A Master’s in Economics covers topics, like micro- and macroeconomics, as well as job growth, international trade and taxes. These people in the field work in pretty much every sector of business, as well as in the nonprofit world. Once trained in their chosen fields, these economists work as consultants, in management, as professors and a host of other related jobs. However, many of these jobs require job applicants to hold a Master’s in Economics. If these professionals are already working at a job and don’t have the time to go to school full-time, they may go looking for an online master’s degree in the subject.
Online Economics Degrees
The short answer is, yes, it is possible to earn a master’s degree in economics online. Schools like American University, Northwestern, Regent University, University of Southern Mississippi and Xavier University, to name but a few, have programs that allow students to earn a Master’s in Economics online. According to US News and World Report, these programs require about two years to complete. Students in a master’s degree in economics must earn between 30 and 36 graduate credits in economics to earn their degrees.
Would-be graduate students in these programs should research them carefully to find the program that provides the best match for the students’ goals. Economics is a broad subject, which allows for specializations in subjects, like behavioral economics, economic development and commerce, financial economics, agricultural economics and entrepreneurship.
Additionally, some online programs offer their student’s graduate-level certificates in economics. While these programs don’t lead to a Master’s in Economics, they do allow a graduate student to study one subject – sustainability, for example – for their master’s degree and then to go on and earn a certificate in a subject, like economics, that would complement their graduate degree goals.
What Students Learn
A master’s program in economics covers many relevant subjects. These include coursework in:
- Micro- and macroeconomics
- Financial market forecasting and analysis
- Economic growth and modeling
- Economic indicators, like job growth and unemployment
- Related subject coursework in a specialization, like courses in agriculture, sustainability and other pertinent topics.
The cost of these degrees will vary, depending on a number of factors, though it’s not unusual to see graduate students in these programs paying between $800 and $1,500 or so per credit. However, the income that an economist can earn can outweigh the cost of the degree. According to the Bureau of Labor and Statistics (BLS), the average salary of an economist is $104,340.
From 2018 until 2028, the demand for economists is expected to grow by eight percent. Would-be economists who hold advanced degrees, like a Ph.D. or a Master’s in Economics, have the best chances of landing the available jobs.
Related Resource: 10 Best Deals on Online Master’s in Economics
Online education has opened up many possibilities for students who want to earn advanced degrees, like a Master’s in Economics. These programs allow their students to study and learn at a time that’s convenient for them. They teach the same materials that traditional programs do. However, they utilize tools like online classrooms, social media, email and other digital tools in order to deliver the course content.
Once these students graduate, they can move into the field, providing support and analysis in institutions, like government programs, universities or corporations. Job outlook is good, and it becomes even better for those who hold a Master’s in Economics.