Master of Science in Agricultural and Applied Economics

12 Months On Campus Bachelors Program

University of Wisconsin Madison

Program Overview

The Master of Science in Agricultural and Applied Economics at the University of Wisconsin–Madison develops advanced expertise in economic theory, quantitative analysis, and applied research. The program is particularly suited to students interested in environmental and natural resource economics, international development, agricultural markets, and community economics, preparing them to analyze complex economic challenges and support evidence-based policy and business decisions.

Curriculum Structure

The program requires 30 credits and typically takes four semesters. Students may complete an optional thesis, subject to approval, or follow a coursework-focused pathway. The university does not prescribe a fixed year-wise course sequence, so the outline below is illustrative.

Year 1

Students build a foundation in economic theory and quantitative analysis through A A E 635 – Applied Microeconomic Theory or A A E 625 – Agribusiness Economics and Management, alongside A A E 636 – Applied Econometric Analysis I. They progress to A A E 637 – Applied Econometric Analysis II or A A E 719 – Applied Business Economics, developing skills in statistical modeling, economic evaluation, and empirical research.

Year 2

Students deepen their specialization through advanced Agricultural and Applied Economics courses numbered 500 or above, selecting subjects related to environmental and natural resource economics, international development, agricultural markets, or community economics. Students who choose the thesis option undertake approved research and defend their thesis in an oral examination, while others complete the remaining coursework and electives required by their study plan.

Focus Areas

Agricultural economics, applied microeconomics, econometrics, environmental economics, natural resource economics, international development economics, agribusiness management, agricultural markets, community economics, and economic policy analysis.

Learning Outcomes

  • Economic analysis: Evaluate economic theories and empirical methods relevant to agriculture, the environment, and development.

  • Quantitative skills: Apply econometric methods and interpret economic data.

  • Research capability: Identify suitable data sources and conduct evidence-based analysis.

  • Policy evaluation: Assess agricultural, environmental, and development policies.

  • Communication: Present economic findings clearly through written reports and oral presentations.

Professional Alignment (Accreditation)

The program develops analytical and research skills relevant to economic consulting, policy analysis, agricultural economics, and environmental resource management. Program-specific professional accreditation is not stated in the official catalog.

Reputation and Employability

Research strengths: The department has established research and graduate training in environmental and natural resource economics, international development, agricultural economics, and community economics. These areas support career pathways in government, research institutions, consulting, international development, and agricultural industries. Program-specific employment statistics are not stated in the reviewed catalog

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wisconsin-Madison, the Master of Science in Agricultural and Applied Economics program is designed to provide students with hands-on experiences that bridge the gap between theory and practice. Students have access to state-of-the-art facilities and tools that enhance their learning and prepare them for real-world challenges in the agricultural and applied economics sectors. The program emphasizes experiential learning through various opportunities, allowing students to apply their knowledge in practical settings.

 

Here are some key components of the experiential learning opportunities available in the program:

- Research Labs: Students can engage in research at the Center for Integrated Agricultural Systems (CIAS) and the Food Systems Research Group, where they can work on projects that address real-world agricultural issues.

- Field Trips: The program includes field trips to local farms, agribusinesses, and research facilities, providing students with firsthand experience of the agricultural landscape and industry practices.

- Internships: Students are encouraged to pursue internships with agricultural organizations, government agencies, and private sector companies, allowing them to gain valuable work experience and professional connections.

- Group Projects: Collaborative projects are a key part of the curriculum, where students work in teams to tackle complex economic problems, simulating real-world scenarios they will encounter in their careers.

- Software Tools: Students gain proficiency in industry-standard software such as R, Stata, and GIS tools, which are essential for data analysis and economic modeling in agricultural contexts.

- Libraries and Resources: The university's extensive library system, including the Steenbock Memorial Library, offers a wealth of resources for research and study, supporting students in their academic pursuits.

- Institutes and Centers: The program is affiliated with various institutes, such as the Agricultural and Applied Economics Association (AAEA) and the Wisconsin Institute for Sustainable Agriculture, providing students with additional networking and learning opportunities.

