Master of Science (MSc) in Mathematics-Economics
As a graduate student in Mathematics-Economics, you will work with economic modelling and its deeper foundation in advanced mathematics and statistics.
The programme is offered in English.
Economic modelling applies to the macro-economic calculations that are used, for example, by Danmarks Nationalbank and the European Central Bank.
Other areas of use are the modelling of financial risks used by banks and insurance companies; forecasting, where interest rates or other key economic variables are predicted; and management and planning of production and traffic.
The MSc programme in Mathematics-Economics puts a great deal of emphasis on mathematical and statistical theory. Therefore, your primary motivation for choosing this programme should be your interest in mathematics.
Profile and Career
The MSc programme in Mathematics-Economics gives you the prerequisites to understand economic models, their mathematical foundations, and their application in the financial and political world as well as in the public sector.
Compared to other economics studies, a good deal of emphasis in this programme is placed on mathematics and statistical theory and less emphasis on, say, sociology and economic history. To a large extent you can compose the programme very freely. However, the first year of the programme consists partly of mandatory courses which will provide you with basic knowledge within the fields of advanced econometrics, macro-economics, micro-economics and finance.
As a graduate from the Mathematics-Economics programme you will have the competences required to:
- Structure an inquiry into open economic issues, especially of an econometric and financial nature.
- Further develop and adapt economic and statistical models for specific challenges
- Conduct independent, stringent argumentation
- Independently take responsibility for your own professional development and specialisation.
The job opportunities are very good for MSc graduates in mathematics-economics. For example, many mathematical economists work in Denmark and abroad in the financial sector with advanced model development for banks and insurance companies, and others work at national banks and public institutions, and also as researchers at universities. The close collaboration and relationship with economics is also reflected in the fact that many economic advisers and experts are mathematical economists.
The programme is very free and can, to a great extent, be composed according to your own wishes, with an emphasis on financing, econometrics, operations research or theoretical economics. Regardless of which direction you choose, the mathematical foundation will play a major role.
There are good opportunities to participate in external projects and to have credit for them transferred as part of your studies.
The programme concludes with a thesis, where you work in depth with an academic problem. Often, the thesis takes its point of departure in practice, and the work is carried out in collaboration with a company in many cases.
Possible thesis topics:
- Optimum mortgage-credit portfolio planning
- Implicit volatility and realised variance
- Credit risk
- Co-integration - stable correlations in explosive processes
- Optimum route plans in large networks
It is also possible to study abroad during your degree. You can choose to study abroad for one or two semesters or for a shorter period of time; for instance you can take a summer school course.
When and how to apply
The application procedure for EU/EEA and Swiss Citizens
- Make sure to check the admission requirements.
- Contact SCIENCE Student Service if you have questions.
- Prepare your relevant documentations (see checklist) - Language tests and certified diplomas can be forwarded through the online application portal up until study start.
- From 1 February to 1 April you can send your application through THE ONLINE APPLICATION PORTAL
- We must receive your application no later than 1 April (Fall Semester).
- After 1 April application deadline, your application will be evaluated by an academic admissions committee.
- You will receive a response no later than 15 June.
- Study start 1 September 2014.
Application Procedure Non-EU/EEA Citizens
- Make sure to check the programme admission requirements.
- Contact SCIENCE Student Services if you have questions.
- Prepare your relevant documentations (see checklist). Incomplete applications will not be processed.
- From 15 November to 15 January you can send your application through THE ONLINE APPLICATION PORTAL
- We must receive your application no later than 15 January (Fall Semester).
- Your application is evaluated by an academic admission committee between 15 January and 15 March: All applicants offered admission will receive an invoice for tuition fees which must be paid by 15 April
- If admitted, you will receive your letter of admission after we have received your tuition fee payment.
- 1 May is the deadline for applying for your residence permit.
Checklist for Documentation
In order to make sure we have all the information needed to evaluate your past achievements and future potential, you are required to submit the following items:
- An original or certified copy* of your academic transcript from your Bachelor degree. If the transcript is in a language other than English or a Scandinavian language, please include an official English translation.
- A certified copy* of your Bachelor diploma. If you are yet to receive your diploma, please provide a letter from your university stating the date when the diploma will be issued.
- Course descriptions of courses undertaken in your Bachelor degree relevant to the programme you are applying for. These can be in the form of photocopies from your university's academic handbook/course lists or print-outs from the university's website. They should describe what was required of you to complete the courses, what was studied and hours of study. These course descriptions allow us to understand exactly what you have studied in your prior degree, and help us to determine whether you meet the requirements and are eligible for the MSc degree at the Faculty of Science.
- An updated version of your C.V. (curriculum vitae)/résumé A photo is not necessary.
- A photocopy of your passport. Should you have more than one passport (citizenship) please copy the passport with which you will use to travel to Denmark. NB: You must use your EU/EEA passport should you wish to be given a tuition fee waiver.
- Proof of English language proficiency (not applicable to native English speakers) 1) Acceptable TOEFL/IELTS exam results (these test results should be sent to us separately from the test centre upon your request) OR 2) Proof that English was the language of instruction in your prior education. See more information on the language requirements.
* An official certified copy is a copy of an original document that has been certified as a true and correct copy by a person who is authorised to witness a statutory declaration. Official certified copies are usually a photocopy of the original document stamped, signed and verified by an official in your country. Each country varies in whom is qualified to certify documents, however generally speaking your university, lawyers and embassies can certify documents for you, so that we can verify that what we have is a true replica of the original (and therefore determine if you are eligible for the MSc with us).
Please note that when you apply for admission through the digital application system, you are responsible for including and uploading all relevant documents listed in the application package as described above. If you do not have the necessary documentation at time of application you must instead upload an explanation. You can not continue the application process, if you fail to upload information when the application system requires it.
Please note that if you are admitted to an MSc programme at SCIENCE, you may be requested to present your original diploma and transcript at your arrival in Denmark. This will allow us to verify the documents.
If you have already applied digitally, you can always log on to the system and check up on the status of where in the application process your application currently is. Once your application is processed, you will also receive messages regarding your application through the online application system.
- EU/ EEA/Swiss applicants:
1 April 2014 for admission 1 September 2014
- Non EU/ EEA applicants:
15 January 2014 for admission 1 September 2014