A degree in applied economics and management requires extensive statistical analysis.
A degree in applied economics and management teaches the principles of business management combined with economic theory and analysis applied to specific areas, such as industry, the environment, agriculture and health. Students pursuing such a degree can expect extensive coursework in business, economics and quantitative research methods. Many degree programs also enable students to concentrate their studies in an area of specialization.
Core Economics and Management Requirements
A program in applied economics and management, such as the one at Cornell University in Ithaca, New York, requires students to complete a series of core courses in business and economics. These include introductory courses in management, accounting, finance and marketing. In addition, students must complete introductory and intermediate courses in microeconomics and macroeconomics. Microeconomics studies the actions of individuals and firms. Macroeconomics examines the economy as a whole, exploring such issues as gross domestic product, unemployment, inflation and public policies aimed at improving overall economic performance.
Quantitative Analysis Requirements
Students majoring in applied economics and management must be able to analyze extensive data sets, using various mathematical and statistical methods. Cornell requires students in the applied economics and management program to complete courses in statistics, calculus, business statistics, econometrics, strategic thinking and computer techniques for business and economics.
Specialization Requirements
The ability to customize coursework to meet your academic and professional interests is one of the benefits of a degree in applied economics and management. Some programs, such as the one at the University of Georgia, emphasize applied economics in a specific issue, such as environmental or agricultural economics. Others, such as Cornell, offer a variety of specialization options. The Cornell program enables students to choose from specializations such as accounting, international trade, food industry management, agribusiness, and environmental and resource economics.
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