About Our One-Year Master's Program
Welcome to REDA, a one-year master’s program in economics.
The REDA program was created in 2015 in the belief that ensuring a sustainable future requires graduate training that combines (a) an emphasis on the style of thinking that economists bring to environmental and energy issues, with (b) the development of the hands-on analysis methods that economists apply to real-world data to address these issues.
We know you have an important decision to make about whether to enroll in REDA. We believe we have created an excellent learning opportunity for future analysts. We are excited about the program; I explain why here.
The REDA program is a terminal master’s in economics consisting of 31 credits.
Students enrolled full-time will graduate in less than one year. However, we realize the intense nature of an accelerated program is not for everyone. That’s why we’ve created a flexible part-time track.
Graduate in less than one year!
Most students choose this option.
Work with the Program Coordinator to customize a course plan that works for you.
Effective summer 2019, each credit has a flat tuition rate of $1,100. REDA program tuition is $34,100 plus segregated fees.
Do you meet the following requirements? If so, we will provide a scholarship of $4,000 or more. We will provide Wisconsin residents who meet these requirements with an additional $6,000 scholarship (total of $10,000). Even if you don’t meet these requirements, scholarships are available.
- Four-year Bachelor’s degree with a GPA of 3.4 or better from an accredited institution of higher learning
- GRE: quantitative & verbal scores in the 70th percentile or better, and writing score of 4.0 or better
- US Citizen
Apply by January 15th for guaranteed consideration.
REDA has a limited number of application fee waivers. Please contact our Program Coordinator for details.
If you are attending full or half-time, you are eligible for Federal Student Aid. To apply for financial aid, please visit the FAFSA website and complete the online registration. When applying for aid you will need the UW-Madison Institution Code: 003895.
For more information about Federal Student Aid, please visit the UW Office of Student Financial Aid.
REDA is a STEM degree. International students that complete the REDA program are eligible to apply for a 24-month extension of their F-1 OPT visa. Learn more about OPT STEM extension from UW International Student Services.
Students in REDA may not receive tuition remission from the University of Wisconsin–Madison. If you apply for and receive a TA-, RA-, or PA-ship from the University of Wisconsin, you are disqualified for admission to the program.
We require one course in microeconomic theory and one course in probability and statistics. Equivalent work experience will also be considered.
You must have a four-year Bachelor’s degree from an accredited institution of higher learning. We admit students from a variety of undergraduate majors and disciplines. Approximately half of REDA students majored in economics, while the other half come from diverse fields including political science, engineering, mathematics, biology, and philosophy.
Course syllabi are available on the AAE website.
Advance your analytical skills.
Example topics: Calculus, statistics, R. Taught online.
Develop intuition for and understanding of basic econometric methods.
Example topics: Linear regression, statistical inference, R.
Hone your written and verbal communication skills, with an emphasis on clear communication of complex ideas.
Example topics: Conciseness, accuracy, clarity, audience.
Apply analytical methods commonly used in the industry.
Example topics: Microeconomic theory, technology adoption, cost benefit analysis.
Learn best practices for designing, implementing, and evaluating surveys used to understand household choices.
Example topics: Survey error, survey modes, sample design, non-market valuation, statistical modeling of household choices.
Navigate the political, economic, scientific, and technological dimensions of energy issues.
Example topics: Renewable energy, fossil fuels, energy use, public policies.
Expand your understanding of econometrics in the context of program evaluation.
Example topics: Panel data, randomized controlled trials, randomized encouragement design, matching methods, discrete choice analysis, R.
Dive deep into challenges facing the energy & natural resource industries today.
Example topics: Varies by year, including rate design, renewable energy, program implementation, non-market valuation, load forecasting, climate change, and fishery management. See previous topics & speakers.
Acquire the theoretical framework for analyzing human interactions with our environment.
Example topics: Environmental policy instruments, measurement of costs and benefits.
Understand the inner-workings of national and global energy markets.
Example topics: Energy demand, pricing structures, energy efficiency, market power.
Comprehend the analytical methods and tools for natural resource economics.
Example topics: Commons, steady state, maximum sustained yield, discounting, rule of capture, Microsoft Excel.
Synthesize everything you’ve learned to solve a real-world research problem.
Example topics: Data cleaning, analysis, written and oral presentation of results for a real-world research project. See examples of previous practicum topics here.