Illinois State University, based in Normal, IL offers a fully funded master’s in Applied Economics. The master’s degree in Applied Economics links basic economic theory and statistical techniques to real-world problems faced by decision-makers. The Applied Economics program is a STEM-designated degree, which focuses on the systematic study of mathematical and statistical analysis of economic phenomena and problems. Funding for graduate students is available from several different sources. The University provides graduate assistantships as a means of financial support. Graduate assistants receive monthly wages and a waiver for 100% of tuition. Also a waiver for up to 12 credit hours of tuition for the summer term.