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In the Department of Economics at the University at Buffalo, the basic objective of our focus on applied economics is to train students to apply economic analysis in several fields at the boundary of economics and other specialties. We develop professionals who understand the work that economists do and, more important, who have the ability to apply economic analysis to a broad range of problems in their future careers.

Our master’s degree program achieves an ideal blend of theoretical analysis and real-world applications. The “applied” nature of our program aims to fill a niche; unlike a degree in business administration, we rely on fundamental economic analysis to explain capital goods and markets, the impact of government policies, and efficient business operations. As a result, not only will students be able to understand what is happening in business, macro, and international economy, they will also know why.

The MA Economics degree teaches practical applications of theoretical economics and quantitative methods which commands a high premium in many industries, including banking, finance, health care, international trade, advocacy groups, and government. It is one of the only programs in the nation to involve specialists in professional schools of law, medicine, management, and education, as well as those in the departments of mathematics and geography. The resulting Advanced Certificates expands economics-specific knowledge in Financial,  International,  Information and Internet,  Law and Regulation,  Health, and Urban and Regional subjects

The MS Economics degree is intended for students who: desire more rigorous Masters level education and training in economics, with the aim of pursuing a career in analytical, financial, or international economics. There are two tracks a student can select from: Financial and International. We also have the new STEM eligible MS Econometric & Quantitative Economics degree. The Econometric & Quantitative Economics program is tailored to the provide the skills required of a quantitative economist seeking employment in the private profit and non-profit sectors as well as in the government and NGO sectors, as it focuses on providing advanced knowledge and proper utilization of mathematical and quantitative skills required of Economists in practical applications. This emphasizes the acquisition of applied econometric skills that can then be used to perform business research that employers increasingly demand. The M.S. program provides the most advanced training possible in economics short of obtaining the PhD degree.

Potential careers can include economic consulting, teaching at the collegiate level, performing research at a government agency or think tank; or preparing to enter into a Ph.D. program in economics or related business field.

The M.S. Program appeals to students who are interested in quantitative research. The M.A. allows you to apply the research of others. The M.S. teaches you how to do the research yourself. Still not sure which one to choose? Read this.

Students in our program proudly represent 5 continents and over 35 countries. These diverse experiences enriches and broadens the learning environment.