What will I learn?

The M.S. in Applied Economics program provides strong foundations in economic theory, quantitative methods, applications, communication skills, and research analysis. Students can focus their studies in general economics, agribusiness, or agricultural and resource economics by carefully selecting supporting and elective courses. Students can earn an M.S. in Applied Economics to specifically prepare for positions in private corporations and government service as management specialists, policy analysts, forecasters or economic consultants. Two options are offered in the degree: thesis and non-thesis. This degree can be completed by well-prepared students in two years or less.

Student Learning Outcomes:

All graduates will be able to:

Graduates will understand economic theory and quantitative methods at an advanced level:

Advanced economic theory and quantitative methods will be well understood for applied economic analysis and empirical research in the field.

Graduates will be rigorously-trained in critical, integrative, and evaluative thinking:

Graduates will be able to rigorously apply economic theory, quantitative methods, and institutional knowledge relating to the economic problem context to conduct relevant analysis that facilitates the ability of consumers, agricultural and nonagricultural firms, and/or policy makers to make economically rational decisions.
Graduates will be capable of rigorous analysis and evaluation of broad economic and social problems concerning the allocation of individual, firm and social resources.

Graduates will have advanced communication skills:

Advanced written and oral communication skills are necessary for efficient and clear dissemination of the knowledge generated from rigorous economic analysis, as well as for success in private and public sector careers in the various subfields of economics.
Graduates will develop advanced communication skills through writing and presenting the content of class assignments and research papers written as requirements in graduate courses, as well as in the writing and oral presentation of a Master’s project or thesis.

Student Opportunities:

A master’s degree in Applied Economics at Washington State University enhances graduates’ employment prospects and their chances to obtain significantly higher salaries than bachelor degree holders. Public and private organizations are increasingly seeking to hire professionals who can understand and apply economic research. Job opportunities include positions in banking, communication, government, insurance, investment, research, and trade, among others.

In addition, the master’s degree in Applied Economics at Washington State University serves as a preparation for pursuing a Ph.D. degree in Economics.

Career Opportunities:

Management Specialists, Policy Analysts, Forecasters, Economic Consultants

Which department am I in?

College of Agricultural, Human, and Natural Resources Sciences

Study options

Full Time (30 hours)

Tuition fees
US$27,066.00 per year

*Price shown is for indicative purposes, please check with institution

Application deadline

10 January 2022

Start date

22 August 2022


Washington State University

370 Lighty Student Services Building,



99164, United States

Entry requirements

For students from United States

No individual prerequisite course with less than a C grade

For international students

Bachelor’s Degree in Economics, Business, Finance, Engineering, or related fields, with a cumulative GPA of 3 or higher (out of a scale of 4);

The minimum TOEFL score is 213 in the computer version (which corresponds to 550 points in paper version, and 80 points in the internet version). If you took the IELTS exam, the minimum IELTS score is 7 points.


Priority deadline:

Fall January 10

*There may be different IELTS requirements depending on your chosen course.


About Washington State University

Since 1890, WSU has been inspiring problem-solvers and encouraging learners to make the world a better place.

  • Student-to-faculty ratio of 15:1
  • 200+ fields of study available from 11 academic colleges
  • Over USD 400 million given in scholarships and financial aid
  • Top 100 Public Schools (U.S. News & World Report 2021)