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2023 Most Affordable Online Master's Degrees in Economics

By the OnlineU team | Updated 12/9/2022
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An online master’s in economics is meant for professionals and students looking to expand their expertise in economics and data analytics to obtain their desired careers. This type of program can cover the foundational topics of economics, like macroeconomics and microeconomics, while diving deeper into skill development topics, like data analysis, leadership, and marketing. Examples of courses within an online master’s in economics include Applied Economics, Marketing Strategy, and Econometrics. Similar programs to an online master’s in economics are finance and political science. To graduate, prospective students can expect to complete an internship, seminar, or capstone course. Graduates of an online master’s in economics may pursue careers like economists, data analysts, and market research analysts. 

View our methodology for details about rankings or learn more about us. You can also check out our overall list of the most affordable online degrees for inspiration.

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All tuition numbers were manually collected and verified
Rank School Locations Annual Tuition
# 1 #1 Georgia Southern University Statesboro (GA) $5,370
# 2 #2 Youngstown State University Youngstown (OH) $5,577
# 3 #3 Emporia State University Emporia (KS) $7,529
# 4 #4 University of North Dakota Grand Forks (ND) $7,661
# 5 #5 Idaho State University Pocatello (ID) $9,126
# 6 #6 Murray State University Murray (KY) $9,143
# 7 #7 Western Illinois University Macomb (IL) $9,578
# 8 #8 SUNY Empire State College Saratoga Springs (NY) $12,204
# 9 #9 University of Missouri Columbia (MO) $12,438
# 10 #10 Wright State University - Main Campus Dayton (OH) $13,221
#1
#1

Georgia Southern University

Statesboro (GA)
Annual Tuition: $5,370
Annual Tuition: $5,370
Annual Tuition: $5,370

Georgia Southern University (Georgia Southern) is a public institution offering an online Master of Science in Applied Economics totaling 30 credit hours. It can take one year to complete the program.

At Georgia Southern, online students complete coursework, delivered asynchronously and synchronously, on the learning management system (LMS) Folio. An economics curriculum can help students improve their business and analytical skills. Sample coursework includes Microeconomics, Math for Applied Economics, and Applied Econometrics. Potential careers for graduates of the program include financial analysts, accountants, and management consultants.

  • Financial Aid Recipients: 91%
  • Average SATs: 1050 -1200
  • Undergrad Online Enrollment: 1,088
  • Graduate Online Enrollment: 1,619
  • School Type: Nonprofit
  • School Accreditation: SACS COC
#2
#2

Youngstown State University

Youngstown (OH)
Annual Tuition: $5,577
Annual Tuition: $5,577
Annual Tuition: $5,577

Youngstown State University (YSU) is a public institution that offers an online Master of Arts in Financial Economics requiring 33 credit hours. Full-time students can expect to complete the program within one year if they maintain that pace.

YSU facilitates asynchronous and synchronous online learning on the Blackboard LMS. This program is designed to prepare students to make financial decisions for their future organizations. Some of the program’s courses are Microeconomic Theory, Econometrics, and Financial Statement Analysis. Additionally, students are required to take a seminar and have the option to choose a thesis or non-thesis track. Prospective careers for graduates include economists, statisticians, and actuaries.

  • Financial Aid Recipients: 98%
  • Average SATs: 970 -1180
  • Undergrad Online Enrollment: 516
  • Graduate Online Enrollment: 287
  • School Type: Nonprofit
  • School Accreditation: HLC
#3
#3
Annual Tuition: $7,529
Annual Tuition: $7,529
Annual Tuition: $7,529

At Emporia State University (ESU), a public institution, students can pursue an online Master of Science in Informatics - Quantitative Economics. Totaling 36 credit hours, the program typically takes full-time students at least one year to finish.

ESU's remote students complete coursework asynchronously on Canvas, meaning that they can work at their own pace. The informatics program delivers a STEM-focused curriculum that's focused on data transformation. Sample courses are Econometrics, Programming and Data Analysis for Informatics, and Economic Theory. The program graduates often enter careers as legal documents analysts, market researchers, and account managers.

  • Financial Aid Recipients: 98%
  • Average SATs: 950 -1055
  • Undergrad Online Enrollment: 178
  • Graduate Online Enrollment: 2,070
  • School Type: Nonprofit
  • School Accreditation: HLC
#4
#4

University of North Dakota

Grand Forks (ND)
Annual Tuition: $7,661
Annual Tuition: $7,661
Annual Tuition: $7,661

The University of North Dakota (UND) is a public institution that offers an online Master of Science in Applied Economics and Predictive Analytics requiring 30 credit hours. It takes full-time students at least two years to complete this program.

UND facilitates asynchronous and synchronous online learning through Blackboard. A master’s in economics program is designed for students seeking data analytics and research expertise. Some of the program’s courses are Mathematics for Economists, Econometrics, and Macroeconomic Theory and Applications. Students are also required to take an Independent Study course. Some potential career opportunities for graduates include data analysts, market research analysts, and economists.

  • Financial Aid Recipients: 92%
  • Average SATs: 1010 -1250
  • Undergrad Online Enrollment: 1,851
  • Graduate Online Enrollment: 1,500
  • School Type: Nonprofit
  • School Accreditation: HLC
#5
#5

Idaho State University

Pocatello (ID)
Annual Tuition: $9,126
Annual Tuition: $9,126
Annual Tuition: $9,126

Idaho State University (ISU) is a public institution offering an online Master of Business Administration - Applied Economics totaling 30 credit hours. Full-time students can expect to spend one year completing the program.

