MA in Quantitative Economics
University of Tartu
EUR 4,200 / per year *
15 Mar 2024
Earliest start date
* Tuition-waiver scholarships available
Quantitative Economics is a 2-year Master’s programme that gives students strong preparation in contemporary economic theory and econometric analysis methods enabling them to analyse and forecast economic processes. The programme has a special focus on micro- and macroeconomic theory and it gives training in solving real-life economic problems via the application of state-of-the-art economic analysis techniques. The graduates will be able to continue their education in international level economics PhD programmes or follow a career as analysts in banks, public sector organizations, consulting firms and international companies.
Why study Quantitative Economics at UT?
- Gives training in solving real-life economic problems via the application of state-of-the-art economic analysis techniques with a special focus on micro- and macroeconomic theory.
- Cooperation with the Bank of Estonia and Swedbank provides internship possibilities, an award for the best thesis and job opportunities after graduation.
- Study at the Delta Centre, which is one of the most modern centres of digital technology, mathematics and entrepreneurship in the Nordic region.
The English-taught master’s programme in Quantitative Economics gives students strong preparation in contemporary economic theory and econometric analysis methods, enabling them to analyse and forecast economic processes.
- Taught by top specialists in their field in an international environment.
- A special focus on micro-and macroeconomic theory.
- It gives training in solving real-life economic problems via state-of-the-art economic analysis techniques.
- Springboard for doctoral studies in economics or follow a career as an analyst in banks, public sector organisations, consultation firms and international companies.
The curriculum consists of:
- Quantitative Methods in Economics (38 ECTS);
- Economic Models (38 ECTS);
- Elective module (15 ECTS): there is a possibility to take an elective module from this curriculum Special Topics in Economics, or to take an elective module from the curriculum Actuarial and Financial Engineering;
- Optional courses (6 ECTS);
- Master's thesis (23 ECTS).
Part of the studies is compulsory practical training (internship) (6 ECTS).
Examples of courses:
- Mathematical Statistics
- Game Theory
- Monetary Economics
- Public Sector Economics
- Introduction to Programming
The University of Tartu belongs to the top 1.2% of the world's universities.
After completing the programme, the student:
- knows the main concepts in economics and has acquired the skills of making critical assessments over the applicability of these concepts;
- has acquired the ability to apply both micro- and macroeconomic models for analysing the problems which arise in economic practice;
- knows how to verbally, graphically, mathematically and empirically analyse and forecast both the behaviour of economic agents and also the impact of governmental policies.
Scholarships and Funding
There are 5 tuition waivers for citizens of EU/EEA/Switzerland, 10 for non-EU citizens
Program Tuition Fee
Students with a strong background in mathematics are most welcome to apply. The objective of the curriculum is to prepare highly qualified analysts for government agencies, banks, international organizations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
The objective of the curriculum is to prepare highly qualified analysts for the government agencies, banks, international organisations and consultancy firms, filling top positions that require a detailed understanding and application of economic models and econometric methods.
Graduates are competitive as analysts in the public sector, financial sector, multinational companies, consulting firms etc.
Part of the studies is a mandatory internship that helps students make career choices after graduation.
Program Admission Requirements
Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.
Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.