Graduate programs
The School of Sciences and Humanities offers seven graduate degree programs. The programs are designed to train the next generation of highly qualified experts to meet national and global challenges.
The Master of Arts in Economics (MAE) prepares for both a professional career as economist and for admission in a PhD program. Graduate education in Economics aims at the development of analytical, methodological, and applied skills. Developing students' understanding of both macro- and micro-economics will help them to work not only in the private sector, but also in industries with close contact with the government, governmental agencies, and regulatory bodies (i.e. energy, manufacturing, NGOs, and other firms). Training in data management, macroeconomic policies, optimization problems and other subjects that are part of the Economics curriculum will help students succeed and advance in a variety of professional environments.

Duration: 2 years
  • Application deadline for international applicants: February 29, 2024
  • Application deadline for local applicants: April 18, 2024

For students interested in pursuing a PhD in Economics, the MAE program provides with the advanced research and academic skills that will allow graduates to obtain an admission into some of the most exigent PhD programs in Economics, Business and other social sciences. Even in its first two years, MAE graduates were admitted (with full funding) to the PhD programs of the University of Washington at Seattle, University of Wisconsin-Madison, University of Vienna, KULeuven (multiple students), George Washington University, Purdue University and the University of Wuppertal. Recent admissions to PhD programs include Johns Hopkins University and Goether University in Frankfurt.
English Requirements

1) an overall IELTS test score of 6.5 (with no sub-score below 6.0) or the equivalent TOEFL score as posted on the ETS website;
2) for conditional admission (NUZYP), an overall IELTS test score of 5.5 (with not more than one sub-score below 5.0) or the equivalent TOEFL scores as posted on the ETS website.
Applicants, at the discretion of the Admissions Committee, can be exempted from submitting the language proficiency test report if:
– one of their earlier academic degrees was earned in a country with English as the language of official communication, academic instruction and daily life
– an undergraduate and/or graduate degree was earned in a program which was officially taught in English
Academic Requirements
1) an undergraduate degree (Bachelor's degree or equivalent) and a graduate/postgraduate degree (if applicable) in a relevant discipline with a minimum CGPA of 2.75 out of a 4.00. During the application period final year students may submit official current transcript for consideration;
3) a high motivation and strong interest in the program as outlined in a personal essay (500 words);
4) a resume;
5) three letters of recommendation (written within the last 12 months).
  • as a professional economist in banking, accountancy, business and financial consultancy, insurance, actuarial science, data analysis;
  • as an economist in the public sector, international organizations (IMF, World Bank, etc.), and non-profit organizations;
  • as a PhD student in American or European universities.
Year 1 Fall
  • ECON501 Microeconomics I
  • ECON502 Macroeconomics I
  • ECON511 Statistics
  • ECON512 Mathematical economics
Year 1 Spring
  • ECON521 Microeconomics II
  • ECON522 Macroeconomics II
  • ECON524 Research methodology (quantitative methods)
  • ECON531 Econometrics
Year 1 Summer
  • ECON580 Research and thesis
Year 2 Fall
  • ECON532 Applied Econometrics
  • ECON589 Thesis I
  • ECONxxx Elective I
  • ECONxxx Elective II
Year 2 Spring
  • ECON590 Thesis II
  • ECONxxx Elective III
Funding is available for local and international students, with the majority receiving a full scholarship and stipend.
To get more details please follow the link.
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