Master of Arts in Economics

Master of Arts in Economics

  • A Western graduate level economics program 2-year funded all-English MA program
  • High quality internationally recognized faculty drawn from North America, Europe, Africa, and Asia
  • Advised and supported by a strategic partnership with the University of Wisconsin-Madison (USA)
  • Housing on campus with modern facilities, labs, library, and sports center
  • Funding for your education
  • Acceptance into the MAE comes with a monthly stipend for the entire duration of the program (only for Kazakhstani citizens).
About MAE

Master of Arts in Economics (MAE) degree program will directly serve the exigent need of preparing highly qualified Economists. Graduate education in Economics involves the development of analytical, methodological, and applied skills. Developing students’ understanding of macro- and microeconomics will help them to function not only in the private sector, but also in industries that interface with government and governmental agencies (i.e. energy, manufacturing, NGO, 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. For students interested in doctoral-level education, a Master’s degree in Economics demonstrates advanced research and academic skills that will facilitate their admission to Ph.D. programs in Economics, Business and other social sciences. Even in its first two years, our students were placed (with full funding) to the PhD programs of the following universities: Washington, Vienna, KU Leuven (multiple students), George Washington, Purdue and Wuppertal.


The absolute minimum requirement for English language proficiency test reports for admission to the Program is:

1) Overall IELTS test score of 6.5 (with sub-scores no less than 6.0) or the equivalent TOEFL score as posted on the ETS website;

2) The absolute minimum requirement for English language proficiency test report for conditional admission (NUZYP) is an overall IELTS test score of 5.5, with no more than one sub-score of 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.

– an applicant is an NU graduate.

Academic Requirements

1. An undergraduate degree (Bachelor’s degree or equivalent). During the application period final year students may submit official current transcript for consideration.

2. A minimum CGPA of 2.75 out of 4.0 (or equivalent);

3. High motivation and strong interest in the Program as outlined in a personal essay;

4. Resume;

5. Three letters of recommendation.

Application deadline: April 30th, 2021


2 years

Work after graduation

– Professional economist careers

– Economics careers in banking – Economics careers in accountancy

– Economics careers in business and financial consultancy

– Economics careers in the public sector, international organizations, and non-profit organizations

– Insurance, actuarial, and data analysis careers in economics

Program outline
  • Microeconomics 1

  • Macroeconomics 1

  • Statistics

  • Math

  • Econ

  • Microeconomics II

  • Macroeconomics II

  • Econometrics

  • Research

  • Methodology

  • Applied Econometrics

  • Elective 1

  • Elective 2

  • Thesis 1

  • Thesis 2

  • Elective 3

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.