Quantitative Economics

Quantitative Economics is a 2-year Master’s programme entirely taught in English language and absolutely free of charge.

It prepares students 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, consultation firms and international companies.

After completing the curriculum, 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 behavior of economic agents and also the impact of governmental policies.

Application deadline for all applicants: April 16

The curriculum comprises the following modules: 

Quantitative Methods in Economics (30 ECTS);

Economic Models (42 ECTS);

Elective module (12 ECTS): there is possibility to take elective module from this curriculum Special Topics in Economics or to take electicve module from the curriculum Financial and Actuarial Mathematics;

Optionals (6 ECTS);

Master's thesis (30 ECTS).

DOCUMENTS TO BE SUBMITTED:

-  Online application;

- Motivation letter;

- Official copy of the Bachelor’s Diploma or its equivalent and Diploma Supplement (transcript/grade list) in the original language*

- Official, certified translation of the Bachelor’s Diploma and Diploma Supplement into English;

- Proof of English language proficiency (ut.ee/requirements, e.g. TOEFL iBT 75, IELTS 5.5, exceptions listed on web);

- Copy of the passport page stating the applicant’s personal details.

*All copies of education documents must bear an original seal and a signature of an authorized official of the issuing school or be certified with an apostille.

APPLICATION PROCESS:

- Submit the online application (relevant link available at a programme’s website);

- Mail the required and carefully prepared documents by the deadline to: International Student Service, University of Tartu, Ülikooli 18, Tartu 50090, Estonia

APPLICATION DEADLINE: April 16

Applicants who graduate or have their diplomas issued later than the application deadline (in July, for example) must send an application form and their most recent official transcript of records by the required deadline. 

Tuition fee is 3200 EUR/year and it covers tuition, essential study materials, supervision and advice for thesis preparation. Tuition-waiver scholarships are available for the best applicants. Students receiving this scholarship do not have to pay the tuition fee if they complete full-time study load (30 ECTS per semester). If it turns out that they do not complete full-time study load per semester, they have to pay tuition fee per missing credit point below the required 30 ECTS.