Faculty: Graduate School of Social Sciences

The Applied Economics major focuses on the practical application of economic theories and principles to address real-world problems. Students develop skills in economic analysis, data interpretation, policy evaluation, and decision-making. Graduates are prepared for careers in government, business consulting, and research organizations.

Learning Objectives:

Understand the basics of economics and its applications.
Develop skills in economic analysis, data interpretation, and policy evaluation.
Learn techniques for applying economic principles to business decisions and policies.
Explore microeconomics, macroeconomics, econometrics, and public policy principles.
Analyze and interpret economic data and trends.
Develop critical thinking, problem-solving, and analytical skills for effective economic practice.

Main Curriculum:

Introduction to Economics
- An overview of key concepts and principles in economics.
- The basics of microeconomics, macroeconomics, and economic theory.
Microeconomics
- Principles of microeconomics, including consumer theory, production, and market structures.
- Techniques for analyzing the behavior of individuals and firms in markets.
Macroeconomics
- Principles of macroeconomics, including national income, fiscal policy, and monetary policy.
- Techniques for analyzing macroeconomic behavior and policy impacts.
Econometrics
- Principles of econometrics, including statistical methods, regression analysis, and data interpretation.
- Techniques for conducting economic research and analyzing economic data.
Public Policy and Economics
- Principles of public policy and economics, including policy analysis, cost-benefit analysis, and regulatory economics.
- Techniques for evaluating and designing effective public policies.
Industrial Organization
- Principles of industrial organization, including market structures, competition, and antitrust policy.
- Techniques for analyzing industry behavior and strategic interactions.
International Economics
- Principles of international economics, including trade theory, international finance, and global economic integration.
- Techniques for analyzing international trade, finance, and economic policies.
Practical Training
- Practical experiences in economic environments, including internships in government agencies, consulting firms, or research institutions.
- Application of acquired skills in practical economic scenarios.
Capstone Project in Applied Economics
- A comprehensive project applying skills in economic analysis, policy evaluation, or data interpretation.
- Presentation of a refined economic research project, policy analysis, or data interpretation report.

Assessment Methods:

Economic analysis reports, micro and macroeconomic studies, econometrics projects, public policy evaluations, industrial organization analyses, international economics projects, practical training reports, capstone projects, group projects, and presentations.

Prerequisites:

Basic knowledge in economics, mathematics, and statistics, and an interest in economic analysis and policy.

Duration of the Major:

Typically 4 years to obtain a bachelor's degree, including coursework, internships, and a capstone project. For advanced practice, a master's degree in Applied Economics can be pursued, usually taking an additional one or two years.

Certificate:

Graduates can earn a degree in Applied Economics, pursue higher education, or obtain professional certifications in specialized fields within economics or policy analysis.

Target Audience:

Aspiring economists, policy analysts, business consultants, researchers, and professionals aiming to work in government agencies, consulting firms, research institutions, and commercial organizations. This major equips students with the analytical, problem-solving, and policy-making skills necessary to excel in applied economics, supporting careers in various economic and policy-related roles and industries.

Applied Economics