Master of Science in Economic Analytics

One year. Real impact. Advance your career.

 

Designed to guide students through economic modeling and theory to cutting-edge analytical tools, providing thorough training in descriptive, predictive, and prescriptive analytics.

What Alumni Say

Ramon Zumaran

“The program provided me with the set of tools, experiences and connections that set me up to be a successful PhD candidate and researcher.”

Ramon Zumaran, '21

Ph.D. Candidate · Carnegie Mellon University

Katie Games

“This program equipped me with a blend of technical and business-functional knowledge that I could apply directly to my work, helping me succeed in my role and stand out in my career.”

Katie Games, '22

IT Product Manager · Tyson

Savannah Gunnoe

“I'm most grateful for the technical skills this program gave me to ask and answer real economic research questions.”

Savannah Gunnoe, '26

Economist · Bureau of Labor Statistics

The Walton Advantage

  • Accelerated 10-month format
  • Distinctive integration of economics and data analytics
  • STEM-designated, cutting-edge training for industry and academic careers
  • In-demand programming skills in Python, R, and SQL
  • Strong placement record across industry, the public sector, and academia
  • Access to Northwest Arkansas's Fortune 500 business ecosystem
  • Active alumni network and professional mentorship
  • Small, cohesive cohort with personalized faculty support

Career Outcomes & ROI

Where a Walton economic analytics master's takes you

Our graduates move fast — into new industries, leadership roles, and organizations that shape the global economy.

Master of Science in Economic Analytics

Common starting job titles

  • Data Analyst
  • Economic Analyst
  • Financial Analyst
  • Pricing Analyst
  • Yield Engineer
  • Economic Consultant

Where our graduates work

  • Sam's Club
  • ArcBest
  • Stephens
  • Oracle
  • Analysis Group
  • FedEx
  • Tyson Foods
  • J.B. Hunt
  • P&G
  • Murphy USA
  • Simmons Bank
  • Bureau of Labor Statistics
Just the Facts

Program Length

One Year

This two-semester program begins in August and ends in May. (one academic year)

Application Deadline

Final deadline: July 1

International applicants:
February 15
Priority (domestic applicants):
April 15
Final (domestic applicants):
July 1

Start Date

Fall

Entrance Test

GMAT or GRE

Applicants with an undergraduate GPA of 3.2 or higher or at least three years of relevant professional work experience may be considered for a GMAT/GRE waiver, subject to review and approval by the admissions committee. Please review our master’s admissions policies.

Curriculum

Courses & program schedule

Every course is designed around what you’ll actually do with it.


Core Curriculum

ECON 52603: Applied Microeconomics - The framework for this course is the economic way of thinking. Both the theory and application of important economics questions are presented, showing students the applicability of various economic methodologies in a number of different contexts. To gain competence in the applied side of economic analysis, students will use MS Excel or other software to apply class concepts to solve concrete problems.

ECON 57403: Introduction to Econometrics - Introduction to the application of statistical methods to problems in economics. Graduate degree credit will not be given for both ECON 47403 and ECON 57403.

ECON 57503: Forecasting - The application of forecasting methods to economics, management, engineering, and other natural and social sciences. The student will learn how to recognize important features of time series and will be able to estimate and evaluate econometric models that fit the data reasonably well and allow the construction of forecasts. Graduate degree credit will not be given for both ECON 47503 and ECON 57503.

ECON 57803: Applied Microeconometrics - This course covers the principles of causal inference. Methods include panel data models, instrumental variables, regression discontinuity designs, difference-in-differences, and matching. Emphasis on developing a solid understanding of the underlying econometric principles of the methods taught as well as on their empirical application.

ECON 58103: Economic Analytics I - Part one of the capstone in the Masters in Economic Analytics. The course provides an overview of modern statistical learning methods, including Machine Learning, along with hands-on experience of in-depth analytics exercises using real data. Students make use of the most advanced learning libraries available in Python to gather and organize data as well as to train, validate, and test their empirical models.

ECON 58203: Economic Analytics II - Part two of the capstone in the Masters in Economic Analytics. Students (i) develop capstone topics, (ii) formulate hypotheses, (iii) find appropriate datasets, and (iv) analyze their data to test hypotheses using the econometric models and techniques that they have learned over the course of the program.

