Minor in Applied Economics

At the University of Minnesota, the Bachelor’s in Applied Economics is designed to connect you directly with real-world economic challenges. Right from the start, you’ll develop practical skills in data analysis, economic modeling, and policy evaluation, all while working on projects that impact communities locally and globally. The program emphasizes hands-on learning, encouraging you to engage in internships, research, and fieldwork that prepare you to make data-driven decisions in diverse professional settings.

Here’s what that looks like in action:

• High-Impact Experiential Learning Requirement – Every student completes at least one internship, service-learning project, or faculty-mentored research experience to apply classroom knowledge to real economic problems.

• APEC 3551 (Concept Design & Entrepreneurship) – Collaborate in teams to develop economic solutions and entrepreneurial projects, gaining experience in economic design and communication.

• Professional Internship Courses (CFAN 3096 & 4096) – Earn credit for internships that provide hands-on experience in government agencies, nonprofits, or private sector organizations.

• Undergraduate Research Opportunities Program (UROP) – Access funding and mentorship for independent or faculty-led research projects that deepen your applied economics expertise.

• Faculty-Led Short-Term Study Abroad – Participate in intensive programs lasting 1–4 weeks, earning academic credit while exploring economic systems in countries such as Italy, Thailand, or New Zealand.

• Applied Economics Research Labs – Engage with ongoing research in areas like food systems, environmental economics, and international trade alongside faculty and peers.

• Focus on Diversity and Inclusion – Many projects and research initiatives address economic equity and social justice, preparing you to lead with awareness of diverse economic impacts.

• Dedicated Career Services – Benefit from tailored resume workshops, interview preparation, and direct connections to employers in economic consulting, policy, and related fields.

Graduates from the Bachelor’s programs in Applied Economics at UMN are equipped for technical and applied roles such as economic forecasters, policy advisors, market analysts, and agricultural economists. Both degrees are housed within the College of Food, Agricultural and Natural Resource Sciences (CFANS), blending economic rigor with real-world application:

• Career support: The CFANS Career Services team offers targeted internship support, employer visits, and job search coaching focused on data-driven and policy-related roles.

• Graduate employment: Over 90% of students are employed or in graduate school within six months, with starting salaries typically around $60,000–$66,000.

• Industry partners: UMN has deep connections with the Federal Reserve Bank of Minneapolis, USDA, and 3M, among others.

• Accreditation value: The Applied Economics program is nationally respected, particularly for its focus on agricultural and policy economics.

• Outcomes: Graduates thrive in industries like energy, food systems, environmental policy, and economic development.

Further Academic Progression:
UMN prepares students for graduate study in Applied Economics, Public Affairs, Environmental Policy, or Agricultural Economics, offering clear pathways into top-tier master’s and PhD programs, including at UMN itself.