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Master of Science in Economics


Best Online Master's in Economics

Numerous job sites rank a Master of Science in Economics among the most versatile and lucrative graduate degrees. With expanding access to extensive datasets, both public and proprietary, there is increased value to individuals who have the tools to analyze and interpret economic data and the ability to apply those results to decision making in business and public policy environments.  

Ranked among the best in the nation, the online master's program in economics at Purdue University's Krannert School of Management teaches you the analytic and quantitative methods necessary to evaluate, optimize, and forecast key economic and business outcomes such as stock markets, product prices, production, growth, employment, inflation and welfare.

Our leading and dedicated economics faculty members use cutting-edge quantitative and empirical instructional methods, including econometrics (big data, machine learning), statistical software applications (Stata, Matlab, EViews), modern computational and programming tools (Python), business forecasting, game theory and experimental economics among other areas. See below for further information on various curriculum options.

Our economics master's program is affordable and flexible. You have the option of completing the degree fully online in as few as 20 months or spread out over 36 months.

The program offers study tracks for students interested in data analytics, applied economics, or those interested in pursuing PhD studies in economics, management, or political science at first tier universities. No matter where you take your career, a master degree in economics from Purdue's Krannert School will provide the differentiation you need for success — all on your own timetable and terms. For further information on how to apply, click on the following link: MS application process.

Four areas of specialization

Application Deadlines

The program offers a January and an August start.

  • Deadline for August start: July, 15th
  • Deadline for January start: December, 1st

Additional Highlights

  • Purdue University is one of the leading research universities in the world; Top 5 public university in the U.S.
  • High value program - tuition fees: $967.50 per credit hour (in-state); $1,075 per credit hour (international and out-of-state).
  • In 2017, the median entry level annual salary for students with economics master degrees was $102,490, see median salary.
  • Program starts available in January and August
  • The curriculum is demanding, and taught by a talented and dedicated staff of instructors drawn from the full-time faculty members of the Department of Economics at Purdue University.
Fully Online*
20 months or 36 months
30 Credit Hours

Application and Additional Information

For information on Frequently Asked Questions, click on the following link: FAQs
To apply, follow the instructions the admissions page.

For further information on the program contact:

Heather Goodwin, Assistant Director
Krannert School of Management
Purdue University
Rawls Hall, Suite 3068
100 S. Grant Street
West Lafayette, IN 47907-2076
Telephone: 765-496-3928


Prof. Dr. Ralph Siebertralph siebert
Academic Director of Economics Master's Program
Professor of Economics
Purdue University, Department of Economics, Krannert School of Management
403 W State St., West Lafayette, IN 47907-2076
Office: Krannert Center 233