statistics. Applicants are expected
to be knowledgeable in intermediate macroeconomics, intermediate microeconomics, applied calculus or calcu‐
lus, and introductory statistics as determined by the MSAE Program Director. Applicants may be eligible for ad‐
mission in “Qualified” status with nine credits of requisite undergraduate work provided that they meet all
other stated admission criteria In such cases, the student must satisfy all conditions in her/his admission letter
in order to advance to “Approved” status. Failure to address the conditions of admission as state in the admis‐
sion letter will be viewed as unsatisfactory progress and could result in dismissal from The Graduate School.
3. An overall undergraduate grade point average of 2.75 or greater for all undergraduate work or a GPA of at least
3.0 for the junior and senior years of undergraduate work (based on A = 4.0)
4. Official scores from the Graduate Record Examination (GRE) General Test or Graduate Management Admission
Test (GMAT). At the discretion of the MSAE Program Director, test scores may be waived for students holding a
5. A minimum TOEFL Score of 550 on the paper‐based test or 213 on the computer‐based test, or for the Internet
based TOEFL, a composite score of 79, with minimum scores of 21/30 (Speaking*); 19/30 (Listening); 19/30
(Reading); and 17/30 (Writing) for applicants whose native language is not English. Applicants may also meet
language requirements by presenting IETLS scores of 6.5.
*Applicants being considered for Graduate Teaching Assistantships must achieve these minimum TOEFL scores,
but have a minimum score of 26/30 on the Speaking subtest.
6. Econ 410 and 411 are the two courses that students in the combined program are permitted to count toward
both a UND bachelor’s degree and the MSAE degree, but only if these courses are declared for graduate credit.
All other courses taken for credit in the combined program must satisfy only bachelor’s program requirements,
or only MSAE program requirements.
Pre‐requisite Course Requirements Transfer Credit
It is important MSAE students have at minimum com‐ Transfer credit is subject to a number of stipulations. (See the
pleted: Academic Catalog). Five of the many stipulations are :
Principles of Micro and Macro Economics
Up to 8 credits can be counted towards 32 credit MSAE de‐
Intermediate Macro and Micro Economics
Applied Calculus or Calculus I Credits must have counted for graduate credit.
Must be less than 7 years old at time of awarding of UND
Students may be admitted to the program under
“Qualified” status without up to 3 of these classes.
Grade in course must be a B or better.
You will be required to complete these courses/ Credits must not have been used to earn a master’s degree
equivalents within one year of admission. elsewhere
MS in Applied Economics
THE FACULTY THE DEPARTMENT
Fathollah Bagheri, Professor Housed in Gamble Hall, the economics department is
Ph.D. University of Pennsylvania part of the College of Business and Public Administration
Field: International Economics
(CoBPA). The CoBPA is accredited by AACSB Interna‐
Daniel Biederman, Professor tional. The department has its own computer lab and is
Ph.D. University of Kansas home to the Bureau of Business and Economic Research
Field: Macroeconomic Theory
(BBER), where you can gain valuable applied research
Peri da Silva, Associate Professor experience.
Ph.D. University of Illinois
Field: International Economics Our faculty are committed to quality research and teach‐
ing. Students are given individual attention, and profes‐
David Flynn, Associate Professor & Department Chair
sors are accessible.
Ph.D. Indiana University
Field: Economic History
Cullen Goenner, Associate Professor & Graduate Director
Ari Kang joined the faculty in 2010. She is an economist
Ph.D. University of Wisconsin
Field: Macroeconomics whose focus is on labor and family issues. Her research is
based on modeling choices of labor supply, parental in‐
Ari Kang, Assistant Professor
vestment in children and marital dissolution. In particu‐
Ph.D. Carnegie Mellon University
Field: Labor Economics lar, her work tries to disentangle the effects of these
choices on children. She has presented at several confer‐
Patrick O'Neill, Professor
ences including the Econometric Society World Congress
Ph.D. Boston College
Field: Microeconomics and IZA.
Pradosh Simlai, Assistant Professor Harry Tsang joined the faculty in 2009. His research in‐
Ph.D. University of Illinois terests include empirical and applied tax issues. His cur‐
Field: Econometrics rent research focuses on how taxation policy influences
consumer behavior with applications to both household
Harry Tsang, Assistant Professor
Ph.D. University of Illinois demand for energy and household demand for junk, or
Field: Public Economics fatty, foods. He has presented his work at the annual
meetings for both the National Tax Association and the
Xiao Wang, Assistant Professor
Ph.D. University of Wisconsin International Institute of Public Finance.
Field: International Economics
MS in Applied Economics
A limited number (3‐4) of TA positions are available for
well qualified on‐campus students.
Tuition waivers are also available to on‐campus students.
State law prevents us from offering tuition waivers or TA
positions to online students.
NOTE: WE ARE UNABLE TO FULLY FUND INTERNATIONAL
Assistantships are sometimes also available from other
departments/units on campus.
Available by creating a “My Gradspace account” at TUITION AND FEES
http://graduateschool.und.edu/my‐gradspace.cfm On‐line Classes.
Students pay tuition at resident rates regardless of their
Materials to submit: location.
1. The online application
2. Official academic transcripts from all schools attended Current on‐line tuition and fees are found here:
3. Official test scores from GRE or GMAT* distance.und.edu/degree/about/?id=msappliedecon&page=1297
4. 3 letters of recommendation.
Professional letters of reference are acceptable. On‐Campus Classes
Tuition rates are determined by residency status.
*The Graduate Director may waive this requirement if the
applicant has a graduate degree from an accredited school Current on‐campus tuition and fees are found here:
and cumulative GPA of at least 3.25. und.edu/finance‐operations/student‐account‐services/tuition‐rates.cfm
Fall Admission: August 1
Spring Admission: December 1 Direct Further Inquiries to:
Summer Admission May 1
Director of Graduate Studies
Department of Economics
University of North Dakota
293 Centennial Drive Stop 8369
Grand Forks, ND 58202‐8369