Progression & Future Opportunities

The Master of Science in Agricultural and Applied Economics at the University of Wisconsin-Madison prepares graduates for a variety of impactful careers in the agricultural and economic sectors. Alumni often find themselves in roles such as agricultural economists, policy analysts, and market research analysts, where they can apply their expertise to drive innovation and inform decision-making. The program equips students with the analytical skills and practical knowledge needed to excel in these positions:

 

- University Services for Employment: The university offers robust career services, including personalized career counseling, resume workshops, and networking events with industry professionals. The Wisconsin School of Business also provides access to job fairs and employer information sessions specifically tailored for agricultural and applied economics students.
- Employment Stats and Salary Figures: Graduates from this program have a strong employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for alumni is around $65,000, with many professionals seeing significant salary growth as they gain experience.
- University–Industry Partnerships: UW-Madison has established partnerships with leading organizations in agriculture, finance, and policy, such as the Wisconsin Department of Agriculture and the Food and Agriculture Organization of the United Nations. These connections provide students with valuable internship opportunities and real-world projects.
- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that the education you receive meets the highest standards and is recognized globally.
- Graduation Outcomes: Graduates are well-prepared for leadership roles in both the public and private sectors, with many going on to influence agricultural policy, contribute to sustainable practices, and drive economic development.

Further Academic Progression: After completing the Master of Science in Agricultural and Applied Economics, students have the option to pursue a PhD in Agricultural and Applied Economics or related fields. This advanced study can open doors to academic positions, research roles, and high-level consultancy opportunities, allowing you to further deepen your expertise and impact in the field.

Program Key Stats

$12186
$17584
$44210
$80
EA, RD

Aug Intake : 15th Jan (RD) , 1st Nov (EA / ED)Jan Intake : 1st Oct


53%
No
No
Yes

Eligibility Criteria

ABB - AAB
3.7 - 4
38 - 40
90 - 95
3.0
4 Years

1400 - 1450
33 - 36
6.5
90
Optional
No
Eligibility criteria

How US Universities Assess Applicants

Career Options

  • Agricultural Economist
  • Applied Economist
  • Economic Research Analyst
  • Environmental Economist
  • Natural Resource Economist
  • Agricultural Policy Analyst
  • Econometric Analyst
  • Agribusiness Analyst
  • International Development Specialist
  • Economic Consultant
  • Market Research Analyst
  • Public Policy Analyst
Career options

Master of Science in Agricultural and Applied Economics

2 Years On Campus Bachelors Program

University of Wisconsin Madison

Program Overview

The Master of Science in Agricultural and Applied Economics at the University of Wisconsin–Madison develops advanced economic reasoning and analytical skills for addressing challenges in agriculture, natural resources, international development, and community economics. This coursework-focused program allows students to specialize in one or two areas of applied economics, combining economic theory, econometrics, and field-specific electives to prepare for careers in research, consulting, government, agribusiness, and policy analysis.

Curriculum Structure

The program requires 30 credits and typically takes 3–4 semesters to complete. The university does not prescribe a fixed year-wise course sequence, so the following is an illustrative study pathway based on official degree requirements.

Year 1

Students establish their foundation in economic theory and quantitative analysis through AAE 635: Applied Microeconomic Theory, AAE 636: Applied Econometric Analysis I, and AAE 637: Applied Econometric Analysis II. They also begin field-specific coursework, exploring agricultural markets, economic development, or environmental and natural resource economics, depending on their selected specialization.

Year 2

Students complete advanced economic analysis courses and electives aligned with their chosen field. Options include AAE 641: Foundations of Agricultural Economics, AAE 642: Foundations of Development Economics, and AAE 643: Foundations of Environmental and Natural Resource Economics, allowing students to investigate agricultural production, development challenges, environmental policy, and resource management. A thesis may be possible depending on the approved study plan.

Focus Areas

Agricultural economics, environmental and natural resource economics, international development economics, community economic development, econometrics, agricultural markets, economic policy, resource management, quantitative economic analysis.

Learning Outcomes

  • Apply economic theory to agricultural, environmental, and development challenges.

  • Analyse economic data using statistical and econometric methods.

  • Evaluate agricultural markets, public policies, and resource allocation.

  • Assess environmental and natural resource management strategies.

  • Interpret economic research and communicate findings effectively.

  • Develop evidence-based recommendations for businesses, governments, and nonprofit organizations.

Professional Alignment (Accreditation)

STEM designation: The university identifies this master's option as a STEM-designated program. Eligible international graduates may qualify for the STEM OPT extension, subject to applicable immigration requirements. Program-specific professional accreditation is not stated on the official program page.

