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:

1. Introduction to Economics
   • An overview of key concepts and principles in economics.
   • The basics of microeconomics, macroeconomics, and economic theory.
2. Microeconomics
   • Principles of microeconomics, including consumer theory, production, and market structures.
   • Techniques for analyzing the behavior of individuals and firms in markets.
3. Macroeconomics
   • Principles of macroeconomics, including national income, fiscal policy, and monetary policy.
   • Techniques for analyzing macroeconomic behavior and policy impacts.
4. Econometrics
   • Principles of econometrics, including statistical methods, regression analysis, and data interpretation.
   • Techniques for conducting economic research and analyzing economic data.
5. 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.
6. Industrial Organization
   • Principles of industrial organization, including market structures, competition, and antitrust policy.
   • Techniques for analyzing industry behavior and strategic interactions.
7. International Economics
   • Principles of international economics, including trade theory, international finance, and global economic integration.
   • Techniques for analyzing international trade, finance, and economic policies.
8. 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.
9. 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.

Recommended Textbooks:

• "Applied Economics" by various authors.
• "Microeconomics" by various authors.
• "Macroeconomics" by various authors.
• "Econometrics" by various authors.
• "Public Policy and Economics" by various authors.
• "Industrial Organization" by various authors.
• "International Economics" by various authors.

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.