At ISU, distance learners complete coursework, delivered asynchronously and synchronously, on the LMS Moodle. The curriculum covers the foundational topics of business administration combined with economics fundamentals. Courses include Applied Economics, Marketing, and Business Policy and Strategy. Students are also often required to complete a thesis and internship. Prospective careers for graduates are economic researchers, data scientists, and financial managers.

  • Financial Aid Recipients: 92%
  • Undergrad Online Enrollment: 1,032
  • Graduate Online Enrollment: 876
  • School Type: Nonprofit
  • School Accreditation: NWCCU
#6
#6
Annual Tuition: $9,143
Annual Tuition: $9,143
Annual Tuition: $9,143

At Murray State University, a public institution, prospective students can pursue two online master’s degrees in economics: (1) Master of Science in Economic Development (30 credit hours) and (2) Master of Public Administration - Economic Development (36 credit hours). It can take full-time students at least one year to complete either of these programs.

Murray State facilitates asynchronous and synchronous online learning via the popular LMS Canvas. Both programs provide students with the skills to pursue careers in economics. Sample courses are Research Methods, Introduction to Economic Development, and Cost-Benefit Analysis. The first program requires a directed study course and an internship, while the latter requires a capstone course. Potential careers include city planners, economists, and economic developers.

  • Financial Aid Recipients: 99%
  • Average SATs: 1035 -1250
  • Undergrad Online Enrollment: 705
  • Graduate Online Enrollment: 548
  • School Type: Nonprofit
  • School Accreditation: SACS COC
#7
#7
Annual Tuition: $9,578
Annual Tuition: $9,578
Annual Tuition: $9,578

Western Illinois University (WIU) is a public institution offering an online Master of Business Administration - Economics, and this degree program totals 33 credit hours. Full-time students can expect to spend one year completing it.

WIU facilitates asynchronous and synchronous online learning through D2L Brightspace. The school's economics curriculum provides the foundation for students to pursue advanced careers in economics, with classes like Economic Development, International Trade, and Econometrics. Further, students can expect to take an economics seminar. The program’s graduates generally seek careers like economists, economic researchers, and financial planners.

  • Financial Aid Recipients: 88%
  • Average SATs: 950 -1150
  • Undergrad Online Enrollment: 589
  • Graduate Online Enrollment: 472
  • School Type: Nonprofit
  • School Accreditation: HLC
#8
#8

SUNY Empire State College

Saratoga Springs (NY)
Annual Tuition: $12,204
Annual Tuition: $12,204
Annual Tuition: $12,204

SUNY Empire State College (ESC) is a public institution that offers an online Master of Arts in Community and Economic Development totaling 30 credit hours. It can take full-time students one year to finish the program.

At ESC, virtual students complete coursework asynchronously and synchronously through D2L Brightpspace. The program’s online curriculum has students examine theoretical concepts in economic and community development. Some of the core courses include Public Policy Analysis, Research Methods, and Stakeholder-sensitive Business Models. Students must also complete a final project before they can graduate and become financial risk analysts, compensation managers, and data analysts — to name a few options.

  • Financial Aid Recipients: 89%
  • Undergrad Online Enrollment: 3,754
  • Graduate Online Enrollment: 1,145
  • School Type: Nonprofit
  • School Accreditation: MSCHE
#9
#9

University of Missouri

Columbia (MO)
Annual Tuition: $12,438
Annual Tuition: $12,438
Annual Tuition: $12,438

At the University of Missouri (UM), a public institution, prospective students can pursue an online Master of Arts in Economics, totaling 30 credit hours. It can take full-time students at least two years to complete this program.

Through Missouri Online, students participate in asynchronous and synchronous distance learning through Canvas. The program’s curriculum combines economic theory with data analytics, including courses such as Quantitative Economics, Macroeconomic Theory, and Applied Economics. Students are also required to complete a research workshop. Some potential careers for alumni include data scientists, energy market managers, and quantitative modeling analysts.

  • Financial Aid Recipients: 89%
  • Average SATs: 1120 -1340
  • Undergrad Online Enrollment: 835
  • Graduate Online Enrollment: 2,423
  • School Type: Nonprofit
  • School Accreditation: HLC
#10
#10
Annual Tuition: $13,221
Annual Tuition: $13,221
Annual Tuition: $13,221

Wright State University - Main Campus (Wright) is a public institution offering an online Master of Business Administration in Business Economics totaling 33-46.5 credit hours. Full-time students can expect to spend 1-2 years completing the program virtually.

At Wright, online students complete coursework on Pilot, both asynchronously and synchronously. The business economics degree program helps students develop their quantitative and analytic skills. Some of the core courses are Applied Microeconomics, Applied Macro Analysis, and Survey of Economics. Additionally, students must complete a capstone course to graduate. Prospective careers for graduates include actuaries, accountants, and policy analysts.

  • Financial Aid Recipients: 90%
  • Average SATs: 973 -1236
  • Undergrad Online Enrollment: 322
  • Graduate Online Enrollment: 671
  • School Type: Nonprofit
  • School Accreditation: HLC

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