Two AACSB accredited Universities confer master’s degrees in economics within the state of Oklahoma. Though the state historically rests its local economy on industrial oil, Oklahoma’s place in the larger American economy is unique and promising. To the student pursuing a master’s degree in economics, Oklahoma stands at the forefront of America’s quickly changing economic needs, especially in the energy industry.
Graduate Students and The Economics of Energy in Oklahoma
Oklahoma’s the state’s nearly half million Native American residents contribute over $10 billion yearly to the state’s $140+ billion economy. Economics students with a focus on cultural impact studies may find Oklahoma fascinating.
While the oil industry in Oklahoma experienced a gradual collapse from the late 1980s to early 1990s, according to the paper “Oklahoma Oil: Past, Present, and Future” by Dan T. Boyd of the Oklahoma Geological Survey, the state remains a strong oil producer. However, other energy sources harvested in the state have become much more prominent.
Natural gas has become one of the most profitable industries in the state. As natural gas is a promising source of auto fuel, according to the U.S. Department of Energy, economists in Oklahoma might be at the forefront of a dynamic change in the way Americans fuel their vehicles.