How much does the degree cost?
Classes meet 14 times per semester for 2 hrs. 45 mins. The MS program requires students to complete 10 courses [or 11, with Math Methods, a full length course, at half tuition]. For fees and cost, please refer to Tuition and Fees page.
What is the greatest strength of the Masters in Applied Economics Program?
The Applied Economics Program develops skill in economic reasoning, and in formulating and estimating economic models through the use of econometrics and other quantitative techniques. The main strength of the program is that it is simultaneously rigorous and application-oriented.
What are career opportunities for graduates of the MS program?
Most of our students are already working full time. These students mainly work in places where there is a demand for a high level of technical skill and analytical rigor. Our students are employed in government agencies [28%] and international organizations [7%], consulting firms [12%] financial institutions [10%] and other private sector, including education and non-profits [30%]. The distribution of our graduates is comparable. Please refer to the following link for career opportunities.
What are the criteria for admission?
Applied Economics Program seeks students with a GPA of 3.0 or higher on a 4.0 scale in undergraduate, or with the same GPA in a graduate degree in an appropriate field. We look for a B or above in Introductory Microeconomics, Macroeconomics, and undergraduate Calculus, or equivalent courses. Intermediate economic theory courses [especially Micro] are helpful and desirable, but are not essential. A higher grade in a more advanced course from this group trumps a lower grade in a less advanced course. Moreover, we are completely aware that some courses and some majors are more difficult than others, and take this into account in admissions decisions. In Academic Year 2011/2012 the mean GPA of admitted students was 3.4, as has been the norm in recent years.
How do I apply for admission?
Apply online. Please go to the following page.
What is the deadline for admission?
Prospective students can apply for all three semesters (Fall, Summer and Spring). The deadline for complete applications is six weeks before the semester begins.
Must applicants take the GRE (the Graduate Record Examination)?
The GRE is not required for admission. We believe that performance in calculus courses reveals more about the quality of the candidate than performance on the GRE, which does not test any calculus.
Must foreign applicants take the TOEFL?
International students whose native language is not English must take the Test of English as a Foreign Language (TOEFL). Submit results directly to the Advanced Academic Programs Enrollment Office. Please use the TOEFL code 8747. Photocopies will not be accepted. AAP requires a minimum score of 600 on the paper test, 250 on the computer-based test and 100 on the Internet-based test. For information, contact the nearest American embassy; write to TOEFL, Toefl Services, P.O. Box 6151, Princeton , NJ 08541 or visit their Web site at toefl.org.
How long does it take to complete the degree?
Students attending part-time can complete the program in about two years, or a little longer. Students attending full-time can complete the program in 3-4 semesters, depending on their preparation. The median completion time of the 2010/11 graduating cohort was 2.3 years, or seven semesters.
What financial aid is available?
Only loans are available, and only to US residents. Please refer to Financial Aid page.
How many students are admitted to the program?
In 2014/15, 200 new students enrolled.
Who are our students?
Most students work full time at government agencies, congressional committees, international lending institutions, trade associations, think tanks and private businesses. Many have just completed their undergraduate studies. Not nearly all were economics majors. Our students are motivated to advance or broaden their careers and, occasionally, change direction. They earned their BA degrees all over America and the world, and are not heavily concentrated in any particular set of colleges. In 2010/11, the average GPA of admitted students was 3.4. The average age of entering students is 28. Forty-two percent are female. Ten percent are international students.
Can students work full time and pursue this degree?
Yes, they can. Students who work full time can take up to two courses per semester. Most of our classes are in the evenings (6 – 8:45 PM) and a few are on Saturdays (10AM – 12:45 PM).
Do we accept transfer students?
Can students enter the program in the spring semester?
Yes, they can. In fact, they can get admitted in any semesters (Fall, Summer and Spring).
Are internships available in the program and can internships count towards the degree?
Can the program be completed fully on-line?
Yes. The curricula in Quantitative Methods, Financial Economics and the Macroeconomy, Environmental Economics, Health Economics, and Spatial Economics can be completed fully on-line. Students are not bound to these curricula; they can mix and match.
Can I take courses elsewhere in the University?
Students have the opportunity to take up to the equivalent of two of their electives at other Johns Hopkins divisions offering master’s level courses, or other AAP programs, provided they meet the prerequisites.
Who are our faculty members?
Virtually all of our faculty hold doctorate degrees in Economics or Statistics, and are accomplished practitioners working in policy positions at the Federal Reserve Board; at federal agencies such as Department of Justice, Department of the Treasury and the Bureau of Labor Statistics; at the International Monetary Fund; at Fannie Mae and Freddie Mac; and at private consulting firms. They use the science of economics to understand real-world issues, including policy problems, in their daily work and they bring their perspectives into the classroom. The remaining very few faculty are exclusively PhD Candidates in the Johns Hopkins University Department of Economics.
Does the Master’s program prepare one for a PhD in Economics?
If you wish to pursue a PhD in economics and you are an economics major with a strong mathematics background, you should apply directly to PhD programs. In case you are an economics major but lack mathematics training, take more mathematics courses. In neither case will our program suit your needs. However, if you have majored in a subject other than economics and your training in mathematics is strong, taking our core courses will help you to prepare for a PhD in economics. You can apply as a non-degree student and complete courses in theory and quantitative methods, say, up to five.
Does the Master’s program prepare one for a PhD in Public Policy?
Since our program is quantitative and application-oriented, it is a good stepping stone for a PhD in Public Policy. Many such programs will give credit for the coursework done in our program.
State-specific Information for Online Programs
Note: Students should be aware of state-specific information for online programs. For more information, please contact an admissions representative.
- Admissions Requirements
- Degree Requirements
- Math at Applied Economics
- Tuition and Fees
- Course Descriptions
- Course Syllabi
- Illustrative Curricula
- Course Schedules
- Career Opportunities
- Links of Interest
- Concentration in Financial Economics