Master of Economics

Students enrolling in our Masters of Economics programs focus their studies on advanced microeconomic theory, macroeconomic theory, and econometrics, with research strengths in applied economics and quantitative methods.

Our Master’s of Science (MS) in Economics program is well-suited for students who want to prepare for a career where advanced and quantitatively rigorous economics training is required or beneficial but a Ph.D. is not required, or who want to prepare for a Ph.D. program. We emphasize econometric training more than similar programs at other universities. Strong quantitative skills and mastery of microeconomic and macroeconomic theory are becoming common requirements for current economics employment opportunities and Ph.D. programs. UMaine’s teaching and research strengths in economic theory and quantitative methods are well suited to helping students excel at these requirements. In fact, we hear regular feedback from employers on how well-prepared our MS students are for the rigors of quantitative analysis in government and industry. Check out a sample schedule for this program here.

Our Master’s of Arts (MA) in Economics program is well-suited for students who want to prepare for a career in economics where additional advanced econometrics training is not as strong of a requirement and/or students want additional freedom for more electives. Graduates excel in public and private sector positions requiring advanced analytical skills, knowledge of economic systems and methods, and experience conducting economic analyses of policy issues. Many students combine the MA program with an internship with a government agency or private business, which has the potential to lead to a job after graduation. Check out a sample schedule for this program here.

International students: the MS program is considered STEM for the purposes of the 24-month extension of the Optional Practical Training Program, but the MA is not.