Analytical Economics (M.S.)

Analytical Economics (M.S.)

Students in Masters Economics Program

Paul College’s new Master of Science in Analytical Economics program is one of the most rigorous in the country. Learn advanced economic theory, econometric and data analysis, and how to code in R and SAS all in one year. Its two tracks give students flexibility to pursue careers in academia or industry, with the industry track culminating in a corporate internship or consulting project.

Credit Hours: 32, academic track; 32-35, industry track   |    Program Length: 1 year

TUITION RATES for AY 21-22 are expected to be the same as those currently published for AY 20-21.


Why get a master’s degree in analytical economics?

You're a recent economics undergrad who wants to knock a few rungs off the career ladder. Or perhaps you have a liberal arts degree but you're strong in math and love to reason and problem solve. Maybe you have your sights set on research and teaching economics at the college level. If any of these describe your motivation, the UNH analytical economics M.S. will put you on the path to launch a high-value career. data places a graduate degree in economics among the top 10 best-paying graduate degrees with a median pay of $134,000.

Why choose UNH’s M.S. in analytical economics program?

Nationally ranked: Our M.S. in analytic economics is consistently ranked among the best, No. 35 by TFE Times.
One year: Finish this program in just one year, saving you time and money.
Rigorous and relevant: You’ll master the quantitative and cutting-edge research skills to excel in your career. Learn advanced economic theory, econometric and data analysis, and code in SAS and R.
Industry track: Gain advanced quantitative economics and econometric skills in preparation for careers in applied economic professions.
Academic track: Prepare for Ph.D. programs in economics.
Faculty mentoring: Our faculty have aglobal reputation for outstanding research and teaching.
Capstone experience: For the industry track, students complete an applied project, summer internship or assist with faculty-driven research. For the academic track, students will complete the Ph.D. comprehensive exam in economic theory.
Excellent job placement: Ninety-three percent of 2018 graduates had jobs six months post-graduation.

Potential careers

  • Business consultant
  • Economic consultant
  • Economist
  • Data analyst
  • Risk analyst
  • Economic forecaster
  • Policy analyst
  • Market researcher
  • Research associate


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1 Year






Curriculum & Requirements

A new Analytical Economics Master of Science has been approved for Academic Catalog year 2022/2023.

Paul College’s STEM designated Master of Science in Analytical Economics is a breed apart. The program offers students a choice between an academic track or an industry track. The academic track provides a full year of doctoral-level economic theory, econometric analysis, and research seminar. It is designed for for students whose ultimate goal is to become a Ph.D. economist. Students also have the flexibility of pursuing a mixed track.

The industry track’s curriculum is unlike any other Master’s program in the country. It is interdisciplinary, weaving together economic theory, data analytics, statistical methods, and data modeling. The program’s mix of doctoral-level and applied classes is also distinctive. Students learn economic theory and statistical methods at the doctoral level. They also use economic theory and data to understand a range of business decision problems. Innovative applied classes include Macroeconomic Consulting and Strategy Analysis: Games and Auctions.

Few other Master’s programs in the country provide a toolkit with comparable interdisciplinary range or rigor. Students learn economic theory and econometrics, code in R and STATA, and learn SQL, PowerBI, and Tableau all in one year. Graduates are uniquely trained to help business managers and project leaders not only formulate decision problems, but communicate with IT people on what data and analysis may be needed. People with this training are increasingly in high demand. 

Students in both tracks enroll in an intensive Math Economics course during the month of August. The program culminates in a capstone experience, which depends on a student’s chosen track.

The program requires a minimum of 32 credit hours of coursework and a capstone experience. All students must complete four core classes. The program can be completed in 12 months. It begins with an August term in which Mathematical Economics is taught in a concentrated manner over two or three weeks.  The August term is followed by two semesters of coursework. Some of the industry-track courses are scheduled on the 8-week MSBA and MBA term calendar. These term classes entail 3-credit hours and meet 3.5 hours a week. A capstone experience in the late spring and early summer completes the degree requirements. The capstone for industry track students is an industry internship or project, whereas academic track students take a doctoral-level comprehensive exam in microeconomic or macroeconomic theory.

The Core
ECON 825Mathematical Economics 14
ECON 926Econometrics I4
ECON 927Econometrics II4
ECON 976Microeconomics I4
Industry Track
DS 801Business Intelligence 23
DS 804Exploration and Communication of Data 23
ECON 890Analytical Economics in Practice (Capstone) 33
ECON 871Macroeconomic Consulting 23
ECON 875Strategy Analysis: Games and Auctions 23
Elective 4
Academic Track
ECON 972Macroeconomics I4
ECON 973Macroeconomics II4
ECON 977Microeconomics II4
ECON 988Graduate Economics Seminar (Fall and Spring)4
Capstone - Comprehensive Exam
Mixed Track
ECON 871Macroeconomic Consulting 23 or 4
or ECON 972 Macroeconomics I
At least 15 credits of classes (if ECON 972 is selected) or 14 credits of classes (if ECON 871 is selected) from either the industry or academic track. Students are recommended to take at least 5 credits of classes beyond the core during the fall semester and 8 credits of classes beyond the core during the spring semester.

