Why Commerce and Economic Development?
The Master of Science in Commerce and Economic Development, a STEM-designated program, integrates economics, leadership, technology, and public policy to prepare students for a career in the private or public sector.
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 Master of Science in Commerce and Economic Development, which integrates an applied economics study of information, institutions and innovation designed to develop and hone analytical skills to support private and public decision-making.
- Program designed for mid-career professionals
- Graduates are positioned for jobs in government, international organizations, nonprofit organizations, universities, or the private sector
- STEM designation allows international students to apply for a 24-month OPT STEM Extension to their 12-month Optional Practical Training (OPT) period, allowing them to work in the U.S. for up to 36 months after graduation
- Boston location is a hub for healthcare, education, finance, business, biotechnology, and the life sciences
- Required capstone project
- Financial Economics concentration prepares students for the CFA Institute Level I exam
- 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.
What you'll study
The following course should be taken last:
Complete 11-14 quarter hours from the CED subject area, or from any of the following:
Note: Students choose ALY 6050 Introduction to Enterprise Analytics or ALY 6070 Communication and Visualization for Data Analytics.