Reputation (Employability Rankings)

Career preparation: The department identifies data analysis, government agencies, nonprofit organizations, consulting, and related sectors as potential career destinations for graduates. A separate program-specific employability ranking, employment rate, or graduate salary statistic is not stated on the reviewed official pages.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wisconsin-Madison, the Master of Science in Agricultural and Applied Economics program is designed to provide students with hands-on experiences that bridge the gap between theory and practice. Students have access to state-of-the-art facilities and tools that enhance their learning and prepare them for real-world challenges in the agricultural and economic sectors. The program emphasizes experiential learning through various opportunities, allowing students to apply their knowledge in practical settings.

 

Here are some key aspects of experiential learning in the program:

- Research Opportunities: Engage in cutting-edge research at the Center for Integrated Agricultural Systems (CIAS) and the Food Systems Research Group, where you can work on projects that address real-world agricultural issues.

- Internships: Gain valuable work experience through internships with local farms, agribusinesses, and government agencies, providing you with insights into the industry and networking opportunities.

- Field Trips: Participate in field trips to farms, agricultural businesses, and research facilities, allowing you to see firsthand the application of economic principles in various agricultural contexts.

- Collaborative Projects: Work on group projects that tackle current issues in agricultural economics, fostering teamwork and problem-solving skills essential for your future career.

- Software and Digital Tools: Utilize industry-standard software such as R, STATA, and GIS tools for data analysis and economic modeling, equipping you with the technical skills needed in the field.

- Laboratories and Research Facilities: Access specialized labs and research facilities, including the Agricultural Research Stations, where you can conduct experiments and gather data for your projects.

- Libraries and Resources: Benefit from the extensive resources available at the Steenbock Memorial Library and the University Archives, which provide access to a wealth of information and research materials.

- Institutes and Centers: Collaborate with various institutes, such as the Institute for Environmental Studies and the Wisconsin Institute for Sustainable Agriculture, to explore interdisciplinary approaches to agricultural challenges.

Progression & Future Opportunities

The Master of Science in Agricultural and Applied Economics at the University of Wisconsin-Madison prepares graduates for a variety of impactful careers in sectors such as agriculture, finance, and policy analysis. Alumni often find themselves in roles such as Agricultural Economist, Policy Analyst, Market Research Analyst, and Financial Consultant. With a strong foundation in economic principles and applied research, graduates are well-equipped to tackle real-world challenges in the agricultural and economic landscape.

 

Here’s what you can expect in terms of progression and future opportunities:

- University Services: The university offers robust career services, including personalized career counseling, resume workshops, and networking events specifically tailored for agricultural and applied economics students. The Wisconsin School of Business also provides access to industry-specific job fairs and employer panels.

- Employment Stats and Salary Figures: According to recent data, over 90% of graduates from the program secure employment within six months of graduation, with starting salaries averaging around $65,000 annually. Many graduates see significant salary growth as they gain experience in their fields.

- University–Industry Partnerships: UW-Madison has established strong partnerships with organizations such as the Wisconsin Farm Bureau Federation and the USDA, providing students with internship opportunities and real-world projects that enhance their learning experience.

- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that the education you receive meets the highest standards of quality and relevance in the field.

- Graduation Outcomes: Graduates of the program have gone on to work for leading firms and organizations, including the World Bank, USDA, and various agricultural cooperatives, demonstrating the program's strong reputation and the value of its alumni network.

Further Academic Progression: After completing the MS in Agricultural and Applied Economics, you may choose to further your studies by pursuing a PhD in Agricultural Economics or a related field. This advanced degree can open doors to academic positions, research roles, and high-level policy-making opportunities. Additionally, you could explore certifications in specialized areas such as data analysis or environmental economics to enhance your expertise and marketability in the job market.

Program Key Stats

$12186
$17584
$44210
$80
EA, RD

Aug Intake : 15th Jan (RD) , 1st Nov (EA / ED)Jan Intake : 1st Oct


53%
No
No
No

Eligibility Criteria

ABB - AAB
3.7 - 4
38 - 40
90 - 95
3.0
4 Years

1400 - 1450
33 - 36
6.5
90
Optional
No
Eligibility criteria

How US Universities Assess Applicants

Career Options

  • Agricultural Economist
  • Environmental Economist
  • Economic Research Analyst
  • Econometrician
  • Agricultural Policy Analyst
  • Natural Resource Economist
  • International Development Analyst
  • Community Economic Development Specialist
  • Economic Consultant
  • Market Research Analyst
  • Government Policy Analyst
  • Agricultural Business Analyst
Career options

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