An applied economics degree will look at how you can apply economics theories in real life situations. You will have a chance to develop your analytical and technical skills, as well as understanding how different economic problems are solved with these skills. The applied nature of these courses will not only develop you as a professional economist, but also teach you how to be a good problem solver and project manager.
A postgraduate degree in applied economics will build upon the knowledge you gained at undergraduate level. It is likely that you will have previously studied an undergraduate degree in economics, mathematics, or a closely related subject. Modules you study might include economic modelling, analysis of economic data, international trade theory, and strategic decision making.