Master of Science in Economics

This programme responds to the growing complexity and competitiveness of the global economy by offering rigorous training in contemporary economic theory and methods. It places strong emphasis on quantitative skills and on modern empirical research techniques, ensuring students learn to apply advanced tools to analyse economic questions. Teaching focuses on best-practice mainstream economics while encouraging applied work that connects analysis to policy issues.

Students can pursue optional in-depth study modules that ease the transition toward independent research projects. Practical, research-oriented training and the programme’s methodological orientation prepare graduates to tackle real-world economic problems across public and private sectors. The programme is delivered entirely in English, making it accessible to international students.

Requirements (key points)

• Language: Programme is taught completely in English — proficiency in English is required.
• Academic focus: Strong quantitative and empirical emphasis — be prepared for rigorous quantitative coursework and applied research methods.
• Career orientation: Designed to equip students for roles in higher education, research, or consultancy at national and international levels.

This programme is organised to give students a strong research-oriented foundation in economics while also allowing substantial specialization through electives. The standard full-time track runs for two years: an intensive first semester builds core theoretical and empirical skills, the middle semesters are devoted to elective modules in both theory and applications, and the final semester is reserved for independent research in the form of a Master’s thesis. A one-year accelerated pathway is available for exceptionally well-prepared graduates, and part-time study is also possible.

In semester one you take three research-focused core modules — Advanced Microeconomics, Advanced Macroeconomics and Advanced Econometrics. Each of these comprises two complementary, interactive lectures: a main lecture that develops advanced theory and empirical techniques, plus an accompanying lecture that revisits and extends the methodological foundations acquired during undergraduate studies. Learning outcomes from these courses include mastery of advanced theoretical models, rigorous empirical methods (with a strong econometric emphasis), and the ability to critically evaluate and build research designs.

During the second and third semesters you choose ten elective modules (spread across both semesters) to deepen expertise in particular fields and to practice applied and quantitative methods. Typical elective offerings include: Business Cycle Theory, Economic Growth, Forecasting, International Economics, DSGE Modelling, Financial Economics, Real Option Theory, Public Choice, Political Economy, Public Finance, Game Theory, and History of Economic Thought. The programme culminates in a research-focused Master’s thesis in the fourth semester, which trains you in independent literature review, model development, empirical implementation, and presentation of original results — preparing you either for doctoral study or for analytic roles in policy institutions, finance, and consulting.

Requirements and structure (concise)

• Standard duration: two years (full-time), with a research thesis in semester four
• Semester 1: three core, research-oriented modules — Advanced Microeconomics, Advanced Macroeconomics, Advanced Econometrics — each with a main lecture and an accompanying methodological lecture
• Semesters 2–3: ten elective modules across theoretical and applied economics (examples listed above)
• Semester 4: Master’s thesis providing structured research training and independent project work
• One-year (accelerated) option: available to graduates with above-average first-degree results who already possess the knowledge and skills covered in the accompanying lectures of the compulsory modules
• Part-time study: possible for students requiring a more flexible schedule

Graduates are prepared for careers in academia, research institutions and consultancy, as well as analytical roles in government, international organisations and the private sector. The degree’s strong theoretical and empirical training also provides a solid foundation for doctoral study.

The programme’s quantitative skillset and applied research experience make alumni attractive candidates for positions that require economic modelling, forecasting, policy evaluation and data-driven decision making at national and international levels.