There was a considerable increase in the number of students that were conferred master’s degrees in economics in North Dakota at the end of the 2010-2011 school year as compared to the 2009-2010 school year.
In addition to the very popular business-centered MBA programs that offer a concentration in managerial economics, according to the North Dakota University system, some of the most common grad degrees awarded to economics students in the state included specialized degrees in:
- Applied Economics
- Development Economics & International Development
- Agribusiness\Applied Economics
Opportunities for Economics Graduate Students in North Dakota
While the U.S. Economy plows through recession, North Dakota retains the lowest unemployment rate in the nation. Fargo, North Dakota’s largest city, reportedly expanded its economy by 15% from 2001 to 2011, thanks in large part to the economic policies developed by the state’s public sector economists.
North Dakota’s banking industry is small, but the Bank of North Dakota has been instrumental in the state’s economic success by making credit available to finance small operation oil and gas exploration in the state. North Dakota’s rich oil industry has set the stage for an incredible industrial boom, one that contrasts wildly with the rest of the nation’s financial woes, but which has been long anticipated by private sector business economists working in the state’s oil industry.
North Dakota’s agricultural roots still shine and form the backbone of one of the primary economic drivers in the state. In fact, the 2007 Census of Agriculture reports that over 90% of North Dakota’s land is still used for farming.