## MSc in Mathematical Modeling of Economic Financial Systems

**MSc in Mathematical Modeling of Economic Financial Systems**

The Faculty of Economics at YSU is an internationally known faculty through its graduates enrolled as master and PhD students in various countries and internationally recognized universities. The Faculty of Economics at YSU provides to students high grade research based on economic mathematical modeling techniques to solve problems in macroeconomics, microeconomics, management science and finances. Simultaneously, the research is used to implement academic courses taught within the Faculty of Economics.

The Faculty of Economics at YSU runs an MSc Program in Mathematical Modeling of Economic Financial Systemsbased on courses in Mathematical Modeling and Mathematical Finances.

**Introduction**

The mission of the MSc Program in Mathematical Modeling of Economic Financial Systems is to teach students the basics of Microeconomics, Macroeconomics, Mathematical Finances and Econometrics to provide them powerful knowledge and research capabilities to be used in theoretical and applied disciplines.

The MSc Program in Mathematical Modeling of Economic Financial Systems courses taught at the Faculty of Economics at YSU allow students to be acquainted with basics of Economic Mathematical Modeling in various Economic disciplines using case studies demonstrating practical problems in industry and both national and world economy.

The MSc Program in Mathematical Modeling of Economic Financial Systems courses taught at the Faculty of Economics at YSU provide deep analytical and computational knowledge in Information Technologies, Management Information Systems and allow students to apply gained computer and technology skills in pursuing further research.

**Course Structure**

The MSc Program in Mathematical Modeling of Economic Financial Systems lasts for two calendar years, starting in the firstweek of September. The course is full time consisting of taught modules with two intermediate examinations and final exam per semester . The program consists of 5 main modules, 4 optional modules, plus master dissertation. Each module corresponds to 32 hours of lectures.

The MSc Program in Mathematical Modeling of Economic Financial Systems is equivalent to 180 ECTS, on the European Credit Transfer Scheme.

**Entry Qualifications**

The entry requirement for the Master Program in Mathematical Modeling of Financial Economic Systems is a very good undergraduate degree (certainly more than 60%) in a numerate discipline. While a strong background in mathematics will be important, applications from students whose qualifications are in physics or other areas will also be welcomed and considered on individual merit.

All students are required to have a good knowledge of English (students with IELTS overall score of 6.5 with a minimum of 6.0 in each subtest, TOEFL score of 237 plus 4 in essay rating are welcomed). Skills and use of computers for simulation and presentation will form a part of the course. Consequently a familiarity with computers is desirable but is not essential.

**Course Aims**

The Masters Program in Mathematical Modeling of Financial Economic Systems has main objectives as follows:

- To allow an understanding of the economic processes to develop a suitable mathematical model

-To teach the basics of information technologies and mathematical methods used to develop economic mathematical models for the assessment, simulation and analysis of systemsbehavior

-To introduce a range economic financial problems, develop conceptual and industry, economy, finances targeted models and their solutions.

**Option modules**

Advanced Modeling, Mathematical Techniques in Nonlinear Systems, Operations Research Theory, Computational and Simulation Methods in Mathematical Modeling and its Applications in Economy and Finances.