Difference between Online Masters in Economics programs v/s On-campus Master’s program in Economics?

Colleges throughout the world have embraced and adopted different learning formats to be able to meet student’s needs and lifestyles. For advanced education, the most common options for graduate students are on-campus and online master’s degrees.

Many students wonder if an online master’s degree will hold the same weight, or have the same quality, as an on-campus college degree. The truth is – regardless of the format – all great master’s degree programs are held to a certain standard of academic excellence, to achieve high rankings and accreditation. Students are still presented with the same materials, are expected to complete all coursework by a set due date, and are held to the same academic standards. The difference comes into play when considering how you prefer to learn and be taught.

The biggest difference between on-campus and online master’s degrees is the flexibility of the curriculum. By definition, on-campus degrees require you to be in-person for all classes during a scheduled time. Some courses meet once a week for multiple hours while others meet multiple times a week, for shorter periods. Regardless of the class frequency, students are required to be in person during those specific, allotted class periods. For some, this can be extremely beneficial to have a specific day and time set aside each week dedicated to focusing on the course.

Online master’s degrees, however, offer greater flexibility in regards to class schedules and the pace of completing assignments. Online programs provide students with a window for completing a class lecture or assignment, allowing busy professionals the opportunity to complete coursework on their schedules and at their own pace, without having to set aside a predetermined time each week to show up for class.

Economics Online Master’s vs Economics On-campus Master’s program

John Hopkins Online Masters in Economics

Online Master’s program in Economics at John Hopkins University is a purely 100% online program where it is part of business, part of social science, economics is an incredibly broad field with more career opportunities.

Economists can work in state and federal government, in research and development, and finance and insurance—and it’s a field in high demand. The U.S. Department of Labor expects demand to increase faster than the average occupation through 2028.

The Johns Hopkins MS in Applied Economics gives student flexibility to design a degree plan that fits their professional goals and economic interests, such as:

  • Environmental economics
  • Financial economics
  • Health economics
  • International economics and development
  • Spatial economics
  • Public policy

Tuition cost at John Hopkins University for Online Masters in Economics 2020-2021:

  • The total number of courses offered by John Hopkins University for Online Masters in Economics is 10 courses.
  • The total cost per course offered by John Hopkins University for Online Masters in Economics is $4,724.
  • The overall cost offered by John Hopkins University for Online Masters in Economics is $47,240.

Faculties of Online Masters in Economics at John Hopkins

Program Directors

Matt Parrett – Program Coordinator, Sr. Lecturer, Interim Program Director.
Ahmed Mahmud – Associate Program Director, Sr. Lecturer.
Genevieve BriandAssistant Program Director, Sr. Lecturer.

 Adjunct Faculty

  1. Rajeev Bhattacharya – Lecturer.
  2. Kenneth Danger – Lecturer.
  3. Ai Deng – Lecturer.
  4. Joe Fuhr – Lecturer.
  5. Nadia Karamcheva – Lecturer.

Purdue University Masters in Economics

The on-campus Master’s program in Economics at Purdue University is the Master of Science in Economics among the most versatile and lucrative graduate degrees. With expanding access to extensive datasets, both public and proprietary, there is increased value to individuals who have the tools to analyze and interpret economic data and the ability to apply those results to decision making in business and public policy environments.

The program offers study tracks for students interested in data analytics, applied economics, or those interested in pursuing Ph.D. studies in economics, management, or political science at first-tier universities.

MS in Applied Economics gives students the flexibility to design a degree plan that fits their professional goals and economic interests, such as:

  • Econometrics I
  • Intermediate Economics I (Micro)
  • Intermediate Economics II (Macro)
  • Econometrics II 
  • Financial Econometrics
  • Microeconometrics
  • Game Theory
  • Financial Econometrics

Tuition cost at Purdue University for On-campus Masters for Economics 2020-2021:

  • The total credit hours required to complete the program is 30 credit hours.
  • Cost per credit for the Economics program $967,50.
  • The overall program cost $29,010.

Faculties of Masters in Economics at Purdue University

  1. Professor Bill Novshek, Ph.D. Northwestern – Areas of Interest: Micro Theory, Mathematical Economics, Industrial Organization.
  2. Professor Kevin Mumford, Ph.D. Stanford – Areas of Interest: Public Finance, Labor Economics, Applied Microeconomics.
  3. Professor Matt Hoelle, Ph.D. University of Pennsylvania Areas of Interest: Macro Theory, General Equilibrium Theory, Game Theory.
  4. Professor Tim Cason, Ph.D. Berkeley – Areas of Interest: Industrial Org, Experimental Economics, Environmental Econ. 

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About Sai Valluru

Sai Valluru is an undergraduate student at UMass Boston. He has worked and interned at many technological start-up companies. Sai Valluru is primarily majoring in Computer Science and is minoring in business. With his goal to complete his Bachelor's in Science, Sai Valluru intends to take his Master's in Business Administration in the upcoming future.

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