Master of Science in Applied Economics

The Master of Science in Applied Economics program at Lehigh University stands as a premier choice for individuals seeking a profound understanding of economic principles and their application to real-world issues. This program is meticulously designed to equip students with the analytical frameworks and quantitative skills necessary to navigate the complexities of today’s economic landscape. With a duration of 12 months, the program not only provides a rigorous academic foundation but also emphasizes hands-on experience through various research projects and practical applications of economic theories.

The curriculum of the Master of Science in Applied Economics is comprehensive and well-rounded, featuring mandatory and elective courses that cover a wide array of topics. Core courses include Microeconomic Theory, Macroeconomic Theory, and Econometrics, which are essential for understanding both individual and aggregate economic behavior. Students will also have the opportunity to explore specialized courses like Behavioral Economics, Environmental Economics, and Labor Economics. These courses are designed to cater to various interests and career aspirations, preparing graduates for a multitude of roles in diverse sectors.

One of the standout features of Lehigh University’s program is its esteemed faculty, who are experts in the field of economics and renowned for their research contributions. Faculty members employ a teaching methodology that combines traditional lectures with innovative pedagogical techniques, encouraging active participation and critical thinking among students. This approach not only fosters a stimulating learning environment but also allows students to develop their research capabilities. Faculty members often involve students in their research projects, providing invaluable mentorship and guidance.

In addition to classroom learning, the program provides extensive research opportunities through partnerships with various economic institutions and think tanks. Students can access state-of-the-art resources, including high-end laboratories and economic databases, to facilitate their research endeavors. These opportunities prepare students not only to engage in scholarly research but also to contribute to impactful economic analyses that can influence policy decisions and business strategies.

Moreover, Lehigh University boasts robust industry connections, which play a vital role in enhancing the employability of graduates. The program includes an internship component, where students gain practical experience in leading organizations across sectors such as finance, government, and academia. This real-world exposure is invaluable and significantly enhances the students’ resumes, allowing them to transition smoothly from academic settings to professional environments.

Graduates of the Master of Science in Applied Economics program find themselves positioned for a wide array of career pathways. Alumni have successfully secured roles as Economists, Statisticians, Market Analysts, and even Data Scientists. The program’s focus on both qualitative and quantitative analysis equips graduates with the skills needed to thrive in various roles that require strong analytical capabilities. With an average base salary of $80,000, the economic return on investment for graduates is notably high, reflecting the program's effectiveness in preparing students for lucrative careers.

Alumni success stories highlight the program's impact, with numerous former students praising the quality of education, faculty support, and the network opportunities available through the university. Many alumni have gone on to hold leadership positions in reputable organizations, contributing to economic research, policy-making, and business strategy development.

Why Study Applied Economics at Lehigh University

• A dynamic and diverse student community, fostering global perspectives and collaborations.
• Access to renowned faculty who are not only educators but also leading researchers in their fields.
• High-tech labs and resources that enhance research capabilities and facilitate innovative projects.
• Comprehensive internship programs that connect students with industry leaders and enhance employability.
• A rigorous curriculum that blends theoretical knowledge with practical application, preparing students for real-world challenges.
• Exceptional career support and networking opportunities through the university's extensive alumni network.

To ensure a successful application to the Master of Science in Applied Economics program, prospective students are required to meet certain admission criteria. Candidates must provide a complete academic transcript, a resume highlighting their educational and professional experience, and an academic letter of recommendation. Additionally, non-native English speakers are required to submit scores from recognized language proficiency tests such as the TOEFL or IELTS, with minimum scores of 94 and 7.0, respectively. The application process is designed to identify candidates who demonstrate strong analytical abilities and a genuine interest in the field of economics.

Overall, the Master of Science in Applied Economics at Lehigh University offers an enriching educational experience that combines academic rigor with practical insights. With a focus on developing the next generation of economic leaders, this program prepares students to make meaningful contributions to their chosen fields while ensuring they are equipped with the skills and knowledge necessary for success in a competitive global economy.