Core Competencies

  • Utilize economic theory to formulate and solve optimization problems for consumer and firm decision making (e.g., marginal analysis).
  • Apply classical statistical and econometric methods and use programming languages to analyze and draw valid conclusions from data.
  • Demonstrate an ability to formulate well-designed research projects.

Industry Track

  • Apply principles of data analytics to store, manage, and visualize large datasets.
  • Identify and demonstrate how economic theory, econometrics, and data analytics can be applied to decision making at the enterprise level.

Academic Track

  • Apply advanced graduate-level microeconomic and macroeconomic theory to understand markets and the economy.
  • Demonstrate an ability to comprehend and critique current scholarly research in macroeconomics and microeconomics.


Applications must be completed by the following deadlines in order to be reviewed for admission:

  • Fall: April 15th (to be considered for merit based financial assistance); June 15th (regular)
  • Spring: N/A
  • Summer: N/A
  • Special: N/A

Application fee: $65

Campus: Durham

New England Regional: RI VT

Accelerated Masters: Yes (for more details see the accelerated masters information page)

New Hampshire Residents

Students claiming in-state residency must also submit a Proof of Residence Form. This form is not required to complete your application, but you will need to submit it after you are offered admission or you will not be able to register for classes.


If you attended UNH after September 1, 1991, and have indicated so on your online application, we will retrieve your transcript internally; this includes UNH-Durham, UNH-Manchester and UNH Non-Degree work. 

If you did not attend UNH, or attended prior to September 1, 1991, then you must request one official transcript be sent directly to our office from the Registrar's Office of each college/university attended. International transcripts must be translated into English. We accept transcripts both electronically and in hard copy:

  • Electronic Transcripts: Please have your institution send the transcript directly to Please note that we can only accept copies sent directly from the institution.
  • Paper Transcripts: Please send hard copies of transcripts to: UNH Graduate School, Thompson Hall- 105 Main Street, Durham, NH 03824. You may request transcripts be sent to us directly from the institution or you may send them yourself as long as they remain sealed in the original university envelope.

Transcripts are required for any school you earned a degree from, attended for at least one year, or attended for 2 or more semesters. Exceptions to this rule may be approved at the discretion of the program you are applying to and the UNH Graduate School Admission’s office.

Letters of recommendation: 3 required

Recommendation letters submitted by relatives or friends, as well as letters older than one year, will not be accepted.

Test Scores: GRE Required

GRE required. Request official test scores to be sent directly to the Graduate School by the testing service. Test scores more than five years old are not acceptable. Student copies and photo copies of scores are not considered official. Our CEEB code is 3918.

For general information about test scores, including waiver requests and current COVID related impacts, please visit our Test Scores webpage.

Personal Statement/Essay Questions

Prepare a brief but careful statement regarding:

  1. Reasons you wish to do graduate work in this field, including your immediate and long-range objectives.
  2. Your specific research or professional interest and experiences in this field.


Resume is optional but recommended.

Important Notes

All applicants are encouraged to contact programs directly to discuss program specific application questions.

International Applicants

Some academic departments recommend that international applicants, living outside of the United States, and planning on pursuing a research based degree, submit a preapplication form before submitting a full application. If your desired program is not on the form, departments prefer a full application be submitted. Preapplication requests will be carefully reviewed and a decision usually provided within 3 weeks. If your preapplication is approved then it is recommended you then submit a full application. If you are currently living in the United States (on a H1B visa, etc.), or you plan on pursuing a professional master’s degree, then you do not need to submit a preapplication.

Prospective international students are required to submit TOEFL, IELTS, or equivalent examination scores. English Language Exams may be waived if English is your first language. If you wish to request a waiver, then please visit our Test Scores webpage for more information.

Explore Program Details

Where are they now?

Paul College M.S. analytical economics graduates have launched successful careers with organizations including:

  • Fannie Mae
  • National Association of Manufacturers
  • ITR Economic
  • Amazon
  • John Hancock
  • U.S. Federal Reserve Board
  • Global Economics Group
  • University of Utah
  • Brown University
  • Public Consulting Group



Meet Our Faculty

Watch this video to learn more about the economics program faculty, including Michael Goldberg, Todd H. Crockett Professor of Economics and winner of the 2016 UNH Graduate Faculty Mentor Award.

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UNH campus at sunset


students walking around UNH campus