Master of Arts in Economics

Central European University

Program Description

Master of Arts in Economics

Central European University

At a glance:

  • a 2-year program that focuses on the technical skills to do research in the public/private sector or continue with a PhD at CEU or elsewhere

  • over 90% of students get full tuition waiver

  • over 60% of students get both a full tuition waiver and a fellowship (and accommodation if necessary)

  • get the tools to understand cutting-edge research in economics

  • top students continue by doing a PhD at e.g. Harvard, MIT, Princeton, Berkeley, LSE, Duke

  • typically 15-25 students in the cohort

The U.S. accredited two-year MA program in Economics was launched in 1994/5. The program is registered in the U.S. by the Board of Regents of the New York State Education Department. This MA program was also accredited by the Hungarian Higher Education Accreditation Board in March 2007, (as "Közgazdasági elemző mesterszak” in Hungarian), and it is designed according to the Bologna process model.

The Hungarian accredited Master program in Economics was launched in 2007/8. The program is fully integrated and overlapping with our traditional two-year American MA program. Students accepted into the MA in Economics are first enrolled into the US accredited program. At the enrollment, they can opt to enroll in the Hungarian accredited program as well. By choosing this option they have to satisfy some additional requirements.

The language of teaching and administration is English. Each year 20-25 students are admitted into the program. The Fall and Winter terms of the first year cover the core of mainstream economics (Mathematics, Statistics, Microeconomics, Macroeconomics, Econometrics). The spring term and the second year offer more advanced and specialized field courses in various topics, after which students write and defend their Master's thesis.

The program provides the skills necessary for research and analyst positions at government and international agencies, banks and other private firms, and also prepares students for continuing their studies at the best Economics Ph.D. programs around the world.

Curriculum Overview

The first year of the program serves as an introduction to the core areas of standard economics and provides a firm foundation for further studies. The second year offers advanced and specialized field courses that students choose according to their research interests.

Sample Courses
Year I: Microeconomic Theory; Macroeconomic Theory; Econometrics; Mathematical Methods for Economists, The Science of Success, Antitrust and Industrial Policy Analysis, International Macroeconomics, Growth and Development,

Year II: Game Theory; Advanced Econometrics, History of Economic Thought; International Finance; Industrial Organization; Behavioral Economics; Financial Economics; Organizational Economics, Corporate Governance, Investments, Competition Policy, Transition Economics, Law and Economics

Waiver exams

Before the beginning of the Fall term of the first year (during the mandatory pre-session), students may take waiver examinations in each of the core sequences (of Microeconomics, Macroeconomics and Econometrics). The waiver exams cover the material from the entire core sequence. Students who pass all three waiver examinations can directly enter the second year and have to take 24 credits, of which two courses have to be taken from Advanced Microeconomics1, Advanced Macroeconomics1, and Intermediate Econometrics. Students who pass some but not all three waiver examinations get credits (but not grades) for the courses in the relevant sequence.

Program specific requirements:

  • Submit a 500-word essay (motivational letter) introducing your research topic and explaining your academic/professional background. Indicate how further studies at CEU would help you achieve your future career goals.
  • Online Mathematics exam or general GRE exam. The online Mathematics exam aims to test Candidates on basic calculus, probability theory and linear algebra and is organized by CEU. You can also submit a general GRE score instead.

You must possess a BA degree (or higher) or be enrolled in the last year of your university studies. Successful applicants come from a variety of vocational and educational backgrounds; a previous degree in Economics is not required. If your background is not in Economics, you will have to complete additional credits in Economics subjects if you wish to receive a Hungarian Master degree.

This school offers programs in:
  • English
Central European University

Last updated February 26, 2018
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2018
Duration
Duration
2 years
Full time
Price
Price
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Information
Deadline
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Locations
Hungary - Budapest
Start date: Sept. 2018
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Dates
Sept. 2018
Hungary - Budapest
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