Master in Economics and Finance (MEF) is a two-year English-language Master's degree programme, which aims to give the student a thorough grounding in both theoretical and applied economics. The programme aims to give the student a thorough grounding in both theoretical and applied economics. Emphasis is put on developing abstract analytical reasoning, which allows the graduates to solve complex economic problems in various settings. The applicants must have the solid background in Mathematics and good command of English. Courses are taught both by members of the Institute of Economic Studies (IES) and external professionals from the central bank, commercial banks and business analysts. Graduates typically assume challenging positions in banking, consulting, investment funds and public administration. Compulsory core courses introduce the students to the advanced topics in macroeconomics, microeconomics and econometrics as well as to two major fields in finance, namely financial markets and banking. Elective courses cover a wide range of specific areas in economics and finance, which allows the students to specialize in the field of their interest. The topics include advanced economic theory (e.g. business cycles theory, economic dynamics, game theory), applied economics and economic policy (e.g. monetary economics, international macroeconomics, antitrust economics, health economics, environmental economics, development economics), theoretical finance (e.g. quantitative finance), and applied finance and investment (corporate finance, portfolio analysis and risk management, international finance, insurance, company valuation, real estate investment). The open day will take place at the Institute of Economic Studies (IES, Opletalova 26, Prague 1) on 2. 2. 2018 at 9 a.m. and 8. 6. 2018 at 9 a.m
Description of the entrance examination and evaluation criteria
In addition to the application form, the applicant must provide the following documents:
- Copy of a diploma to show completed Bachelor's or Master's studies, or confirmation of ongoing studies in the academic year that those studies will be completed;
- Transcript of marks and academic results from previous higher education studies;
- Document showing level achieved in the English language;
- Document showing level achieved in mathematics;
- Motivation letter;
- Letter of recommendation Knowledge of English:
Applicants who do not need to provide evidence of their level of English: native speakers of English;
those whose secondary or previous higher education studies were conducted in English;
those who worked for at least one year in a firm where English was the main language of communication.
Other applicants should provide results either from IELTS, TOEFL or an equivalent test (e.g. FCE, CAE).
- Knowledge of mathematics:
Applicants will ideally provide results from GRE or GMAT.
Exceptions to this requirement are applicants who
- have confirmation that they gained a high place in a recognised mathematics competition;
- worked for at least one year in the field of statistics or econometrics and routinely used quantitative methods;
- in previous higher education studies, achieved the equivalent of 30 ECTS credits in mathematics, statistics or econometrics.
All documents which are not originally in Czech, Slovak or English must be accurately translated into English.
Conditions for admission
The admissions committee will assess applicants on the basis of the documents submitted and give them a ranking of 1-10 points. The point limit for accepting applicants is set by the Dean. A pre-condition for being accepted is the completion of higher education.
Information on the exercise of graduates
Masters graduates are qualified to undertake advanced-level quantitative analysis and modelling in economics and finance. The courses in the program are constructed in line with the graduate programs in Economics and Finance in the top universities in the EU, including a significant part of econometrics. Masters graduates are familiar with the advanced economics knowledge and quantitative skills, as well as detailed knowledge about particular topics in financial markets, banking, corporate finance, international trade and finance, public economics and economic policy-making. The graduates are typically financial analysts, economists in corporations, consultants, economists in central banks and international organizations, or pursue doctoral degrees in economics or finance.