ECON 58303: Data Exploration and Communication for Economics - The course focuses on developing the skills to acquire, prepare, explore, and analyze different types of data, and communicate the results. Topics include understanding the structure of business and economic data, preparing data for analysis, fundamentals of exploratory data analysis, and presentation and communication of the results.

ECON 58403: Economic Policy and Data Analysis - The course focuses on developing economic and data analysis skills to understand international, national, and regional macroeconomic policies. It emphasizes the use of data and economic theory to study macroeconomic indicators, macroeconomic topics such as national and regional income growth, monetary policies, employment, exchange rate regime; and other policy issues such as migration, environment and agriculture, and urban development.

ISYS 51003: Data Analytics Fundamentals - Fundamental knowledge and skills in several major areas of business data analytics. Emphasis on the management and use of data in modern organizations, intermediate & advanced spreadsheet topics; relational databases & SQL; and programming (such as Python).

3 hours of approved ECON elective.

Program Format

  • Complete the intensive Master of Science in Economic Analytics in 10 months.
  • Build advanced economic and analytical expertise through a focused, STEM-designated curriculum.

Economic Modeling and Analytics

  • Develop a strong foundation in economic theory and economic modeling.
  • Use econometrics and forecasting to understand complex markets, evaluate outcomes and support data-driven decisions.

Computational Tools and Methods

  • Build proficiency in Python and R.
  • Apply machine learning, optimization and advanced computing methods to large and complex datasets, combining economic reasoning with modern analytical techniques.

Applied Economic Analytics Experience

  • Complete a capstone course focused on applying economic analytics to real-world questions.
  • Translate data and economic models into actionable insights for organizations and policymakers.

4+1 Option

  • The 4+1 program option will allow well-prepared undergraduate students to begin graduate courses during the last year of their undergraduate studies. Speak to a recruiter.

Student Experience

How is career development built into the Walton experience?

Career support is an integral component to the Walton student experience.


Personalized career consulting

Personalized career consulting

Personalized career coaching to launch your career or accelerate your next move.

Personalized planning · Industry guidance · Ongoing check-ins

Capstone Poster Presentation

Capstone poster presentation

Present original research that turns complex, real-world questions into evidence-based insights.

Economic modeling · Advanced analytics · Findings and implications

Resume and interview preparation session

Resume and interview prep

Hands-on preparation for every recruiting conversation.

Resume reviews · Mock interviews · Offer negotiation

Professional development

Professional development

Leverage the power of the Walton alumni network.

Mixers · Faculty connections · Mentorship

Program Fit

What makes you a competitive candidate for this program?

The Walton Master of Science in Economic Analytics is an intensive, quantitatively focused program built around a small, collaborative cohort. Admissions consideration is selective.


Are you prepared for quantitative coursework?

Competitive candidates demonstrate strong analytical ability and readiness for coursework in economics, statistics, data analysis and programming.

Do you have clear career goals?

Strong candidates can clearly explain how advanced economic and analytical skills will help them achieve their career goals.

LinkedIn Student Image
Wondering what your cohort could look like? Get to know our current students.

Student Voice & Proof

Inside the Walton experience

Stories and perspectives from students, alumni, and faculty — straight from the program.


News & Noteworthy — Walton News

Video Playlist

FAQ

Frequently asked questions

Everything you need to know before you apply. Don't see your question? Reach out to the graduate programs office.


The Walton Master of Science in Economic Analytics is an intensive, 30-credit-hour program completed in 10 months.

Students begin in August and complete the degree in May, progressing through the curriculum together over two semesters.

Yes. The MSECAN is a full-time, in-person program designed to develop advanced economic and analytical capabilities within one academic year.

Because of the program’s accelerated pace and quantitative rigor, students should expect graduate study to be their primary commitment. Full-time employment while enrolled is generally not recommended.

The curriculum combines applied economics, statistics and data science to help students understand why economic and business outcomes occur, anticipate what may happen next and determine what decisions the evidence supports.

Students develop expertise in:

  • Applied microeconomics
  • Econometrics and causal inference
  • Economic and business forecasting
  • Economic modeling
  • Machine learning
  • Statistical analysis
  • Data preparation and exploration
  • Economic policy analysis
  • Data visualization and communication
  • Descriptive, predictive and prescriptive analytics

Students build experience using tools and programming languages employed in modern economic and data analysis, including:
  • Python
  • R
  • SQL
  • Microsoft Excel
  • Machine-learning libraries
  • Data visualization and analytical tools

The emphasis extends beyond learning software. Students use these tools to organize data, estimate and test models, develop forecasts, evaluate evidence and communicate meaningful findings.

