The Economics program studies the functioning of the global economy. You will discuss all economic actors and their interactions: families, businesses, financial institutions, government, and society. The master’s program provides you with an advanced insight into economic theories, models and techniques that you can use to analyze and evaluate complex social issues with regard to the interactions and behaviors between economic actors. You’ll learn how these actors make economic choices (consume, production, labor, investments, import, export, etc.), what the consequences are for society and how problems in this matter can be solved best.
The master’s program has, in addition to a common part with general courses, two majors that allow you to tailor your curriculum, according to your own interests. You can choose three courses from one major and an elective course from a broad range of courses. All students have the opportunity to do an (international) internship. The internship can be added to the programme as an elective course.
General courses (18 credits)
- Microeconomics: Decision Theory (6 credits)
- Macroeconomics: Business Cycles, Innovation, and Growth (6 credits)
- Econometrics: Time Series Analysis (6 credits)
Courses related to the major Financial Institutions and Markets (choose 18 credits)
- Economics of Banking (6 credits)
- Economics of Financial Markets (6 credits)
- Investment Analysis (6 credits)
- Institutional Economics (6 credits)
- Monetary Policy (6 credits)
Courses related to the major Economic Policy (choose 18 credits)
- Public Economics (6 credits)
- Fiscal Policy (6 credits)
- Environmental and Energy Policy (6 credits)
- Trade and Migration Policy (6 credits)
- Monetary Policy (6 credits)
- Institutional Economics (6 credits)
- Social Policy (6 credits)
Elective course (choose 6 credits)
Master’s dissertation (18 credits)
Total 60 credits
The general courses deepen your knowledge of microeconomics, macroeconomics, and econometrics in three advanced courses. In Microeconomics you study the behavioral implications, dual approach and the general equilibrium of consumer and producer behavior. This also includes an introduction to the game theory and you will explore the problem of asymmetrical information. In Macroeconomics you learn to understand and master the key developments in macroeconomics during the last 40 years. The focus is on modern growth theory, new classical macroeconomics, and modern business cycle analysis. In Econometrics we broaden your knowledge of the econometric techniques for time series analysis.
The major Financial Institutions and Markets aim at students who aspire a job in the financial sector. You study the different financial assets and their risk-return characteristics from the perspective of the institutional investor. Good investment decisions require knowledge of the most important financial markets (stocks, bonds, corporate securities, exchange rates, commodities, emerging markets) and the evolution of economic variables such as government budget, interest rates, and inflation. In addition, you will explore the main issues and the complex interactions in the management of banks and identify important trends within the changing regulatory environment of banks. In doing so, you will study all aspects that a central bank is faced with when conducting its monetary policy, in particular, the ECB.
The major Economic Policy aims at students looking for a job that determines economic policy, in the very broad sense of the word (not only the government but also social partners, the central bank, international institutions, financial institutions, etc.). You study the role of the government in the economy: efficient allocation, government intervention, and failure, inequality and poverty, social choice, and optimal taxation. We will teach you how you can deal with the current problems that welfare states face through an adapted policy. You also master the aspects that a central bank is faced with when ocnducting its monetary policy (in particular the ECB). In addition, the environmental and energy policy is discussed extensively: the central focus is on the optimal use of scarce resources and the related concepts of cost-efficieny, cost-effectiveness and information problems. Finally, you will discover the effects of fiscal policy on key macroeconomic variables such as economic growth and employment.
Finally, the master's dissertation is a very important element. Via that dissertation, you can show that you are able to apply the acquired knowledge to a problem independently.
Graduates from the Economics program can be found in macroeconomic organizations where there’s a need for experts with social-financial-international-economic insights. In the financial sector (banks, insurance companies, and central banks), we find economists back to research services, management, credit analysis, economic analysis, asset management, etc. In addition, many Economics graduates can be found in governmental organizations, international institutions, social partners (trade unions and employers’ associations), education and research. In governmental organizations, they hold numerous functions that involve the preparation, implementation, monitoring, and evaluation of many aspects of the economic and socio-economic policy. Some examples of jobs: procurement analyst, chief economist of a bank, an economic analyst at the National Bank, policy advisor of the Flemish Government, investment specialist and environmental economist at an NGO.
Students who are not sure about where to grow their career to, can attend the VEK (Flemish Economic Circle) Career Day. This Career Day is the biggest job fair in Belgium which is organized yearly by and for economic students. It presents a wide amount of companies from numerous industries. On this day you get the chance to ask all your questions to the recruiters of the attending companies.
Candidates should have an academic bachelor's degree.
The Economic's program consists of three learning trajectories: 1. Economics, 2. Quantitative formation and 3. Business Economics and Social and Human Sciences. The candidates' academic background should contain the following components within each trajectory:
- Economics e.g. microeconomics, macroeconomics, international economics, etc.
- Quantitative formation e.g. mathematics, statistics, econometrics, etc.
- Business Economics and Social and Human Sciences e.g. accounting, business administration, introduction to law, human sciences, etc.
English at level B2 is required upon enrolment.
A GMAT and/or GRE score should be included in your application file. Candidates who submit an application file without a GMAT or GRE score have significantly less chance of being admitted.
How to apply
In order to apply, you have to start up the online application procedure.
After completing the online application, you will be required to submit an application package (paper package) before the deadline.
EEA citizens: before 1 June 2019
Non-EEA citizens: before 1 March 2019
EEA citizens: €938,80
Non-EEA citizens: €5624,80
Program taught in: