Master of Arts in Economics

Master of Arts in Economics

  • A Western graduate-level 2-year MA program taught entirely in English
  • High quality internationally recognized faculty drawn from North America, Europe, 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
  • Admission comes with funding and (for Kazakhstani citizens) a monthly stipend for the entire duration of the program
About MAE

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.

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).


2 years

Work after graduation

– 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.

Program outline

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.

  • Application deadline for international applicants: February 28, 2023


  • Application deadline for local applicants: April 18, 2023

2021 © School of Sciences and Humanities