Economic analytics combines advanced data methods with economic theory and modeling. Students learn not only how to identify patterns in data, but also how to examine incentives, markets, policies and causal relationships.

This economic perspective helps graduates investigate why an outcome occurred, forecast how conditions may change and evaluate the likely effects of different decisions.

An undergraduate economics degree is not required. Students may enter the program from economics, business, mathematics, statistics, information systems, engineering and other quantitatively oriented disciplines.

Because the curriculum moves quickly, applicants should be prepared for rigorous work involving economic reasoning, statistics, data analysis and programming. Admissions reviewers consider each applicant’s academic preparation and overall readiness for the program.

Previous programming experience can be helpful, but applicants do not need to be advanced programmers before entering the program.

Students receive training in Python and R while applying computational methods to economic and business questions. Comfort with quantitative problem-solving and a willingness to develop technical skills are important for success.

The two-part capstone brings together the economic, statistical and computational methods students develop throughout the program.

Working in small teams, students:

  • Identify a complex economic or business question
  • Develop hypotheses
  • Find and prepare appropriate datasets
  • Select relevent econometric and analytical methods
  • Analyze the eveidence
  • Interpret and communicate their findings

The experience culminates in the Economic Analytics Master's Poster Session, where students present their methods, findings and real-world implications.

The MSECAN prepares graduates for analytical careers across private business, government, research and public policy.

Potential career paths include:

  • Economic analyst
  • Data analyst
  • Business analyst
  • Forecasting analyst
  • Policy analyst
  • Research analyst
  • Market intelligence analyst
  • Pricing analyst
  • Strategy analyst
  • Quantitative analyst

Graduates are prepared to analyze markets, forecast trends, evaluate policies and translate complex data into insights that support organizational decisions.

The Walton MSECAN combines rigorous economic thinking with the analytical tools organizations use to make data-informed decisions.

Students benefit from:

  • An accelerated 10-month format
  • A STEM-designated curriculum
  • Advanced training in econometrics, forecasting and causal inference
  • Applied experience with Python, R, SQL and machine learning
  • A team-based economic analytics capstone
  • Opportunities to present original research
  • Small-cohort connections with faculty and classmates
  • Access to Northwest Arkansas’ business and economic ecosystem
  • An on-campus Certified Business Economist exam opportunity

Yes. The Master of Science in Economic Analytics is a STEM-designated graduate degree.

The curriculum integrates economics, statistics, programming, machine learning and advanced analytical methods to prepare students to work with complex data and solve quantitative problems.

Yes. The 4+1 option allows qualified undergraduate students to begin graduate coursework during the final year of their bachelor’s degree.

This option can help well-prepared students begin working toward the MSECAN before completing their undergraduate studies. Interested students should speak with the program or an academic advisor early to review eligibility and course planning.

For the 2026-27 academic year, estimated in-state tuition and fees for the 30-credit-hour program are $22,256.40.

Additional tuition may apply for out-of-state and international students. Tuition and fees are subject to change. Students should also plan for expenses not included in the published estimate, such as housing, books, technology, transportation and other personal educational costs.

Students may explore scholarships, graduate assistantships, federal student aid and other university funding opportunities. Awards are competitive, eligibility requirements vary and funding is not guaranteed.

Students seeking federal financial aid should complete the Free Application for Federal Student Aid and review Walton’s available financial-assistance resources.

Applicants may qualify for a GMAT or GRE waiver if they have earned at least a 3.2 cumulative GPA, or a 3.2 GPA across at least 60 credit hours, from an accredited U.S. institution.

Applicants may also qualify with at least three years of relevant professional experience, as evaluated by the admissions committee. Applicants who do not qualify for a waiver will need to submit a valid GMAT or GRE score.

Applicants must submit an online application and application fee, along with:
  • Academic transcripts
  • A professional statement of purpose
  • A current résumé
  • Three letters of recommendation
  • A GMAT or GRE score, unless a waiver is approved

Unofficial transcripts may be submitted for the initial application review. Official transcripts are required to finalize admission. Review the complete master’s application requirements before applying.

The MSECAN admits one new cohort each fall.

Current application deadlines are:

  • International applicants: February 15
  • Domestic priority deadline: April 15
  • Domestic final deadline: July 1