Ms in Applied Quantitative Economic Analysis and Policy (MSAQEAP)

This program will launch in Fall 2020

Beginning in the fall of 2020, the Department of Economics-New York City campus will offer the new Masters of Science in Applied Quantitative Economic Analysis and Policy (MSAQEAP). The program will be offered in a flexible online and hybrid learning format, either full- (12 months) or part-time (24 months). The mission of the program is to provide advanced training in applied economics with a special emphasis on data analytics and economic policy analysis. The program is also STEM-designated to enable international students the opportunity to obtain OPT status and work three years in the US. It offers hands-on training in quantitative reasoning tools, problem solving, and policy analysis through a flexible on-line and hybrid delivery. Further, it is the only master’s program in the New York Metropolitan region that combines both public economic policy and quantitative analysis in its curriculum.

The MSAQEAP will prepare you to become an expert in fiscal and monetary policy, enabling you to contribute in a meaningful and rewarding way to policy makers in the environmental, health care, public sector and business management fields.  You will be prepared to meet the growing demand for analytical jobs in diverse settings, such as government agencies, think tanks, multinational organizations, and financial institutions.
 
The US Bureau of Labor Statistics predicts the number of positions for economists to increase by 14% through 2022.  More importantly, their wages have been rapidly growing as increasing demand outpaces supply. To compete for such jobs and for prestigious PhD programs, you will need advanced training in applied economics with a special emphasis on data analytics and economic policy analysis.

We seek students who have undergraduate backgrounds in economics, the social sciences, mathematics, computer science, health care and education. The MSAQEAP fosters analytical and creative thinking that is combined with real-world experience.  These cutting-edge skills are in high demand, which may potentially lead to lucrative careers, and are rewarding on the personal level.  The program’s mission echoes Pace University’s strategic objective of preparing our graduates to become professionals in the field of economics and make positive contributions to the world of the future as economists, business and non-profit leaders, policy and economic educators.

The program builds on the Economics Department’s success in the National Federal Reserve Challenge, a competition that tests undergraduate college students’ knowledge of the US economy, central banking and monetary policy.  The Pace University team has the distinction of winning the nationally-recognized, first-place award four times in the last six years in the national competitions in Washington, DC In addition, we have recently entered the National Fiscal Challenge,  in 2019 placing third in the finals, again in Washington, DC. The new program is a reflection of the Economics Department’s focus on policy, quantitative analysis, and research, affording it unique advantages.

WHY COME TO PACE FOR THE MSAQEAP PROGRAM?

• Ability to earn master of science degree in only one year
• 30-credit curriculum
• Flexible online and hybrid learning 
• A choice of two master’s theses formats: a traditional research project or three public policy essays
• A flexible full-time (12 months) or part-time (24 months) offering
• No GRE/GMAT required
• Hands-on training in quantitative reasoning tools and policy analysis

Practical experiential learning

The MSAQEAP program offers emphasis on the importance of practical experience through the following methods:

• The use of analytical, and research-based learning
• Opportunities for students to work with faculty on research both inside and outside the classroom
• Fostering the need for work experience in the application of quantitative economic analysis and policy in master’s thesis projects and internship experiences
• Opportunities to gain recognition at professional academic conferences and publication in academic economic journals
• A carefully planned and supervised master’s thesis project that allows students to apply the principles and concepts learned in the classroom to real-world problems.

There is increasing demand for specially trained quantitative analysts in business, government, health care, nonprofit sectors and public policy. The quantitative and policy skills mastered in this program set the stage for future opportunities in management.

Contact

Joseph Morreale, PhD
Program Director, MSAQEAP
Distinguished Professor and Chair, Economics NY
jmorreale@pace.edu
Office: (212) 346-1464
Cell: (914) 420-3034

Kevin Schaefer
Staff Associate
kschaefer@pace.edu
(212) 346-1469