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MS Program

The MS program at UW-Madison offers two areas of emphasis for students: professional industry and doctoral program preparation. The industry focus allows Econ MS students to take focused courses to gain skills in data analytics and programming that position students for jobs in consulting, finance, and data economics.  The second area prepares students to successfully apply for doctoral programs in economics and related fields such as applied economics, business, finance, public policy, and education.

The MS program allows for a traditional fall semester start as well as a spring semester start for those with previous Master’s level economics coursework.

For both areas, students take a core curriculum of mathematics economics, econometrics, and introductory microeconomics during the first semester.

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Professional Industry Focus

Core courses: Econ 700, 701, 704-705-706

  • Econ 708, lecture 2, applied microeconomics
  • Econ 702, lecture 2, applied macroeconomics

Students can choose elective courses from the following:

  • Economics of Data Analytics
    • Professor Kim Ruhl

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  • Economics of Machine Learning
    • Professors Chris Sullivan and Lorenzo Magnolfi

[course description]

  • Economics of Big Data
    • Professor Matt Friedman

[course description]

  • Financial Economics
    • Professor Charles Engel

[course description]

PhD Focus

Core courses: Econ 700, 701, 704-705-706

Econ 708 – PhD preparatory microeconomics, focus on microeconomics theory

Econ 702 – PhD preparatory macroeconomics, focus on macroeconomics theory

Qualified students take select first year doctoral courses during the 2nd year in the program


Spring Start

  • Spring semester: Econ 701, 702, and 704
  • Fall semester: Econ 705, 708
  • Electives from the industry track including financial economics, data analytics, and machine learning

Additional Resources

Career Advising

The Economics Career Development Office provides career development support to all Master’s students. To schedule an appointment with one our professional career advisors, please visit the career advising page for more details.

Program Overview

The Wisconsin Economics master’s program offers a terminal graduate degree that prepares students for high-level professional careers in government and industry or further study for the Ph.D. degree.


Admissions Requirements

To review requirements for admission to the University of Wisconsin Master's Program, click the link below.