Pennsylvania is home to six campus universities that offer a master’s degree program in economics. These programs may be offered as independent master’s programs or integrated with a doctoral track program. In addition to these schools, there are a number of national educational institutions that offer classroom instruction at their in-state campuses. Many of these programs also offer analogous instruction through online channels.
A high-quality, accredited online program proves to be a better fit for many candidates. Pursuing an online master’s degree in economics offers more variety and flexibility. Students who are interested in emphasizing management and business, and not necessarily a research-based program, can complete their advanced studies in this flexible environment. Online programs allow students to minimize the disruption in their life, take care of family or other professional obligations, and continue to work.
The abundance of master’s in economics programs available online and through Pennsylvania’s campus-based schools include specialized MBA programs with a concentration in business and managerial economics. For professionals seeking a management position in the business field rather than academia, an MBA is often more beneficial.
A typical master’s in economics would offer courses in:
- Microeconomic analysis
- Mathematics for economists
- Economic growth
- Financial markets and investments
- International trade
- Macroeconomic policy
Many master’s programs may require students to produce independent research as well as a thesis or presentation.
Opportunities for Pennsylvania’s Economics Graduate Students
According to Forbes, one of the best degrees for the job market in Pennsylvania is a master’s (MA or MS) in economics. The projected mid-career pay is $115,000 and the demand for professionals with this degree is expected to increase by 14.3%. Many of these jobs can be found in government, large corporations, and post-secondary educational institutions.
Pennsylvania has been a leader of tapping into oil and natural gas safely and responsibly. The application of horizontal drilling has caused a serious boost in the state’s economy according to Oil & Gas Journal. The use of this technology has the ability to create jobs and lower unemployment. Policymakers are in talks about law and regulation changes to this resource, but it’s rumored that drilling will be limited to struggling Pennsylvania counties along the New York border in an effort to focus the economic boost where it’s most needed.
SF Gate reports attractive figures for the Federal Reserve Bank of Philadelphia in September, 2012. The general economic index improved to minus 1.9 from 7.1 in August 2012, which is better than forecasted.