MA in Quantitative Economics

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.

You can choose between two specialisations and study tracks: Economics and Data Analysis or Economic Theory and Data Analysis.

Specialisation 1:

Economics and Data Analysis

• Quantitative Methods in Economics (36 ECTS);
• Economic Models (43 ECTS);
• Elective module (15 ECTS);
• Optional courses (6 ECTS);
• Master's thesis (20 ECTS).

Specialisation 2:

Economic Theory and Data Analysis

• Quantitative Methods in Economics (30 ECTS);
• Economic Models (30 ECTS);
• Monetary Policy and Time Series Analysis (12 ECTS);
• Majors (18 ECTS);
• Electives (12 ECTS);
• Master's thesis (18 ECTS).

The University of Tartu belongs to the top 1.2% of the world's universities.

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Learning outcomes

As a future master's student in the Quantitative Economics programme at the University of Tartu, you will embark on a journey that will significantly enhance your understanding and application of economics. You will learn the main concepts in economics, gaining the ability to assess their applicability in various scenarios critically. Your skill set will expand to include the application of both microeconomic and macroeconomic models to analyse real-world economic problems effectively.

Furthermore, you will develop a comprehensive approach to understanding economic phenomena, mastering the art of analysing and forecasting the behaviour of economic agents and the impact of governmental policies. This will be achieved not only verbally and graphically but also through advanced mathematical and empirical methods.

Moreover, the programme will provide valuable experience in conducting scientific research, equipping you with the tools to solve real-life economics-related problems. By the end of your studies, you will have a well-rounded, practical understanding of economic theory and its applications, setting a solid foundation for your future career in economics.

Audience

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.

Our graduates work in diverse sectors, including various financial companies, consultancy firms, think tanks, multinational companies, and universities. Examples of employers include Google (Ireland), Bolt (Estonia), Finnair (Finland, Estonia), think-tanks (PMCG in Georgia, Centar and Praxis in Estonia), universities (Tbilisi State University in Georgia, University of Tartu, University of Cambridge in the UK), banks (Swedbank, Bigbank, Luminor in Estonia), Fintechs (Wise, Fortumo).

As to the occupations and job tasks, many graduates are working as different kinds of data analysts. This is supported on the one hand by a strong emphasis on statistics, econometrics and data science courses during the master's studies, and on the other hand by the high demand for data scientists in the labour market.

• The University of Tartu is ranked in the top 350 universities in the world (see Rankings and Surveys).
• You have an opportunity to receive two diplomas by spending your second study year at Ghent University.
• Cooperation with the Bank of Estonia offers access to expert lecturers from the bank, as well as internship and post-graduation employment opportunities.
• Graduates can pursue careers as analysts in banks, public sector organisations, consulting firms, and international companies. About 80% of our alumni work in Estonia.
• Study at the University of Tartu Delta Centre, which brings together a vibrant community of students, researchers and innovators in the fields of computer science, business and economics, mathematics and statistics.