Policy Economics
The Master of Science in Policy Economics is a one year full time program designed for students who want to develop expertise in economic policy analysis, quantitative methods, and applied economic research. The curriculum combines theoretical foundations with practical applications, enabling learners to evaluate economic trends, assess policy impacts, and provide data driven recommendations for public and private sectors. Students gain expertise in microeconomics, macroeconomics, policy evaluation, and econometric analysis, equipping them to design, implement, and assess economic policies effectively. The program emphasizes analytical rigor and applied problem solving, preparing graduates for careers that require both quantitative skills and policy insight.
The program encourages interdisciplinary learning by integrating economics with political science, public policy, and data analytics. Students participate in applied research projects, case studies, policy simulations, and collaborative workshops guided by experienced faculty. Access to economic databases, research tools, and professional networks enhances both practical skills and theoretical understanding. By the end of the program, graduates develop competencies in economic modeling, policy analysis, quantitative research, and strategic decision making, positioning them for roles in government, research institutions, and consulting.
Key information
Key Facts
- Program Title: Policy Economics
- Degree Type: Master of Science
- Duration: 1 year
- Mode of Study: Full-time, On Campus
- Application Deadline: 01 April 2026
- Location: University of Illinois Urbana-Champaign, United States
- Field of Study: Economics
- Language of Instruction: English
Program Structure
Semester 1 - Foundations in Policy Economics
• Microeconomic Theory and Applications
• Macroeconomic Analysis and Policy
• Quantitative Methods and Econometrics
• Research Methods in Economics
Semester 2 - Advanced Applications in Policy Economics
• Applied Policy Evaluation and Analysis
• Economic Development and Public Policy
• Data Driven Economic Modeling
• Independent Research Project or Professional Portfolio
Career Opportunities
Graduates of this program are prepared for professional roles in government agencies, research institutions, consulting firms, and international organizations. Many work as economic analysts, policy advisors, research consultants, and data analysts, evaluating policies, conducting research, and advising decision makers. Additional opportunities exist in public administration, financial institutions, and think tanks. The program’s emphasis on applied economic analysis, quantitative methods, and policy expertise equips graduates to contribute effectively to economic policy development and strategic decision making.
Why Choose This Program
Students choose this program because it integrates economic analysis skills, policy evaluation expertise, quantitative research capabilities, and applied problem solving, providing a strong foundation for careers in policy and economic research. The curriculum emphasizes real world applications, data driven analysis, and interdisciplinary learning while fostering critical thinking and strategic insight. With guidance from experienced faculty, access to economic tools, and opportunities for applied research projects, students strengthen both technical competence and professional judgment. This program is particularly appealing to individuals who aim to influence economic policy, conduct applied research, design effective interventions, and contribute to evidence based decision making in public and private sectors.
Contact Information
For further information, please contact the graduate admissions office at:
Phone: 217-333-0035
Email: grad@illinois.edu
Address: The Graduate College, 507 East Green Street, Suite 101, MC-434, Champaign, IL 61820, United States
