Master of Science in Commerce and Economic Development
|Campus Locations||Boston, Online, Seattle|
|Also available 100% Online||Yes|
|Credits Required for Graduation||45|
|Entry Terms||Fall Quarter, Winter Quarter, Spring Quarter, Summer Quarter|
|Meets International Visa Requirements||Yes|
Globalization has created a borderless economy with a host of new opportunities and challenges for those engaged in commerce and economic development. While global markets offer exciting growth prospects, navigating the world stage requires in-depth knowledge of the financial, regulatory, and economic environments and institutions that affect the global economy and international trade. To meet the need for both insight and skills development, Northeastern University’s College of Professional Studies—in collaboration with Northeastern University’s College of Social Sciences and Humanities—offers the online Master of Science in Commerce and Economic Development.
This graduate-level program integrates economics, leadership, institutional organization, technology, and public policy into a unique and focused educational experience designed to help guide and advance a rewarding career in the private or public sectors.
- Translate economic theory and classroom materials into core competencies
- Apply quantitative skills in the areas of economics, economic theory, policy analysis and research
- Learn to set prices and output levels
- Use conceptual and mathematical tools to examine fluctuations in employment, prices, and economic growth
- Develop skills in data collection, estimation, and results interpretation
- Apply theories of economic growth, technology, structural changes, industrialization, factor proportions and prices, trade, population, and income distribution
- Evaluate labor markets and the role of human capital
- Assess how art, culture, and entertainment impact economic development
- Analyze the impact of environmental resources on commerce and economic development
Several major trends—policy convergence, e-commerce expansion, and continued international development—are driving the job growth in the fields of international trade and economic development, and career prospects are expected to remain strong. Jobs in economic analysis and international trade are typically well-paying, with individuals holding advanced degrees expected to enjoy the best opportunities.
Required Courses (25 q.h.)
Complete all of the following courses:
|CED 6010||Applied Microeconomic Theory||4 q.h.|
|CED 6020||Applied Macroeconomic Theory||4 q.h.|
|CED 6030||Applied Mathematics and Statistics for Economics||4 q.h.|
|CED 6040||Applied Econometrics||4 q.h.|
|CED 6050||Economic Development Theory: Convergence and Competing Theories||4 q.h.|
|CED 6910||Capstone: Master’s Project||5 q.h.|
Elective Courses (20 q.h.)
Select five of the following courses:
|CED 6070||Economics of Human Capital||4 q.h.|
|CED 6080||Commerce, Institutions, and Innovation||4 q.h.|
|CED 6090||Cultural Economic Development||4 q.h.|
|CED 6110||Law and Economics||4 q.h.|
|CED 6120||Environmental Economics||4 q.h.|
|CED 6130||Sustainable Economic Development||4 q.h.|
|CED 6140||Economics of E-Commerce||4 q.h.|
Total Quarter Hours: 45
Attention: If you enrolled before Fall 2012, contact your student success specialist for your curriculum.
Below are the official Admissions Requirements for this program.
- Online application
- Statement of purpose (500-1000 words): identifying your educational goals and expectations from the program; please be aware that the University's academic policy on plagiarism applies to applicant's statement of purpose
- Professional resume: Current resume that displays job responsibilities, relevant experience, and education history
- Two letters of recommendation: from individual(s) with either academic or professional knowledge of your capabilities, such as a faculty member, current employer, mentor, or colleague
- Official undergraduate degree documentation
- Proof of English language proficiency: ONLY for students for whom English is not their primary language: English language proficiency guidelines
For general admissions information and recommended admissions deadlines, Graduate Admissions.
All requirements must be received prior to review.
Estimated total tuition for this program is $27,495.00.
Tuition for individual courses is based on the number of quarter hours. Most courses are 3-6 quarter hours. See Graduate Tuition Rates for details.
Use our Tuition Calculator below to see if transfer credit or tuition reimbursement from your employer could reduce your total tuition.
Please note: The estimated total tuition is based on tuition rates for Academic Year 2014-15 and does not include any fees or other expenses. Some courses and labs have tuition rates that may increase or decrease total tuition. Tuition and fees are subject to revision by the president and Board of Trustees at any time.
*A maximum of 9 quarter hours of graduate- or doctoral-level credit obtained at another institution may be awarded as Advanced Graduate Credit to the Doctor of Education program.
Who Will Your Classmates Be?
Designed for mid-career professionals or individuals who are interested in economic development, commerce, or international trade, this program typically attracts students who hold undergraduate degrees in economics, business, geography, environmental studies, or policy. Upon completion, graduates will be well positioned to apply for positions in government, international organizations, nonprofit organizations, universities, or the private sector.
Knowledge of economic principles comprising commerce and economic development
Economics compose the building blocks of the program (math and statistics, econometrics, microeconomics and macroeconomics) and students will be able to demonstrate understanding of optimizing individuals, strategic interactions and market operations and evaluate issues framing business strategy and government policies.
Knowledge of economic theories of private and public decision-making and interactions
Students will have the opportunity to engage in the comprehensive study of Information, Institutions and Innovation and apply economic theories to business and public policy issues; theories include economic growth, technological and structural changes, industrialization, factor proportions and prices, trade, population, and income distribution.
Research, modeling and analysis skills
Students will be able to select and apply econometric and related analytical techniques and interpret results. Students will have the opportunity to develop and reinforce mathematics tools and basic probability, descriptive statistics, estimation techniques, statistical hypotheses, sampling, analysis of variance, correlation, and regression analysis.
Critical thinking skills
Built upon a structured approach to social science inquiry, students will be able to frame questions of importance and with acquired economic knowledge and analytical skills, assemble evidence, apply relevant criteria and draw meaningful conclusions.
Students will be able to communicate in a clear and concise manner. Based on instruction and rigorous exercises, students writing should be compelling and consistent with that of mid-level consultants or staff analysts.